Tag: Cryptocurrency prices

Bitcoin Prices Did Their Own Thing In May – Forbes
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Bitcoin Prices Did Their Own Thing In May – Forbes

Bitcoin's price fluctuations were unphased by major events in May. (Photo by Chesnot/Getty Images) Getty Images Bitcoin, like many other assets, charted its own path in May, moving out of tandem with major news events. The digital currency experienced some notable volatility early in the month, climbing nearly 15% from $8,767.67 on May 1st to its intra-month high of $10,062.72 on May 7th, CoinDesk data shows. However, the cryptocurrency quickly lost all those gains, plunging to less than $8,200 by May 9th, additional CoinDesk figures reveal. In the remaining weeks, bitcoin recovered, repeatedly moving toward $10,000 but failing to breach that level. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it shoul...
Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges Then Plunges – CoinDesk – CoinDesk
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Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges Then Plunges – CoinDesk – CoinDesk

Tuesday’s bitcoin price whipsaw can be partially explained by large traders looking to deleverage in the derivatives market.  Bitcoin (BTC) was changing hands around $9,512 as of 20:00 UTC (4 p.m. ET), slipping less than 1% over the previous 24 hours.  A sudden rally to $10,000 late Monday boosted bullish sentiment as short sellers were squeezed on derivatives exchange BitMEX, the largest such event in eight months. Bitcoin traded as high as $10,430 on Coinbase. However, the market lost steam and bitcoin was then confined to a tight $10,000-$10,100 range for around 12 hours. Then, at 14:00 UTC (10:00 a.m. EDT) Tuesday, it suffered a drop of 8%, or $800, in less than five minutes.  “Today’s action is very fickle,” said Katie Stockton of Fairfield Strategies. Stockto...
Bitcoin’s Price Drops by $800 in Less Than 5 Minutes – CoinDesk – CoinDesk
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Bitcoin’s Price Drops by $800 in Less Than 5 Minutes – CoinDesk – CoinDesk

Bitcoin’s price fell more than $800 in under five minutes on Tuesday, pushing the broader cryptocurrency market into the red. The sell-off began at 14:45 UTC (10:45 a.m. ET) when the cryptocurrency was trading at highs above $10,137 and by 14:49 UTC, the price fell to $9,298. At press time, bitcoin is changing hands near $9,500, representing a 6.5% drop on the day, according to CoinDesk’s Bitcoin Price Index. On BitMEX, prices were as low as $8,600. The sudden price drop may have trapped many traders on the wrong side of the market. Moreover, the market was looking strong following Monday’s convincing move above $10,000, and a few analysts were expecting bitcoin to continue rising toward $11,000. However, buyers once again failed to keep prices above the $10,000 mark. The crypto...
Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival – CoinDesk – CoinDesk
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Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival – CoinDesk – CoinDesk

Bitcoin has entered the seasonally bullish month of June on a positive note, but its recent gains look pale compared to that of ether (ETH), as the Ethereum blockchain approaches a key new iteration.  Bitcoin, the top cryptocurrency by market value, rose by over 8% last week and ended May with a 9.5% gain. That came after bitcoin jumped by nearly 35% in April, according to CoinDesk’s Bitcoin Price Index.  Meanwhile, ether’s price rose by 16% last week and 12% for the month of May. Growth in ether’s non-price metrics, too, has been impressive compared to those for bitcoin. For instance, the seven-day moving average of active ether addresses stood at 12-month high of 337,986 on Sunday, according to data provided by blockchain intelligence firm Glassnode. While ether’s act...
Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values | Market Updates – Bitcoin News
Crypto News

Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values | Market Updates – Bitcoin News

The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of the entire cryptocurrency ecosystem is around $270 billion while 24-hour trade volume for all 5,000+ coins is $22 billion. Crypto Value’s Slide After Briefly Touching Heavy Resistance Cryptocurrency prices were rather bullish on Saturday evening as BTC and a number of other coins like ETH, BCH, XRP, and LTC were up in value. Bitcoin (BTC) touched a high of over $9,700 on Saturday evening and the price got pushed back at that point. The following Monday, BTC is swapping...
John McAfee Takes a U-Turn from His $1M BTC Price Prediction – Finance Magnates
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John McAfee Takes a U-Turn from His $1M BTC Price Prediction – Finance Magnates

John McAfee, the eccentric tech billionaire and crypto advocate, is backing out from his earlier prediction of Bitcoin prices to touch $1 million by the end of this year. In his latest tweet on Saturday, he called Bitcoin a “crippled crypto-tech” and his previous claims “absurd humor”. The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation I’m the person who predicted Bitcoin, the most crippled crypto-tech, would reach $1 mil. Are you one of the persons who did not see the absurd humor in it? I posted it on the same day I predicted Whale Fucking would replace Surfing as the number one water sport. Wake up! — John McAfee (@officialmcafee) May 30, 2020 McAfee first predicted the insane rise of Bitcoin price rise of Bitcoin in 2018 and has firmly maintained a...
Brave Isn’t Moving BAT Token Prices The Way Many Hoped – Seeking Alpha
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Brave Isn’t Moving BAT Token Prices The Way Many Hoped – Seeking Alpha

Outlook for BATBTC: May 24, 2020 The pairing between the Basic Attention Token (BAT) and Bitcoin seems on the verge of a major move, following months of range trading. So what does the future hold for the BATBTC pair after so many months of being stuck in a range? Fundamental Analysis Despite being named as one of the most promising tokens for 2020, BAT has struggled to please since, as it continues to trade in a consolidation range for the 9th month now. At the start of the month, it was announced that the BAT team and Binance had entered into a partnership which would see a new widget for Binance placed on the Brave browser. This is reported to be the first instance of a browser integrating a widget for an exchange in order to allow for seamless trading and management of cryptos on that ...
Bitcoin’s $100K Probability – Speculation or Economic Theory Backed? – Finance Magnates
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Bitcoin’s $100K Probability – Speculation or Economic Theory Backed? – Finance Magnates

Stemming from the confined venue of speculation and economic theory, there is much to address regarding the probability of whether Bitcoin will ever reach $100,000. To bring light upon the query in motion, we’ll analyze long-standing economic theories versus economist’s doubts while taking under due consideration deeply-rooted market variables, projections, and global acceptance that are all bound to distill a change in the value of Bitcoin in one way or another. The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation With these truths in mind, let’s begin. What Crypto Enthusiasts Project Cryptocurrency enthusiasts have long poised the likelihood of Bitcoin reaching $100,000. Evidence of this can be noted from high-profile individuals such as Anthony Pomplian...
Market Wrap: Short Seller Liquidations Help Push Bitcoin Beyond $9,500 – CoinDesk – CoinDesk
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Market Wrap: Short Seller Liquidations Help Push Bitcoin Beyond $9,500 – CoinDesk – CoinDesk

Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto derivatives exchanges. That also helped push the world’s oldest cryptocurrency higher.     As of 20:50 UTC (4:50 p.m. ET), bitcoin (BTC) was trading at $9,447, up 2.9% over the previous 24 hours. Trading seems to support a higher upward climb with a large session of buying around 12:00 UTC (8 a.m. ET) briefly pushing price to as high as $9,526 on exchanges including Coinbase. Bitcoin’s price continued its rising trend from Wednesday, well above its 10-day and 50-day moving averages, a technical analysis signal of bullish sentiment.  “A breakout above $10,055 would be a catalyst for significant upside in our work, and support is now defined by t...
Bitcoin Price Tests $9.4K as Demand for Put Options Drops – CoinDesk – CoinDesk
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Bitcoin Price Tests $9.4K as Demand for Put Options Drops – CoinDesk – CoinDesk

Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s recent price rise is accompanied by a slide in demand for put options. Such derivative contracts give the holder the right but not the obligation to sell the underlying asset at a predetermined price on or before the predetermined rate. Meanwhile, a call option gives the holder the right to buy,  Source: Skew The one-month put-call skew, which measures the price of puts relative to that of calls, is currently at 6.6%, dow...