Mark Yusko – Everyone Should Be Purchasing Bitcoin When it comes to bitcoin, most analysts seem split right down the middle, with some like Warren Buffett telling us to avoid it all costs, and hedge fund manager Mark Yusko telling us to buy it at all costs. Yusko: BTC Is an Important Asset In a recent interview with CNBC, the CEO of Morgan Creek Capital told his listeners to “buy it” when it came to bitcoin and said that…
Bitcoin [BTC] Makes Recovery Above $8000 – Here’s Why Some Analysts are Bullish After a week of bearish moves, Bitcoin [BTC] price made a slight recovery on Friday. The rise attempted to break above the 200-Day Moving average, which acted as a resistance. It recorded a high at $8294. The price of BTC at 3: 30 hours UTC on 28th September 2019 is $8176. It is trading 2.27% higher on a daily scale. The entire crypto market turned slightly green…
Bitcoin's sharp decline – The cryptocurrency falls below $8,000 Bitcoin lost about 20 percent of its value since Friday. On Thursday, the Bloomberg Galaxy Crypto Index showed a decline of as much as eight percent for the cryptocurrency [File: Mary Turner/Bloomberg] Bitcoin extended its five-day losing streak on Thursday and dropped below $8,000 for the first time since June as a growing list of concerns weighed on crypto assets. Bitcoin fell as much as 9% to $7,736 in New York,…
Bitcoin And Crypto Market Bearish Continuation – LTC, BNB, BCH, TRX Analysis The total crypto market cap dived more than $50.0B and tested the $200.0B support. Bitcoin price is down more than 10% and it is currently consolidating below the $8,500. Binance coin (BNB) price tumbled below the $18.50 and $16.50 support levels. Litecoin (LTC) price is now trading well below the key $60.00 support area. BCH price tested the $200 level and it is currently consolidating near the $220…
Crypto Markets Crash $30 Billion In Epic Bitcoin Sell Off In what has been one of the largest 24 hour market dumps this year over $30 billion has been dumped from crypto assets. Bitcoin reached the end of its bearish triangle pattern and dumped hard down to a three month low at $8,000. Bitcoin Crashes 17% Many had predicted a huge drop to long term support around $8k this week but it is still a shock to see it happen.…
Bitcoin price analysis – BTC/USD dumps as Bakkt post $600,000 Bitcoin futures sales Bitcoin dumped further from the pivotal $10,000 to refresh last week’s low at $9,600. A shallow recovery has ensued with BTC stepping above $9,700 but the path of least the least resistance is still to the downside. Bitcoin bearish price action is still pressing against key support areas. For four straight days, the largest cryptocurrency has wallowed in red rough waters. The return below $10,000 seems to have…
Bitcoin – $0 or $100,000? Bitcoin has long toiled in obscurity. Despite the cryptocurrency now being valued at some $180 billion — the size of a large Silicon Valley firm — it is still relatively small in the grand schemes of things. Yes, it is one of the largest base monies in the world, but is still pitiful when put up against the size of, say, the equities or housing markets. Some cynics have postulated that this is the biggest…
Market speculators hold net short positon of Bitcoin futures WASHINGTON, Sept. 20 (Xinhua) — Data from the U.S. Commodity Futures Trading Commission on Friday showed that market speculators held net short position of Bitcoin futures this week. For the week ending Tuesday, non-commercial investors, commonly treated as market speculators, held a net short position of 1,070 Bitcoin future contracts while the total amount of the future contracts held by speculators decreased. Meanwhile, commercial traders, commonly treated as hedgers, still held…
Something Very Strange Is Going On With Bitcoin And BTC Google Searches Bitcoin and cryptocurrency prices are well known to be closely tied to media and general public interest–-though that could be changing. The bitcoin price has been climbing so far this year, rising some 200% since January, though has recently plateaued at around $10,000 per bitcoin after peaking at more than $12,000 in June. Now, it appears Google searches for bitcoin and BTC, the name used by traders for…
Crypto Market & Bitcoin Rebounding – BCH, Litecoin, TRX, XLM Analysis The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it…