Bitcoin

Text size Bitcoin briefly traded above $25,000 over the weekend. Dreamstime Bitcoin … Source link

Bitcoin, the largest cryptocurrency has been in recovery mode for quite some time now. On CoinMarketCap, BTC jumped briefly above the $25k on 14 August before settling onto the $24.9k mark at press time. Evidently, the spot market showcased a relief sign. However, activity on BTC options suggested otherwise. Are you In or Out? The Bitcoin open interest had been on a recovery trend since the 4 December crash. Mostly, this has been the result of various recoveries that Bitcoin… Source link

Bitcoin (BTC) enters a new week with a bang after sealing its highest weekly close since mid-June — can the good times continue? After a volatile weekend, BTC/USD managed to restrict losses into the later portion of the weekend to produce a solid green candle on weekly timeframes. In what could shape up to be the last “quiet” week of the summer, bulls have time on their hands in the absence of major macro market drivers involving the United States Federal Reserve. Fundamentals remain… Source link

Bitcoin is gaining bullish momentum above $24,500 against the US Dollar. BTC could gain bullish momentum if it clears the $25,000 resistance zone. Bitcoin started a fresh increase above the $24,200 resistance zone. The price is now trading above the $24,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $24,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a… Source link

Skybridge Capital is “pretty optimistic” about bitcoin and ethereum over the next 12 to 24 months. The global asset management firm’s founder explained that the world’s largest cryptocurrency could reach $300K in six years, urging investors to “just relax” and “stay long-term.” Skybridge Optimistic About Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner at global asset management firm Skybridge Capital, shared his firm’s outlook for bitcoin and… Source link

“BTC’s resilience above $20,000 did see bulls pushing for more upside, especially after a successful retest of that range,” Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote CoinDesk. “However, we are yet to witness the breakout above $25,000, which could see BTC moving quickly toward the $29,000-$30,000 range.” Source link

Bitcoin [BTC] is feeling the heat of the rebound again after narrowly breaching its $25k resistance level over the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily hike. In fact, it also looked set to end the week on a positive note with weekly gains of over 7.75%. A new dawn? The cryptocurrency has been reflecting on the bullish activity in recent days, something that has intrigued investors of late. There are now serious… Source link

Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekend produces brief $25,000 tap for BTC Data from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit $25,050 on Bitstamp in a $350 hourly candle. The move took the pair to a new personal best since June 13, erasing more of the losses seen that day in what remains a… Source link

This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture. I’ve spent most of the last three years living in the mountainous region of Northern Thailand. Nestled in the hills all around the valleys live “hill tribes” with names like the Akha, Hmong and Lahu. Each has their own traditional dress, unique language and local foods. To many of us living in the valley cities — especially foreigners like myself from far-flung places — these hill tribes… Source link

The growth of Bitcoin (BTC) has seen some proponents share the view that the crypto will take over gold on various metrics like the store of value and eventually replace the precious metal. Despite the recent market crash, notable crypto players have upheld the projection of Bitcoin toppling gold is still on course.  In particular, during an interview with Stansberry Research on August 13, outgoing MicroStrategy (NASDAQ: MSTR) CEO Michael Saylor stated that gold would likely… Source link