Bitcoin

The BTC price traded over $6400 support area yesterday.  Eventually, the price brook above the $6800 resistance and settled above 100 hourly simple moving average (SMA). However, the bulls are struggling near the $7000 resistance area to push the price higher. With resistance near $7000, a double top pattern is likely forming on the Bitcoin price chart. What the BTC Price Chart Reveals A daily high formed near $6989, and currently, the price is correcting lower. There is a break…

Many stock markets across the world may likely close due to the recent pandemic. BTC could save the financial world after the current crisis comes to an end. It has survived any shutdowns caused by the Coronavirus. The cryptocurrency market runs throughout, setting it apart from any other financial market. Famous crypto trader Dan Hedi revealed via a tweet that Bitcoin could be one of the last assets still trading despite growing market turmoil caused by Coronavirus. News media worldwide…

On March 20, 2020, reports show that Senator Kelly Loeffler, the founder, and CEO of Bakkt exchange, was involved in possible insider trading as per a 20th March 2020 report. The senator dumped most of her stocks shortly before the latest market crash  The disruption of global markets and daily life appears to have been a beforehand knowledge to the Trump administration before going public. A secret senators meeting may have been instrumental in briefing them on this. Interestingly, the…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $169 billion. Bitcoin recovers from the Covid-19 blow and ends the week trading above $6,000 Ethereum restarts its ascent towards the $135 resistance level. XRP ends a rough week to trade again at around $0.15 on Sunday Governments everywhere announce economic stimulants to prevent entire industries from a complete shutdown. Covid-19 spreads further and…

The BTC prices have experienced an upside correction during the past week after forming a decent support base over $4,000. The correction earmarked a price gain momentum above the $4,500 mark trading at above the $5,000 level of resistance. The coin experienced a break above the initial $5,500 resistance, causing a surge above the $6,000 mark. The price surge however hit a snug at the $7,000 resistance level and the 4 hours 100 simple moving average. A new weekly high…

The coronavirus COVID-19 has been a global news topic for the past few months. The disease, which was first reported in the Wuhan region of China on 31st December 2019, has spread quickly across the globe, prompting the World Health Organization to declare the disease a pandemic.  As is expected, the global pandemic has had adverse effects on various industries around the world. The crypto sphere has, unfortunately, not been spared. Seeing as the occurrence is the first of its…

Over the past few days, Bitcoin experienced poor performance as its price plunged to $3800 on March 12th. However, the bulls started to rally the next day slightly, when the BTC price rose to $5000 and further managed to hit a high of $5900 as traders picked up the pace. Many crypto analysts, however, believe that Bitcoin will recover in the coming days. Top Analysts’ and Crypto traders’ Views on Bitcoin Prices Flib Flib, a very experienced crypto trader, anticipated…

“Don’t get in, it’s a scam”    “You’ll lose a lot of money”    “The market is too complex” These are just some of the comments people get daily when discussing the cryptocurrency market. People worldwide consider the crypto space a money-losing machine, something too complex to understand. If you want to lose money, there are thousands of other ways than just the crypto market. But if you can understand the technology, why it is essential, and what the future can…

On March 12, 2020, many crypto exchanges saw the BTC crash to a daily low at around $3,800, after which it rapidly recovered to above the $4K level.  On Coinbase exchange, the highest-ranked crypto worldwide dropped to a daily low at $3,858, while on Bitfinex, it stood at $4,001.  The last time BTC prices plummeted to below $4K was in mid-2019, so this time the cryptocurrency fell to its lowest level in over a year. The Crypto Space’s Unknown Fate …