Bitcoin 

Bitcoin Price Bounces Off Key Moving Average as Bulls Avoid Death Cross

Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been fairly uneventful, with many price fakeouts.  Bitcoin’s daily candle bounced off its 50-day moving average (MA) as support on Nov. 12, although the industry’s flagship asset once again faces resistance at its 0.5 Fibonacci retracement level, which could also be considered its range equilibrium.  The asset sits strongly below the $9,000 mark at press time, at a price of $8,766.70. Crypto…

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Bitcoin 

Bitcoin Price Stays Static at $8,800 as NEO, BNB Steal the Limelight

Bitcoin price (BTC) continued its daily trading pattern on Nov. 13, hovering just under $8,800 after losing support at $9,000.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin tracks sideways below $9K Data from Coin360 showed another lackluster day for BTC/USD, with little progress over the past 12 or 24 hours.  The week had begun with Bitcoin losing its foothold higher up, exiting a trading corridor between $9,000 and $9,500 and so far failing to reclaim it.  Bitcoin seven-day price chart. Source: Coin360 As Cointelegraph reported, analysts had remained broadly bullish…

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Bitcoin 

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $8,800

Tuesday Nov. 12 — Cryptocurrency markets are largely trading sideways with many changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle the $8,800 price mark. The world’s largest cryptocurrency bounced off a local low of $8,705 earlier today before moving to its current trading price at around $8,750, showing a small gain of 0.27% on the day. BTC daily price chart. Source: Coin360 Bitcoin continues…

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Bitcoin 

Bitcoin Price Falls Below $9K as Bears Back in Control Eyeing $8.2K

Bitcoin price (BTC) fell almost 5% on Monday morning, finding lows of $8,593, completely reversing the weekend recovery back above the $9,000 handle and below the lows of the prior week. As we have seen recently, all other major cryptos have followed suit, with Ether (ETH) managing to perform better against the U.S. dollar than its peers, but still losing value.  With a poor start to the week, let’s dive into the charts to see if an end to the bleeding is in sight for Bitcoin, which continues to lead…

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Bitcoin 

Bitcoin Price Gains Above $9.1K as Ether Looks to Rally to $285

To a new investor entering the crypto-space sights like today’s 3.5% pump to $9,141 is enough to make you giddy with excitement about the future of cryptocurrency. But is it that impressive? After all, Bitcoin (BTC) price was $9,300 last week, which is $200 higher than it is now. So let’s take a look at some of the factors causing, and fuelling these swings. Daily crypto market performance. Source: Coin360.com Bitcoin CME gap  Bitcoin price (BTC) took a dive from $9,265 and closed at $8,804.88 on Friday, November 8th, in…

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Bitcoin 

$500K Bitcoin Price ‘Flippening’ of Gold Will Come by 2028

Bitcoin (BTC) will surpass the market cap of gold and could ultimately be worth $1 million, well-known industry figure Bobby Lee has said.  In a series of tweets on Nov. 10, Lee, who co-founded Chinese cryptocurrency exchange BTCC and now runs a Bitcoin wallet startup, became the latest voice in the expanding debate on Bitcoin versus gold.  Lee: BTC market cap to hit $8 trillion Gold’s market cap is $8 trillion, while Bitcoin’s is just $160 billion. While around fifty times lower at present, Lee thinks a reversal could come…

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Ethereum 

Bitcoin Price Hovers Under $8,800 as Top Altcoins See Minor Gains

Saturday, Nov. 9 — most of the top 20 cryptocurrencies are reporting minor gains on the day at press time, as Bitcoin (BTC) hovers under the $8,800 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 0.27% on the day, trading at around $8,795 at press time, according to Coin360. Looking at its weekly chart, the coin is down by almost 5.5%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph recently reported, yesterday Bitcoin fell below $9,000 and lost over $200 in an hour. Ether (ETH)…

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Bitcoin 

Why Did Bitcoin Price Drop Below $9,000? A Pivotal Weekend Ahead

Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day moving average which has been acting as support since reclaiming it in the final week of October. Almost all other crypto-assets have also suffered a valuation loss against the U.S. dollar, but there has been some resilience shown in both Ether (ETH) and EOS, which have continued to outperform Bitcoin over the last week. Cryptocurrency market daily view. Source: Coin360 Why Bitcoin broke down from $9,000 BTC USD Daily…

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Bitcoin 

Bitcoin Falls Below $9,000 as Price Teases Trading Corridor Breakdown

Bitcoin (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move. Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday.  Bitcoin flickers bearish That corridor had broadly characterized the largest cryptocurrency since the end of October. A brief spurt beyond to $9,520 was soon met with resistance, while a dip into the $8,000 range was also short lived. In daily trading, Bitcoin hit local lows of $8,980 before…

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Bitcoin 

3 Reasons Why One Trader Didn’t ‘Manipulate’ Bitcoin Price to $20K

Bitcoin (BTC) price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims. In a series of tweets on Nov. 4, Jeremy Allaire disputed recent research which claimed Bitcoin’s bull run to $20,000 was the result of efforts by a single wallet holder.  Circle CEO: Research fails to understand exchanges The findings are currently featuring as part of the $1.4 trillion lawsuit against stablecoin Tether (USDT). Its issuance, researchers argue, coincided with Bitcoin price jumps.  For Allaire, however, the…

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