Bitcoin’s trading price jumped to a record high above US$66,000 for the first time yesterday, October 20. This event happened in the wake of the successful launch of the ProShares Bitcoin Strategy Exchange-Traded Fund (ETF), the inaugural ETF for investors based in the United States. As Bitcoin advocates, we find
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) The Bitcoin bull run continues on the back of positive expectations related to an ETF being launched in the USA. Since the event could occur over the next few days, the market is expected to build up momentum, which is why we suspect there could be a retest
British politician Philip Hammond has joined London-based cryptocurrency trading company Copper.co as an adviser. This life peer’s new virtual currency role took immediate effect on Monday. We are interested in sharing this cryptocurrency-related report with our readers. We know Baron Hammond of Runnymede as an early supporter of crypto-assets, including
BTCUSD (Coinbase) Bitcoin continues to march higher and now trades at levels not seen since early May. Once the price broke above the September 7th high located near $52.8k, buyers have gathered momentum and now are on track to threaten the area around the all-time highs. Trading close to $57k,
US Bank’s new cryptocurrency service is a safekeeping custody solution for institutional investment managers. The new offering’s launch exhibits the banking and financial services company joining other firms of the same type entering the cryptocurrency space. We are quite eager to learn and share this virtual currency-related report with our
BTCUSD (Coinbase) The Bitcoin sentiment improved at the end of last week and now the price trades close to $48,000. It formed a base around $41k and since then edged higher impulsively, suggesting there might be scope for more gains in the days ahead. However, the first resistance level needed
BTCUSD (Coinbase) More choppy activity can be noticed in Bitcoin. The token managed to recover from the lows around $40k, but all gains were wiped out after China deemed all crypto operations illegal. Now we see the price rebounding, yet the structure continues to tilt in favor of sellers. They
BTCUSD (Coinbase) As we’ve anticipated a week ago, Bitcoin bounced from the lows but failed to keep the gains. This week starts with massive selling across the board, as financial markets are digesting a potential default of Evergrande, one of the largest Chinese real estate developers. From a technical standpoint,
Robinhood is launching a new recurring cryptocurrency investment feature this month. Find out more about this trading platform’s new offering here.
BTCUSD (Coinbase) Bitcoin becoming legal tender in El Salvador turned out to be a major “sell-the-fact” event, considering the price plunged back below our key area around $50k. Since it breached below the 20 EMA and 200 SMA on the 4h chart, the move up is now under question. The
