Bitcoin Eyes $12K Price After 6-Day Streak of Gains
Bitcoin's six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher.
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Bitcoin nears $12K after six-day winning streak, as analysts predict economy will need trillions of dollars of stimulus.
The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the global hashrate coasts along at an all-time high of 140 exahash per second (EH/s). As of today, October 1, 2020, bitcoin (BTC) has closed above the $10,000 price range for 66 straight days. The last time BTC saw the price stay above $10k consecutively was on December 1, 2017, when the crypto asset posted a record 62-day streak. Coin market capitalization web....
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading sessions. Digital currency markets have increased a great deal during the last 24 hours as the aggregate crypto market capitalization is nearing $400 billion. The price of bitcoin (BTC) spiked on Wednesday morning after Paypal revealed cryptocurrency support during the morning trading sessions. BTC has....
Following days of consolidation, bitcoin rallied above $40,000 on Tuesday, which comes as markets prepare for today’s Fed meeting. ETH also climbed, moving away from its recent support point in the process. Bitcoin BTC finally broke out of its recent streak of price consolidation on Tuesday, as the world’s largest cryptocurrency climbed to almost a one week high. Following a low of $38,567.64 yesterday, BTC/USD has so far risen to an intraday high of $41,717.45 so far this session. Today’s high saw BTC break past one resistance level at $40,590, but it lost steam once....
Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark. Bitcoin Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace. BTC/USD is down by nearly 3% as of writing, after hitting an intraday low of $20,045.63 earlier in today’s session. This move comes after prices failed to sustain a breakout of yesterday’s resistance level at the $21,000 mark.....