bitcoin / 326 posts found
A Crucial Time For Bitcoin Price With FOMC Minutes Release Today
Cryptocurrency On July 27th the Federal Reserve held its Federal Open Market Committee meeting and today around 2pm EST the minutes of the meeting are said to be released. Now, with a decreased inflation rate, the market is hopeful that the Federal Reserve might slow down on its increased interest rates, yet nothing is clear. While the global market awaits the release of FOMC minutes, it’s been reported that Bitcoin withdrawal on the exchanges are seeing a rise. The Bitcoin price which was trading around $24,000 for most of the weeks, has now declined towards $23,000 level. The upcoming US […]
Bitcoin Price To Rise Or Fall? Here Is What Market Participants Expect
On August 15, the Bitcoin price touched $25,000 before sliding down towards the $24,000 range. Since then, the flagship currency has been facing a ‘pendulum’ price action movement. While market participants remain hopeful of an uptrend, the price stands on shaky grounds at the moment. Previously, Bitcoin critic Peter Schiff had predicted that the flagship currency was about to crash because he believed that the bearish market would pull down BTC all the way to the $10,000 level. Just to put the #Bitcoin rally into perspective, take a look at this chart. The pattern remains very bearish. There’s both a […]
Bitcoin (BTC) on-Chain Analysis: Lifespan Indicators Suggest Reversal Is Coming
Be[In]Crypto takes a look at Bitcoin (BTC) on-chain indicators, specifically the Spent Output Profit Ratio (SOPR) and the RHODL Ratio. BTC SOPR SOPR is an on-chain indicator that shows if the market is in a state of profit or loss. Readings above one (black line) show that the market is in aggregate profit, while those below one show aggregate loss. The main characteristic of bullish trends is that SOPR bounces at the one line instead of falling below it. SOPR broke down below one (black circle) in Jan. 2018. This suggested that the bullish trend had come to an end. Afterwards, the bottom […]
Will Bitcoin and Ethereum Price Maintain The Bullish Trend In Coming Week?
Bitcoin The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving. The Bitcoin price, which was earlier struggling around $23,000, has reclaimed the $24,000 level and might close the weekend on a bullish note. However, the latest analysis has a different prediction. As per reports, Bitcoin (BTC) could find its bottom around $20,000. Capo, a popular crypto analyst took to Twitter saying “one last high to rekt early shorts.” Another trader named Jibon had a similar warning, as he advised his followers to wait and buy […]
Bitcoin to Demonetize Gold – Michael Saylor Predicts the Future of Gold Investment
In an interview with Kitco, Michael Saylor, the former CEO of MicroStrategy, predicted that Bitcoin would demonetise gold. “Gold was metallic money for the 19th century,” he said while adding that gold will not be adopted as money in the 21st century. He predicted that a spot-based Bitcoin exchange-trade fund might come in a year. He anticipates that the biggest cryptocurrency will develop into an asset of institutional investment grade that will be accepted by influential investors, lawmakers, and regulators. Saylor claims that due to the volatile nature of the crypto market, conventional economists are sceptical about it. “The volatility […]
Why is Bitcoin Up This Week?
Cryptocurrency Bitcoin’s price at one point on Thursday reached $24,748.43 up by 4.81% with 24-hour trading, according to Coinbase. Thursday’s increase is a continuation of the rally by the first cryptocurrency with its price rising by 7.69% in just one week. Bitcoin currently enjoys a market cap of $470.5 billion and has a current circulating supply of 19,118,581 BTC coins. Across the board prices of cryptocurrencies are seeing a surge this week after a softer-than-expected inflation report, with Ethereum, Bitcoin’s biggest rival leading the pack with its value rising by 18.63% in the past week. Currently, Ethereum’s price is being […]