The month of June does not seem to start on the same upbeat tone as in May when the Bitcoin price surged impulsively right from the first day of the month. Following the best monthly performance since the end of 2017, Bitcoin weakness begins to show up, as it
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The bullish move in Bitcoin continued at the beginning of this week, as the price managed to reach the $8,900 area for the first time since 11th of May 2018. It’s been more than a year since the Bitcoin price did not touch that area, which communicates the bullish momentum
With an impressive performance that drove the price upward by more than 100%, Bitcoin continues to dominate the cryptocurrency industry as the near term prospects are encouraging. The oldest and the most popular cryptocurrency still enjoy the most trust among investors, which is this year we could witness new derivatives
Bitcoin’s bulls run continues to edge higher, above anyone’s expectations and with the price, we are witnessing some fresh new records that show the momentum continues to be fueled by strong buyers. Since the beginning of May, Bitcoin had broken above the $6,000 psychological level and managed to reach a
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
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
