The Bitcoin trading activity continues to defy analysts’ claims that the rally is close to ending and today, May 9th, the price of Bitcoin surpasses the $6,000 milestone on the Coinbase exchange, a level not reached since November 14th, 2018. Problems persist despite good price performance After reaching the $5,800
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Despite various claims that the Bitcoin bullish move is overextended, the market seems to defy the public opinion and the most popular cryptocurrency continues to edge higher at the beginning of May. Although a BOE official recently stated that Bitcoin is not a currency, the demand continued to push
Even though Bitcoin managed to rebound from the lows in 2019 and volatility is substantially lower as compared to a year ago, an official from the Bank of England recently stated that it cannot be treated as a currency, due to several important factors which we will discuss in
The month of April seems to end in an upward beat when it comes to Bitcoin, as the most popular cryptocurrency managed to break above last week’s high. Following a 3.5% drop, the buyers managed to accumulate again, and the price action seems headed towards a previous floor, which had
The Intercontinental Exchange Inc. (ICE), which is the owner of the New York Stock Exchange, announced since August last year its intentions to launch Bitcoin futures contracts. We’ve written several times about the Bakkt platform, but still, the company did not manage to launch the long-awaited instruments and the reason
Following an impressive upward breakout that started at the beginning of April, Bitcoin is slowly beginning to show signs of weakness. Although Bitcoin began April above $4,000, which was an encouraging detail, it seems like the bulls are no longer able to sustain the move. Recently, the cryptocurrency market
Following the massive breakout which took place on April 2nd, the Bitcoin had tempered and at the time of writing is struggling around the key $5,000 area. The most popular cryptocurrency had already started the month of April on an upbeat tone and despite the current consolidation, several important technical
Although volatility had compressed for the past few months, Bitcoin managed to hold above $,4000 on a monthly basis and April had already started on an upward beat. On February 24th, a flash crash-type movement sent Bitcoin from $4,180 towards the $3,700 area in less than a day, but
Since the flash crash which took place on February 24th, Bitcoin had a pretty choppy performance and had consolidated in a range for almost two weeks. However, since mid-March, the buyers had been slowly building up steam, communicating that more gains are poised to show up in the near
Following the Berkshire Hathaway annual shareholder meeting, Warren Buffett, the famous US investor and philanthropist, gave an interview to CNBC’s Becky Quick from Squawk Box. Among other subjects, cryptocurrencies had also been discussed, and the “Oracle of Omaha” continued with the same pessimistic view on Bitcoin. This is not
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