Bitcoin could drop to as low as $27,000 in a bearish scenario, analysts say, which would bring panic to the altcoin market.
Category: Market Analysis
Bitcoin bulls buy BTC’s $35K support retest as altcoins push higher
Bitcoin’s lower support retest was bought up by bulls, preparing BTC for another push to $40,000.
Bitcoin slides under $35K despite Biden unveiling $1.9 trillion stimulus
Positive reactions to a $1.9 trillion stimulus package combine to squash Bitcoin’s bullish sentiment.
Bitcoin Retakes $39,000 After Recent Pullback
With everything going on these last few weeks, it can get a bit difficult to know what’s driving the market’s euphoria. Sure, there are always millions of factors at play when it comes to any globally traded market, but there is one dominant theme. Later this afternoon, we’ll see it boldly embodied on prime time…
Bitcoin Recovers, Moves Above $38,000
We’re all familiar with the famous shoeshine indicator. Basically, when your barber or cab driver starts giving you tips on what assets to put in your portfolio, it’s a sign that the market has overheated and the bubble might soon pop. Click to tweet It certainly worked during the crypto bull run of 2017. Just…
How to Invest in Coinbase Stock
On December 17, the San Francisco-based digital asset exchange Coinbase announced its plans to go public. In this article, you will learn more about Coinbase and how you can invest in Coinbase stock. Introducing Coinbase Coinbase has become one of the world’s leading bitcoin exchanges, boasting some 35+ million users in over 100 countries. Labeled…
Bitcoin ETFs: What They Are and How to Invest (in 2021)
The discussion of publicly traded bitcoin ETFs has been on and off the burner for the fast few years. Even since the launch of regulated bitcoin futures contracts on the CME and CBOE in 2018 and 2019, not a single bitcoin ETF has been approved in the United States. In the U.S., the SEC has…
What Is JPM Coin and How Do You Buy It?
Wall Street bank J.P. Morgan Chase announced in February of 2019 that it would be launching a blockchain-powered digital currency called JPM Coin, a stablecoin that has its value pegged to the U.S. dollar. In this article, you will learn what JPM Coin is, how it works, and how the bank plans to use it….
Bitcoin Trading Volume Show Signs of a Maturing Market
The bounce is in. Though we have no way of knowing whether it’s completely over, the charts are looking pretty positive to me, as I had the pleasure of pointing out today on the popular crypto show Crypto Banter with CNBC’s Ran Neuner. Make sure to catch the recording here. The most astonishing thing that…
Bitcoin has actually only taken 2% of gold market cap, new data suggests
Getting to 10% of gold’s market cap would mean that each bitcoin costs $154,000, says CryptoQuant.