Cryptocurrency Analysis and News Portal
Bitcoin is maintaining its interim support level near $9,100, but an analyst expects the price to break bearish towards $8,500.The trader forecasted the downside move days after Bitcoin established a second-quarter top near $10,500 on June 1.The cryptocurrency has since accurately moved as predicted, further raising the possibility of a
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Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and stocks, this could leave BTC vulnerable for a pullback.KKM Financial managing director Dan Deming also warned that increased
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After holding in the low-$9,000s, Bitcoin finally saw a breakout recently.The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session. This was the highest BTC had traded in 10 days.Bitcoin’s strength came on a swath of positive news.Firstly, while
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Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor.In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—said Ripple has started to roll out its
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Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards
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After the $1,500 drop that Bitcoin sustained just the other day, analysts are reconsidering their bullish skew on the crypto market.One analyst went as far as to suggest that the cryptocurrency is poised to correct towards the $7,000s after seeing that harsh rejection above $10,000.The analyst in question predicted months
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[sociallocker id="55298"] Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network."As the venture firm’s general partner Katie Haun told Bloomberg in an interview published Monday, a16z expects money to become largely digital in 10 years, akin to music, books
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Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market.Arthur Hayes, CEO of the world’s second
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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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In less than two weeks, the Bitcoin block reward halving will take place and BTC miners will receive half the reward going forward after May 12. Since ‘Black Thursday’ (March 12), bitcoin prices have gained 103% since then rising from $3,800 to $7,750 per coin. With the halving fast
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