By CCN Markets: Bitcoin is up more than 151 percent against the U.S. dollar year-to-date at $ 9,300, surpassing most assets and stock indices in the likes of Nasdaq 100 and S&P 500 with ease in six-month performance. With the block reward halving of bitcoin on the horizon and the inflow of institutional capital consistently on the rise, the sentiment around the crypto market remains positive. Why this trader says Libra will not negatively affect bitcoin Libra, a crypto asset developed by the Libra Association, a consortium based in Switzerland founded by major conglomerates including Facebook, Visa, Mastercard, Lyft, Uber, Booking
By CCN Markets: The Dow and broader U.S. stock market extended their rally Wednesday morning following news that the United States and China will resume trade negotiations ahead of a key presidential summit in Japan next week. The Dow’s return to record highs now hinges on the Federal Reserve, which is set to wrap up its June policy meeting in the next few hours. Dow Extends Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes traded higher after the open, reflecting a fairly upbeat pre-market for Dow futures. The benchmark Dow Jones Industrial Average climbed 48.03 points, or
By CCN Markets: Over the past three months, the bitcoin price has risen from $ 3,911 to $ 8,120 against the U.S. dollar on major crypto exchanges, demonstrating strong momentum supplemented with a clear rise in volume. In recent weeks, the interest towards bitcoin on Baidu, the most widely utilized search engine in China, spiked significantly to 2018 levels, which could potentially indicate an increase in the demand for the asset by retail investors. Tether volume similarly indicates a rise in interest towards bitcoin In China, it is not illegal to own or store bitcoin as said by the Bank of China’s
Last week, TRON Foundation CEO Justin Sun sent both TRON (TRX) and BitTorrent (BTT) higher after teasing a possible future announcement on Twitter. Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $ TRX $ BTT — Justin […]
Bitcoin’s (BTC) surge in price over the past few weeks has caught the attention of both hardcore cryptocurrency enthusiasts and mainstream investors alike. While the utility of Bitcoin has certainly increased in the past year, with advancements in both the overlying infrastructure and transaction efficiency, some institutions and analysts continue to tie its intrinsic value […]
eToro senior market analyst Mati Greenspan thinks Bitcoin’s (BTC) next parabolic run is still in its early stages. In a recent interview with Bloomberg, Greenspan touched on the latest price action that saw Bitcoin surge over $ 8,000 this week. While the largest digital currency has since pulled back to around $ 7,000, Greenspan is very bullish on the leading […]
The bitcoin price has broken $ 8,000 for the first time since July 2018, with most cryptocurrencies trading in the green. The rally has sent “bitcoin” to the top of the Baidu hot searches (China’s equivalent of Google Trends) as of May 14, 2019.
As of press time, bitcoin is trading at around $ 8,135, up over 15 percent over the past 24 hours and nearly 40 percent in the week. While no one is sure why bitcoin has skyrocketed, many believe there are several factors driving the surge.
Bitcoin (BTC) is currently having its best week in months after rallying over 20% to move above $ 5,000 for the first time since November. While Bitcoin moving above its 200-day moving average has been seen as a bullish sign by many, a recent report by Bloomberg indicates that the surge has pushed Bitcoin into overbought territory, […]
Bitcoin cash leads the crypto market rally this week, jumping over 50% within 24 hours, a new BCH wallet uses the Cash Accounts protocol, and the first Bitcoin Cash based token has been listed on an exchange. All that and more in this week’s video news update with Roger Ver shared on Bitcoin.com’s Youtube channel.
BCH Catapults Back Into the Top 5
The impressive crypto market rally this week was led by bitcoin cash. The price of BCH spiked well over 50% within just 24 hours on Tuesday, April 2. The cryptocurrency reclaimed its place in the top five digital coins, reaching a market capitalization of over $ 5 billion.
Bitcoin (BTC) is currently having its best week in months after the leading digital currency moved above $ 5,000 for the first time since November. While the rally has paused over the last few days as the market locks in recent gains, eToro senior market analyst Mati Greenspan thinks Bitcoin could go significantly higher before running into real resistance. […]
Former Goldman Sachs partner Mike Novogratz believes investors should sell the recent Litecoin (LTC) rally, emphasizing his belief that Litecoin is nothing more than a glorified Bitcoin (BTC) testnet and comparing the digital assets to silver and gold. In a recent tweet, Novogratz came out swinging by comparing the value and relative utility of gold and […]
The price of NEO (NEO) is currently up 8.6% over the last 24 hours to $ 10.23 as the altcoin approaches its 2019 highs from February. NEO has been moving higher for the last few days since hitting a short-term bottom at $ 8.80 on March 26… You must be a subscriber to continue reading Members can login […]
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. […]
Last week, JPMorgan (JPM) took the fintech world by storm when it revealed that it has been developing JPM Coin, a new Ethereum-based stablecoin that serves as a means to instantly settle payments between clients. As we reported at the time, the cryptocurrency market failed to move higher, suggesting a lack of interest from established market […]
Tezos (XTZ), a blockchain platform that features a self-evolving upgrade system, has quietly been one of the best performing large-cap cryptocurrencies over the past week. 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 […]
Shortly after the London Open, the entire crypto market saw a strong round of buying. Some coins broke their highest volume seen since the beginning of the bear market, and several others broke straight through overhanging resistance levels. Bitcoin, too, enjoyed a nice rally, rising almost 11% in just a few short hours:
Figure 1: BTC-USD, 4-Hour Candles, Early Morning Rally
This rally was very strong and sudden, running the stops of many late shorters in the crypto market. Zooming out to the daily view, we can see just how strong the move was as it nearly tripled the previous day’s trade volume on very high spread:
The Dow Jones Industrial average barreled above 25,000 for the first time in two months Wednesday, posting a 435 point gain in a massive one day rally, and charting a market breakout attempt against major resistance. Dow Barrels Past 25,000 The rally follows a Tuesday of mixed results in U.S. equities markets with the NASDAQ and S&P 500 in the red for the day (by troubling 0.81 percent and 0.15 percent declines, respectively) and the Dow only barely in the green with a 51-point (or 0.21 percent) gain. There was a general updraft in U.S. equities with the S&P 500
Tesla will be presenting its reports for the fourth quarter once the trading bell goes off today, January 30, 2019, in a make or break moment for a company that is already going through a lot. After the company posted a blowout third quarter for last year, with profits exceeding Wall Street expectations and revenues reaching almost $ 7 billion in total, it is widely anticipated that the automobile giant will pull back a bit in Q4 2018 due to bond payments. Today’s report will reveal the financial health of the company, and whether or not it will be able to avoid
The past 12 months haven’t been easy for any bitcoin bull, but perhaps no cryptocurrency proponent has had a worse time than Tom Lee, the Wall Street strategist who predicted that the bitcoin price would hit $ 25,000 by the end of 2018 and must now reckon with the result of that forecast every time he goes back on television. Tom Lee Sticks by Bitcoin Price Forecast But Drops Timeline The Fundstrat Global Advisors founder’s latest dish of humble pie was served up courtesy of Stuart Varney, who interviewed Lee last Friday for the Fox Business Network. Varney asked Lee whether
By CCN.com: In the last 24 hours, seemingly unaffected by the withdrawal of the Chicago Board Options Exchange (CBOE) and VanEck Bitcoin exchange-traded fund (ETF), the Bitcoin price has remained stable at $ 3,500. Based on the relatively strong performance of major crypto assets, it is likely that many investors generally considered the probability of a
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