Many cryptocurrencies are showing signs of buying but traders are cautious as they are yet to break above their critical resistance levels. The White House and Senate leaders finally agreed… Read more »
Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels. Traditional markets continue to post almost daily losses while Bitcoin price has… Read more »
The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared…. Read more »
Crude oil prices plunged about 30% on Monday to the lowest levels seen since Feb. 2016. This triggered a sell-off in global equity markets, which were already reeling under the… Read more »
Roughly 42% of the total Bitcoin supply has not moved in the past two years. This shows that the investors are holding on to their Bitcoin as they expect the… Read more »
Grayscale Investments managing director Michael Sonnenschein said that “Bitcoin itself has solidified its role as a store of value or as a digital gold.” In his conversations with institutional investors,… Read more »
Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in… Read more »
Investors may interpret the current correction in cryptocurrencies as a long overdue pullback and purchasing opportunity. The equity markets sold off sharply on Feb. 24 and 25. Even gold, a… Read more »
Binance CEO Changpeng Zhao believes that the upcoming Bitcoin halving has not been priced in to the digital asset’s current price action. The reduction in miner rewards will increase the… Read more »
The current pullback has resolved the overbought state of many cryptocurrencies and after a few days of consolidation the uptrend is likely to resume. After Bitcoin (BTC) scaled above $10,000… Read more »