Bitcoin Cryptocurrency News

Why Has Bitcoin Become A Leading Indicator For The S&P 500?

Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing. The stock market also saw the largest single-day loss since June.  But why did Bitcoin suddenly lead the stock market almost tick for tick on price Read more…

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Bitcoin Cryptocurrency News

Bitcoin Analyst Who Accurately Foresaw Feb Crash Says $9.8K is Next

Bitcoin is going to fall to $9,800, according to a pseudonymous analyst. The prominent daytrader cited the formation of a Head and Shoulder pattern behind his bearish analogy. In retrospect, H&S is a technical pattern described by three peaks. The outside tips are higher in levels while the middle one is the highest. Meanwhile, they Read more…

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Bitcoin Cryptocurrency News

The Market Is “Too Sober” For Bitcoin to Top At Current $11,500 Level

Analysts think that the Bitcoin market is “too sober” to top at current price levels. BTC trades at $11,600 as of this article’s writing, perpetuating the consolidation it has been in for the past three weeks. Why Bitcoin Is Unlikely to Top Here One cryptocurrency trader thinks that it’s unlikely that Bitcoin is forming a Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Institutions Just Closed a Vast Majority of Their Bitcoin Short Positions: Data

Bitcoin is pushing higher after bottoming at $11,150 last week. The asset now trades for $11,650 as of this article’s writing. BTC is trading above a pivotal support level as we come into the weekly candle close, which bodes well for bulls. Institutions are responding to the price action by closing their shorts they opened Read more…

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Bitcoin Cryptocurrency News DeFi

OKEx CEO Jay Hao: Many People Will Lose Money In DeFi (Exclusive Interview)

OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao. Hao spoke of the challenges OKEx has Read more…

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Bitcoin Cryptocurrency News

Bitcoin Reclaims $11.5K, ETH Above $400: The Sushi Farming Tokens Skyrocket (Market Watch)

Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Here’s Why This Historically Accurate Analyst Thinks Bitcoin is In No Man’s Land

Bitcoin has flatlined in the mid-$11,000s over the past few days. Some say that this formation is bullish as BTC remains above the $10,500 support. A historically accurate analyst thinks that Bitcoin may technically be in no man’s land. He shared two scenarios, one bullish and one bearish, and noted that neither has been confirmed. Read more…

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Bitcoin Cryptocurrency News

This Eerie Silver Fractal Predicts Bitcoin Will Soon Shoot Towards $20k

As evidenced by the array of opinions online, many are divided over what’s next for Bitcoin. There are some saying that a massive bull is imminent. Others believe that a correction back towards $10,500, then lower, is entirely feasible. An eerie fractal that predicted Bitcoin’s ongoing consolidation, though, suggests the trend is bullish. The analyst Read more…

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Bitcoin Cryptocurrency News

Dave Portnoy Lost 1.6% of His Crypto Investment, Then Liquidated His Bitcoin

Dave Portnoy famously entered the Bitcoin and crypto market last week with the help of the Winklevoss Twins. He originally bought $250,000 worth of digital assets, $50,000 into Chainlink and the rest into Bitcoin. The video of him buying this cryptocurrency went crypto-viral as many acknowledged the significance of his entrance into the industry. While Read more…