Tag: bond yields

Apr 09 2021

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one that...

Apr 07 2021

A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate Hikes Bets

There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020's nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have provided one of the most strengthening bullish tailwinds...

Mar 31 2021

Solid Upside Rejection as Bitcoin Tests $60,000; What to Expect?

Bitcoin bears attempted to take control during the early European session as the cryptocurrency neared a $60,000-valuation. The BTC/USD exchange rate slipped by as much as 4.89 percent from its intraday high of $59,800, triggering over $388 million worth of long positions across all the derivative exchanges in just four hours of trading. A sell liquidation occurs when the market moves against a...

Mar 29 2021

Bitcoin Weekly Forecast: BTC/USD Does Not Want to Move Below $50,000

Last week was suspenseful for Bitcoin. The cryptocurrency market was expecting a super-volatile period as about $6 billion worth of options neared their expiry. Many bears maintained their put options strike rate to near $47,500 — and even tried their very best to crash the bitcoin...

Mar 18 2021

Bitcoin Wipes Off Dangerous Bearish Cross After Fed Holds Rates Steady

Key Bitcoin Takeaways Bitcoin formed a bearish cross earlier this week as it underwent a major sell-off. But the cryptocurrency counterbalanced fears of a further downside correction after the Federal Reserve's policy update. The US central bank announced that it would keep near-zero interest rates steady. Earlier this week, a death cross...

Jan 12 2021

3 Reasons Why Bitcoin Price Crashed by More Than $11,000

Bitcoin suffered a major price crash during the weekend and on Monday after securing a milestone high of $41,986. The flagship cryptocurrency shed more than $11,000, or roughly 29 percent, in just three days of trading to hit a session low just shy of $30,000. Its plunge...

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