Category: btcusd

These 3 cryptocurrencies are taking an even bigger hit during Bitcoin’s price slump

January 10, 2022

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The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10. BTC/USD weekly price chart. Source: TradingView Nonetheless, the losses suffered by Bitcoin still appear less than that of some of its […]

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Fish food? Data shows retail investors are buying Bitcoin, whales are selling

December 16, 2021

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Bitcoin (BTC) staged an impressive recovery after dropping to its three-month low of $42,333 on Dec. 4, rising to as high as $51,000 since.  The BTC price retracement primarily surfaced due to increased buying activity among addresses that hold less than 1 BTC. In contrast, the Bitcoin wallets with balances between 1,000 BTC  and 10,000 […]

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Trader who called 2017 Bitcoin price crash raises concerns over ‘double top’

December 10, 2021

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Bitcoin (BTC) could be forming a so-called “double top” pattern after falling by over 30% from its record high of $69,000, suggests Peter Brandt, a veteran trader known for correctly calling the crypto market top in December 2017.  The bubble has been popped. Bull market in $BTC over for some time. For analog look at […]

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Ethereum bulls retain hopes of $10K despite ETH price chart bear flag

December 6, 2021

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Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an ascending channel that — more […]

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Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November

November 15, 2021

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A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern. The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the […]

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Litecoin hits 6-month high as LTC price soars 20% in 24 hours

November 9, 2021

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Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng — […]

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Ethereum back in price discovery as ETH approaches $5K

November 8, 2021

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The world’s second-largest cryptocurrency crossed the $4,700 mark following Bitcoin’s rally. 1786 Total views 40 Total shares Ethereum blockchain’s native asset, Ether (ETH), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week. ETH’s price rose by 3.30% in […]

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Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

October 1, 2021

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Bitcoin (BTC) looks to reclaim $45,000 on Oct. 1 as the U.S dollar retreated lower after hitting its one-year high. Bitcoin’s tight inverse correlation with the greenback over the past month suggests that a weakening dollar could push BTC price even higher in the coming sessions.  Bitcoin-dollar correlation on hourly chart. Source: TradingView.com Dollar drops […]

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Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

September 18, 2021

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Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations that […]

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Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

September 4, 2021

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What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding […]

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