Bitcoin has dropped another $200 from yesterday, and is now trading for about $9,300. This is a $500 drop from the currency’s recent high of $9,800, proving that it was unable to test the $10K line in what was its second attempt since mid-March. While it is disappointing to see such a drop take place, there is good news afoot that bitcoin is managing to withstand present resistance levels. The currency has dropped not by $2,000 or even $1,000 – the fall incurred consists of $500. To put things bluntly, “it could have been worse.” A lot worse, and thePowered by WPeMatico
Cryptocurrency markets are seeing some gains today as most digital assets are up over the past 24-hours between 3-15 percent. Bitcoin Cash (BCH) values spiked considerably during the day’s trading sessions on May 5 touching a high of $1,740 per BCH. At the time of publication, the price of BCH is hovering around $1,720 per […]
Bitcoin now sits beyond the $9,800 mark. This is a $200 rise from yesterday’s $9,600, which in turn was about $200 more than bitcoin’s previous high. Sentiment is growing that the currency could surpass $10K as early as next week. According to one analyst, bitcoin needed to jump past $9,200 to increase its “bullish profile,” which would ultimately get confirmed at a trading figure of $9,500. He further states that moving past $9,600 would enable further bullish trends. This has ultimately occurred, and the bull run bitcoin is enjoying is likely to continue into the summer months. In the meantime,
At press time, bitcoin is trading for $9,600. This is $100 higher than yesterday’s price, and roughly $500 more than where it stood at the beginning of the week. The currency was experiencing strong resistance between $9,000 and $9,300, but has since moved past its technical barricades and has passed the $,500 point. $10,000 is likely right around the corner as the currency prepares for further bullish behavior. So far, the currency has risen nearly five percent since Monday, and adoption continues to grow in regions of Asia, thus boosting the currency’s popularity and power. Hardware wallet company Tangem, for
After heavy speculation over the past few days regarding whether bitcoin could break newfound resistance levels, the currency has spiked to approximately $9,561 at press time. This is the highest point for bitcoin since it struck $9,000 in mid-March, and it looks as though $10,000 may be right around the corner. Perhaps the biggest pusher for bitcoin has been Goldman Sachs. The company will soon be opening a bitcoin trading operation, according to New York Times journalist Nathaniel Popper. It is alleged to be the first bitcoin trading platform in cahoots with a Wall Street bank. Goldman executive Rana Yared
Bitcoin is currently trading for $9,100. This is a $200 spike from yesterday’s $8,900 price, which was $400 less than where it had been trading previously. It appears $9,000 is offering strong resistance levels for bitcoin, and the currency is having a hard time crossing the latest boundaries. The market appears more mixed than ever when it comes to digital assets. On one hand, you’ve got companies like meat mogul Oscar Meyer entering the crypto-space and looking for any way to potentially get in on the action that’s had America by the robe since bitcoin’s previous high of $19,000 last
Cryptocurrency markets are seeing some action today as digital asset values have been fluctuating over the past 72 hours. During yesterday’s trading sessions a lot of digital currencies dropped anywhere between 2-6 percent but many are erasing some of those losses today. On April 28, BTC/USD markets touched a high of $9,538 but dipped below […]
Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to stay here for much longer. Prior to the drop came a bitcoin trading ban in Iran. The country has long allocated fears and rising concerns due to money-laundering, volatility and the loss of investor assets, and now it appears they’ve become too much to bear. Crypto trading – predominantly bitcoin trading – was halted in Iran earlier this week, and
Bitcoin is holding its ground at $9,300. The currency has been sitting at this mark for several days, and while the price hasn’t necessarily dropped, it hasn’t jumped forward either. This suggests that bitcoin is encountering newfound resistance at its present level, and perhaps $10,000 is not as close as we originally thought. Though support remains relatively firm at the current price, bitcoin could potentially experience spikes to $11,700 and even $12,000 respectively granted it is able to move above the $9,500 mark. Once this resistance is broken, we may witness bitcoin firing forward at a rapid rate. The upside
This week the website Bitcoin.com, the go-to web portal for all things Bitcoin, has launched ‘Satoshi Pulse’ a cryptocurrency market capitalization page that shows total digital asset market valuations, current prices, hourly – daily – weekly percentages, charts and more. Just like the rest of the informative resources and tools hosted on our website, with […]