Tags : Calls

Bitcoin

Boom for Bitcoin as Macro Analysts Stick to Their Bearish

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla revealed that it replaced $1.5 billion of its cash reserves with bitcoin, […]Read More

Bitcoin

Calls for Bitcoin Breakout Above $50,000 Grow; 3 Reasons Why

A recent runup in the Bitcoin market has prompted many analysts to see BTC/USD pair closing above $50,000 in the coming daily sessions. The market strategists see the pair doing extensively well despite the sell-off that crashed its prices by more than 21 percent last week—its worst weekly performance since March 2020. This renewed optimism […]Read More

Bitcoin

Calls for Bitcoin Plunge Emerge Over Mysterious $1.5bn BTC Transfer

A high-volumed transfer to a Bitcoin exchange wallet made on February 21 has raised calls for a broader price correction among risk-averse traders. An entity (or a group of entities) credited about 28,000 BTC worth over $1.5 billion to an address that reportedly belongs to OKEx’s over-the-counter services. A Twitterati noted that the OTC address […]Read More

Bitcoin

Career Commodities Trader Calls Bitcoin Chart Parabola “Historic”

Bitcoin blasting above $50,000 per coin made it clear that the parabola would continue, marking the third major parabolic phase in the cryptocurrency’s short lifecycle. Commodities trader Peter Brandt has seen many price charts throughout his storied career. This sort of behavior in an asset is rare, according to Brandt. But three times? That’s “historic,” […]Read More

Bitcoin

Bulls Calls for a $2,000 Ethereum as It Hits Another

Ethereum reached another record level on Tuesday as traders assessed its limited supply against the euphoria surrounding the launch of ether futures on the Chicago Mercantile Exchange next week. The second-largest cryptocurrency almost hit the $1,700-level for the first time in history after rallying for almost eleven months that saw its price rising by more […]Read More

Market

Market Wrap: Bitcoin Drops Briefly Below $33.5K While Ether Calls

Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439. Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours. Bitcoin’s 24-hour range: $33,430-$36,794 (CoinDesk 20) BTC above the 10-hour but way […]Read More

Bitcoin

How Bitcoin Is The Solution To What One Billionaire Calls

Bitcoin has been trading over $20,000 for well over a week now, resulting in more mainstream media coverage, and a wider scope of coverage in the world of finance. It has caused investors, analysts, and billionaires of all kinds to be questioned on their thoughts about the trending cryptocurrency. Responses are a mix of wild […]Read More