Cryptocurrency Analysis and News Portal
The past few days have seen Bitcoin stagnate into a tight range between $9,300 and $9,500. This is part of a wider two-month consolidation that has seen BTC’s price action tighten under the crucial $10,000 resistance.The cryptocurrency market has been so “boring” that as NewsBTC reported previously, volatility is heading
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The last few days have been quite dramatic in the cryptocurrency industry, for Bitcoin to Cardano.On Monday, Bitcoin sliced through the $10,000 resistance level for the first time since the beginning of the year.Following the upswing, some of the most prominent analysts in the industry affirmed that the increasing rift
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After a relatively long stagnation phase, volatility has returned, and Bitcoin has done nothing but shoot up. Several indexes suggested that a price breakout was imminent. But nobody would have thought that the $10,000 resistance level will break so easily.The recent price action sent investors and market participants alike into
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Economic growth, jobs, and spending are slowing down, posing a threat to the U.S. stock market. Economists warn a -4% economic growth rate in 2020, down from -0.2% in March. Fear of missing out (FOMO) is leading the ongoing rally, but gloomy data shows it may be short-lived. Three
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The Ethereum developer community is nearing the launch of Ethereum 2.0, a major multiyear milestone for the blockchain network. Ethereum 2.0 will mark the start of a shift from the miner-reliant proof-of-work consensus algorithm to a proof-of-stake algorithm. In a PoS system, miners are not needed to mine blocks and
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Within the last hour Bitcoin (BTC) price dropped to $8,840. The drop came with less than 8 hours left before the weekly close.A confluence of miners selling more BTC than they mine, Bitcoin recording 6 consecutive lower highs, and the retest of the $8,800 support leaves BTC vulnerable to a
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Most of the top cryptocurrencies by market capitalization have been able to outperform Litecoin since March’s Black Thursday.Since then, Bitcoin and Ethereum are up by more than 130%. Even XRP has been able to recover most of the losses incurred during the marketwide meltdown as it rose by nearly 88%.
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While Bitcoin has seen its fair shares of rallies and crashes since the 2017 highs of $20,000, the cryptocurrency has not yet entered its fourth macro market cycle. Though a crucial on-chain indicator signals that this is changing.Related Reading: There’s an Unexpected Silver Lining to J.K. Rowling’s Bitcoin TiradeBitcoin on
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Bitcoin has been going wild over the past few hours. Its price surged rapidly towards $9,900, but an internal issue on BitMEX caused this platform to go down affecting the flagship cryptocurrency.Following the incident, Bitcoin took a 3.5% nosedive erasing the gains made today.Data from Datamish shows that $11.4 million
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Bitcoin (BTC) price lit up today, rallying 5.78% to a daily high of $9,398 before pulling back to consolidate in the $9,300 range. The strong upside move pushed the top ranked digital asset on CoinMarketCap through the $8,800-$8,930 resistance zone. Since the halving day correction dropped the price to $8,122, Bitcoin
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