Bitcoin Price

Bitcoin ‘Whale Clusters’ Show $14K as Pivotal for BTC Price Bull Run

Source Node: https://cointelegraph.com/news/bitcoin-whale-clusters-show-14k-as-pivotal-for-btc-price-bull-run
Time Stamp: August 16, 2020 8:35 AM - Modified On: May 21, 2021 - Published By:
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David Puell, an on-chain analyst, laid out several key data points on Aug. 16 based on the past 4-year cycle of Bitcoin (BTC). Data show that the $14,000 level is a crucial price point for Bitcoin due to whale clusters.According to Puell, whale clusters show many large buyers bought in the $9,000 to $12,000 range. Whales that bought at $9,000 are seeing relatively high profits, and those that bought the top are at a breakeven point.The clusters could result in a volatile price action where buyers and sellers aggressively try

Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches

Source Node: https://cointelegraph.com/news/bulls-stampede-toward-12k-bitcoin-price-as-weekly-close-approaches
Time Stamp: August 15, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occursDespite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levelsChainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430Cryptocurrency daily market performance snapshot. Source: Coin360Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed. Experienced traders will also know that exchange order books

Cryptocurrency News Roundup for August 14, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-14-2020/
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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In a polarising move that has drawn mixed reaction from the company’s user-base, cryptocurrency exchange BitMEX announced today that it’s making KYC verification mandatory on the platform. The noises surrounding the move are hardly surprising given that privacy and easy-registration were two of the primary factors that contributed to the exchange’s growing popularity. Some BitMEX users are, however, in favor of the decision as it may help the exchange improve its security and appeal to would-be customers. All said and done, the u-turn into a conventional exchange underlines the impact

$12K Bitcoin Price in Sight as Retail, Institutional Traders Turn ‘Greedy’

Source Node: https://cointelegraph.com/news/12k-bitcoin-price-in-sight-as-retail-institutional-traders-turn-greedy
Time Stamp: August 14, 2020 12:14 AM - Modified On: May 21, 2021 - Published By:
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After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12K mark. This comes after a week of bullish news which included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S. dollar, Coinbase exchange offering Bitcoin-backed loans, and the revelation that BlackRock and Vanguard are major holders of MicroStrategy shares.Cryptocurrency daily market performance snapshot. Source: Coin360The increasingly bullish sentiment extends across the entire crypto sector and proof of this comes from altcoins

Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

Source Node: https://cointelegraph.com/news/boom-kraken-predicts-imminent-bitcoin-price-rally-of-up-to-200
Time Stamp: August 13, 2020 1:33 AM - Modified On: May 21, 2021 - Published By:
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Major U.S.-based crypto exchange Kraken has released a report predicting that Bitcoin (BTC) will rally by between 50% and 200% in the coming months.The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average.With August usually the third-most volatile month for BTC price fluctuations, Kraken is predicting that upward momentum produced by Bitcoin at the end of July will continue

Invest 3% in Bitcoin to Avoid COVID-19 Lockdown Devaluation — BitGo CEO

Source Node: https://cointelegraph.com/news/invest-3-in-bitcoin-to-avoid-covid-19-lockdown-devaluation-bitgo-ceo
Time Stamp: August 12, 2020 10:36 AM - Modified On: May 21, 2021 - Published By:
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Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned.In a series of tweets on Aug. 12, Mike Belshe strongly urged investors to divert a minimum of 3% of their portfolio into Bitcoin.Belshe: investors will move from cash to gold, BitcoinAs multiple jurisdictions around the world reenter compulsory lockdown conditions, Belshe said that in the United States, the government had made a prison for itself using the policy.“The government is being forced to maintain lockdowns for

Cointelegraph Launches Newsletter for Professional Investors

Source Node: https://cointelegraph.com/news/cointelegraph-launches-newsletter-for-professional-investors
Time Stamp: August 12, 2020 10:31 AM - Modified On: May 21, 2021 - Published By:
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Every 1st and 15th, Cointelegraph Consulting provides the latest inside scoop on cryptocurrency price action and rationale in its Market Insights newsletter. Here’s a preview of one of this month’s editions. Editor’s noteCrypto asset prices have flown upward in recent weeks, with various altcoins posting gains reminiscent of the great 2017 digital asset bubble. Assets such as Chainlink (LINK) and Band Protocol (BAND) have tallied triple digits percentage gains. Bitcoin (BTC), the industry’s pioneer asset, has also shown significant upside action. The asset travelled up slightly past $12,000 on Aug. 2 before

A Top Gold Bull Thinks an Exponential Bitcoin Price Expansion Is Imminent

Source Node: https://bitcoinist.com/top-gold-bull-exponential-bitcoin-price-expansion-imminent/?utm_source=rss&utm_medium=rss&utm_campaign=top-gold-bull-exponential-bitcoin-price-expansion-imminent
Time Stamp: August 12, 2020 6:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin has stalled after failing to hold above $12,000 for the second time in two weeks. The cryptocurrency trades at $11,450 as of this article’s writing, below the ever-important $11,500 level. Despite this weakness in the price of BTC, analysts remain long-term bullish on this nascent market. Joining his contemporary Raoul Pal, macro investor and gold bull Dan Tapiero says Bitcoin could soon go exponential. In a tweet published on August 10th, the BTC bull mentioned that the asset could literally 5-10x in the years ahead. This is a sentiment

Bitcoin Creates Double-Top After Failing Close Above $12,000

Source Node: https://beincrypto.com/bitcoin-creates-double-top-after-failing-close-above-12000/
Time Stamp: August 12, 2020 5:36 AM - Modified On: May 21, 2021 - Published By:
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While the Bitcoin (BTC) price has increased considerably over the past few weeks, it has failed to reach a close above a crucial long-term resistance area at $12,100. Instead, the price has created a bearish pattern and began a short-term downward movement. Bitcoin Reaches Long-Term Resistance The Bitcoin price has been increasing at an accelerated rate beginning on July 20. In the × BeInCrypto Premium - Register for FREE now. Want to know more? Join our Telegram Group and get trading signals, a free trading course and daily communication with

DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days

Source Node: https://cointelegraph.com/news/defi-tokens-band-link-outpace-bitcoin-price-by-gaining-100-in-10-days
Time Stamp: August 10, 2020 5:35 PM - Modified On: May 21, 2021 - Published By:
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This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks. Two of the most notable performers are Band Protocol (BAND) and Chainlink (LINK) as both surged by 348% and 88% in the past ten days. Each functions as an oracle blockchain network that supplies data to Decentralized Finance (DeFi) applications.Since the start of August, BAND price rose from $3.9 to as high as $17.78 and in the same period, LINK

Bitcoin Price Suddenly Drops by $500 in Seconds to Fill Futures ‘Gap’

Source Node: https://cointelegraph.com/news/bitcoin-price-suddenly-drops-by-500-in-seconds-to-fill-futures-gap
Time Stamp: August 10, 2020 7:13 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) dropped several hundred dollars in seconds on Aug. 10 as $12,000 once more proved too hot to handle. Cryptocurrency market daily snapshot Aug. 6. Source: Coin360BTC price finds new focus at $11,700Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.In doing so, Bitcoin neatly filled the latest gap in CME Group’s Bitcoin futures markets, which lay just below $11,700. BTC/USD 1-day price chart. Source: Coin360A classic move, Cointelegraph predicted on the day that markets would likely attempt to

Bitcoin Price Seals Best Weekly Close in 2.5 Years: 5 Things to Know

Source Node: https://cointelegraph.com/news/bitcoin-price-seals-best-weekly-close-in-25-years-5-things-to-know
Time Stamp: August 10, 2020 5:18 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) greets another week with a push to $12,000 and its highest weekly close since after it hit $20,000 — will it return?Cointelegraph takes a look at five things that stand to impact BTC price performance in the coming five days.BTC: A two-and-half-year record weekly closeBitcoin hitting $12,000 again early Monday was more than just a boon for traders — in doing so, BTC/USD sealed its highest close on weekly time frames since January 2018.This means that no single week of price action ended at such high levels since,