Bitcoin Price

If Bitcoin doesn’t break record highs right away, it wouldn’t be the worst thing, trader posits

After its rise past $40,000, and a correction back to nearly $30,000, Bitcoin (BTC) has rebounded once again. Stalling before jumping back up past highs near $42,000 could be good for the asset, however, according to Brian Krogsgard, a trader and podcaster going by the name LedgerStatus on Twitter.  “Bitcoin’s correction was healthy in a strong …

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3 Bitcoin price indicators prove pro traders are still bullish on BTC

This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price.  Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this line of thinking. Bitcoin price may have corrected 26.5% as if dropped to retest …

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Goldman Sachs says Bitcoin is on the path to maturity

In an interview with CNBC, Currie said Bitcoin’s remarkable run has attracted greater institutional interest, but noted that smart-money investors are still a tiny fraction of the overall market. They will need to come in droves for Bitcoin to become a stable asset and avoid a flash crash like we saw earlier this week, he …

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Trader cries foul play as $30K Bitcoin price dip ends in biggest-ever daily recovery

Bitcoin (BTC) saw its most successful recovery in history on Jan. 12 after testing $30,000 support, but market participants are already suspicious. Data from Cointelegraph Markets and TradingView followed Bitcoin as it swiftly bounced off lows of $30,250 late on Monday to seal 20% gains in just over 12 hours. Guggenheim sell advice under scrutiny …

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Analysts say Bitcoin price drop to $30K was ‘healthy and necessary’

The euphoria in the cryptocurrency market was quelled on Jan.11 as the majority of altcoins saw their prices decline by more than 20% as Bitcoin price sold off sharply.  After falling below the $40,000 support level on Jan. 10, selling pressure for Bitcoin (BTC) increased overnight and pushed the price of the top cryptocurrency as …

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Does a stronger dollar mean Bitcoin price is destined to lose $30K?

Bitcoin price has been accelerating massively in recent months, with Bitcoin (BTC) rallying from $10,000 to $41,500. This rally went vertical without any major corrections in between. However, every upward cycle has its standard 30% corrections, which can even be considered healthy for more upside. Bitcoin’s price started to fall south in the past days …

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FCA warns of crypto investment risks as Bitcoin dives below $33K

The United Kingdom’s financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level of risk, stressing that investors should be ready to lose all their money …

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Crypto user recovers long-lost private keys to access $4M in Bitcoin

A student has claimed to have found private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin. According to a throwaway account from BitcoinHolderThankU, the Reddit user was able to cash out roughly $4.2 million in Bitcoin (BTC) after finding the lost keys to 127 BTC on …

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As Biden preps $3T stimulus, Bitcoin could be set to erupt

The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar.  Axios, an Arlington-based news outlet, reported Thursday that Joe Biden has asked Congress to provide Americans with $2,000 in …

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Are Bitcoin miners bullish? BTC miners face biggest difficulty bump in 3 months

Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.  “Hashrate is on a tear!” commented popular pseudonymous Bitcoin trader hodlonaut three days ago. …

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