Bitcoin Cryptocurrency News

Bitcoin Explodes Past $11,000, Liquidating Dozens of Millions Off BitMEX

Bitcoin has continued to roar higher after our last market update. As of the time of this article’s writing, the cryptocurrency trades at $11,400. This is the highest price the asset has traded in approximately a year. This latest move higher is convincing bulls that bulls are in control after months of consolidation. Minutes ago, Read more…

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Bitcoin Cryptocurrency News

Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider

For the past month, Bitcoin has effectively flatlined in an extremely tight consolidation pattern. Prices have been locked in a ~7% range between $8,900 and $9,400. Earlier this week, the cryptocurrency began to resolve the consolidation by inching higher. This culminated in a strong surge higher that peaked on Thursday, when BTC hit $9,650 on Read more…

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Bitcoin Cryptocurrency News

Why a Trader Is “Cautious” in Longing Altcoins as Bitcoin Pushes $9,600

Altcoins have seen explosive growth over the past few weeks, but Bitcoin has recently regained the spotlight. With BTC and Ethereum (ETH) seemingly poised to begin to trend, investors are hesitant to go long on altcoins. Certain altcoins are already seeing harrowing pullbacks, dropping dozens of percent from their local highs established earlier July. As Read more…

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Bitcoin Cryptocurrency News

Bitcoin Can “Move Faster” Than Tesla If It Breaks This Key Level: Trader

Unlike Bitcoin, the stock of Tesla (TSLA) has been on a tear over recent weeks and months. Just look at the chart below, which shows that the shares of the world-famous car company have gone parabolic. As mentioned, Bitcoin’s gains, by comparison, have been paltry. While Tesla shares are up by around 800% since June Read more…

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Bitcoin Cryptocurrency News

Prominent Investment Strategist Gives 3 Reasons to Buy Bitcoin

Despite Bitcoin’s strong bounce from the March lows of $3,700, some remain decisively bearish on the leading cryptocurrency. Take Peter Schiff, for instance. The prominent gold bull and cryptocurrency skeptic recently wrote that he thinks the asset will soon break below $9,000, arguing that Bitcoin remains in the midst of a brutal bear market. “Gold Read more…

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Bitcoin Cryptocurrency News DeFi

Booming DeFi Craze Decouples Bitcoin From Stock Market

The last 48 hours of trading have witnessed Bitcoin decoupling from the US stock market. The cryptocurrency traded sideways with a bias modestly shifted towards bears. On the other hand, the S&P 500 moved in the opposite direction. This lack of short-term positive correlation coincides with a booming DeFi craze. Bitcoin appears to have decoupled Read more…

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Bitcoin Cryptocurrency News

A Technical Cross That Sent Bitcoin 60% Lower Is Close to Forming

Save for the rejection at $9,500, Bitcoin has held up rather well on a macro scale over the past few days. As of the time of this article’s writing, the leading cryptocurrency sits at $9,200, holding the support in the $8,500-9,000 region. Unfortunately for bulls, BTC is purportedly forming a signal last seen before the asset Read more…

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Bitcoin Cryptocurrency News

U.S. Treasury Bonds Are Still on Track to Go Negative in Boost to Bitcoin

The Great Recession of 2008 spawned two things: Bitcoin and increasingly lower negative interest rates. To spur economic growth and ensure the stability of the macroeconomy, central banks around the world have been increasingly lowering their policy interest rates. In Japan and in much of Europe, interest rates are negative, meaning that banks get paid Read more…