Bitcoin Price About To Hit $30K – Factors Pushing BTC Higher
Following US Federal Reserve chair Jerome Powell’s recent comments that led to higher treasury yields, Bitcoin price and other cryptocurrencies experienced modest gains on Friday. However, a legal action by the state of New York against Digital Currency Group, Genesis Global Capital, and the Gemini crypto exchange, alleging fraud exceeding $1 billion, created some uncertainty. […]
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Ethereum has witnessed some intense selling pressure following its latest push higher, with bulls trying to defend $600 as bears aim at pushing it below this level The selling pressure here has proven to be quite intense throughout the past few days, but bulls have been able to absorb all of it and continue pushing it higher Where the rest of the market trends in the near-term will depend largely on the $600 level and […]
Bitcoin price surged higher, Saturday, on the surprise announcement of a Greek referendum that will decide the fate of the stand-off between Greece and her big bank creditors. Sunday saw a pullback but by early Monday morning advance was, once again, underway. Can the Bitcoin price push higher? What stands in its way? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 04h54 UTC. Bitstamp 15-Minute Chart. From the analysis pages of....
Bitcoin moves past $23,500 for the first time ever after moving to $30,000 on new year’s day. BTC is now up by over 10% in the past 24 hours, pushing the altcoin market higher. There are a number of supply-demand factors accentuating this rally. Analysts think that the market may be nearing a blow-off top. Bitcoin Moves Past $32,500 Bitcoin just moved past $32,500 for the first time ever just minutes ago. As of this […]
Chainlink has recovered from its recent lows and is in the process of pushing higher despite seeing a strong selloff earlier today. The cryptocurrency’s current strength is coming about due to that seen by Bitcoin, with the benchmark cryptocurrency also pushing higher as bulls try to reverse the recent weakness it has seen as a […]
Yes, the weakening yuan is responsible for the rise in the price of Bitcoin. But what about some other efforts that have been playing complementary roles to push the top digital currency's price to a level that is far higher than what we have experienced in previous years? And with the look of things, the reality is: these contributing factors are the mainstay of what is keeping the price of Bitcoin stable and unwilling to give in to any form of reversal. Bitcoin’s price has gone up $100 in a month from about $605 as at September, 30 to up to $705 by October 28 - as at the time of this....