Crypto media outlets and social media teem with price forecasts for Bitcoin and other cryptocurrencies. Bitcoin maximalists are usually confident that the market has stellar prospects while supporters of government regulation, stock markets, banks and other “traditional values” often make downward forecasts or even predict the collapse of the entire industry.
Bitcoin (BTC) is changing hands at around $11,450 on Monday, mostly unchanged since the beginning of the Asian session, and could be preparing for the next major move either above $11,500 or towards $10,800.
Bitcoin has had the wildest price swings in June out of all cryptocurrencies with the market cap of above $4 billion. According a report by The Block, Bitcoin has reached an annualized volatility of 102% in June, trailed by Litecoin (~98%) and EOS (~97%). The least volatile major cryptocurrency has been BNB with 76%, followed […]
Following the recent surge past the $8,500 mark, on Thursday, May 30, Bitcoin has hit another milestone for the year, surging past $9,000 on Bitstamp and other major exchanges.
The price of Bitcoin is up more than 25% in the past few days having shortly jumped over $7,500 mark on Sunday, May 12. This is the highest level since early August 2018, with the flagship cryptocurrency setting a new multi-month high for the fifth day in a row now and having rallied for over […]
On Tuesday, Apr 2, the flagship cryptocurrency saw a sudden, however a short-lived breakout over the $5,000 on several exchanges, followed by a correction which took the BTC price to around $4,750.
Changpeng Zhao, the CEO and co-founder of major cryptocurrency exchange Binance, believes that 2018 is a “correction year” for cryptocurrencies, which makes him express general optimism for the future of the industry.
Thomas Lee, head of research at Fundstrat Global Advisors, still believes in Bitcoin’s strong upside potential, even though the price of the flagship cryptocurrency continues to plummet, reaching new yearly low on Friday, December 14.
On Saturday, Nov. 24, price if the flagship cryptocurrency dropped below the $4,000 support level for the first time since September 2017. It even went worse, as Bitcoin dropped at some point below $3,500 at exchanges like Coinbase and Bitstamp, however, come Sunday evening, the prices were somewhat stabilized around the $3,750 mark, as CoinMarketCap […]
Start of a new week turned out be far from bright for the flagship cryptocurrency, as the gradual slide turned into a free-fall. At approximately 16:30 UTC on Monday, Nov. 19, for the first time in 2018, the price of Bitcoin fell below $5,000 on several exchanges, including Bitstamp and Coinbase.
The flagship cryptocurrency sank to its lowest price in over a year on Wednesday, November 14, with the prices of other altocoins crashing heavily as well.
Price of the world’s biggest cryptocurrency broke out of its early-week slump on Thursday, scrambling back above $6,700 to return to the levels it last traded on weekend, and ultimately hitting the $6,800 mark on Friday morning.