Crypto Markets

Alt Season Reigns as Big Money Exits the U.S. Dollar

Source Node: https://beincrypto.com/alt-season-reigns-as-big-money-exits-the-u-s-dollar/
Time Stamp: August 17, 2020 4:07 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Open up the keg of powder, it’s time to lock and load. It’s alt season. In July, I predicted a bump of BTC followed by an open alt season. I was right. A perfect storm is bringing back memories of December 2017, and this time big money is looking to exit the U.S. dollar. Duck Season? Rabbit Season? No, Alt Season. It’s official. Alt season is here, and non-bitcoin cryptos are doing what they do best: pump. Total crypto markets have seen a surge from $165 billion in March to

Bitcoin Price Hits 13-Month High of $12,200, Liquidating $22M Shorts

Source Node: https://cointelegraph.com/news/bitcoin-price-hits-13-month-high-of-12-200-liquidating-22m-shorts
Time Stamp: August 17, 2020 9:49 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) triggered $24 million of liquidations on BitMEX alone Aug. 17 as a fresh move saw markets reclaim $12,000.Cryptocurrency market daily snapshot, Aug. 17. Source: Coin360BTC price “clear fake-out” costs shorters bigData from Cointelegraph Markets and Coin360 showed BTC/USD hitting $12,200 briefly on Monday.A subsequent correction managed to erase the gains and more, bouncing at $11,785 to recross the $12,000 mark — all within a matter of minutes.At press time, Bitcoin circled $12,080, equating to 24-hour gains of 2.5% and the highest price for over a year.BTC/USD 24-hour chart.

Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches

Source Node: https://cointelegraph.com/news/bulls-stampede-toward-12k-bitcoin-price-as-weekly-close-approaches
Time Stamp: August 15, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occursDespite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levelsChainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430Cryptocurrency daily market performance snapshot. Source: Coin360Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed. Experienced traders will also know that exchange order books

$12K Bitcoin Price in Sight as Retail, Institutional Traders Turn ‘Greedy’

Source Node: https://cointelegraph.com/news/12k-bitcoin-price-in-sight-as-retail-institutional-traders-turn-greedy
Time Stamp: August 14, 2020 12:14 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12K mark. This comes after a week of bullish news which included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S. dollar, Coinbase exchange offering Bitcoin-backed loans, and the revelation that BlackRock and Vanguard are major holders of MicroStrategy shares.Cryptocurrency daily market performance snapshot. Source: Coin360The increasingly bullish sentiment extends across the entire crypto sector and proof of this comes from altcoins

Bitcoin Price Suddenly Drops by $500 in Seconds to Fill Futures ‘Gap’

Source Node: https://cointelegraph.com/news/bitcoin-price-suddenly-drops-by-500-in-seconds-to-fill-futures-gap
Time Stamp: August 10, 2020 7:13 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) dropped several hundred dollars in seconds on Aug. 10 as $12,000 once more proved too hot to handle. Cryptocurrency market daily snapshot Aug. 6. Source: Coin360BTC price finds new focus at $11,700Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.In doing so, Bitcoin neatly filled the latest gap in CME Group’s Bitcoin futures markets, which lay just below $11,700. BTC/USD 1-day price chart. Source: Coin360A classic move, Cointelegraph predicted on the day that markets would likely attempt to

Bitcoin Price Tackles $12,000 After Breaking Through a Key Resistance Zone

Source Node: https://cointelegraph.com/news/bitcoin-price-tackles-12-000-after-breaking-through-a-key-resistance-zone
Time Stamp: August 9, 2020 11:53 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Within the last hour Bitcoin (BTC) price pushed through the $11,800 resistance and finally made its way back above $12,000. Crypto market daily price chart. Source: Coin360The sharp upside move came after a relatively quite weekly close as altcoins like Chainlink (LINK) and Band Protocol (BAND) had been basking in the spotlight with daily double digit-gains.  As mentioned earlier by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price had been consolidating into a pennant on the daily timeframe, thus a breakout to $12K was expected by many traders. Upadhyay said: “The BTC/USD pair has formed a

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

Source Node: https://cointelegraph.com/news/bullish-bitcoin-price-trend-intact-even-after-btc-retests-114k-support
Time Stamp: August 7, 2020 9:48 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

 Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investorsDespite the pullback to the $11.4K support, Bitcoin price remains in an uptrend Crypto market daily price chart. Source: Coin360Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909.The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the

Bitcoin And Stocks Rally Despite Declining Correlation

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-and-stocks-rally-despite-declining-correlation/
Time Stamp: August 6, 2020 10:37 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Sure, it was loosely correlated for a while there, but by now, bitcoin and the crypto markets are once again able to claim independence from the traditional markets. In short, and even though measuring correlation can be quite complex, I think this graph pretty much sums it up. What we’re seeing here is the 90-day Pearson correlation between bitcoin and the S&P 500 since 2011. We can clearly see earlier this year, where the correlation spiked up to 0.6 due to the multi-asset early-pandemic sell-off. By now, however, we’re once

Bitcoin breaks $11,500 as sentiment metrics show it’s still undervalued

Source Node: https://cryptoslate.com/bitcoin-breaks-11500-as-sentiment-metrics-show-its-still-undervalued/
Time Stamp: August 1, 2020 2:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The DeFi-induced bullrun has arguably pushed the crypto market upwards the past week, with Bitcoin, Ethereum, and other major cryptocurrencies giving gains of over 10-15 percent to investors.Data feeds from one quantitative on-chain data provider prove the above, with sentiment metrics, in particular, paving the path for even higher prices.Bitcoin public sentiment increasesData on The TIE — a provider of alternative data for digital assets that quantifies investor perceptions on hundreds of digital assets — shows Bitcoin is showing bullish action in both short- and mid-term trades.The chart below maps