Cryptocurrency Analysis and News Portal
Bitcoin has once again flatlined.After failing to surmount $9,500 this last week, the cryptocurrency has settled back down to the $9,200-9,300 region. Analysts remain divided over which way a breakout will take BTC, evidenced by the overall neutral funding rates on futures exchanges.Chart of BTC's price action over the past
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When I began to get interested in trading, about 20 years ago, I read many books on the topic. One day, I saw: “In order to make money in the markets, the importance is not to lose.” Duh! — did I tell myself while reading… only later to discover the
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The options market is becoming a prominent part of Bitcoin’s ecosystem, with the total open interest seen across all platforms rocketing higher in recent times.Late last month, the benchmark digital asset saw its largest options expiry ever, with nearly $1 billion worth of monthly and quarterly contracts expiring on a
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Bitcoin chalked out minor price gains on Sunday, ending its longest run of daily losses for half a year. The leading cryptocurrency by market value jumped 1.2%, having suffered losses in each of the preceding five days, according to CryptoX’s Bitcoin Price Index. Prices last took a beating for five
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Over the last few years, I gained over $12 million dollars investing in cryptocurrencies. I did not take a single profit until they maxed out at a hundredfold at the very peak of the market in December 2017. The timing was perfect, I nailed it. However, I only took a
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Quick take:All bets are on Bitcoin either retesting its $9,300 support or losing it completely. BTC dropped below this support zone on the 11th of June. One bearish scenario sees Bitcoin retesting $8,000 or even $7,000. The weekly close is once again knocking on Bitcoin’s doors with the King of Crypto currently trading
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In brief: Bitcoin’s journey above $10,000 has been hammered down three times.On a macro level, this forms a classic Triple top that could lead to lower levels as cautioned by Mr. John Bollinger. BTC losing $9,300 will probably open the doors to lower levels below $9,000. The month of June has seen Bitcoin
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Warren Buffett’s top holdings have suffered tremendous losses this year. The Oracle of Omaha should consider cutting his losses to free up capital. He can use the available money to invest in the future. Warren Buffett, the greatest value investor, has lost tens of billions of dollars amid the global pandemic. He needs
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In a May 28 virtual roundtable before the congressional Subcommittee on National Security, International Development and Monetary Policy, witnesses and congresspeople alike feared that they are not keeping up with criminals hacking the financial system.Criminals have better resumes than government agentsOne witness, Guillermo Christensen, a partner at law firm Ice
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Heavy losses are rocking alternative crypto-asset funds at Pantera Capital, one of the oldest cryptocurrency investment managers, and providing stark contrast to its bitcoin fund’s gains.Pantera Capital’s flagship bitcoin fund – a fund holding bitcoin (BTC) since 2013 and bitcoin cash (BCH) since 2017 – lost 75.6% in 2018 and
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