Tue Nov 26 9:44 PM

Bitcoin price risks losing ‘critical technical level’ as stocks under pressure

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U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, theBitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingViewCOVID-19 cases in the United...

Bitcoin price ‘bearish alert’ as 140K BTC from Mt. Gox may move for the first time

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Bitcoin (BTC) may see a fresh “bearish signal” in the coming days as the Mt. Gox saga enters its final and possibly expensive phase. As noted by on-chain analytics resource CryptoQuant on Dec. 8, defunct exchange Mt. Gox’s payout deadline is just one week away. Mt....

Market Wrap: Bitcoin Lingers Around $19.4K While ETH/BTC Pairing Hits Bull Mode

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The price of bitcoin is trending up in a low-volume environment. Meanwhile, some rebalancing from bitcoin into ether has been occurring on exchanges since late November. Bitcoin (BTC) trading around $19,363 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s...

StanChart CEO: Widespread Rollout of Digital Currencies Is ‘Absolutely Inevitable’

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The digital currency sphere has had enormous developments geared towards promoting efficient payments.According to Standard Chartered CEO Bill Winters, widespread creation and mass rollout of digital currencies is “absolutely inevitable” due to the evolution of the international payments system. Winters brought out that notion...

Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say

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The path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021, according to Bloomberg analysts.  “Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic,...

First Mover: Bitcoin Below $19K and Customers Flee OKEx

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Bitcoin was lower, pushing prices back down below $19,000 toward where they started the week.  Digital-asset traders have been speculating whether prices would quickly breach $20,000 after the cryptocurrency surged earlier this week to a new all-time high of $19,920. But so far the market...

Psychology, Sell Pressures Keep Bitcoin Below $20K

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Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level.  The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell...

Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops

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Some bitcoin selling on Friday caused its price to decline. Ether options traders appear less inclined to place bets on the asset’s price, as evidenced by lower Deribit volume. Bitcoin (BTC) trading around $18,975 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the...

$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

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A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts,...

Grayscale Sees a New Group of Ethereum-First Investors

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While the Bitcoin system was the first stop for most investors before this year, a growing number of people are paying attention to Ethereum in its own right in 2020, Michael Sonnenshein, managing director at Grayscale Investments LLC, said.  “Over the course of 2020 we...