Bitcoin

The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from $66,000 back down to $60,000. This put a damper on the “Uptober” sentiment as selling pressure mounted. However, the weekend turned out to be bullish for the Bitcoin price and the pioneer cryptocurrency has moved into the green once again. This is good news for the price not just in the short term, but in the long term…

The Bitcoin price volatility is likely to surge in both directions following the recent approval of options for spot Bitcoin ETFs, according to Jeff Park, head of Alpha Strategies at Bitwise Investments. In an interview with Anthony Pompliano, Park explained how these newly available options differ from existing crypto derivatives and why they could significantly impact the Bitcoin market dynamics. Why Bitcoin ETF Options Are A Game Changer Park outlined a comprehensive thesis in the interview, noting, “Volatility is not…

Amid the Bitcoin gradual recovery in price, the asset seems to have been experiencing an interesting market trend lately, suggesting a shift in its supply distribution. According to a CryptoQuant analyst, who goes by the pseudonym ‘IT Tech,’ BTC’s recent price fluctuations have led to short-term holders (STHs), labeled as “weak hands,” exiting the market, potentially passing their holdings to long-term investors or “strong hands.” Short-Term Holders Exit Equals Market Opportunities The analyst’s post, “Weak Hands & Bitcoin Dips: Uncovering…

Last week, Bitcoin (BTC) experienced considerable volatility, climbing to a two-month high of $66,500 before falling back to a low of $59,500 at the end of the week. However, the leading cryptocurrency has resumed its upward trajectory, hitting $64,500 on Monday.  Higher Highs And Bullish Trends Crypto analyst Doctor Profit recently released a report commenting on the recent price movements, noting that Bitcoin has successfully printed a new higher high for the first time since reaching its all-time high (ATH). …

Data shows that the Bitcoin trader sentiment is currently neutral, a sign that investors are indecisive about the direction of the cryptocurrency. Bitcoin Fear & Greed Index Is Right In The Balance Right Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the Bitcoin and wider cryptocurrency markets. This index determines the sentiment by accounting for the data of the following five factors: trading volume, volatility,…

With the Bitcoin price pulling back slightly after a rejection at the 0.618 Fib, now might be the perfect time to explore some under-the-radar ICOs (Initial Coin Offerings). These early-stage projects offer unique opportunities to invest before broader market recovery occurs, allowing investors to get in on the ground floor of promising projects at lower prices.  The current market dip could present a window of opportunity for those seeking high future returns, especially if the overall sentiment shifts back to…

Everything is in place to commence the next phase of the crypto boom, and the investors are looking to spot the assets that will outperform Bitcoin (BTC) and Ethereum (ETH). Before BTC and ETH leave the stage, there are pools of underestimated yet value-loaded altcoins that can bring great returns in perspective. In this article, we will cover 4 of those cryptos that could well beat the reigning BTC and ETH in the near future with Rexas finance (RXS) being…

Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world’s largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800. BTC traders are awaiting the US Consumer Price Data, with a positive report likely to trigger a price rise.  Despite the volatility, an NYDIG report has revealed that BTC maintained its position as…

The Bitcoin price is once more threatening to roll over, having been rejected from a $66,500 local top last week. Enough buying to force the price up is still failing to materialise, and therefore price momentum continues to be generally weak. Does this herald yet another price dump to lower levels for Bitcoin? Seventh month of sideways price action for $BTC As Bitcoin enters its seventh month of sideways and downwards price action investors are no doubt feeling the doubt…