Bitcoin Craters to $10,500, Sentiment Hits December Lows: Can BTC Bounce?

Over the past few days, bears have managed to wrest the wheel of the proverbial Bitcoin car from bulls. And since then, this class of investors has been driving BTC off a cliff. Related Reading: Crypto Investors Believe There’s More Pain Ahead For the Altcoin Market As of the time of writing this, Bitcoin is […]

Bitcoin (BTC) Price Hits Weekly Bearish Target: $10K Could Be Next

Bitcoin price broke the key $11,200 support level and declined below $11,000 against the US Dollar. The price tested the $10,500 bearish target (as discussed in the weekly forecast). There is a major bearish trend line forming with resistance near $11,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price […]

Bitcoin Becoming a Better Hedge as US National Debt Hits $22.5 Trillion

Bitcoin can be many things depending on how it is used. A form of digital money, a trading vehicle for short term gains, a long term investment, or as we have seen more recently, a hedge against government instigated economic hardships. US Debt Skyrocketing According to statistics from the total US national debt has […]

Bitcoin Hits Highest Weekly Close Since January 2018, Showing Strong Momentum

After spending the best part of the past week consolidating, Bitcoin took a turn south over the weekend. On the bright side, the king of crypto registered its highest weekly close for over a year. Will it lead to further gains? Highest Weekly Candle for 18 Months Today’s Asian trading session has been the complete […]

Bitcoin Market Dominance Hits Fresh Yearly High as Investors Flee Altcoins

Bitcoin (BTC) has been on an upwards ascent throughout the first half of 2019 that has extended further over the past couple of weeks. Despite this, the age-old adage of “a rising tide lifts all boats” has not proven to be applicable to the crypto markets as of late, as most major altcoins have been […]

Bitcoin Network Hash Rate Hits New High Over 80EH/s

Just a week after the Bitcoin network notched up another new hash rate high, it has done it again and this one is a bit of a milestone. Bitcoin Hash Rate Hits 80 EH/s For the first time ever, Bitcoin’s hash rate has topped 80 Exahashes per second. According to network hash rate hit […]

Asian Trading Moving Crypto Markets Again as Bitcoin Hits 4 Week High

In a similar move to yesterdays, Bitcoin has started moving during the Asian trading session. The pump has taken prices to their highest level since mid-July as BTC tapped $12,300. Bitcoin On Track For $13k For the best part of the past 24 hours Bitcoin has floated around the $11,700 range with very little momentum […]

Bitcoin Soars Towards $12k as Yuan Hits Decade Low

Bitcoin rose above the $11,800 level on Monday as People’s Bank of China (PBoC) pushed the Chinese Yuan to its decade low. At around 0740 UTC, the BTC/USD instrument established a local high of $11,860, up 6.67 percent in the past 24 hours. The move upward brought the pair’s 7-day gains to 23.93 percent. The […]

Bitcoin Eyes $12K Price Hurdle as Dominance Rate Hits 28-Month High

Bitcoin has broken out of bearish mode with a near 10-percent surge this morning and looks to be decoupling from alternative cryptocurrencies. Source link