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Bitcoinist.com 08/13/2020 08:00
Hands down, Chainlink (LINK) has been one of the best-performing crypto assets of the past few weeks and months. As of this article’s writing, the Ethereum-based altcoin is up 20% in the past 24 hours, setting a new all-time high above $15. Chainlink is now the 5th largest cryptocurrency after starting the year far down on the digital asset leaderboard. Despite LINK’s parabolic price performance, there purportedly are some investors becoming “uncertain” about the future […]
Bitcoinist.com 08/13/2020 06:30
Bitcoin (Symbol: BTCUSD) has enough momentum left to attempt an extended bull run towards $14,000, says Jacob Canfield. The Signal Profits founder placed the benchmark cryptocurrency on a Fibonacci Retracement graph, a set of horizontal levels that indicates where the supports and resistances are most likely to occur. He noted that BTCUSD had ample of support near the $10,500 level, adding that holding above it would ensure a smooth upside move towards $14,000. “As long […]
Bitcoinist.com 08/13/2020 06:00
XRP is preparing to plunge lower as the cryptocurrency forms a bearish price pattern. The cryptocurrency is actually down 1% in the past 24 hours, despite Bitcoin rallying a handful of percent. XRP’s underperformance of the leading digital asset may add pressure to its move to the downside. One analyst is eyeing a $0.25 price target for the altcoin, which is around 10% below the current price. XRP Could Drop Towards $0.25 As Price Action […]
Bitcoinist.com 08/13/2020 02:01
Gold’s sharp rebound after logging its biggest plunge in 7 years left Bitcoin (Symbol: BTCUSD) in a comfortable space. The benchmark cryptocurrency seemingly copied the precious metal’s retracement moves during the Wednesday session. At one point in time, it was trading at $11,148 (data from Coinbase), down 7.76 percent from its weekly top. But it bounced back ahead of the New York session, rising about 4.54 percent from its intraday low. The same happened to […]
Bitcoinist.com 08/12/2020 19:00
Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto [...]
Bitcoinist.com 08/12/2020 16:00
Ethereum has been closely tracking Bitcoin’s price action in recent weeks, which caused it to see some intense bearishness yesterday The cryptocurrency’s price dove as low as $367 once the selling pressure began peaking From this point, it saw a strong rebound that allowed it to recapture that vast majority of these losses It now appears to be well-positioned to see slightly further near-term upside One analyst believes that this latest dip did put ETH [...]
Bitcoinist.com 08/12/2020 14:00
Bitcoin saw a notable drawdown yesterday that came about after bulls once again failed to break the $12,000 resistance level This led BTC to lows of $11,200 that were ardently guarded by its buyers, and it has since bounced slightly The ongoing bounce likely marks bulls attempt to regain control over the digital asset Analysts are noting that it may be well-positioned to see further upside now that it has confirmed the lower-$11,000 region as [...]
Bitcoinist.com 08/12/2020 11:00
Bitcoin and gold have been rising in tandem, as the dollar has been falling. It has also driven the growth of the market cap of digital gold tokens, backed by the precious metal commodity, to record highs. What exactly has caused this rapid growth in market cap, and does this pose any threat against Bitcoin? Market Cap of Commodity-Backed Gold Tokens Soars 1000% In 2020 Bitcoin and gold share several key similarities, such as supply […]
Bitcoinist.com 08/12/2020 08:17
Blockchain interoperability platform, Polkadot has released details of its upcoming Denomination Day, when native DOT tokens will undergo a redenomination. On August 21, at block number 1,248,328, new DOT tokens will be 100 times smaller than before, with user balances correspondingly showing as 100x higher and the price lowering by the same multiplier. DENOMINATION DAY: On August 21st at approximately 13:15 UTC (block number 1,248,328), DOT tokens will undergo a redenomination from the original sale. […]
Bitcoinist.com 08/12/2020 06:00
Bitcoin has stalled after failing to hold above $12,000 for the second time in two weeks. The cryptocurrency trades at $11,450 as of this article’s writing, below the ever-important $11,500 level. Despite this weakness in the price of BTC, analysts remain long-term bullish on this nascent market. Joining his contemporary Raoul Pal, macro investor and gold bull Dan Tapiero says Bitcoin could soon go exponential. In a tweet published on August 10th, the BTC bull […]
Bitcoinist.com 08/12/2020 05:00
Some of the best cryptocurrencies to prospect on are also some of the best values. What if we were to tell you three altcoins — currently priced in the low cents — are all potential sleepers? In the case of XRP (Ripple), XLM (Stellar), and ADA (Cardano), all three altcoins have unique growth potential on the crypto market. Ripple, for example, has a rich history in e-payments dating back to the days of ripplepay.com, as […]
Bitcoinist.com 08/12/2020 03:57
Santiment cautioned Bitcoin bulls about the cryptocurrency’s downside prospects in its latest on-chain analysis. The crypto-focused sentimental analysis platform highlighted a steep decline in the number of daily active addresses (DAA) on the Bitcoin network. The data reflected that there are now fewer wallets that send or receive Bitcoin on a day-to-day basis. Santiment asserts that DAA correlates strongly with the asset’s price action. “For example, throughout Q1 of 2019, the DAA were steadily growing […]
Bitcoinist.com 08/12/2020 01:14
The much-anticipated correction in Bitcoin (Ticker: BTCUSD) has begun. But, according to veteran trader Jonny Moe, it is no reason for bulls to mourn. The analyst projected the benchmark cryptocurrency’s rally to resume after daytraders secured their short-term profits at $12,000. He stated that BTCUSD is falling towards a concrete ascending trendline support level. That price floor is a part of a rising triangle pattern, which technically indicates a continuation of Bitcoin’s upward trend. “Certainly not […]
Bitcoinist.com 07/16/2020 03:39
Bitcoin stands stuck inside a $250 trading range for more than two weeks. The cryptocurrency’s volatility and daily trade volume are, meanwhile, heading down, raising the possibility of a price breakout. An open survey conducted by Josh Rager, a renowned market analyst, found that a majority of traders expect Bitcoin to break to the downside. Nevertheless, Mr. Rager believes that the next Bitcoin crash is good news in disguise. Bitcoin risks crashing in the coming […]
Bitcoinist.com 07/16/2020 01:08
The last 48 hours of trading have witnessed Bitcoin decoupling from the US stock market. The cryptocurrency traded sideways with a bias modestly shifted towards bears. On the other hand, the S&P 500 moved in the opposite direction. This lack of short-term positive correlation coincides with a booming DeFi craze. Bitcoin appears to have decoupled for the US stock market as one broad phenomenon in the cryptocurrency market takes over traders’ conscience: the DeFi. Also […]
Bitcoinist.com 07/15/2020 21:00
This may sound like a broken but Bitcoin has once again flatlined in the low-$9,000s. For the past two to three weeks, the leading cryptocurrency has traded within a few percentage points of $9,200 on both sides. According to an analyst, this consolidation is likely to resolve to the downside as Bitcoin is preparing to fall below a crucial technical level. Bitcoin Is About to Fall Below A Pivotal Level Bitcoin’s consolidation over recent weeks […]
Bitcoinist.com 07/15/2020 19:00
The amount of stablecoins circulating throughout the crypto market has been tremendous growth in 2020 Although it took this fragment of the market five years grow to $6 billion in size, it has grown to over $12 billion throughout the past six months alone This is an extremely positive development for Bitcoin, as many view the stablecoin supply as "dry powder" that can help ignite future rallies Because billions of dollars are pouring into these [...]
Bitcoinist.com 07/15/2020 16:00
Cardano saw a massive upswing yesterday that allowed it to erase virtually all of its recent losses For a brief period, the crypto even tapped its previously established yearly highs, although the selling pressure here proved to be quite significant As for where the cryptocurrency could trend next, analysts are growing increasingly cautious about its outlook Despite there being a few technical signs that suggest it may continue pushing higher, one trader is noting that [...]
Bitcoinist.com 07/15/2020 14:00
Bitcoin has continued trading sideways within the lower $9,000 region overnight, with its ongoing consolidation phase now extending over ten weeks Although the crypto has yet to express any clear momentum, likely, this lackluster trading bout will ultimately result in it making a massive movement Analysts are now noting that exchange inflows over the past few weeks have been surging, suggesting that traders may be preparing to offload their BTC This could help provide the [...]
Bitcoinist.com 07/15/2020 11:00
Overnight, news broke that early trial human patients developed a “robust” immune response to a potential virus vaccine from Moderna. Stock futures soared over the news, and the stock market opened today higher as a result. But even despite an ongoing correlation between Bitcoin and the S&P 500, the cryptocurrency isn’t following this pump. What’s the reason behind Bitcoin lagging on positive news that sent the stock market back to retest recent highs? Early Stage […]

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