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“# Bitcoin price returns above $47K as crypto market shrugs off Binance KYC news ” Bitcoin (BTC) abruptly exited lower levels to challenge firm resistance on Friday in further inspiration for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin coils up beneath major sell wall Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# Cardano defies Peter Brandt’s 90% crash warning, ADA price doubles to new high ” Cardano’s native token ADA ignored a serious price crash warning to rally to a new all-time high. The ADA/USD exchange rate reached $2.56 for the first time on Aug. 20, following a 154.54% price boom that started on July 20….
“# American investors inclined to buy crypto with credit card, new study reveals ” As the crypto ecosystem continues to mature and go mainstream, a new study of Millennials has shown a change in investor sentiment and their spending habits. Surveying 1,000 American crypto investors, GamblersPick found that the average Millennial today holds a little…
“# Altcoins soar after Bitcoin price bounces off a key moving average ” The cryptocurrency market got off to a slow start on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put pressure on global financial markets, but momentum within the crypto market picked up in the afternoon session as Bitcoin (BTC)…
“# Bitcoin gains strength as Friday’s $600M BTC options expiry approaches ” In the past 7 days, Bitcoin (BTC) failed to break through the $48,000 resistance, but the price remained flat even as Minneapolis Federal Reserve chairman Neel Kashkari bashed the industry. During an appearance at the Pacific NorthWest Economic Region annual summit on August…
“# BTC price holds $44K support in ‘great sign’ for Bitcoin bulls ” Bitcoin (BTC) neared a critical breakout point on Aug. 19 as bulls sought to transform this week’s downtrend into a battle for resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers and sellers close in on BTC Data from Cointelegraph Markets Pro…
“# Sub-zero interest? GBTC hits biggest discount since May Bitcoin price crash ” Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) is trading at its biggest discount since the May BTC price crash. Data on Aug. 19 confirms that as BTC/USD trades near $44,000, GBTC shares are over 16.5% below spot price. Analyst: Grayscale…
“# New data suggests Bitcoin could see BTC price ‘double bubble’ top in 2021 ” Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests. In a tweet on Aug. 18, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the…
“# Quant, Arweave and Avalanche soar while Bitcoin searches for support ” The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains…
“# Bitcoin mining metric that has predicted every big BTC rally since 2020 is flashing again ” A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such…