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$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

Analyst Who Called Bitcoin’s Move to $3,000s Thinks This Comes Next

Source Node: https://bitcoinist.com/analyst-who-called-bitcoins-3000s-comes-next/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-who-called-bitcoins-3000s-comes-next
Time Stamp: August 13, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is pressing higher after consolidating in the mid-$11,000s for a number of days. As of the time of this article’s writing, the leading cryptocurrency trades for $11,800. BTC is up 2% in the past 24 hours, underperforming Ethereum’s 10% performance. A historically accurate analyst expects Bitcoin to press lower towards $11,000 one more time, then potentially break out. This is a sentiment differing from other analysts, who argue that Bitcoin is likely to break higher right away. Bitcoin Could Drop Towards $11,000 Once Again, Says Trader Who Predicted $3,000s

FAANG stocks And Digital Assets Are Flying

Source Node: https://www.bitcoinmarketjournal.com/faang-stocks-and-digital-assets-are-flying/
Time Stamp: August 13, 2020 1:57 PM - Modified On: May 21, 2021 - Published By:
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Which would you prefer, a large pizza split into eight slices, or a large pizza split into 12 slices? A normal, rational person might suggest that it really doesn’t make much of a difference, as it’s really the same amount of pizza. This poor Australian girl, however, will probably never live down the time her “friend” Brad filmed her saying that she’d prefer eight slices, because she couldn’t possibly eat 12 slices of Pizza. Well, today Jen can finally point out that the eternity of new-wave momentum traders are giving

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 Crypto Trader Thinks Ethereum Could Plunge Towards $300 as Momentum Slows

Source Node: https://bitcoinist.com/ethereum-could-plunge-towards-300/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-could-plunge-towards-300
Time Stamp: August 11, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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After Bitcoin and Ethereum attempted to surge past $12,000 and $400, respectively, the momentum has tapered off. Over the past day, the leading cryptocurrencies have plunged lower despite a weakening U.S. dollar. As of the time of this article’s writing, ETH is down 2.85% in the past 24 hours and now trades for $385. Analysts say that Ethereum is primed to move towards $300 as last week’s highs hold as resistance. The bearish sentiment can be corroborated by the trajectory of gold, which has flipped negative after a strong rally

Five Signs The 30% Band Protocol (BAND) Correction Is Just Starting

Source Node: https://bitcoinist.com/five-signs-the-30-band-protocol-band-correction-is-just-starting/?utm_source=rss&utm_medium=rss&utm_campaign=five-signs-the-30-band-protocol-band-correction-is-just-starting
Time Stamp: August 11, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Band Protocol is one of August’s best-performing crypto assets, right behind the showstopping Chainlink and other hot tokens. The altcoin is up over 300% month to date, but a 15% correction began overnight. Is this just a healthy pullback, or will the asset retrace further than most investors are prepared for? Here are five bearish signals that the Band crash may only be beginning.  DeFi And Decentralized Oracles Spark Mini-Crypto Bubble, 300% Returns Month-to-Date The cryptocurrency market is on fire, with nearly every asset posting major gains over the last

Web Traffic on Global Crypto Exchanges Surged 13% in July

Source Node: https://cointelegraph.com/news/web-traffic-on-global-crypto-exchanges-surged-13-in-july
Time Stamp: August 10, 2020 8:59 AM - Modified On: May 21, 2021 - Published By:
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Global crypto exchanges have reportedly seen a significant increase in web traffic in July as cryptocurrency prices gained momentum.According to data from crypto analytics startup ICO Analytics, web traffic on global crypto exchanges increased by 13% on average in July 2020. Illia Kmez, head of content at ICO Analytics, told Cointelegraph that centralized crypto exchanges added 26% in web traffic since December 2020. In order to provide calculations, the startup analyzed web traffic of around 100 exchanges including international trading platforms and exchanges that only operate in one country, Kmez said.While

A $15K Bitcoin Likely As Price Breaks Above “Multi-Year Bullish Triangle”

Source Node: https://bitcoinist.com/a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle/?utm_source=rss&utm_medium=rss&utm_campaign=a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle
Time Stamp: August 10, 2020 1:11 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin expects to hit a $15,000 valuation in the coming sessions, says full-time futures trader Adam Mancini. The Twitterati stated earlier Monday that BTC/USD closed above a “multi-year bullish triangle” by almost $2,000. The pair’s giant move above the “continuation pattern” increased its likelihood of testing short-term breakout targets, beginning with $15,000. Mr. Mancini said Bitcoin could extend its upside towards $24,000, as well. “[The cryptocurrency] may be the new kid on the block but the same old classic patterns that apply to all financial assets still apply,” he tweeted.

Number of Bitcoin Cash Whales Drop Following 39% Price Surge

Source Node: https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge
Time Stamp: August 9, 2020 11:58 PM - Modified On: May 21, 2021 - Published By:
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Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales

Here’s Why Analysts Are Expecting For Ethereum To Drop Back Towards $370

Source Node: https://bitcoinist.com/analysts-expecting-ethereum-drop-back-towards-370/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-expecting-ethereum-drop-back-towards-370
Time Stamp: August 9, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, following Bitcoin’s lead, is effectively flatlining into the week’s close around $390. This is above critical support levels, though bulls are not yet convinced that ETH is primed to move higher. Analysts say that ETH could actually drop towards the $370 level, then push higher. Multiple analysts agree with this line of reasoning, citing a variety of technical reasons. Ethereum does have a positive fundamental case, though, that may limit downside. What may also limit the downside for the leading cryptocurrency is strength in the price of Bitcoin. Ethereum

Analysts Expect Chainlink (LINK) Reversal After 50% Eruption to $14

Source Node: https://bitcoinist.com/analysts-chainlink-link-reversal-after-eruption-14/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-chainlink-link-reversal-after-eruption-14
Time Stamp: August 9, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Chainlink (LINK) has erupted higher in the past week, recently crossing above $14 for the first time ever. The asset trades at $14.40 as of this article’s writing, which means that it is up by approximately 20% in the past 24 hours. The asset’s outperformance comes as Bitcoin, Ethereum, and other major crypto-assets have stalled at local highs. LINK is prepared to drop from here, say some analysts as certain technicals suggest the bull trend is weakening. Chainlink Could See a Bearish Reversal, Analysts Say Hands down, Chainlink (LINK) has