Posts in category

Prices


The crypto markets continued to mount a recovery this week, brushing aside fears of a possible lull ahead of the Chinese New Year holiday. At the close of the seven-day session, the total value of all cryptocurrencies is being reported at $471 billion by data source CoinMarketCap, up 22.65 percent from $384 billion seen last …

0 36

Bitcoin cash has rallied more than 96 percent from recent lows, but still remains trapped in a bearish pattern, the technical charts indicate. As of writing, bitcoin cash (BCH) is trading at $1,500, as per data source CoinMarketCap. The world’s fourth-largest cryptocurrency by market capitalization has appreciated by 11 percent in the last 24 hours, …

0 38

Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures. The cryptocurrency rose above $10,000 at 17:29 UTC yesterday, but ran into offers at $10,218 and dropped to $9,865.29 at 21:59 UTC. Another attempt to score gains above the $10,000 mark ran out of steam at a …

0 40

Bitcoin’s price is back above $10,000. The last notable time bitcoin, the number one cryptocurrency by market capitalization, passed this threshold was in December of last year as it charted a course to record highs around $20,000. Since the Feb. 6 low around $6,116 (as per CoinMarketCap) – a correction that saw bitcoin lose 69.5 …

0 42

The recovery of the crypto market is looking stronger by the day, and litecoin is leading the way. As of writing, the total market capitalization of all cryptocurrencies stands at $466 billion – the highest level since Feb. 2, and a 68 percent rise from the low of $276 billion seen on Feb. 6. The …

0 38

Having hit two-week highs, bitcoin is now aiming for the $10,000 mark and beyond, but further gains may be transient, the charts indicate. Bitcoin (BTC) picked up bid yesterday following a bullish breakout on charts and rose above $9,000 in a convincing manner. The cryptocurrency moved higher to $9,961 today – the highest level since …

0 37

Litecoin (LTC) is putting on a show today amid news a group of developers may seek to fork its blockchain, the fifth-largest by total value. The cryptocurrency was last seen changing hands at $216, a one-month high, according to data service CoinMarketCap. Overall, LTC has appreciated by 29 percent in the last 36 hours, up over 100 …

0 38

Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up …

0 38

The price of ETC, the native currency of the ethereum classic blockchain, is reporting double-digit gains Tuesday, a move that effectively recovers losses seen over the last two weeks. As of writing, ETC is changing hands at $31.70 on Bitfinex, having clocked a two-week high of $32.90 earlier in the day’s trading session. The cryptocurrency …

0 39

Bitcoin bulls risk losing control unless prices see a convincing break above the $9,000 mark soon, according to the technical charts. Of concern is that the cryptocurrency has failed twice to hold above $8,900, as indicated by CoinDesks’s Bitcoin Price Index (BPI). Further, bitcoin also clocked a six-day high of $9,070.64 on Feb. 10, but …

0 39

The cryptocurrency markets have begun the week on a positive note, with the total market capitalization of all currencies consolidating above the $400 billion mark. Sellers reigned supreme a week ago, before better-than-expected Senate hearings calmed market nerves and once more boosted demand for cryptocurrencies. Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, jumped …

0 39

Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks’s Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has …

0 43

Bitcoin (BTC) is trimming gains, having set a six-day high above the $9,000 mark early Saturday, according to CoinDesk’s Bitcon Price Index (BPI). The cryptocurrency ran into bids at $8,608.62 at 00:14 UTC and jumped to $9,070.64 at 07:17 UTC – the highest level since Feb. 4. As of 12:00 UTC, the BPI is at …

0 37

The cryptocurrency markets are at last witnessing solid two-way business after a rough week across the markets. The market capitalization of all cryptocurrencies fell 40 percent to $276 billion on Feb. 6 – the lowest since Nov. 26. However, the value has recovered over the last seven days of trading to $400 billion, a figure …

0 37

BTC looks set to make further gains amid mixed action in the crypto markets. Having hit a four-day high of $8,621.27 yesterday, CoinDesk’s Bitcoin Price Index (BPI) fell to $7,754.67 at 05:29 UTC today. As of writing, BPI is at $8,246. The cryptocurrency has depreciated by 1 percent in the last 24 hours, according to …

0 40

Catherine D. Wood is the chief executive and chief investment officer at ARK Investment Management in New York. As the first public asset manager to gain exposure to bitcoin at $250 through the Bitcoin Investment Trust (GBTC), ARK Invest faced a number of questions and much ridicule in September 2015. Given our research-based conviction, and the …

0 36

The top 10 cryptocurrencies by market capitalization look to be consolidating today, generally trading flat to positive below yesterdays highs. The notable exception is bitcoin cash, which at time of writing had spiked more than 23 percent in 24 hours. At press time, that figure had dropped a little to 19 percent. Currently, the total …

0 37

Bitcoin’s quick recovery from the minor wobble seen in Asian hours has strengthened the bull case scenario, technical charts indicate As of writing, CoinDesk’s Bitcoin Price Index (BPI) is at $8,165 – up 3.9 percent from the overnight low of $7,573. That said, the cryptocurrency is still down 3.7 percent from the previous day’s high …

0 35

Bitcoin is rallying today, having bottomed out below the $6,000 mark yesterday. As of writing, global average prices on CoinDesk’s Bitcoin Price Index (BPI) are around $8,120. On Coinbase’s GDAX exchange, bitcoin (BTC) moved above $7,944 – the confluence of 200-day moving average (MA) and 5-day MA – earlier today and was last seen changing …

0 35

Bitcoin’s drop to 3-month lows below $6,000 could be seen as the completion of a round trip. On Nov. 1, bitcoin (BTC) prices received a shot in the arm on news that derivatives marketplace operators CME Group, Cboe and Cantor Fitzgerald were considering launching futures for the market in December. It was widely believed that …

0 38