analyst

If Bitcoin Hits $8K, What Will Happen Next?

Source Node: https://cointelegraph.com/news/if-bitcoin-hits-8k-what-will-happen-next
Time Stamp: April 9, 2020 12:48 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed in on Bitcoin’s short term and long term future in Cointelegraph’s latest crypto market discussion video.Will Bitcoin Make it

Bitcoin Price Breaks $7K But Must Defend it to Avoid $5.2K — Analyst

Source Node: https://cointelegraph.com/news/bitcoin-price-breaks-7k-but-must-defend-it-to-avoid-52k-analyst
Time Stamp: April 6, 2020 3:21 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) finally retook $7,000 on April 6 after days of posturing culminated in a sudden surge as the new week began.Cryptocurrency market daily overview. Source: Coin360BTC price exits $6K… againData from Coin360 and Cointelegraph Markets showed BTC/USD exiting the $6,000 range in a snap move which took markets to three-day highs of $7,080.While holding at press time, it remained to be seen whether Bitcoin could sustain support at $7,000, or whether the latest push would copy others from last week in fizzling in a matter of hours.Bitcoin 1-day price

Massive Demand for Tezos could lead to an Unprecedented Price Hike

Source Node: https://insidebitcoins.com/news/massive-demand-for-tezos-could-lead-to-an-unprecedented-price-hike/256601
Time Stamp: April 5, 2020 12:05 PM - Modified On: May 21, 2021 - Published By:
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The Tezos cryptocurrency has done well in the market, with steady gains since last year. At a point a few months ago, the crypto coin reached an all-time high as its bullish trend reached its pinnacle.Tezos (XTZ) is not about to roll back, with the high level of demand it has received within the past few days picking up pace.The recent slump in crypto demand last month almost cut off its consolidated gains for the past few months. However, XTZ is gradually picking up and showing signs that could lead

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

Source Node: https://cointelegraph.com/news/bitcoin-stays-below-7k-as-tone-vays-predicts-price-breakout-in-april
Time Stamp: April 4, 2020 5:31 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.Cryptocurrency market daily overview. Source: Coin360Vays: I’ll buy BTC at $6,400Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800.Bitcoin 1-day price chart. Source: Coin360Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish

Google Chrome Leads the Pack, but Privacy-Oriented Browsers Gain Traction

Source Node: https://cointelegraph.com/news/google-chrome-leads-the-pack-but-privacy-oriented-browsers-gain-traction
Time Stamp: April 3, 2020 8:12 AM - Modified On: May 21, 2021 - Published By:
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In recent months, big-name players like Google and Apple have been going the extra mile to showcase their privacy features to the world. However, as most people are now aware, these multinational companies have business models that are centered around collecting and aggregating the data of their customers. In this regard, growing interest in privacy-first browsers like Brave clearly suggests a collective increase in internet users’ concern over how their personal information is being accumulated, stored and utilized on a day-to-day basis.Individuals all over the globe have become so accustomed to

Staked Token Supply Doesn’t Correlate with Price, Says Messari Analyst

Source Node: https://cointelegraph.com/news/staked-token-supply-doesnt-correlate-with-price-says-messari-analyst
Time Stamp: April 3, 2020 3:31 AM - Modified On: May 21, 2021 - Published By:
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As cryptocurrency markets are highly volatile, crypto players can’t stop arguing about what really impacts the price of certain coins and what does not.Some crypto pundits believe a larger amount of tokens staked in Proof-of-Stake (PoS) blockchains could push the price upwards by reducing the circulating supply, making the remaining tokens more valuable. But blockchain and crypto analytics firm Messari has crunched the numbers and reports that there is little correlation between the two.Announcements correlate with price thoughIn an April 1 blog post, Wilson Withiam, a researcher at the Messari

Bitcoin Surges by 10%, Gold and Stocks Also in the Green

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-surges/
Time Stamp: April 2, 2020 4:58 PM - Modified On: August 29, 2021 - Published By:
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We’ve been seeing new hockey stick graphs every day lately and today is no exception. The weekly jobless data just came out from the U.S. and the numbers were even worse than any analysts had guessed. This chart shows the number of Americans who filed for unemployment for the first time last week. Notice that the number is almost exactly double the average analyst forecast (gold bar). In total for the last two weeks, that makes nearly 10 million people out of work due to the virus fears. That’s about

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving
Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:
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Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

Bitcoin Price Fills $6.6K CME Gap as Technical Metrics Flip Bullish

Source Node: https://cointelegraph.com/news/bitcoin-price-fills-66k-cme-gap-as-technical-metrics-flip-bullish
Time Stamp: April 1, 2020 11:43 AM - Modified On: August 29, 2021 - Published By:
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Bitcoin (BTC) delivered few surprises on April 1 as steadier trading conditions prevailed for a third day and volume remained low.Cryptocurrency market daily overview. Source: Coin360BTC price shoots to plug futures gapData from Coin360 and Cointelegraph Markets painted a decidedly lackluster April Fool’s Day 2020 for Bitcoin, which since March 30 had traded in a narrower corridor between $6,100 and $6,600.Compared with volatility earlier March, conditions were a relief for traders, while compared with the same time last year, the overall picture remained less enthusiastic.As Cointelegraph reported at the time,

Bitcoin and Visa Transactions Plunge But Pizza Deliveries Are Up

Source Node: https://cointelegraph.com/news/bitcoin-and-visa-transactions-plunge-but-pizza-deliveries-are-up
Time Stamp: April 1, 2020 3:22 AM - Modified On: August 29, 2021 - Published By:
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Online purchases using Bitcoin (BTC), Visa, and some retail apps are down for the first quarter of 2020, spanning cryptocurrency and fiat currency transactions.With many around the world self-quarantining or otherwise recommended to stay inside to prevent the spread of COVID-19, one might assume there would be an increase in online purchases and deliveries. Yet with unemployment on the rise and an uncertain economic future, it seems consumers want to save their money rather than spend it.Bitcoin transactions rivaling those during crypto winterThe crypto market is not exempt from this