Bullish Sentiment Fuels Bitcoin's Return to $1,000
Bitcoin prices experienced notable gains this week, pushing higher as sentiment recovered from the lagging impact of market turmoil. The digital currency rose to as much as $1,024.14 on 3rd February, roughly 11.5% above its opening price of $918.56 on 28th January, according to the CoinDesk Bitcoin Price Index (BPI). At the time of report, bitcoin was trading at $1,015.11, slightly below the weekly high. This sharp gain compared to the tepid increase of 3% generated during the week through 27th January, and the more notable rise of 7.9% produced during the prior week. Bitcoin’s price....
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BTC/USD adds to its overnight gains at the Wall Street open, but punters are still betting on another price dip. Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: "The trend is still up"Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark on Dec. 7.At the time of writing, the latest charge was ongoing, as the Wall St. open added further bullish momentum towards $52,000.....
Dogecoin has been in a bearish sentiment among investors in the past week that even a tweet from Elon Musk referencing the cryptocurrency earlier in the week failed to do much to cause a price reversal. However, recent transaction volume indicates this might be changing into a bullish sentiment soon, as Dogecoin is finally getting […]
Almost ten days into September, market volume in bitcoin has started rising, as traders return to action following the summer break. As volume returns, so does volatility, with this week showing both high levels of bullish and bearish sentiment in the token. Looking forward to the remainder of the month, the main question is undoubtedly whether either of these can prevail, or will price consolidation continue for another month.
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Last Friday saw the release of August’s non-farm payrolls (NFP). Which showed that 315,000 jobs were added to the U.S.....