Cryptocurrency Analysis and News Portal
While there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly.This episode is sponsored by Nexo.io.Today on the Brief:Home sales up, home supply downBiden’s first test on the stimulusEuro pessimism Our main discussion: Why the bitcoin dip wasn’t caused by FUD. Anyone paying
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In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down. Currently the
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Bitcoin (BTC) saw its most successful recovery in history on Jan. 12 after testing $30,000 support, but market participants are already suspicious.Data from Cryptox Markets and TradingView followed Bitcoin as it swiftly bounced off lows of $30,250 late on Monday to seal 20% gains in just over 12 hours.Guggenheim sell
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Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per BitcoinCEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition
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Bitcoin blasted from $10,000 to just under $20,000 in just a few months, sans any significant correction. And
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Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage. Daily cryptocurrency market performance. Source: Coin360As the price of Bitcoin (BTC) dropped precariously close to a large CME gap at $17,000, Ether (ETH) price fell below the 20-MA to $529. At this level,
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Quick take:Crypto traders and investors have been expecting Bitcoin to dip to $16k or even $14kBitcoin’s social volume continues to be highThe Fear and Greed Index is at 95 for a second time in a weekHowever, on-chain fundamentals continue to be strong and a dip might have to waitBitcoin’s weekly
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An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners. The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from
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Bitcoin has undergone a strong rally over the past few days as the coin has continued to see
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Yearn.finance’s YFI token is trading up significantly today, with bulls aiming at providing the cryptocurrency with a strong
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