There had been a muted activity in the Bitcoin market so far in December as the buyers are now looking to take a break following the impulsive run higher that started in September. In the absence of ground-breaking news and muted US dollar performance, there wasn’t enough incentive to push
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Another week another record for the Bitcoin price and this time the price action not only reached a new 2020 milestone but also managed to briefly touch a new all-time high on the Coinbase exchange. On the back of US dollar weakness, the largest cryptocurrency continues to march higher and
The SEC’s Chairman Jay Clayton was recently interviewed on the CNBC show Squawk Box and among the topics discussed, Bitcoin had been one of the main highlights, considering the role of the regulator during the past few years. Even though the Securities and Exchange Commission continues to advocate for more
The Bitcoin rally continues to be relentless, even though other asset classes had been more volatile during the past two weeks. During the past three hours, the BTC price briefly broke above the $16,000 setting a new November and 2020 high. The positive market momentum is encouraging for buyers, even
The month of October had been quite a ride for Bitcoin, considering its price surged towards $13,860, defying all worries related to COVID-19 or the US election. As we’ve seen in our previous article, the crypto market decoupled from stocks and managed to post a much better performance, at a
The price of Bitcoin had continued to rise this week and by the time of writing, it managed to reach $12,200 on the Coinbase exchange, close to breaking the mid-August highs. As we’ve mentioned in our last weekly crypto analysis, breaking above a short-term triangle pattern could unlock new upside
October seems to be a much better month for Bitcoin, considering the price staged a recovery that pushed the valuation above $11,000 for the first time since the beginning of September. At the beginning of the week, the main catalyzer for the move had been a Square news suggesting the
While Cryptocurrency seems very promising for the future, there are currently major risks involved in using digital monetary systems (cryptocurrency). This has nothing to do with market volatility, but rather in the form of online scams. Thus, it is important to be cautious when carrying out any of these online
The price of Bitcoin started the week on a downward beat, mainly due to increased pressure on the stock markets. We’ve covered this topic earlier this week, but for the past three days, things had gradually changed, as buyers managed to cap the downside and erase some of the losses.
The new week is not encouraging for Bitcoin and the broad cryptocurrency market, as selling seems to have resumed once again. At the time of writing, Bitcoin is down 2.6% daily, trading near $10,600 on the Coinbase exchange. As we’ve mentioned in our last weekly crypto analysis, the $11,000 area
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