Bitcoin price tags $50K for first time since May
Since plunging to the $29,000 range in late June, Bitcoin’s price has recovered more than 72%. The Bitcoin (BTC) price was back on the offensive late Sunday, touching $50,000 for the first time since May and signaling that the bull market was fast approaching its second leg. The BTC price peaked at $50,270.00 on Bitstamp, having gained 3% on the day, according to Cointelegraph Markets Pro. The largest cryptocurrency has a total market capitalization of $943 billion.The Bitcoin price briefly wicks above $50,000 on Bitstamp : Cointelegraph Markets ProOn-chain metrics recently suggested that....
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Bitcoin has been labeled with different kinds of names: Fake, misleading, confusing, and pointless. Despite these tags, many will agree that the crypto is never lifeless. Bitcoin’s price has been surprisingly lethargic over the previous few days, bouncing just above and then below the $20,000 threshold. Since June, it has been unable to significantly surpass […]
Bitcoin has been consolidating since falling to a low of 166.45. After popping up above 300 briefly, it has been consolidating in February. Bitcoin (BTCUSD) 4H Chart 25/2/2015. In February, bitcoin made another push after failing to clear below 210 several times as we can see in the 4H chart above. Here are some other observations: 1) Price has rallied and held above the 200-, 100-, and 50-period simple moving averages (SMAs). This usually reflects bullish bias, but we can see that this bias is young because price only recently came up above the SMAs. Still, the fact that the cluster of....
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