At the beginning of September, bitcoin price, which has crashed by more than 60% since its high last November, was poised for further downward movement. It bucked that script. Except for a brief surge in the middle of this month, bitcoin price mostly traded sideways and stuck to a trading range of around $20,000, its price at the start of the month. As of this … Continue reading What Will October Bring for Bitcoin Markets?
Crypto markets were awash in a sea of red after the release of unexpected figures for the Consumer Price Inflation (CPI) index. Bitcoin was down by almost 6% from its price 24 hours ago and trading at $20,964.21. Ethereum tumbled by 9% and is changing hands at $1,583.35. The overall market capitalization of cryptocurrency markets 5.1% to $1 trillion. CPI rose by 0.1% and declined … Continue reading Notes 9/13: Bitcoin Falls On Weak CPI Data, ETHW Sputters to Life, and the Max Pain of Mining Crypto
For Bitcoin and the larger crypto ecosystem, this summer wasn’t a particularly warm one. In fact, a series of bankruptcies and scandals by major players crashed the ecosystem and prices plummeted. Bitcoin price has fallen by roughly 13% from the start of August and the overall market cap for cryptocurrencies declined by 8.1% to $992 billion in the same period, based on data from Coinmarketcap. … Continue reading What Will September Bring for Bitcoin and Crypto Markets?
The dreaded W word is re-entering the crypto lexicon. Chatter about a crypto winter is on the cards once again after the asset class’s spectacular pandemic run. The irony of crypto becoming one of the first casualties of an impending recession is rich because its enthusiasts have spent years positioning it as a hedge against central bank policies and distinguishing the asset class from mainstream … Continue reading Bitcoin Price Continues Crumbling As Celsius Contagion Spreads
In yet another sign that the party might be coming to an end in crypto markets, more funds devoted exclusively to cryptocurrencies closed in the first quarter of 2022 than were launched in the same period. According to a new report from research firm Crypto Fund Research (CFR), only 11 new crypto funds were launched last quarter while 14 shut down their operations in the … Continue reading More Crypto Funds Closed Shop Than Launched In First Quarter: Report
Not much news takes place in mainstream markets over the weekend because they are closed. But there is always plenty of action in the 24X7 cryptocurrency markets. The latest drama occurred over the past weekend and concerned the price volatility of algorithmic stablecoin Terra or UST. The stablecoin has been a center of news coverage about decentralized finance (DeFi) and cryptocurrencies in the last couple … Continue reading Questions Swirl After Algorithmic Stablecoin Terra Loses, Regains Price Peg
The Federal Reserve’s announcement of a 0.25% increase in interest rates (and a promise of further hikes down the road) is expected to influence future price trajectories of assets. How do the rate hikes affect Bitcoin price? Immediately after the hikes were announced, Bitcoin price jumped by 4% overnight. Ethereum’s ether, the second-biggest cryptocurrency by market capitalization, registered an even steeper 7% increase. Cryptocurrency markets … Continue reading How Will Fed Rate Hikes Affect Bitcoin Price?
In a dramatic reversal, prices for Bitcoin and other cryptocurrencies crashed earlier this week after several months of new price records. The decline started last week after Tesla chief executive and Bitcoin supporter Elon Musk tweeted that the company was stopping Bitcoin purchases because the cryptocurrency was not environment-friendly. Even as there was debate between the cryptocurrency’s enthusiasts and critics, traders had already made up … Continue reading Bitcoin Price Crashes. Again.
The pandemic shutdown has thawed the winter of Bitcoin’s price. The cryptocurrency’s price, which has been lost in a moribund meander since last year, has decisively moved upwards since the pandemic began. It has skyrocketed by more than 140 percent, from $4,944 in mid-March, when the global economy began shutting down, to $12,350, as of this writing. As has often happened in the past, the … Continue reading Bitcoin Gains Currency As Investment Option In Weakened Economy
Time and again, bitcoin’s status as a safe haven is tested. Time and again, bitcoin fails the test. The recent coronavirus scare, which resulted in the sharpest selloff in the stock market since 2008, was an opportunity for the cryptocurrency to attract fearful investors, fleeing from a market crash, into its ecosystem. Except for a brief spike in prices, however, the trajectory of bitcoin’s prices … Continue reading Bitcoin Fails the Safe Haven Test Again. Time to Change the Narrative?
It is spring in the middle of winter. Bitcoin price, which floundered in the $7,000 range for most of December, is decisively marching towards $10,000 this month. The last time that it traded at that price level was in September last year. As of this writing, the original cryptocurrency is changing hands at $9,299.72 per pop, up approximately 3.2% from yesterday’s price. The increase is … Continue reading Bitcoin Price Jumps Towards $10k
And you thought volatility in crypto prices was a thing of the past. In the space of a couple of hours, crypto markets shed $30 billion of their overall value in less than two hours. Bitcoin price crashed by more than 9 percent to $8,648.66 in approximately 30 minutes today at 14:35 UTC. But that was not the end of it. The original cryptocurrency … Continue reading Volatility Returns to Crypto Markets; Bitcoin Price Crashes by 9 percent in 30 Minutes
When bitcoin price cratered in 2018, analysts and commentators opined that its price swings might become a thing of the past with more money flowing into the asset class. As it turns out, they were wrong. The entry of institutional investors and technological developments, such as the Lightning Network, have not done much to dampen volatility in the asset class. Bitcoin price recorded its steepest … Continue reading Bitcoin Price Volatility Returns, Crashes $1,900 in Less Than Three Hours
Is bitcoin price reverting back to its old ways? Within a span of 24 hours, the cryptocurrency breezed past the $10,000 mark on Saturday and briefly meandered beyond $11,000, before settling back into the $10,000 range. As of this writing, it was trading at $10,729.87, roughly unchanged from its price 24 hours ago. A day earlier, Bitcoin was changing hands at $9,859.61. Such schizophrenic price … Continue reading Bitcoin Price Crosses $10,000 Mark
Call it the Libra effect. Bitcoin price rallied and broke past the $9,000 mark in the breathless run up to Facebook’s announcement of Libra, its cryptocurrency and blockchain, to provide banking services in emerging markets. There was an impressive 23% increase in its price within a week. (For those keeping count, the cryptocurrency is up by more than 150 percent since the beginning of this … Continue reading How Did Libra Affect Bitcoin Price and Facebook Stock Price?
In its attempt to regain past glory, Bitcoin price breached another major milestone and crossed the $9,000 mark over the weekend. The original cryptocurrency first struck past the mark yesterday evening. It retraced its steps for a brief period of time two hours later before striking out again past $9,000. As of this writing, Bitcoin is changing hands at $9,285.84 per Coindesk. Yesterday’s increase means … Continue reading Bitcoin Price Breaks Past $9,000 Mark In Anticipation of Facebook Announcement
Will bitcoin price cross $50,000 in the next year? Some bullish investors seem to think so and have purchased options to back up their claim. According to a WSJ report, an unidentified investor has bought 30 options worth approximately $4,500 expiring in June 2020. The options have a strike price of $50,000. In simple words, this means that the investor is betting that the price … Continue reading Crypto Options Traders Target $50,000 Bitcoin Price For Next Year
In the last week, Bitcoin price has spiked by 39%. In monetary terms, the increase translates to a jump of approximately $2,000. The cryptocurrency’s gains are even more impressive when you consider its low of $3,497 in January this year, the current price representing a 90% increase from the start of this year. So, does the latest price jump mean that Bitcoin is on the … Continue reading Bitcoin Price Rises Again: False Alarm or Start of Another Bull Run?
After a mostly sideways movement in overall valuations since the last week of February, cryptocurrency markets are showing signs of life again. In the last one week, the market capitalization for cryptocurrencies has jumped by approximately $9 billion to $139.6 billion, as of this writing. Trading volumes in the market remain the same. Most of those gains have come from a surge in Bitcoin’s price. … Continue reading Bitcoin Price Shows Signs of Life
Bitcoin price, which has been in the doldrums this year, jumped in the last week on the back of a series of positive pronouncements. The original cryptocurrency, which had been mired in a range below $3,500 since the middle of January, broke past that barrier and is currently flirting with $4,000, a figure it last touched at the beginning of December. Ethereum, a cryptocurrency which … Continue reading Bitcoin Price Jumped in the Last Week. Is Crypto Back?
Crashing markets defined the cryptocurrency story in 2018. With a gain of over 1,000 percent in last year, bitcoin price entered this year on a high. But the excesses of 2017 gave way to the sobriety of 2018. Speculators exited the market but Wall Street refused to fully commit to the new asset class. The result was a sharp drop in bitcoin price due to … Continue reading Bitcoin Price Predictions For 2019
