Bitcoin Price Strikes $750, Continues its Good Week
While it came close to the milestone yesterday, bitcoin price struck $750 in a continuing rally that has seen the cryptocurrency make increasing gains this week. The figure is among the highs scaled by the cryptocurrency this year. Today’s trading peak of $750 on the Bitstamp Price Index (BPI) stuck at 9:55 AM, the first occasion since June 18, 2016, when bitcoin price struck a high of $754.83. Cryptocurrency enthusiasts and market participants will remember the month where bitcoin soared in value from $536.91 on June 1st to a high of $761.44 on June 19th in the lead-up to this year’s....
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Price at the time this article was written is: US$238.38. Last week the article began with: “The Bitcoin price continues to be range bound. This appears to be looking like the top of that range. Last week the price was ~$225 USD as of this writing and now its at $238 USD. It has attempted a few times to get above $240 USD, which is proving to be major resistance. This is where the 50-day exponential moving average now lies. In the last few days price has tried to stay above this level and hasn’t been able to.” There has been quite a bit of good news lately (itBit fully regulated, Goldman....
SOL’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards. SOL’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price down. SOL’s price remains strong on the daily timeframes as the price trades below the 50 Exponential Moving Average (EMA). The price of Solana (SOL) has yet to show some good price action to the upside as the price has continued to stall in its price movement as the crypto market....
The march goes on. Bitcoin price strikes $500. The Bitstamp Price Index bulldozed its way beyond $450 earlier today and has now reached $500, a figure struck at 13:20 UTC. The increase in price charts a remarkable rise from the beginning of October when the price of bitcoin opened at $237.15. In a little over a month, the price has since more than doubled. Bitcoin price has today reached a high of $502 and has since decreased to $492.72 at the time of publishing. Experts point to various reasons including the increased outflow of capital away from China. A stagnating economy saw the....
Options data shows pro traders are not confident that Ethereum price will follow Bitcoin’s rally to new 2020 highs. This week Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017. Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, reviewing options markets data can provide additional relevant insights on market sentiment. Looking at the most recent activity in Bitcoin options, it is clear....
While 2016 is running out of road, the prolonged bitcoin rally that has lasted through most of Q4 2016 continues to scorch a hot trail as bitcoin price rises beyond $915 to set a new high for the year. Today, bitcoin price struck a high of $928 on the Bitstamp Price Index (BPI). The last time price traded at these levels was on January 7, 2014. That fateful day – in the immediate aftermath of the implosion of the now-defunct bitcoin exchange Mt Gox – saw price at $919.24 at midnight (UTC) before crashing down to $785 by day’s end. This month, the cryptocurrency is up 25% in value since the....