Cryptocurrency Analysis and News Portal
The credibility of Craig Wright – the Australian tech entrepreneur who controversially claims to be bitcoin’s pseudonymous inventor, Satoshi Nakamoto – has taken another blow. After a list of bitcoin addresses Wright had provided as being his holdings in an ongoing court case were briefly and “inadvertently” made public by plaintiffs
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Bitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of
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Bitcoin enjoyed an impressive rally over the past 60 hours. The flagship cryptocurrency rose by nearly 13%. The sudden upswing allowed it to jump from a low of $8,900 to test the psychological $10,000 resistance level.Throughout the upward move, over $23 million worth of BitMEX short positions were liquidated as
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After a multi-day consolidation around $9,000, Bitcoin is finally breaking out again. Thursday morning saw the cryptocurrency hit $9,400, revisiting the highs of last week as bulls step in.While the ever-important $9,400-9,500 zone has held as macro resistance yet again, the asset is coiling for a breakout. And according to
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The head of Hedge Fund Telemetry, Thomas Thorntown, has been extremely accurate at predicting Bitcoin’s tops and bottoms. By employing the Tom Demark (TD) Sequential indicator, the trading veteran has been able to forecast the direction of BTC’s trend.In mid-December 2019, for instance, while the flagship cryptocurrency fell below $6,500,
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Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that
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It’s not a secret that Bitcoin hasn’t done well over the past few days and weeks; since the weekend’s $9,200 peak, the cryptocurrency has lost nearly 18%, and since the $10,600 peak in February, BTC has shed over 25%. In the process of this brutal move, hundreds of millions worth
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Today’s crypto market carnage, which brought Bitcoin under $8,000 and Ethereum under $200, caught most off guard. Case in point: over $200 million worth of Bitcoin positions (mostly longs) were liquidated on BitMEX during the move, and likely many more millions were lost on leveraged altcoin positions too.There was one
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It goes without saying that Bitcoin’s price action over the past few weeks has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows.Unfortunately, the cryptocurrency is likely to retest $8,400 once
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Joel Kruger, currency strategist at LMAX Group, in December 2018 remarked that he expects for Bitcoin to end 2019 between $5,000 and $8,000. And that it did, with the cryptocurrency ending the year right around the upper-middle of that range in the low-$7,000s. The analyst recently sat down with cryptocurrency media outlet
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