Bitcoin Paints New Record High Above $35,000 on Dollar Setback
Bitcoin logged more record highs in its first official trading week of the year, raising hopes that it would keep rallying higher after closing the previous year with a gain of 302 percent. The benchmark cryptocurrency opened Wednesday with a wild upside move. It reached a new historic high of $35,868 ahead of the London opening bell. The gains appeared as a part of a retracement rally that started when BTC/USD slumped from its previous […]
Related News
The jump in the price of Bitcoin over the $900 mark in the last few days of 2016 has been considered a twist that would further push the digital currency, whose market cap is near the $15 bln mark, into the mass markets. DECENT CEO Matej Michalko notes regarding the spike: “This is a major advance in the understanding of Blockchain technologies by the early majority. Bitcoin is on its way to mass markets.” Breaking the record. Bitcoin’s current price of $903 is only a 25 percent increase shy of its all-time high record of $1,127, according to figures from CoinMarketCap. Recent developments....
Today, Bitcoin has experienced one of its deadliest single-day drops on record in terms of dollar amount moved. And the reason behind it could be the greenback itself. Dollar sentiment is at extreme lows and crypto market exuberance is sky high – could it be time for a reversal in each asset or at the […]
The US dollar index, which tracks the greenback's strength against the strongest global foreign currencies, broke below a crucial upward sloping support.
Synthetix’s native token SNX emerged victorious on the day its rival decentralized finance tokens turned lower. The SNX-to-dollar exchange rate hit a fresh record high of $8.68 on Wednesday as a flurry of uplifting fundamentals prompted traders to increase their bids on the pair. That included the introduction of a new staking platform. Say hello […]
There’s an ominous “Death Cross” maturing on the Bitcoin price chart, foretelling a grim outlook for the cryptocurrency soon. The benchmark cryptocurrency has tumbled aggressively after forming a record high near $41,986 (data from Coinbase) on Friday. At its recent low, it was trading at $30,100 but managed to instill hopes of a bullish revival […]