Bitcoin Driven Higher by TWAP Buying as Price Stabilizes at All-Time Highs
Bitcoin has seen wild price action over the past couple of days, with the cryptocurrency posting its most extensive ever 1-day candle yesterday following news of Tesla’s BTC purchase This candle, which spanned from the upper-$30,000 region all the way to highs of $47,000, has yet to be reversed, as bulls have maintained their control […]
Related News
Ethereum is exploding higher as Bitcoin has pushed to new year-to-date highs just shy of $20,000. The price of the leading cryptocurrency currently is $615, slightly below the year-to-date highs but far above where it was just a week ago. Bitcoin and Ethereum’s latest surge higher comes seemingly as a result of institutional buying pressure. […]
Bitcoin is in the process of consolidating after the cryptocurrency saw a push to all-time highs last night, which led it as high as $36,000 This movement came about suddenly and was quite surprising, but it didn’t last for long The rejection at these highs was not too grave, as BTC has been able to find some strong support within the lower-$34,000 region ever since There’s a strong possibility that it will consolidate here, as […]
Bitcoin prices are fun, if you like roller coasters. For traders who see volatility as an opportunity to make money and are willing to accept the risks, this is great. However this volatility presents a risk for long-term investors, fund managers and businesses who use digital currency for day-to-day operations. The newly launched algorithm for Bitcoin trading, TWAP (Time Weighted Average Price), could save both money and headaches for people and companies not equipped for higher risk. Benchmarking Your Trades. On January 15, 2016 at 21:58 GMT (Figure 1), the price for bitcoin was $390. In....
Ethereum network competitors like Avalanche, Matic and Celo are seeing substantial gains as high gas fees push users to search for cheaper alternatives. Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs.On. Feb. 10, the total crypto market capitalization hit a new high at $1.42 trillion less than a week after Tesla disclosed that it purchased $1.5 billion worth of BTC.Despite being the center of attention....
The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner outflow has been higher during the bull run but also lower than the 2019 top. Speculators assume that when the price of bitcoin (BTC) rises, bitcoin mining operations will sell more coins. However, while BTC has touched a new all-time high (ATH), miners are not selling more bitcoin than usual....