Bitcoin Cryptocurrency News

3 Fundamental Reasons Why Bitcoin Is Bullish After Drop Under $9k

On Saturday, Bitcoin decisively dipped under $9,000, reaching lows not seen in over a week. It was a move that liquidated dozens of millions of dollars worth of longs, shaking bulls from their expectations of upside. Yet many analysts remain fundamentally optimistic, citing a number of trends indicating that Bitcoin still has a bullish undertone. Read more…

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Cryptocurrency News Ethereum

The Ethereum Investment Case Has This Unexpected Achilles’ Heel

With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next Read more…

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Bitcoin Cryptocurrency News Ethereum

It’s “Extremely Unlikely” Ethereum Passes Its 2017 High Against Bitcoin: Here’s Why

From a price perspective, Ethereum’s golden age has long passed. In 2017, the second-largest cryptocurrency saw a parabolic bull run that eclipsed that of most other top cryptocurrencies, Bitcoin included. There was a point in 2017 when one ETH was worth approximately 0.17 BTC (on Coinbase). Ethereum rallied so far and so fast that for Read more…

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Cryptocurrency News

Data Analyst: There Continues to Be Mass Bitcoin Accumulation By Institutional Players

At the start of May, Bitcoin experienced its latest block reward halving. This event saw the number of BTC issued per block cut in half from 12.5 coins to 6.25, meaning that there is less supply to satisfy demand. Fortunately for buyers, demand is rapidly increasing, suggesting Bitcoin should continue to rise. Institutions Are Scooping Up Read more…

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Cryptocurrency News

Trader: Bitcoin Looks Almost Exactly as It Did Prior to an 80% Rally in 2019

It’s been a tough past day for Bitcoin. Just a little more than 12 hours after the cryptocurrency crossed $10,000 for the first time in weeks, BTC’s price tanked. As reported by Bitcoinist previously, saw a mass liquidation event on derivatives platforms that took Bitcoin as low as $8,600 on BitMEX. For BitMEX in specific, BTC Read more…

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Bitcoin Cryptocurrency News

Bitcoin Price Must Break This Level to Turn Bullish Again

After breaking above $9,000 and finding support, Bitcoin price is seeking direction again. But the leading asset must cross over the $9,500 resistance to initiate another bull rally, analysts state. Bitcoin Price Bounces Off $8,550, Faces Resistance Above $9,000 Bitcoin price managed to bounce off the recent lows in the $8,500 range. But standing above Read more…

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Bitcoin Cryptocurrency News

100 Days To Go: Excitement Among The Crypto Community For The Coming-Up Bitcoin Halving Event

One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today. On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years, Read more…

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Bitcoin Cryptocurrency News

Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K

Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Bitcoin Evaded the Worst Scenario of Fast Slide, So Far The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. But Read more…