Bitcoin has been flirting with the 16K area now for about a week. While a consolidation pattern has developed (which can be interpreted as momentum continuation) the general area is a very risky location to be putting on new long positions. The mistake to avoid is to buy into a Read more…
“The cryptocurrency may consolidate for a short period before moving higher into Christmas,” said Chris Thomas, head of digital assets at Swissquote Bank. Indeed, further notable gains look unlikely in the short term, as the cryptocurrency’s 60% rally from $9,800 to $15,900 seen over the past two months looks overstretched, Read more…
Crypto exchange Binance has begun blocking U.S. users from accessing its exchange platform, The Block has learned. The move comes more than a year after Binance first announced in July 2019 that it would stop serving U.S. residents from September of that year. Until now, the exchange was still effectively allowing U.S. Read more…
Legendary investor Bill Miller says that this is the right time to buy Bitcoin as the fundamentals are getting stronger every day. According to his interview given to CNBC on Friday, the legendary investor said that the bull market will be good for growth and traditional value. In his interview with the CNBC, legendary Read more…
On November 7th at 12:37am EST, observers on the Bitcoin blockchain noted that a number of Bitcoins were moved from a wallet that had not been moved since 2010. According to researchers from Btcparser.com, around 1000 ‘sleeping Bitcoins’–totalling roughly $15.5 million–were sent in a single transaction. The BTC’s owner also Read more…
Joe Biden and Kamala Harris have been declared the victors in the US election, but the biggest winners to emerge from the bitterly fought contest are China and bitcoin investors, according to crypto analyst Max Keiser. The host of RT’s Keiser Report said the change in government “will trigger a stampede into Read more…
Bitcoin price continues to break new grounds today as bulls prepare to take on the $14,900 resistance. Since the bottom of the brief dip yesterday at 08:00 UTC, $24 billion has been added to the market with most of it being piled into BTC. Bitcoin dominance has now broken over Read more…
The Bitcoin price seems unstoppable at the moment, having reached another annual high today and the highest level since January 2018. At the time of going to press, the Bitcoin price had risen to USD 14,479, an increase of around 5.0% over the last 24 hours. Even bearish news, such as the Read more…
Bitcoin (BTC) bulls need to hold onto the support area around $13,600 if they are to keep bears at bay and repeat their recent push for a break above $14,000. Bitcoin’s resilience above $13,000 has so far helped keep sellers off this week, even as the cryptocurrency largely outperformed major altcoins Read more…
Top firms to enter Bitcoin [BTC] race are MicroStrategy, Square Inc. , Stone Ridge Asset Management and GrayScale. Yesterday, October 31st, crypto king Bitcoin (BTC) celebrated its 12 birthday since the release of the Bitcoin whitepaper. Bitcoin pushed past $14,000 levels and registered its biggest ever monthly closing in the last 34 Read more…