Despite the surge over the past few weeks, not all analysts are convinced Bitcoin is in a full-blown bull market. There remain commentators who argue that this move may just be a range deviation before a move back to the $9,000s, then lower. Stepping back, an analyst has found that Bitcoin’s chart looks structurally similar
Month: July 2020
A Bloomberg article claims that Americans are foregoing the safety of the dollar for more speculative assets like stocks, gold, and Bitcoin (BTC). High saving rates, low yields Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. The yield offered by the financial institutions on savings accounts,
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Bitcoin’s uptrend has halted after staging a 12 percent bull run earlier this week. The cryptocurrency now expects to neutralize its overbought status with either a consolidation or a correction. Meanwhile, a set of technical indicators shows a bullish scenario, noting that Bitcoin could continue its rally upwards towards $14,000. Bitcoin rallied by almost 12
Podcaster Joe Rogan used the first few minutes of a recent episode to read out an advertisement for his sponsor Cash App and to tell listeners to buy Bitcoin. On Episode 1515 of the Joe Rogan Experience released on July 28, Rogan adopted his customary tone used to plug advertising sponsors — including Cash App
In this video I go through my top 3 picks for August 2020 we also look at a bonus pick that I think we all need in our portfolio’s! With another big package on the way what will happen?We look at the Market using analysis, These 3 investments I believe are very solid picks! Cardano,
Bitcoin has seen extremely strong performance over recent days, rallying 20% over the past seven days. As of this article’s writing, BTC trades at $11,250, slightly below the local high of $11,500 and above the Tuesday low of $10,600. The asset remains below crucial macro resistance levels despite the breakout. BTC needs to extend higher
Retail traders on Robinhood have been increasingly seeing “fear of missing out” or FOMO rallies around certain stocks. The latest beneficiary has been the stock price of the renowned camera manufacturer Kodak (KODK) whose stock surged from $2 to $60 in one day. Therefore, given the current climate of economic uncertainty and “infinite QE,” if
Bitcoin leaped over the $11,000-level Monday for the first time since August 2019. The rally appeared as a weakening dollar injected new buying momentum in the safe-haven assets. Josh Rager, the co-founder of Blockroots, stated the latest jump should lead Bitcoin to an all-time high after recalling a similar move from 2019. A flurry of
Crypto terrorists threatened to bomb a government office on the Japanese island of Hokkaido. They told authorities that they would only disable the alleged explosive device if their crypto ransom was paid. According to FNN, the terrorists sent the Numata Town Hall an email stating they had installed a bomb in a women’s second-floor toilet.
What is best cryptocurrency to buy in 2020? Should I invest in Bitcoin now 2020? Today we discuss how I would invest $1000 in cryptocurrency today! Here are some cryptocurrency tips, top altcoin picks, and bitcoin investment strategies for you! For more tips and cryptocurrency news be sure to click Like, Share and Subscribe! Altcoin
Bitcoin has stagnated after surging as high as $11,500 on Monday. As of this article’s writing, the asset trades for $10,950 — just under 5% below the local high. Analysts remain optimistic about BTC, arguing that the asset is poised to rally further in the days ahead. One trader is predicting that Bitcoin could hit
Bitcoin price pumped this week to above $11,400 in an explosive 14% intraday move. However, the rally being so powerful may have more to do with the dollar’s weakness, and less due to strength in Bitcoin. And if the dollar reverses sharply from here, it could cause a corresponding correction in the cryptocurrency. Precious Metals,
Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul. 28 with 11,506 contracts — an increase of 85% over the previous record. The
Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC has since continued on its rally, currently sitting at $11,000. USDT Exchange inflows.
Cryptocurrencies might be one of the best investments right now. With everything going on in the world, does a currency independent of governments and central banks now make sense? Can cryptocurrencies become safe havens for investors in troubled times? With Bitcoin’s current price, could it even outperform the king of safe havens, GOLD? Real Vision
Bitcoin has faced a rejection after surging as high as $11,500 on Monday. As of the time of this article’s writing, BTC is at $10,800. Analysts remain optimistic despite this drop from the local highs, arguing that the bearish market structure that persisted last week is now broken. One macro analyst says that if Bitcoin
Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394. At the time of publishing the price has pulled back slightly to the $11,150 range but purchasing volume continues to rise on the 1-hour timeframe. This suggests
Just minutes ago, Bitcoin pierced the crucial $10,500 level for the first time since rallies earlier this year. The level is of utmost importance for BTC bulls as previous bull trends ended at $10,500. Bitcoin’s strength comes as altcoins have crashed across the board, potentially giving validity to the ongoing uptrend. Analysts, from those on
The Coinist Podcast is the best place to hear from top funds, traders, key analysts, and insights about the crypto market. The guest for this episode is Mike McDonald. We talk about his trading approach to the Defi crypto hype, a crazy Bitcoin bet for making basketball free throws, the $2Million trading competition, and more.
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