Stocks boom, dollar gloom: 5 Things to watch in Bitcoin this week
Bitcoin is holding above $16,000 amid mixed feelings about the chances of all-time highs appearing this bull run. Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action?Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the coming days. Stocks near all-time highs while USD sinksThis week’s macro environment feels somewhat different to the last — stocks are gaining, boosted by a major Asian trade deal, while the U.S. dollar is losing ground. According to the latest data....
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A decisive month for GBTC market impact is set to begin, with BTC price action still "doing everything right" to preserve support. Bitcoin (BTC) starts a new week in familiar territory — crucial support is back, but bulls have not yet got their breakout. Could that soon change?After reclaiming $33,000 on Friday, BTC/USD has held on to the trading corridor it had been in before last week’s brief volatility. That involved a dip to $32,000 on the back of sudden short positions accumulating on exchange Bitfinex.The impact was only temporary, however, and the weekend has seen highs of $34,600....
Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings […]
Bitcoin continues its recovery from the China mining debacle but price action remains delicate in a low-volume market. Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store?Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week.As a recovery in mining continues, everyone is playing a game of “wait and see” when it comes to the 2021 Bitcoin bull market.Cointelegraph takes a look at five things that might....
Analysts warn that U.S. dollar could return to its 2018 lows as Bitcoin fundamentals steam to new records this week. Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control?Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action. U.S. election could send dollar back to 2018Bitcoin remains sensitive to macro phenomena as Q4 continues, and the U.S. election run-up could produce noticeable turbulence.The outcome of a Democratic win looks bleak for one macro indicator....
It's been a long time coming, but as yet, nothing has been able to propel BTC/USD over $50,000 for long. Is this week different? Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000.After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now?Despite optimism from analysts, it seems that not even an “uber dovish” Federal Reserve has the fuel to push BTC/USD above crucial resistance.Cointelegraph takes a look at five things which could still provide Bitcoin with new momentum.Dollar....