Analyst Sees Bitcoin at $12K after Price Rises Five Days in a Row
Bitcoin should surge to $12,000 by the end of this week, according to Josh Rager of Blockroots.com. The analyst raised his price target for the cryptocurrency after it logged a five-day winning streak ending Sunday. In that period, BTC/USD surged by more than 7.5 percent, hitting a weekly high at $11,498 as traders hoped for the US Congress to release the second coronavirus stimulus package. The pair also jumped higher after Square, a global […]
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Dogecoin is on the verge of a massive breakout, according to one crypto analyst. The meme coin which has maintained a rather consistent uptrend over the last few days seems to just be getting started as analyst Ali Martinez sees a surge to $1.6. Dogecoin Price Primed For 2200% Move In a recent analysis posted […]
Dogecoin has suffered some of the worst of the crypto bear market after taking a severe hit to its price. In response, DOGE transactions had plunged rapidly, which suggests that the digital asset is falling out of favor with investors. However, despite these bearish trends, one crypto analyst still sees a surge in the future […]
Last week, rumors surfaced that the United States Securities Exchange Commission (SEC) had sent inquiry letters to various companies who have released securities on crypto 2.0 platforms. Some investors became anxious that the SEC was targeting the platforms themselves. This uncertainty led to a brief drop in the price of Counterparty's native currency, XCP. However, Counterparty responded that the SEC has not contacted them and that since their platform is open-source, they are not responsible for how people use it. Since Counterparty's clarification, the XCP price has increased more than....
A fresh record for BTC price action on U.S. election day means that $100,000 could now form a price target, historical data suggests. Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next.As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of its own — 100 days straight trading in five figures.Bitcoin sees record stretch above $10,000The achievement is not just impressive as a record for $10,000-plus prices. According to previous data, once Bitcoin trades above these....
Bitcoin isn't the only cryptocurrency getting all the love from speculators. Altcoin Litecoin has grown nearly 400% in the matter of 3 days, to a high of almost $50 USD. That's up from just over $9 USD in a matter a days, making it very lucrative if one has put money into it. At the time of this writing, the price is about $39 USD at BTC-e. The question of everyone's mind, however, is whether or not the price will continue to rise further. We'll keep an eye on it. [via CoinDesk]