Tag: xbtusd

Jul 08 2021

Astro Crypto: How Solar Cycles Could Influence Bitcoin, VIX, & The Stock Market

Jul 08 2021 Published at Bitcoinist.com under tags  astro crypto astrology bitcoin btc btcusd

Markets are cyclical, and so is the sun, moon, and the rest of the solar system. But could solar cycles specifically be what controls the ebb and flow of financial markets like Bitcoin and stocks? A study of the VIX, the S&P 500 and cryptocurrency concludes that there may be something more to the relationship. And with the sun waking up...

Jul 07 2021

Why Ethereum Is More Bullish Than Bitcoin, But A “Flippening” Is Unlikely

Jul 07 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

A massive crypto market selloff set back the prices of Bitcoin and Ethereum by more than 50%. Ether fell a lot harder, wiping out more gains, but has since recovered a lot better. Technical indicators across the USD pairs of both cryptocurrencies are far more bullish for Ethereum, and it could be a sign of significant overperformance...

Jul 06 2021

Digital Versus Physical: Bitcoin Retests Former ATH Against Gold

Jul 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The digital gold narrative was partly responsible for institutional interest in Bitcoin, and putting the precious metal's bull run on pause. Only recently was that narrative tarnished and cryptocurrencies fell by 50% in a flash. The crash in crypto sent Bitcoin back to retest its former all-time high against gold as...

Jul 01 2021

Why Bitcoin And Blind Dating Don’t Mix

Jul 01 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

They say love is blind, but the what is most blinding in Bitcoin has always been greed. But falling for someone with the same interests as you, especially someone who is equally enamored by all things crypto, is something worth keeping your eyes peeled for. A new app attempts to make it a lot easier for BTC maxis and...

Jun 30 2021

Bitcoin Price Sets Record For Bloodiest Q2 In Crypto History

Jun 30 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is trading at around $34,000, down around 50% from the peak set in early April. Since then, however, the resulting price action is just moments away from setting the record for the bloodiest second quarter in crypto history. Here's the data behind the devastating Q2 2021 candle, a closer look at the quarterly price chart,...

Jun 29 2021

Is The Coinbase Global (COIN) Recovery Boosting Bitcoin And Altcoins?

Jun 29 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

Coinbase Global (COIN) going public on the Nasdaq has been nothing but negative for the crypto industry. It led to the peak in Bitcoin, carnage in altcoins, and even COIN itself got crushed in the days following the debut. But now COIN is beginning to bounce, breaking out from the only downtrend resistance it has ever known, and could be...

Jun 28 2021

Buy Bitcoin: Rich Dad, Poor Dad Warns Of “Worlds Biggest Crash”

Jun 28 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

World renowned bestselling author Richard Kiyosaki is warning of the world's biggest crash coming, and is recommending Bitcoin as one of the ways one can prepare for the worst. Here's why the Rich Dad, Poor Dad author is recommending the top cryptocurrency by market cap – and what the world's biggest crash might entail....

Jun 22 2021

Why Michael Saylor And MicroStrategy Are The Biggest Risk To Bitcoin

Jun 22 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is in a precarious position, on the ropes after a nasty selloff and on the cusp of losing support. All while this happens, MicroStrategy CEO Michael Saylor continues to buy BTC, adding to the corporation's already sizable position. While there are plenty of market participants that cheer the corporate crypto bull...

Jun 21 2021

Falling Lumber Prices, Inflation, And The Impact On Bitcoin As Digital Gold

Jun 21 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Since Black Thursday 2020, few asset classes have run as wild on a total ROI basis than Bitcoin and cryptocurrencies, as well as commodities like lumber. The rise of the assets with limited supplies is associated with post-pandemic inflation as well as an ongoing supply crunch due to shutdowns. However, both lumber futures and...

Jun 18 2021

Bitcoin Top And Bottom Metric Reaches Historically Oversold Level

Jun 18 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is still stuck in the mid-$30,000 range for weeks now, unable to break any lower or make an attempt to reclaim highs. After such a drastic 50% move down, the market is shaken and waiting for confirmation of direction before volume returns. Currently, the top cryptocurrency by market cap is at...

Jun 17 2021

The Bitcoinist Macro Report: Dollar Disrupts, Gold Melts Down, & Sideways Bitcoin

Jun 17 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

This week's Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news....

Jun 15 2021

Investing Icon Suze Orman Suggests Stacking Bitcoin For The Long Haul

Jun 15 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is now trading at around $40,000, up from virtually worthless just ten years ago. Even despite the law of diminishing returns, the nascent financial technology has enormous upside potential still. Well known investors are beginning to take more notice – even mainstream names like Suze Orman are now recommending BTC to those young and old, so long...

Jun 10 2021

The Bitcoin Battle On Bitfinex: Whales Load Up On Longs And Shorts

Jun 10 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is an asset for everyone, but that doesn't mean whales don't often swallow up as many coins as they can, with the intent of sometimes spitting them back out and causing a major wave across the market. Right now, on one of the most prominent cryptocurrency trading platforms on the market, a battle between those whales is taking place,...

Jun 09 2021

Bitcoin Network Gets Unprecedented Stress Test, Still No Buy Signal

Jun 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt charles edwards

Bitcoin price action is what everyone cares most about, however, the health of the network the asset underpins can have a dramatic impact on price action as the market has recently witnessed. A massive drop to the hash rate, China cracking down on miners, and energy FUD all contributed to one of the worst selloffs on record. This...

Jun 08 2021

Classical Chartered Market Technician Warns Of Bitcoin “Bear Trap”

Jun 08 2021 Published at Bitcoinist.com under tags  aksel kibar bear trap bitcoin btc btcusd

The recent Bitcoin bull market has attracted a lot more influential names these days. The CIO of Guggenheim Scott Minerd regularly speculates on crypto, Elon Musk is at the forefront of most conversations, and the Presidents of several countries are now adopting the cryptocurrency as legal tender. One of the most skilled...

Jun 04 2021

How Elon Musk Is Weakening The Bitcoin Hedge Narrative

Jun 04 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The masses cheered as Tesla CEO Elon Musk added the Bitcoin hashtag to his Twitter bio, and later revealed his company would accept BTC for purchases. Since then, however, the moon man himself has done enormous damage to the crypto bull market structure, and to investor's bottom lines. Worst of all, Musk is weakening the Bitcoin safe haven...

Jun 03 2021

CIO Claims The Government Will “Stop The Music” On Bitcoin

Jun 03 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Sentiment has sharply switched bearish on Bitcoin, and those that never liked the cryptocurrency in the first place are now out in droves doing further damage to the coin's rep. The latest to add to fuel to the flames of FUD in crypto, is Amundi CIO Pascal Blanque, who says Bitcoin is a "farce," is a product of stock market bubble,...

Jun 02 2021

Lifelong Technician, Fidelity Director Breaks Down The Bitcoin Correction

Jun 02 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is trading at below $40,000, down more than 40% from recent highs but above the low of around $30,000 per coin. The market is a state of confusion, wondering if the correction is over or if another leg down is necessary before it is all said and done. According to a self-proclaimed "lifelong technician"...

Jun 01 2021

Whale Watching: Bitcoin Long Positions Near All-Time High

Jun 01 2021 Published at Bitcoinist.com under tags  bitcoin bitfinex btc btcusd btcusdt

The transparency blockchain provides lets fundamental analysts see when whales are loading up on Bitcoin, but it can't tell when technicals take a turn. However, whale behavior might still be the key to understanding price action. Right now, whales on the long-standing crypto exchange Bitfinex have amassed one of the largest collective...

May 28 2021

China Global Television Network Talks Bitcoin Future: “We’re All Gonna Die”

May 28 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt china

Bitcoin is dead, is going to die, and more are not unheard of comments. The cryptocurrency being bad for the environment, the economy, even being called rat poison isn't anything new. But "we're all gonna die" if the emerging technology succeeds is definitely a new one, and completely out of left field. The comment comes during a segment from China Global...

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