Category Archives: bitcoin price

Bitcoin Rebounds from Midweek Lull as Bulls Eye a Return to December Highs

Bitcoin’s price rebounded Friday, as the bulls continued to target a return to December highs – a move that would put the digital currency on track for a bigger short-term rally. BTC/USD Update Bitcoin was last seen trading hands at $4,065.10 on Bitfinex, having gained 1.4%. On Thursday, the digital currency peaked at $4,175 before […]

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Return of the Bitcoin Maximalist? Crypto Winter Luring Even More Institutional Capital than Before

Bitcoin’s price crept higher on Saturday, as the leading digital currency found renewed support near $3,600 following a week of mostly tepid moves. Although the bear market is showing little signs of letting up, Grayscale has declared the return of the ‘bitcoin maximalist’ following a dramatic surge in investments during the fourth quarter. Could this […]

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Bitcoin’s Range-Bound Consolidation Continues; Bearish Breakdown Eyed

Bitcoin (BTC) was little changed on Friday, as prices continued to languish near two-month lows following a sizable correction at the beginning of the week. Since the hard fall on Monday, the leading digital currency has shown little signs of recovery as the bears continue to eye the December 2018 low. BTC/USD Update The bitcoin […]

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Bitcoin Unable to Break Mundane Trading Range as Bearish Grip Tightens

Bitcoin drifted slightly lower on Monday, as the bulls struggled to break a mundane trading range that has kept prices capped below $3,500. BTC/USD Update Bitcoin drifted within a narrow range at the beginning of the week, with aggregate prices fluctuating between $3,442.59 and $3,483.69, according to CoinMarketCap. At the time of writing, the BTC/USD […]

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Bitcoin Volatility Recedes as Bear Market Reaches 411 Days

Bitcoin’s trading range continued to narrow on Saturday, as the leading digital currency endured its longest bear market in history. BTC/USD Update From peak to trough, bitcoin’s price fluctuated within a $34 range on Saturday, according to aggregate data provided by CoinMarketCap. At the time of writing, bitcoin was averaging $3,478.58, where it was little […]

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Bitcoin Trapped Under Bearish Pressure; Further Losses Eyed

Bitcoin’s price held lower Tuesday, as the technical tug-of-war between the bulls and the bears continued to favor the latter following the biggest one-day drop in three weeks. BTC/USD Update After reaching a low near $3,350 at the beginning of the week, the bitcoin price has recovered only modestly. The leading digital currency was trading […]

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Global Crypto Market Drops 5.4% in Hours; Stellar (XLM) Losses Plumb New Lows

The global cryptocurrency market sunk 5.4% in just over twelve hours leading into Monday morning, and gave up $6.5 billion of its total value in the process. Bitcoin returned to the $3,400 range – a mere $200 drop from the most recent bottom of $3,200 achieved towards the end of 2018. As expected, the majority […]

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Bitcoin Risks Bigger Pullback as Prices Fall to Six-Week Low

Bitcoin pivoted south on Monday, falling to the lowest level since mid-December as bearish forces reasserted their control. Hard Fall The bitcoin price plunged to a low of around $3,350 on Monday, as the carnage quickly spread to altcoins and tokens. The sudden move lower shaved more than $6 billion off the combined cryptocurrency market […]

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Altcoins TRX, BNB and Holo Fight to Hold on as Crypto Market Sinks $3.6 Billion

The global cryptocurrency market lost $3.6 billion in the previous twenty-four hours, while recent gainers Tron (TRX), Binance Coin (BNB) and Holo (HOT) attempted to continue pushing upward. A short flash dip on Sunday morning saw the global market cap drop from $121.7B down to $118.1B, returning the price of Bitcoin to the $3,570 range. […]

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Is Bitcoin Influencing Demand for Gold?

Despite being a non-correlated asset, bitcoin’s influence on the broader financial system is only now starting to be understood. According to Jan Van Eck, CEO of VanEck Associates, demand for bitcoin could partly explain gold’s price behavior over the past two-and-a-half years. Bitcoin and Gold: Demand Drivers Bitcoin’s year-long bear market may have shined the […]

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10 Reasons Why Bitcoin WILL Go to Zero: A Pessimist’s View

The Davos Conference threw up a wide variety of Bitcoin price predictions this week, ranging from the hopeful to the apocalyptic. A recent article on CCN suggested 10 Reasons Why Bitcoin Will Never Go to Zero, and while I don’t necessarily disagree with the points made, I thought I’d take upon the role of devil’s […]

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Bitcoin Turns Defensive Following Sunday Slide; Binance Euro Platform Sees “Huge” Demand Amid Brexit

Bitcoin traded within a narrow range on Monday, after a sharp and sudden reversal during the previous session dragged prices back toward $3,500. The largest digital currency by market capitalization faces renewed headwinds in the wake of yet another failed attempt to break through the $3,700-$3,800 range. BTC/USD Update The bitcoin price slipped 0.4% on […]

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Return to $100 Billion Awaits as Crypto Market Loses $5B in One Hour

The cryptocurrency market lost $5 billion worth of value in fifty-five minutes on Sunday, as Bitcoin once again dipped into the high $3,500 range. The entire stack of cryptocurrencies appears to be on dangerous footing, and despite miraculous growth recorded by various altcoins in recent weeks, one gets the feeling that a return to a […]

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