Analyses Are the crypto bulls awake?

The cryptocurrency market has again attracted the attention of many people, because most of the major cryptocurrencies registered solid price gains last week. For instance, Bitcoin (BTC) increased from $7,212.70 to $8,442.00, Ethereum (ETH) - from $135.09 to $147.98, Litecoin (LTC) - from $43.22 to $51.76, etc. The positive market sentiment has ...

Analyses Bitcoin - Technical Analysis - Mon, Jan 6, 2020

Escalating political tensions between the USA and Iran significantly increased the demand for safe-haven assets last week. For instance, the price of gold surpassed the level of $1,550.00 per troy ounce, nearing a six-year high. Other safe-haven assets including Bitcoin followed the same price dynamics. The digital gold reached almost $7,500.00 ...

Analyses Bitcoin - Technical Analysis - Mon, Dec 30, 2019

On Monday, December 23,  Jon Erlichman, host of the famous show "The Open" on BNN Bloomberg and a fill-in anchor for Bloomberg's global program "Bloomberg Markets", shared a list of some of the best-performing stocks of the past decade on his Twitter account:   Source: Twitter According to the list, Netflix was by far the best performer of the d...

Analyses Bitcoin - Technical Analysis - Mon, Dec 23, 2019

On Tuesday, December 17, Fidelity Investments, one of the world’s leading multinational financial services corporations, announced that it is establishing a new entity to offer financial products and services to European institutions interested in investing in digital assets, such as Bitcoin: Source: Twitter The cryptocurrency community welcome...

Analyses Bitcoin - Technical Analysis - Mon, Dec 16, 2019

On Wednesday, December 11, the Federal Reserve left the interest rates unchanged in the 1.5%-1.75% range as expected and indicated that the loose monetary policy in historical terms will continue throughout 2020. On the next day, the Governing Council of the European Central Bank made a decision to continue the accommodative monetary policy as w...

Analyses What could be happening to Bitcoin? BTC plunged more than $1,700 on Friday

On May 17, 2019, at about 10:30 UTC, Bitcoin (BTC) saw one of the greatest declines in prices ever in history. BTC nosedived by about $1,702. This is the largest drop since January 2018. The price of BTC dropped from $7,880 to $6,178 causing some crypto exchanges like BitMEX to liquidate orders. BitMEX is reported to have liquidated about $250 m...