Bitcoin

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) rallied, but their gains were eclipsed by those made by less well-known cryptocurrencies with much slower market caps. What Happened: According to a recent Fortune report, many minor tokens rode the waves made by Bitcoin and Ethereum well enough to rake in higher gains than those behemoths. Cardano (CRYPTO: ADA) doubled this month, Binance Coin (CRYPTO: BNB) also rallied significantly, while Avalanche (CRYPTO: AVAX) tripled in August. Read also: Source link

Bitcoin (BTC) continued to range below $50,000 on Aug. 31, the final day of the month, as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data from Cointelegraph Markets Pro and TradingView painted a dull picture for investors on Aug. 31 as BTC/USD continued to trade in a four-day-old descending channel. Despite highly encouraging on-chain metrics and fundamentals, BTC price… Source link

What Happened: Kevin Wadsworth, technical analyst and co-founder of Northstar & Badcharts, has predicted this Bitcoin (CRYPTO: BTC) bull market will reach its peak in October. In an interview with Kitco News on Monday, Wadsworth said he believes that the crypto bull market will likely conclude before the end of the year. “All the crypto charts I’ve been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even… Source link

Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and altcoins. Public pension funds, retirement plans, fixed income and most non-leverage equity and… Source link

After a bearish start to the week for Bitcoin and the broader market, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 1.94% to $47,919.0. A mixed morning saw Bitcoin fall to an early morning intraday low $46,725.0 before making a move. Steering clear of the first major support level at $46,297, Bitcoin rose to a late morning intraday high $48,098.0. Falling short of the first major resistance level at $48,319,… Source link

Bitcoin (BTC) saw fresh local lows on Tuesday as limp price action diverged further from bullish sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin evades bullish continuation Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on Bitstamp after dropping $2,000 in hours. Part of a multi-day rangebound construction, the dip resulted in a push toward $48,000, with bulls still unable to gather momentum for an attack on $50,000. For… Source link

Hundreds of protesters took to the streets of El Salvador to raise their voices against President Nayib Bukele’s decision to make Bitcoin (CRYPTO: BTC) legal tender. What Happened: On Sept 7, Bukele will introduce the much-debated Bitcoin Law in the country. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment. Bukele says that the Bitcoin Law will benefit the people and save close to $400 million in remittance commissions. In… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. With the price of bitcoin hovering near $50,000, momentum has returned to the market and strong hands have accumulated more bitcoin than ever. A 2013-style double bubble is in the cards. The 2013 cycle saw the price of bitcoin draw down 75% from the highs before… Source link

Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the country in October 2019.  The unexpected news caused a 42% pump in Bitcoin (BTC), but the movement completely faded away as investors realized China was not altering its negative stance on cryptocurrencies. As a result, only… Source link

By Matthew Sparkes Will the cryptocurrency be more widely used now that PayPal accepts it in the UK? mundissima / Alamy PayPal has two decades of experience in online payments and manages 403 million user accounts. So, it caused ripples when it announced on 23 August it would allow UK customers to buy and sell four cryptocurrencies: bitcoin prices rose to a three-month high. But will this – and last… Source link