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Sunday’s Market Watch: Is Bitcoin Taking a Break Before $12K?

Sunday’s Market Watch: Is Bitcoin Taking a Break Before $12K?

October 11, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Following yesterday’s surge to about $11,500, Bitcoin has retraced slightly and trades at about $11,350. Most altcoins have also calmed after charting two consecutive days of gains. Bitcoin Steady Above $11K As reported yesterday, the primary cryptocurrency initiated an impressive leg up. Bitcoin went from about $10,900 to its new monthly high of nearly $11,500 […]

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Regulatory Clean-Up Can Be Good For The Crypto Market – Fundstrat Advisors

October 10, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Fundstrat Global Advisors has recently released a report backing the recent regulatory action in the crypto market. Fundstrat strategists – David Grider, Ken Xuan, and Tom Lee – wrote that regulatory clean-up is positive to ensure a free-market-oriented atmosphere in the crypto space. Regulators are active back again in the cryptocurrency market with a string […]

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Bitcoin Price Analysis: Only $1K To 2020 High – Can BTC Reclaim $12,500 Soon?  

Bitcoin Price Analysis: Only $1K To 2020 High – Can BTC Reclaim $12,500 Soon?  

October 10, 2020 , , , , , , Eddy 0

Bitcoin took a break from trading during the month of September, with relatively low volatility. As shown on the following 4-hour chart, the marked symmetrical triangle was basically the story of September: Started with a massive dump and a slow consolidation, since then, around $10,600. As can be seen below, Thursday signaled a breakout – […]

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Bitcoin Completes $1K 3-Day Increase to $11,500 (Saturday Market Watch)

Bitcoin Completes $1K 3-Day Increase to $11,500 (Saturday Market Watch)

October 10, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

After trading below $11,000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The altcoins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday. Bitcoin Breaks Above $11,000 Bitcoin was steadily increasing in the past few days […]

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Bitcoin in Spanish Parliament: All 350 ‘Deputies of Congress’ Are Now BTC Holders

Bitcoin in Spanish Parliament: All 350 ‘Deputies of Congress’ Are Now BTC Holders

October 9, 2020 , , , , , , , Eddy 0

As a part of an active Bitcoin and cryptocurrency education/awareness campaign, 350 members of the Spanish parliament (read deputies of Congress) have received a euro worth of BTC. This move mirrors the ‘Crypto for Congress Educational Initiative’ launched by the Washington-based Chamber of Digital Commerce to acquaint Members of the United States Congress with blockchain […]

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Bitcoin And Ethereum-Led Surge Triggers Altcoins To Flash Green

October 9, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Weeks after trading sideways, and sustaining multiple corrections along the way, the cryptocurrency market was flashing green. Bitcoin hit the long-awaited and the recently breached level of $11k on the 9th of October. Along with it, the major altcoins demonstrated solid gains as the global crypto market noted an uptick of nearly 4% over the […]

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BTC Above $11,000, On-chain Indicators Suggest Positive Trend in Mid-Term

October 9, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin (BTC) price is 4% up today crossing $11,000 in a market-wide recovery of the crypto market. At press time, Bitcoin is trading at $11,017 with a market cap of $204 billion. The BTC price gains are in line with the overall cryptocurrency market which is up 3.28%. The Bitcoin price surge comes just a […]

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Bitcoin Back Above $11K For The First Time In 18 Days: The Crypto Weekly Market Update

Bitcoin Back Above $11K For The First Time In 18 Days: The Crypto Weekly Market Update

October 9, 2020 , , , , , , , , , , , Eddy 0

Another week has passed, and it’s safe to say it was an intense one. First things first, the major headline is that the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of 100x Group, the parent company of BitMEX, with illegally running a derivatives exchange. Needless to say, BitMEX is one of the […]

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Crypto Price Analysis & Overview October 9th: Bitcoin, Ethereum, Ripple, Monero, & Bitcoin Cash

Crypto Price Analysis & Overview October 9th: Bitcoin, Ethereum, Ripple, Monero, & Bitcoin Cash

October 9, 2020 , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin Bitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday. BTC was trading at the 100-days EMA last Friday as it rebounded from here and started […]

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Bitcoin Hashrate Hits New All-Time High as Price Pushes for $11,000

Bitcoin Hashrate Hits New All-Time High as Price Pushes for $11,000

October 9, 2020 , , , , , , Eddy 0

Bitcoin’s hashrate, or computing horsepower, has hit its highest ever level indicating that the network has never been in better shape in terms of security. Hashrate High The new milestone of 170 exahashes per second was noted by on-chain analytics provider Glassnode which added that it is a 40% increase since the halving in May. […]

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