By CCN Markets: The price of bitcoin (BTC) on Sunday surged above $ 9,300 to establish a fresh year-to-date high. The bitcoin-to-dollar exchange rate touched $ 9,388 at 0600 UTC — its highest since May 30 — on San Francisco-based cryptocurrency exchange Coinbase. The move brought the pair’s net rebound gains close to 200-percent, including a 154-percent since 2019 open alone. It further prompted bitcoin’s market capitalization to jump above $ 165 billion. At its highest, the cryptocurrency’s net valuation was more than $ 327 billion. The steady uptrend in the bitcoin market has coincided with notable volume growth. According to CoinMarketCap’s 24-hour adjusted timeframe, exchanges
Litecoin Price Hits 11-Month High Above $100
The litecoin cryptocurrency was trading in the triple digits earlier on Thursday for the first time since last June.
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Bitcoin (BTC) Price Surges Above $7,000 as the Crypto Market Retakes $200 Billion
The momentum behind the current Bitcoin (BTC) rally is showing no signs of slowing down as the leading digital asset is now up around 12% in Saturday trading to $ 7,150. The major weekend breakout, which is beginning to spread to the rest of the crypto market, started earlier in the week with Bitcoin definitively moving […]
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TRON (TRX) Price Rallies Above $0.03 to Start the Week
The cryptocurrency market has started the week on a fairly quiet note, with TRON (TRX) leading the top-15 large-cap cryptocurrencies. TRX rallied over 10% on Monday to $ 0.031 before pulling back to $ 0.030698, bringing the coin’s market cap to $ 2.05 billion. This latest move higher… You must be a subscriber to continue reading Members can login […]
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Bitcoin (BTC) Rallies Above $4,100 Heading Into the Weekend
The price of Bitcoin (BTC) increased another 1.6% on Friday, bringing the largest digital currency to $ 4,125 as it approaches 2019 highs… You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive […]
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Markets Update: BCH Holds Above $150, RVN and XTZ Explode
In recent market action, bitcoin core (BTC) has struggled to hold above $ 4,000 following four consecutive green weekly candles, while bitcoin cash (BCH) appears to be consolidating above $ 150 after comprising the best performing of the 10 largest crypto assets by market cap of the last seven days. In other news, ravencoin (RVN) and tezos (XTZ) are among the highest capitalized top gaining markets of the past week.
Also Read: 8 Useful Browser Extensions for Cryptocurrency Users
Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High
Shortly after falling from its test of the low $ 4,000s, bitcoin managed to find support in the mid $ 3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:
Figure 1: BTC-USD, Daily Candles, Local Support
The high candle spread rejection following our test of the low $ 4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. Looking into lower time frame charts, we see that we are currently riding on top of both the symmetrical triangle shown above and the prior trading range (TR) sitting just below us:
Bitcoin (BTC) Price Surges Above $4,100 as the February Rally Continues
The price of Bitcoin (BTC) is now up 4% Saturday to $ 4,126, a new high for the year and the first time the largest digital asset has been above the $ 4,000 mark since early January. Earlier in the week, Bitcoin failed to break through $ 4,000 and has spent the last five days consolidating above $ 3,800. […]
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The Party Continues: Binance Coin (BNB) Surges Above $10
Binance Coin (BNB), the token associated with the world’s leading crypto exchange, is currently up around 13% in the last day to $ 10.96, continuing the coin’s impressive run since bottoming in mid-December. Over the last 30 days, BNB has risen over 70% in the lead up to tomorrow’s Binance Chain DEX testnet release. Today’s push above $ 10.75 […]
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Bitcoin (BTC) Surges 8%, Leading the Crypto Market Back Above $120 Billion
The cryptocurrency market has ended the week on a strong note with Bitcoin (BTC) surging over 8% to $ 3,703, its largest one-day gain since December 28. The surge came shortly after Litecoin (LTC) rallied 12% in early Friday trading. Following Litecoin’s lead Bitcoin began moving higher before breaking out around 9:00 AM (EST). The rest […]
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Traders: If Bitcoin Price Fails to Remain Above Mid-$3,500, Expect Rapid Fall to $2,000
In the last 24 hours, the Bitcoin price has slightly recovered from $ 3,451 to $ 3,526 following the announcement of Fidelity to launch Bitcoin custody by the end of the first quarter. The valuation of the crypto market has increased by $ 2 billion overnight as Bitcoin (BTC), EOS (EOS), and Ethereum (ETH) rebounded in the range of one to three percent against the U.S. dollar. Why Bitcoin is Still Vulnerable While the recovery of Bitcoin prevented a further decline in price to the low $ 3,000 region, traders generally agree that the dominant cryptocurrency still remains vulnerable. DonAlt, a cryptocurrency technical analyst,
Ethereum Price Struggles to Hold above $100 as Crypto Winter Grows More Frigid
Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $ 100 mark. Bitcoin, meanwhile, briefly crossed the threshold of $ 3,400. By most accounts, the Bitcoin price is working on a test of the $ 3,000 mark, which is both a psychological and market indicator. Bitcoin Price Likely to Test $ 3,000 The Bitcoin price‘s 3-day chart looks a bit hellish if you’re a bull in this cold weather. Bitcoin has lost $ 200 over the past three days. Average users
Traders: Bitcoin Price Recovery Above $3,400 May Lead to Strong Short-Term Rebound
By CCN.com: On January 22, in a steep a sell-off, the Bitcoin price dropped from $ 3,615 to $ 3,401 by around six percent on the day. Although a continuous fall below the $ 3,400 mark could have led to an extended sell-off throughout January, traders have said that the rebound of Bitcoin from a key support level … Continued
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Bitcoin Analysis: Bullish Correction Still Possible if Price Holds Above $3,550
Bitcoin Price — Quick Take: The bitcoin price dropped more than 8 percent on a 24-hour adjusted timeframe. The cryptocurrency is attempting a pullback from a historically strong support area above $ 3,550. Further breakdown action could lead to a double bottom scenario. The bitcoin price on Thursday plunged more than 8 percent across the Asian
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Bitcoin (BTC) Moves Back Above $4,000 as Major Altcoins Post Double-Digit Gains
The cryptocurrency market moved higher Sunday after Bitcoin (BTC) jumped 6% to $ 4,100 — a price last seen on Christmas Eve. While the weekend rally wasn’t driven by any identifiable fundamental event, the charts of most major coins have been building toward a breakout for the last 2 weeks. Notably, both Litecoin (LTC) and NEO (NEO) […]
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Crypto Market Records Decent Gains But Bitcoin Has to Rise Above $4,500
In the past 24 hours, the crypto market added $ 3 billion to its valuation as Bitcoin (BTC) and Ethereum (ETH) performed relatively well against the U.S. dollar. Several crypto assets in the likes of Litecoin, TRON, and Cardano recorded the largest gains on the day in the range of 6 to 12 percent. Bitcoin Has
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Bitcoin (BTC) Jumps Back Above $4,000 as the Crypto Market Adds $9 Billion
The crypto market has quietly had a very good week with Bitcoin (BTC) regaining the $ 4,000 level in early trading Thursday and Ethereum reclaiming $ 100 two days earlier. Bitcoin is now up 24.4% from where it started on Monday (around $ 3,265), giving the largest cryptocurrency a market cap of $ 70.8 billion. Meanwhile, Ethereum has had an equally good week. […]
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Bitcoin Price Stabilizes above $3,500 as CME Futures Expiry Approach
Bitcoin on Tuesday showed some signs of bottoming out as it consolidated sideways a little above $ 3,500, its psychological support. The BTC/USD is now trading at 3734-fiat, up 1.58% from the previous day close. Meanwhile, the pair is trading inside a range that is no more than $ 230 wide. Though volatile, the choppy price action
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Dead Cat Bounce: Bitcoin (BTC) Price Fails to Break Out Above $4,000
After a rough Saturday where the price of Bitcoin (BTC) plummeted to a new 52-week low around $ 3,625, the crypto market began to show signs of life going Sunday, with Bitcoin reclaiming the $ 4,000 level for several hours. However, the short-lived rally, which saw some altcoins recover more than 30%, has quickly lost steam after BTC failed […]
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Bitcoin Analysis: Price Above $6500 Resistance post US Midterm Elections
Bitcoin on Wednesday challenged new highs as price against the US Dollar surged 1.42 percent within a few hours. The BTC/USD pair built upon the near-term bullish scenario after breaking above the interim resistance explained in our previous analysis. A breakout action above 6421-fiat started attracting long positions towards 6500-fiat as the primary upside target.
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