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Posts Tagged ‘BITCOINS’

Bitcoin’s Share of the Crypto Market Is Nearing a 3-Month High

Bitcoin’s share of the cryptocurrency market hit an 11-week high on Thursday, market data shows. Data from CoinMarketCap reveals that bitcoin’s dominance rate reached 55.38 percent on Dec. 6, which is its highest level recorded since Sept. 20. At press time, that figure is hovering around 55.1 percent.  The dominance rate is a metric used…

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When Bitcoin’s Price Breaks Down, It Follows a Pattern

When trying to predict the future price of bitcoin, it’s impossible to do so without first looking at its past. No matter how it’s examined, the cyclical nature of bitcoin’s price action can’t be ignored especially when considering its notorious “boom and bust” cycles. If the latest plunge below the long-lasting support level of $6,000…

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Capitulation? Bitcoin’s Price Dropped 36% in November

Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated. The largest cryptocurrency by market capitalization is currently trading at $4,000 – down 36 percent from its monthly opening price of $6,318 – according to CoinMarketCap data. That drop marks the biggest monthly…

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Back Over $4K: Bitcoin’s Price Bounce is Gathering Pace

While the bitcoin (BTC) market is still predominantly bearish, seller exhaustion near $3,500 may be paving the way to stronger corrective bounce. The largest cryptocurrency by market capitalization printed a 14-month low of $3,474 on Monday, having revived the long-term bear market with a convincing move below the crucial 21-month exponential moving average (EMA) support…

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ICE Founder: ‘We’re Kind of Agnostic’ on Bitcoin’s Price

“We’re kind of agnostic on price.” That’s Jeffrey Sprecher, the founder, chairman and CEO of Intercontinental Exchange (ICE), speaking during a panel discussion at CoinDesk’s Consensus: Invest conference on Tuesday. Sprecher appeared with Kelly Loeffler, the CEO of Bakkt, the bitcoin futures platform backed by ICE that is gearing up for a planned launch early…

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$4.6K: Bitcoin’s Price Revival Has a New Target

Bitcoin’s (BTC) stalled recovery rally could kick off again if prices manage to beat new resistance above $4,600. The leading cryptocurrency by market valuation picked up a bid after hitting 14-month lows near $4,000 on Wednesday, possibly due to record oversold conditions reported by the 14-day relative strength index (RSI). The corrective rally, however, seems…

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Bakkt: ‘Bitcoin’s Profile Creates a Liquid Product on Which to Build’

Bakkt says Bitcoin’s status as a commodity, as well as its high customer demand, are the primary reasons for choosing to begin its cryptocurrency futures trading with Bitcoin. Meanwhile, the platform recently postponed the launch of its BTC futures contract to January 2019. Bitcoin is King In a tweet published on Wednesday (November 21, 2018),…

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In First Since 2015, Bitcoin’s Price Is Testing a 200-Week Average

The pace of bitcoin’s ongoing sell-off is setting new records with every passing day, the latest being its test of a key long-term moving average for the first time in three years. Indeed, the world’s most valuable cryptocurrency network fell below its 200-week exponential moving average (EMA) of $4,180 yesterday, marking the first break of…

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Ripple Price Analysis: Will XRP Eventually Usurp Bitcoin’s Throne?

Yesterday XRP overtook Ethereum and claimed the #2 spot on CoinMarketCap. Is Bitcoin next? Market Overview It’s too early to determine whether the market has ‘recovered’ from yesterday’s unannounced slaughter. Despite this, analysts and savvy traders will be looking to see if any altcoins set a precedent by dislodging from the downturn caused by BCH…

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