BTC Price Plunges Shortly After MicroStrategy Announcement of 3,907 Bitcoin Purchase for Roughly $177M

On August 24th, MicroStrategy acquired some extra 3,907 bitcoins at about $177 million in cash. MicroStrategy Incorporated CEO Michael Saylor made this announcement via Twitter. The Firm Is On a Bitcoin Acquisition Spree The US-based NASDAQ-listed business intelligence firm is said to be on a bitcoin acquisition binge. The firm purchased almost 4,000 bitcoins at… Continue reading BTC Price Plunges Shortly After MicroStrategy Announcement of 3,907 Bitcoin Purchase for Roughly $177M

Polkadot in a Sideways Move, Struggles Below $27 High

Polkadot's price has traded and retested the $27 price level twice. On the second retest, the price of DOT is fluctuating below the $27 resistance zone. The price consolidates above the $26 support and retests the resistance level. Traders believe that consolidation below a resistance level increases the chances of a breakout. Currently, a breakout… Continue reading Polkadot in a Sideways Move, Struggles Below $27 High

Price analysis 8/20: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH

Wells Fargo, in partnership with NYDIG and alternative assets manager FS Investments, has registered a new investment fund dubbed “FS NYDIG BITCOIN FUND I,” which will offer the bank’s wealthy clients an opportunity to gain indirect exposure to Bitcoin (BTC).  In another sign of growing institutional interest, filings submitted to the U.S. Securities and Exchange… Continue reading Price analysis 8/20: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH

BTC price holds $44K support in ‘great sign’ for Bitcoin bulls

Bitcoin (BTC) neared a critical breakout point on Aug. 19 as bulls sought to transform this week’s downtrend into a battle for resistance. Buyers and sellers close in on BTC Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it repassed $45,000 on Thursday, climbing to highs of $45,490 on Bits The move came… Continue reading BTC price holds $44K support in ‘great sign’ for Bitcoin bulls

Solana is now in price discovery as SOL shows strength below $70 all-time highs

Solana (SOL), the in-house token of decentralized computing platform Solana, continued major gains on Tuesday to become a top 10 cryptocurrency. SOL becomes top-10 market cap crypto Data from Cointelegraph Markets Pro and TradingView showed SOL/USD gain another 15% on Tuesday, briefly passing $72. Against weekly returns of nearly 70%, attention from traders was firmly… Continue reading Solana is now in price discovery as SOL shows strength below $70 all-time highs

Solana price soars to new highs with DeFi project launch, $70M DEX funding

Solana blockchain’s native asset, SOL, soared to a new record high on Monday. The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango Markets. Solana ecosystem upgrades Mango… Continue reading Solana price soars to new highs with DeFi project launch, $70M DEX funding

Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC

A KPMG report titled “Pulse of Fintech H1 2021,” shows that the total investment in the blockchain and cryptocurrency sector in the first half of this year has risen to $8.7 billion, which is more than double the $4.3 billion worth of deals done in 2020. KPMG global fintech co-leader Anton Ruddenklau said: “Cryptocurrency and… Continue reading Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC

Analysts say Bitcoin price "needed a breather" before chasing new highs

The high-flying optimism generated earlier this week when Bitcoin (BTC) and altcoin prices rose was tempered on Thursda as BTC dropped below $43,000. This led some analysts to warn that the price action seen over the past week was nothing more than a dead cat bounce. Data from Cointelegraph Markets Pro and TradingView shows that… Continue reading Analysts say Bitcoin price "needed a breather" before chasing new highs

Binance Coin Declines as Bears Resume Selling Pressure to $340 Low

Yesterday, Binance Coin (BNB) continued its upward trend, reaching a high of $410. The cryptocurrency is facing resistance at the recent high. The current resistance is the historical price level from June 3. The corresponding rejection sent BNB/USD down to a low of $224 on June 24. If the bulls break the $410 resistance today,… Continue reading Binance Coin Declines as Bears Resume Selling Pressure to $340 Low

Cardano Attempts to Jump the Hurdle at $1.84 as Bulls Revisit Peak Price at $2.20

Cardano's (ADA) share price makes an impressive upward move as it bounces back above $1.50 support. A similar rise above the $1.60 support will catapult the cryptocurrency to the $2.20 high. The altcoin is approaching the next hurdle to overcome before reaching the previous high of $2.20. If buyers push the crypto above the $1.84… Continue reading Cardano Attempts to Jump the Hurdle at $1.84 as Bulls Revisit Peak Price at $2.20

Cardano price is hot, but data shows pro investors haven’t warmed up yet

Cardano (ADA) has been in the spotlight lately and this is partially because of its early 2021 price performance and the fact that its huge fan base has been anxiously awaiting the launch of the network’s smart contract capability in the upcoming Alonzo upgrade. While the rise of DeFi took place and the total value… Continue reading Cardano price is hot, but data shows pro investors haven’t warmed up yet

Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin’s (BTC) recovery from $29,482.61 on July 21 has continued to surpass one resistance after another. Today, Bitcoin has risen above the 200-day simple moving average, an indicator watched by institutional investors to determine whether the asset is bullish or bearish. A positive sign about today’s rally has been that Bitcoin was not affected by… Continue reading Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin’s (BTC) recovery from $29,482.61 on July 21 has continued to surpass one resistance after another. Today, Bitcoin has risen above the 200-day simple moving average, an indicator watched by institutional investors to determine whether the asset is bullish or bearish. A positive sign about today’s rally has been that Bitcoin was not affected by… Continue reading Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

BTC price caps $4K weekly gains: 5 things to watch in Bitcoin this week

Bitcoin (BTC) is delighting bulls as it heads into a new week after closing a weekly candle in which it gained another $4,000 — can it hold? After spending much of the previous seven days hitting but then descending from local highs, sentiment was mixed going into the weekend. In the event, Saturday and Sunday… Continue reading BTC price caps $4K weekly gains: 5 things to watch in Bitcoin this week

Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears

Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail,… Continue reading Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears

Bitcoin price blasts through $43K, hitting its highest price since May

14384 Total views 181 Total shares Market Update Bitcoin’s (BTC) price rallied to a multi-month high at $43,231 on August 6 and this allowed the digital asset to break free of the trading range it had been stuck in since May. Data from Cointelegraph Markets Pro and TradingView shows that after trading sideways through the… Continue reading Bitcoin price blasts through $43K, hitting its highest price since May

Hard Fork Brings Ethereum Price 10% Up; Is the Altcoin Regaining its High?

Miners forked Ethereum (ETH) and also integrated EIP-1559 (Ethereum Improvement Proposals) on August 5, but there was neither a price crash nor a chain split. Rather, the EIP-1559 upgrade caused Ethereum's price to skyrocket by about 5% and trading volume by nearly 12%. The Ethereum fork not only helped push ETH coins toward $3,000 price… Continue reading Hard Fork Brings Ethereum Price 10% Up; Is the Altcoin Regaining its High?

Polkadot is in a Tight Range between $17 and $20 as Bulls Targets the $25 High

The price of Polkadot (DOT) has made impressive moves as the altcoin breaks above the moving averages. Today, DOT /USD was forced to move sideways below resistance at $20. The altcoin has been fluctuating between $17 and $20 since August 1. On the upside, a break above the $20 resistance will catapult the altcoin to… Continue reading Polkadot is in a Tight Range between $17 and $20 as Bulls Targets the $25 High

Binance Coin Holds Above $320 as Bulls and Bears Struggle for Price Possession

On August 1, Binance Coin (BNB) rose to a high of $347 but failed to sustain the uptrend. Bulls were overwhelmed as the altcoin fell back to $320. At the current $320 support, bears and bulls engaged in a price tussle for 48 hours before the upward correction kicked in. However, the BNB price attracted… Continue reading Binance Coin Holds Above $320 as Bulls and Bears Struggle for Price Possession

Bitcoin price clings to $38K, but Dollar Index bounce could put BTC under pressure

A recent run-down in the United States Dollar Index (DXY) stopped midway as investors awaited U.S. job data for a guide on the viewpoint for interest rates. Meanwhile, Bitcoin (BTC) moved inversely to the greenback. The DXY rose to its intraday high of 92.195 on Wednesday, up 0.45% from its Friday low of 91.782. The… Continue reading Bitcoin price clings to $38K, but Dollar Index bounce could put BTC under pressure

Terra (LUNA) price rallies 162% while Bitcoin and altcoin prices drop

Bitcoin (BTC) price appears to have faked out investors with its move to $42,000 last week and while the digital asset struggles to hold above $38,000, altcoins with strong fundamentals and real-world applications are gaining momentum. Terra (LUNA), a blockchain protocol that backs the fiat-pegged TerraUSD (UST) stablecoin, is one such project that has managed… Continue reading Terra (LUNA) price rallies 162% while Bitcoin and altcoin prices drop

Ripple Fails to Sustain Above $0.76 Resistance, May Slip to $0.60 Low

On August 3, 2021, the price of Ripple (XRP) fell back after rejecting the high at $0.76. Ripple (XRP) Price Long-Term Forecast: Bullish Since July 28, buyers have retested the $0.76 resistance level to break above it. This has led to Ripple resuming its sideways movement below the overriding resistance. If the bulls had succeeded,… Continue reading Ripple Fails to Sustain Above $0.76 Resistance, May Slip to $0.60 Low

Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” Cointelegraph also recently highlighted a… Continue reading Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin price is returning to $40K — But will shorts have their revenge?

Bitcoin (BTC) returned to $40,000 on Wednesday as bulls and bears waged a tug-of-war for hard-won higher ground. “A lot can happen” from current BTC price levels Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $40,200 overnight, sealing a rare eight straight green daily candles in a row. Investors had been initially skeptical… Continue reading Bitcoin price is returning to $40K — But will shorts have their revenge?