Bitcoin Price Jumps Back Up to $430
Following China-related reports that caused investors to panic and bring the price of bitcoin down to $340 at the Bitstamp exchange, we're seeing a nice jump back up to the $430 range at the time of this writing. The price is up over 7 percent in the past day or so, reaching a high of $432 (so far). News this morning that the People's Bank of China Governor said that China has no intentions of banning the use of bitcoin are likely the reason for the climb. The bitcoin price took a beating this week when various exchanges announced some of their banking partners were closing accounts in....
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Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (23 November to 30 November) was all about Bitcoin Black Friday. However, we also saw a rise in the price of bitcoin and several altcoins, saw Coinapult unveil an SMS bitcoin wallet, and more. Keep scrolling for this week's biggest stories. Price Jumps (and Drops). The bitcoin price rose to ~$381 on Bitcoin Black Friday, and is currently at $380. The price was in the high $350's earlier in the week, and was on a steady downwards trend until just recently.....
Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit during the early morning trading sessions on Saturday (EST). Moreover, a number of digital assets saw price jumps as well, as the entire market capitalization of all 9,190 crypto-assets in existence is over $2 trillion today. A touch after 1 a.m. (Eastern Standard) on Saturday, the market valuation of the entire crypto-economy jumped 3% higher. Bitcoin (BTC) touched a high of $61,222 per unit coming awfully close to the all-time high (ATH) the....
Even as the bitcoin price jumps against favorable macro fundamentals, a chartist sees the cryptocurrency moving downwards in the coming sessions. The pseudonymous analyst pitched a highly bearish scenario for BTC/USD on Monday. He envisioned that the pair’s 50-day moving average would close below its 100-day moving average, leading to the formation of a so-called “Bear Cross” – also known as ‘Death Cross’ among financial pundits. Traders typically perceive Death Crosses as a sign of […]
Ethereum price spiked higher yesterday. However, the price found sellers around a perfect sell zone and moved down once again. Intraday Support Level can be $9.20. Intraday Resistance Level may be $10.60. Ethereum price after moving down towards $8.50 managed to gain bids and traded back higher. However, I highlighted in yesterday’s post that if the price jumps higher, then we can consider selling near a bearish trend line formed on the hourly chart (data feed via Kraken). The highlighted trend line and resistance area acted as a perfect hurdle for the bulls and pushed the price back....
The price of bitcoin jumped over 15% in a matter of three hours on Sunday evening and came awfully close to the $40K handle. Since then, the crypto asset has dropped back a few percentages and currently hovers above the $38K range. The entire cryptocurrency economy has spiked 9.72% rising to $1.53 trillion in overall value. Bitcoin’s Price Skyrockets After Long Period of Consolidation Bitcoin and digital asset values have risen dramatically during the last 12 hours as bitcoin (BTC) jumped more than 15% yesterday evening (EDT). BTC has managed to hold above the $38K zone on Monday....