Cryptocurrency Analysis and News Portal
During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH)
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Shares of crypto miners, which have the highest correlation to the bitcoin price, started November on a bullish tone, tracking gains in the price of the largest cryptocurrency. Bitcoin climbed above $64,000 on Nov. 2, after exiting October near $60,000 levels. Ether, the native token of Ethereum, also rallied to
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Bitcoin (BTC) is in line for a continuation of its bull run, fresh analysis says, as BTC/USD retains its 2.2% daily gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$62,500 eyed for BTC price bounceAs data from Cointelegraph Markets Pro and TradingView tracks Bitcoin’s best day for a week, confidence in higher levels
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Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year.According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry.Hash rate recovers the dipFive months since the
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Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewETH all-time high? Blink and you'll miss itData from Cryptox Markets Pro and TradingView ETH/USD just match its record $4,380 on Bitstamp before seeing a
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Bitcoin (BTC) failed to beat its all-time highs on Oct. 20, but a separate record kept bulls confident of a breakout.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin hits new all-time high against euroData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $64,490 on Bitstamp overnight.While inches from matching April’s peak,
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Optimism is bordering euphoria in the cryptocurrency market after a trove of documents pointed toward the eventual approval of Valkyrie’s Bitcoin (BTC) exchange-traded fund, or ETF, application by the United States Securities Exchange Commission before the end of the month. Data from Cryptox Markets Pro and TradingView shows that price action for
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Bitcoin has once again cleared expectations for the month of October. The price of the digital asset had grown from its $40K lows to over $57K at the time of this writing. Its recovery trends have put it on a path of least resistance towards the previous $64K all-time high.
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Anyone paying attention to Bitcoin in the past months will notice a subtle, but importance change in its fundamentals. As BTC’s price made its way back to May’s high, just before the first capitulation event, there was an uptick in on-chain activity. Related Reading | On-Chain Data Shows Bitcoin Miners Hold
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With a 31.6% profit in the weekly chart, Bitcoin has been retaking his mantle as the king of the crypto market during the past days. The first cryptocurrency by market cap has been moving to the upside with a strong conviction and seem poised to retake its previous highs. Related Reading
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