Bitcoin Price

Up or down? These Bitcoin price levels hint at the next move from $13K

Bitcoin (BTC) price has had a tremendous month as the price rallied from $10,500 to $13,800. However, in recent days, momentum is slowing amid rising coronavirus fears. Bitcoin’s price dropped from $13,800 to $12,900 on Oct. 28, making the recent breakout a fakeout. Alongside a correction on the cryptomarkets, the equity and commodity markets also …

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Gold drops to 7oz per BTC as Peter Schiff calls Bitcoin ‘biggest bubble’

Bitcoin (BTC) hit seven ounces of gold for the first time in over a year this week as the precious metal comes off all-time highs. Data from CoinGecko showed BTC/XAU returning to the pivotal 7 ounce mark on Oct. 25, continuing to edge up to press-time levels of 7.02 ounces. Gold hits one-year lows in …

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Unconfirmed transactions on Bitcoin network at highest level since 2017

The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions. According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017 when Bitcoin hit $20,000. The …

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Why one Bitcoin analyst expects sudden ‘hell’s candle’ plunge to $11.3K

Bitcoin (BTC) stayed above $13,000 on Oct. 27 but one analyst is warning that the largest cryptocurrency is due a major correction. In a tweet on Tuesday, on-chain analyst Cole Garner forecast that BTC/USD could soon end its bull run and suddenly move lower in a “Hell’s candle” event on the daily chart. Garner to …

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Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between Bitcoin (BTC) and the S&P 500 is 0. Pomp stressed that the lack of correlation shows that Bitcoin is a store of value.  Along with that, Bitcoin has also outperformed most traditional asset classes such as gold, …

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$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bitcoin

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/10/daw_1456x360-42.jpg” alt width=”1456″ height=”360″></a></div><strong>The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a …

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Market is proving Bitcoin is ‘ultimate safe haven’ — Anthony Pompliano

Bitcoin (BTC) “could not be more uncorrelated” with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind. In a series of tweets on Oct. 26, the Morgan Creek Digital co-founder, also known as “Pomp,” took critics to task over their accusations that Bitcoin was a poor store of …

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Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween

A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared. When an options expiry nears, holders of options contracts have to adjust their contracts before or …

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Bull or bear? Pros don’t care! Here’s 3 strategies every trader should know

Those new to investing might think that professional traders spend the majority of their time staring at screens day and night in order to analyze the markets and pick the best trades but this could not be farther away from the truth. Having a good eye isn’t what differentiates top traders from average ones, it’s …

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Crypto Long & Short: Why the PayPal Rally Isn’t What It Seems, and Why That’s OK

The bigger you are, the bigger the splash when you jump in the water. And when it comes to mainstream payments companies, there are few bigger than PayPal. In case you’ve been totally avoiding the headlines over the past few days (and who could blame you), PayPal (NASDAQ: PYPL) this week confirmed its entry into …

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