Bitcoin prices are surging again, testing the $4,000 psychological level once more and doing their best to convert this formidable resistance plateau to one of support. If Bitcoin is to accelerate to higher realms, it must build a launching pad from which to do so, but analysts remain confused as to what is driving this…
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What a difference a few weeks can make in the Bitcoin investment community. Back on the 3rd of January, an exalted technical indicator was “suggesting Bitcoin is in its longest buying streak in six months.” Digital diehards were rejoicing. Bitcoin prices soon pierced $4,000, a level that had been described as a “titanium resistance level”…
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Yikes! The sky is falling again… or is it? It seems that, every time Bitcoin and its altcoin brethren stumble a bit, the end of the world is near at hand. Yes, BTC dropped from $3,550 to $3,357, a 5.5% fall, in a matter of hours, dragging other token values along with it, as the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 11, 2019. Highlights include: Bitcoin Plummets Within Range: Bitcoin dropped 12% yesterday, but stayed within the range of $3,550 to $4,200 that has been established over the past month. The movement was sudden, but…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 27, 2018. Highlights include: Dow Shatters Single-Day Record: One trading day after US indices officially entered a bear market, the Dow rose 1,086 points — its largest single day gain of all time. These…
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Bitcoin is back once again over an all-important psychological support level of $4,000. The price of the most popular cryptocurrency dropped to its lowest point since August 2017 last month. Its price however is now slowly, but steadily, rising more than 7% yesterday alone and 33% over the last 5 days. According to some, this…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 18, 2018. Highlights include: Crypto Bounces Back: As global stocks dropped, the crypto market make a strong push off the floor. The rebound was likely due to a short squeeze that took out a…
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Bitcoin and its altcoin brethren have seen their market capitalizations evaporate in excess of 80% over the past several months. Critics are already claiming that the cryptocurrency revolution, phenomenon, or pipedream (take your pick) is dead, or soon will be by their estimation, but to their astonishment, a major global consulting firm is predicting a…
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Bitcoin lost more than 70% of its value on a year-on-year basis, when in December, 2017, it was trading for almost $20,000 per coin. The current price of the “people’s currency” is around $3,600. And while the price seems to be plunging even further, there are some notable events that caused the huge volatility. According…
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The recent meltdown in cryptocurrency valuations has been all encompassing. No programs, except for perhaps stable coins that are pegged to fixed asset values, have been immune. Bitcoin, the leader of the pack, has been hit hard, losing some 80% of its value from last year’s peak just below $20,000. The carnage, however, has been…
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