Bitcoin

Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sparks a fresh bear bloodbath Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23. After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still significant at the… Source link

Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Cointelegraph contributor and market analyst Michaël van de Poppe recently said that Ether’s (ETH) break above $3,500 could be a leading indicator for Bitcoin’s next bull run, and now that Ether trades at $3,700, traders… Source link

Popular analyst Will Clemente believes that Bitcoin could trend higher in the coming months as on-chain data flash bullish signals. The prominent on-chain strategist tells his 209,100 followers that he’s closely watching Bitcoin’s illiquid supply relevant strength indicator (RSI). The indicator follows the momentum of Bitcoin accumulation by running the 365-day stochastic RSI over the 30-day net change of BTC illiquid supply.   “This wave of Bitcoin supply shock has the most… Source link

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin is trading higher by 3.7% at $48,800. Ethereum is trading higher by 7.5% at $3,700. Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The… Source link

Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus BTC and facing a run toward the next resistance around the all-time high. The primary question is now whether this… Source link

Cryptocurrencies have experienced waves of volatility over the past year, but they’re steadily gaining traction among investors. Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Cardano (CRYPTO:ADA) are three of the biggest names in the crypto space, and they’ve all experienced explosive growth. The price of Bitcoin is up by more than 300% over the past 12 months, Ethereum has soared by roughly 700%, and Cardano has increased by a whopping 2,350% in… Source link

Bitcoin (BTC) will become a legal tender in El Salvador officially on September 7, and the government is now betting big on the cryptocurrency. El Salvador Sets Up A $150 Million Bitcoin Trust Fund The El Salvador government has shown its commitment to Bitcoin after setting up a $150 million trust fund. The trust fund was approved by the finance commission of El Salvador’s Legislative Assembly, and it is expected to be used to support the country’s plan to make BTC a legal tender. El… Source link

Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $46,530 on Bitstamp overnight, its lowest since Aug. 27. With $50,000 out of reach, price action continued to diverge “remarkably” from strong on-chain metrics and fundamentals. For analyst Willy Woo, who… Source link

A lot of energy and money comes from these mining rigs.  Getty Images … Source link