Following weeks of consolidation inside a narrowed range, Bitcoin had finally broken out and staged a massive rally on the upside. Since July 21st, the price jumped from $9,300 all the way to $11,400 on the Coinbase exchange, showing great interest from the buy-side. This confirms what we’ve mentioned in
Bitcoin Info News Articles by Crypto Frontline
The Bitcoin price action had favored the bulls for the past few days, as the market managed to break above a triangle structure we’ve mentioned in our last weekly crypto analysis. More importantly, the gains came on the back of weaker performance on global stock markets, which might suggest investors
The series of cryptocurrency thefts continues and this time the popular social media platform Twitter is involved. In what had been labeled as the “worst hack of a major social media platform yet” by Dmitri Alperovitch, co-founder of cyber-security company CrowdStrike, leading US figures like Bill Gates, Elon Musk, Kanye
During the month of June, the number of “whale” Bitcoin trades (a trade that is at least 10 BTC tokens) had spiked higher, in particular on the popular OKEx exchange. Based on the data provided by Kaiko, there were more than 8,000 such large trades, exceeding other popular exchanges like
Bitcoin continues to be subdued as financial markets are under pressure due to increased uncertainty generated by COVID-19. What’s even more concerning for BTC investors has to do with the S&P500 correlation. More than a month ago we’ve talked about a Binance research showing cryptocurrencies were correlated with stocks. The
Following a period of diminishing volatility, Bitcoin buyers seem to be energized again, now that the price had managed to break a triangle pattern on the upside. Covered in our last weekly analysis, the price action pattern had capped Bitcoin since the beginning of June, but now that buyers finally
Following two months when Bitcoin and stocks had small correlation, things had taken a new turn since a few days ago, when both asset classes started to weaken as the fears new coronavirus wave emerged around the world. Several US states are having difficulties in keeping infections under control, while
As we’ve been highlighting since a few weeks ago, Bitcoin had finally reached the key $10,000, broke above it, but stalled around $10,400 only to resume the selloff impulsively. A lot of talks are on this brief selling move, which wiped out approximately $1,100 from the Bitcoin’s value. Bitcoin buyers
Despite managing to rebound from the March lows, interesting flows of BTC occurred on exchange platforms. The market panic led to record outflows, which may have to do with two important reasons. Bitcoin is still an outperformer in 2020, trading in the green territory, after erasing its yearly gains when
There’s no significant sign of weakness in the Bitcoin bull run and that’s raising the prospects for the near term, given that an impulsive breakout above the $10,000 area could occur. Up until now, Bitcoin remained stable after the halving, communicating market participants continue to be bullish. Sellers don’t seem
