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Bitcoin

Bitcoin Weekly Outlook: Yields Continue to Pressure BTC/USD Downwards

Key Bitcoin Takeaways: Bitcoin posts strong recovery during the weekend session but looks weaker at the new week’s beginning. MicroStrategy’s relentless accumulation of the cryptocurrency and the US government’s additional stimulus package provide tailwinds to the price rally. Meanwhile, upbeat long-term Treasury yields weaken Bitcoin’s appeal. The bitcoin price retraced from its upside weekend session […]Read More

Bitcoin

Bitcoin Weekly Outlook: Rising Yields Continue to Threat Uptrend

It happened last weekend. Bitcoin managed to close above $40,000 for the third time since January 8. But again, the benchmark cryptocurrency got bull-trapped by daytraders who sold off the said level to secure short-term profits. As a result, Bitcoin opens the new week in a negative area, with traders still assessing its short-term market […]Read More

Market

Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin has shed much of the weekend’s stellar gains, as relatively cheap alternative cryptocurrencies play catchup with the crypto market leader. At the press-time price of around $29,000, bitcoin is down over 13% on a 24-hour basis, according to CoinDesk 20 data. Prices have declined by well over $4,000 in the last two hours, having […]Read More

Bitcoin

There is 59% Chance for Bitcoin to Continue Its Bull

Bitcoin held on to $27,000 for most of Tuesday after setting its record high of $28,387 earlier in the week. The benchmark cryptocurrency opened higher at $27,039 and hit an intraday low of $25,833 in early trade volatility. However, traders treated the downside correction as their cue to accumulate at cheaper rates. A retracement ensued, […]Read More