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Bitcoin Consolidating Means a Big Move Following?

Bitcoin Consolidating Means a Big Move Following?

  For the past four days, Bitcoin had been consolidating in a very narrow range, communicating that market participants may be gearing up for a new potential big move. It’s still unclear the dominant direction will be bullish or bearish, given a series of mixed factors. The US SEC had

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Bitcoin Drops as the SEC Puts Cold Water on ETFs

Bitcoin Drops as the SEC Puts Cold Water on ETFs

  On September 9th, the Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke with CNBC’s Bob Pisani and one of the main subjects had been the issue of Bitcoin-related ETFs. After losing momentum due to the latest comments from the Fed’s Chair during a Swiss forum, Bitcoin continues to

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Bitcoin Bounces After Positive ETF News

Bitcoin Bounces After Positive ETF News

  The Bitcoin price is back above $10,000 as a new wave of optimism seems to support bullish momentum. July and August had been the worst months of the year for the most popular cryptocurrency since sellers regained control over the order flow and drove Bitcoin from near $14,000 towards

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Bitcoin Volatility Drops Towards the June Lows

Bitcoin Volatility Drops Towards the June Lows

  Following a very active first month of the year, when Bitcoin surged towards the $14,000 area then dropped towards $9,000, volatility had gradually begun to weaken, communicating that we should expect to have a calm end of the summer, with the most popular cryptocurrency unable to break any new

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Bitcoin Rises as Bakkt Gets Approval from the CFTC

Bitcoin Rises as Bakkt Gets Approval from the CFTC

  We’re only at the beginning of the week and the Asian session had been active and positive for Bitcoin, as it jumped $500 following news of the Bakkt platform finally launching Bitcoin futures contracts. ICE had struggled to launch Bitcoin futures for months, as regulatory procedures with the CFTC

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Bitcoin and Gold March Higher Together in 2019

Bitcoin and Gold March Higher Together in 2019

  The idea of “digital gold” is again attributed to Bitcoin, given that it managed to rally in tandem with gold this year, despite fluctuations in global risk sentiment. Even though billionaires like Mark Cuban already mentioned that they “see Bitcoin and Gold as the same thing”, is it really

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Bitcoin Price Gets Squeezed Towards Key Support Area

Bitcoin Price Gets Squeezed Towards Key Support Area

  Things had changed dramatically for Bitcoin after the price broke below the 4h chart 200 moving average. Buyers had been unable to break back above the MA, despite a strong short-term bullish move and now it looks like they are being squeezed by the sellers towards a key support

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Bitcoin Drops 25% in a Week as Sentiment Slumps

Bitcoin Drops 25% in a Week as Sentiment Slumps

  After a very impressive month of June, when Bitcoin managed to reach levels not seen since early 2018, the market sentiment seems to have taken a completely opposite direction in the past week, as the issue of cryptocurrency regulation returned into the spotlight. New US Congress hearings For the

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Trump Trashes Bitcoin, Praises the US Dollar

Trump Trashes Bitcoin, Praises the US Dollar

  The list of Bitcoin critics added a new important name on Thursday, following the latest series of tweets of the US President Donald Trump. Warren Buffett, Jamie Dimon, and other notorious figures had several times expressed their negative views on Bitcoin, and despite that the price did not seem

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Bitcoin Trades Sideways as Buyers Look Exhausted

Bitcoin Trades Sideways as Buyers Look Exhausted

  So far 2019 proved to be a much better-than-anticipated year for Bitcoin, as its price almost reached the $14,000 area on the Coinbase exchange. Optimism pushed Bitcoin past the $11,000 zone, but the last week and a half saw weakness unfolding in a pronounced fashion, and that’s not a

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