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The crypto market may finally see a Bitcoin ETF approval, although regulators need more time. “We think a Bitcoin ETF is a matter of when, not a matter of if,” Grayscale Investments managing director, Michael Sonnenshein, told Morgan Creek Digital co-founder Anthony Pompliano in a July 15 interview. “The regulators have
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With Bitcoin trading sideways for so long and volatility dropping to such uncharacteristic lows, crypto analysts are watching the Bollinger Bands closely. Even the tools creator has since spoken out about the current price action in BTCUSD. In the past, when he speaks, a major move often follows. Is it once
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Bitcoin is facing an uphill task near $9,300 and $9,400 against the US Dollar. BTC seems to be preparing for the next big move either above $9,400 or below $9,000.Bitcoin is stuck in a broad range above the $9,120 support zone.The price is struggling to clear the $9,300 and $9,400
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It may seem like a cliche at this point but Bitcoin’s volatility levels are extremely low. This is a byproduct of BTC’s price action over the past few weeks, which has been deemed “boring” by most traders.With volatility continuing to decline, though, analysts are coming to the conclusion that a
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Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s.Source: blockchain.comSignificant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin
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Over the past few weeks, many analysts have questioned if Bitcoin is really on the verge of a bull market.After a strong rally in March, April, and May, the cryptocurrency sustained a heavy rejection at $10,500 at the start of June. Bitcoin’s inability to cross $10,500 has been seen as
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by Jay Hao, When I woke up earlier this week, I received many messages from my friends, who told me, “Stocks have skyrocketed.
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A rising tide in equities is lifting all boats – including in the bitcoin market. Bitcoin (BTC) is trading around $9,295 as of 20:00 UTC (4 p.m. ET), gaining 2.7% over the previous 24 hours.Bitcoin’s 24-hour range: $8,938 - $9,345BTC above 10-day and 50-day moving average, bullish signal for market technicians.Bitcoin
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Quick take:Bitcoin has once again regained a sense of bullishness with a quick move above $9,300. Only time will tell if this move will lead to a retest of $10,000. Bitcoin’s volatility is still low and the last time it was at this level, was November 2018. Back then BTC fell from $6,600
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For the past few weeks, Bitcoin analysts have observed extremely low volatility in the nascent cryptocurrency market.Nothing shows this inaction quite as well as the chart below from Blockroots founder Josh Rager. It shows that for the past eight weeks now, BTC has been trapped in a ~15% range —
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