Bitcoin Slumps Below $40k Again, Here’s What To Consider In The Coming Days
Bitcoin temporarily surpassed $40,000 before falling below again as investor sentiment shifted to mildly negative. Bitcoin Tanks Below $40k…Again After climbing to $42,000 over the weekend, it appears like Bitcoin is losing pace once more. As of press time, the world’s largest cryptocurrency was down 3%! Bitcoin is currently selling at $38,591 with a market capitalization of $724 billion. Investors are frustrated by Bitcoin’s recent price volatility, which has shown dramatic oscillations without confirming any particular trend. Algo-traders and options What investors....
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Market corrections are scary, but savvy altcoin traders also know it is an opportunity to secure hefty gains — here’s how. Admittedly, the last few days have not been not the most pleasant time for crypto traders as the price of Bitcoin (BTC) price fell short of breaking the $50,000 threshold, then slid to the low-$40,000 range and pulled the majority of altcoins down with it. Despite this sharp downturn, a handful of tokens seemed to do much better than the rest of the market by posting weekly gains in their BTC and U.S. dollar-denominated pairs.Some traders looking to rack up their....
Bitcoin has pressed much higher over recent days. After trading as low as $10,400 last week, the coin has surged as high as $11,500 around 36 hours ago. As of this article’s writing, BTC trades for $11,350, far above the aforementioned lows. Analysts think that Bitcoin will slink lower in the coming days as it faces down a CME futures gap. Most CME Bitcoin futures gaps close within the week they open. Bitcoin Could Soon […]
Here's what's on for the weekend in the bitcoin price, in the wake of the referendum out of the UK. The dominating topic for the day has been the British referendum, and the ensuing decoupling of the UK from its European Union counterparts. Chances are that this topic will dominate global economic news (and in turn, equities and other financial asset market sentiment) for the next few days, making it difficult to predict what’s going to happen in the price of (what are essentially speculative, when it comes to this sort of underlying fundamental) assets such as bitcoin. Having said this,....
Bitcoin has been rallying higher once again after days of consolidation. The cryptocurrency currently trades for $16,100, though traded as high as $16,500 hours ago. A leading analyst says that Bitcoin is trading in the midst of a textbook Elliot Wave pattern that will likely end with BTC peaking at $18,200 in the coming days, then correct toward $15,000. Bitcoin Could See One Last Leg Higher Bitcoin has been rallying higher once again after days […]
Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.