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“# Imploding Trump Pelosi COVID-19 deal leads to 3% Bitcoin price drop ” The price of Bitcoin (BTC) dropped 3% in less than three hours as the U.S. stock market plummeted. Following the pullback, most traders are neutral or slightly bearish on the short-term trend of BTC. Traders and on-chain analysts are now pinpointing $12,500…
“# Don’t expect another 2017-style altseason as Ethereum continues slump vs. Bitcoin ” While Bitcoin (BTC) is showing strength through new higher highs and making a new yearly high, Ethereum’s Ether (ETH) shows weakness, particularly the ETH/BTC pair. ETH weakness is also a clear indication that most altcoins are not showing strength either since they…
“# Market is proving Bitcoin is ‘ultimate safe haven’ — Anthony Pompliano ” Bitcoin (BTC) “could not be more uncorrelated” with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind. In a series of tweets on Oct. 26, the Morgan Creek Digital co-founder, also known as “Pomp,” took…
“# Highest weekly close since early 2018: 5 Bitcoin price tips this week ” Bitcoin (BTC) starts a new week still at $13,000 and wholly unfazed by problems in the global economy — what’s in store next? Cointelegraph takes a look at the potential issues at stake for Bitcoin in the coming days. Banks to…
“# Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween ” A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared. When an…
“# Bull or bear? Pros don’t care! Here’s 3 strategies every trader should know ” Those new to investing might think that professional traders spend the majority of their time staring at screens day and night in order to analyze the markets and pick the best trades but this could not be farther away from…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, XLM ” Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower. <p>Hot on the heels of Paypal’s crypto adoption, JPMorgan’s Global Markets Strategy division released a report detailing how Bitcoin…
“# 3 reasons Bitcoin suddenly dropped 3% in 1 hour and recovered ” Three factors likely triggered a quick decline in the price of Bitcoin (BTC) on Oct. 25. First, traders pinpoint the $13,300 to $13,500 area as a major resistance range. Second, futures and options markets are neutralizing. Third, weekend trading is seemingly amplifying…
“# Bitcoin breaking through $12K is huge but don’t expect higher prices before 2021 ” The previous week has been tremendous for Bitcoin (BTC) investors as price broke the crucial barrier of $12,000, culminating in a surge from $11,300 to $13,300, a rally of $2,000 within a week. A new yearly high was printed, while…
“# Gold ‘breaking down’ against Bitcoin is highly bullish for BTC — Analyst ” Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its perception as a store of value. In the past month,…