Bitcoin price aims for $52K as stocks rebound fuels bullish return
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.....
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The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy. Bitcoin (BTC) mining companies have suffered in 2022 due to the crypto bear market. Nonetheless, their stocks collectively saw a sharp rebound on July 6, raising hopes that investors have started to buy the dips.One of the intraday winners was Bitfarms (TSE: BITF), which surged by over 24% to close at $1.29. Similarly, Marathon Digital Asset Holdings (NASDAQ: MARA), Core Scientific (NASDAQ: CORZ), and Cathedra Bitcoin (CVE: CBIT) rose by over/around 12.5%, 16.22%, and 15%, respectively.MARA,....
The world’s climatologists have determined that we have gone past the point of no return as far as reversing the damage done from burning fossil fuels. But they have also said that if current levels are not drastically reduced the problem will continue to worsen, eventually reaching exponential progression by 2035. The devastation to the world economy that this would cause is almost inconceivable. But the Canadian firm Arterran Renewable Fuels based out of British Columbia is attempting to tackle the problem of fossil fuel burning. Arterran has created a truly renewable fuel that does not....
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....
Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
Another $1,000 CME futures gap opens but Bitcoin shows clear strength as it aims to tackle pivotal $20,000 resistance. Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time?As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, Cointelegraph looks at the market factors influencing price performance on Monday.Vaccine, stimulus decision fuels risk appetiteOn a wider macro level, talk is firmly focused on the United States agreeing a coronavirus stimulus package this week. A major test of the....