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“# Bitcoin price nears $36K as altcoins make 10% gains ” Bitcoin (BTC) tackled resistance at $35,000 on June 29 as upward momentum began to resurface throughout cryptocurrency. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price targets range high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting 24-hour highs of $35,780 on Bitstamp…
“# Active Bitcoin miners now ‘unlikely’ sellers thanks to profit boost — data ” Bitcoin (BTC) miners are “unlikely” to pressure BTC price by selling coins in the coming weeks, new data says. As part of its latest weekly report, The Week On-chain, analytics resource Glassnode sought to allay fears of another large miner sell-off….
“# Bears back off, but Bitcoin price still wavers below $35K ” Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level. Data from Cointelegraph…
“# Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process. A sign of this…
“# Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’ ” The cryptocurrency market found itself in a state of cautious optimism on June 28 after Bitcoin (BTC) price briefly spiked above $35,500, renewing hopes that the bull trend will resume shortly. Despite the bullish move, some analysts have warned that the…
“# Bitfinex shorts crumble, bears capitulate after Bitcoin holds above $30K ” On June 25, the amount of Bitcoin (BTC) margin shorts at Bitfinex increased by 22,000, equivalent to $726 million. At the time, Cointelegraph reported that there was a significant increase in Bitfinex’s spot volume market share starting at 9 am UTC, matching the…
“# Internet Computer (ICP) logs revenge recovery after crashing 95% since launch ” Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday. The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile,…
“# Crypto miner Hut 8 plans to hold 5K Bitcoin by 2022 ” Toronto-based crypto mining firm Hut 8 said it plans to increase its self-mined Bitcoin holdings based on its expectation it will be able to expand its hashrate by 400%. According to a Monday announcement, Hut 8 said it expects to hold 5,000…
“# Bitcoin short-term setup is challenging, JPMorgan strategists warn ” Bitcoin’s (BTC) weekend dance between $30,000 and $34,000 seems to strengthen the short-term uncertainty narrative, as JPMorgan strategists believe the cryptocurrency market is not yet healthy. A Friday note from the JPMorgan Chase team suggested that the near-term setup for Bitcoin still looks challenging. Based…
“# Biggest ever mining difficulty drop: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week with a key weekly close under its belt and everything to play for — can it hold higher? After the weekend saw moderate volatility, including a retest of $30,000 support, BTC/USD is back above…