Bitcoin’s price has been caught within a bout of range-bound trading throughout the past few days, with the support at $18,000 and resistance at $19,000, leading to the formation of a new and intense trading range. Its trend of trading sideways has greatly favored altcoin bulls, as Ethereum and many …
Read More »This analyst called Bitcoin’s new price high in 2020 three months ago
Preston Pysh saw “insane” gains for the rest of this year in August, with Bitcoin just $2,000 off record levels three months later. Source link
Read More »Big mining move: Bitcoin’s hash power increases 42% in two days
It appears many Chinese miners have completed their annual migration from Sichuan, with Bitcoin’s hash rate spiking more than 40% in two days. Source link
Read More »How the Vaccine News Might Change Bitcoin’s Attractiveness to Institutions
While the economy has been on thin ice, no asset has benefitted more from the post-pandemic “new normal” than Bitcoin. Fear of the uncertainty has caused demand to rise in the insurance policy against the unknown. But as news of a vaccine being 90% effective broke today, so potentially did …
Read More »Despite Drop From $16k High, Bitcoin’s Weekly Chart Is “Convincing”
Bitcoin has dropped since the highs of $15,975 set in the middle of last week. The price of the leading cryptocurrency currently trades for $15,200 but traded as low as $14,300 on Saturday. Despite the drop, analysts believe that the cryptocurrency remains on an upward path. They point to longer-term …
Read More »20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?
Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie …
Read More »Another Mysterious String of 1,000 ‘Satoshi Era’ Bitcoins Mined in 2010 Moved Today
On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a single block. **Update 10:20 a.m. EST: Seven hours prior on …
Read More »Here’s How Bitcoin’s Uptrend Will Likely Translate into the Next “Altseason”
Altcoins have been rocketing higher today as Bitcoin consolidates. This is the first time that altcoins have shown any signs of following in Bitcoin’s footsteps, as the benchmark cryptocurrency has been sucking all the oxygen out of the market over the past few days. Today’s altcoin market rally was likely …
Read More »Crucial On-Chain Data Shows Bitcoin’s Rally to $15k is Just the Start
Bitcoin has seen a strong surge over the past three weeks, moving from $11,200 to a high of $15,300. That is a 36.5% gain in the span of twenty days, making it the best-performing asset over that time frame. While some are expecting a retracement from here, on-chain data shows …
Read More »Here are 4 Reasons Why One Analyst is Shorting Bitcoin’s Latest Rally
Bitcoin has been falling within a consolidation phase throughout the past few days and weeks, with buyers and sellers reaching an impasse as it trades around $13,800 The rest of the cryptocurrency market has been declining throughout the past few days, with the DeFi sector being hit particularly hard This …
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