Cryptocurrency Analysis and News Portal
Bitcoin (BTC) has chalked up a stellar price rally in the past two months, reaching 33-month highs close to $16,000.The uptrend began in early September after buyers bought a dip below $10,000, and gathered pace in the second half of October. Last week, prices reached a high of $15,971, a
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The Dow Jones climbed more than 300 points on Wednesday. Wall Street shrugged off some weaker than expected ADP jobs data. Economists at IG believe low rates and optimism are fueling the stock market’s disconnect from reality. The Dow Jones continued to rally mid-week despite a considerably worse than forecast ADP employment data.
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Macy’s stock rallied some 2.75% by midday Wednesday, only to pull back to 1% below the day’s opening price. At issue is stronger-than-expected online sales, but massive losses in the second quarter as the pandemic raged. Macy’s has to address a fundamental weakness in its competencies: Online should not be less profitable
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Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC has since continued on its rally, currently sitting
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It’s been a quiet past few weeks for Bitcoin.After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s.Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500
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Bitcoin’s recent consolidation has thrown most investors for a loop: the majority aren’t too sure what comes next for the cryptocurrency market.Some, though, have made progress in discussing the recent price action. One analyst observed that stepping back and looking at BTC’s medium-term price action, the past three months look
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With Bitcoin failing to break past the highs it established earlier this year, there have been some commentators seriously considering a steep correction.Ross Ulbricht, the founder of the Silk Road and one of the cryptocurrency’s earliest adopters, postulated that there’s a serious chance Bitcoin could revisit the $3,000s and maybe
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It’s been a volatile past few weeks for Bitcoin.Last week, the cryptocurrency traded within a $2,000 range, rallying as high as $10,400 before plunging to $8,600 in a massive liquidation event that wiped out over $100 million worth of positions.On a smaller scale, Bitcoin has seen rapid $100-300 swings multiple
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After rallying as high as $10,400 earlier this week, Bitcoin plunged by nearly $2,000 in 24 hours on BitMEX. It was a move that liquidated over one hundred million worth of derivatives positions.Analysts were quick to respond to the move with expectations of downside in the crypto market. One trader
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The Dow Jones secured a spectacular advance in the first session of the holiday-shortened trading week. Wall Street enjoyed sturdy housing market data, though consumer confidence undershot expectations again. Dow bulls continue to trust that Donald Trump is bluffing about getting tough on China. The Dow Jones opened with
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