Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack

Bitcoin’s price has hit a new record for 2020, reaching as high as $8,438 before retracing slightly. At 23:30 UTC on Jan. 7, the world’s largest cryptocurrency by market capitalization began a strong upward trend from $8,080 to above $8,400 before topping out at $8,438 in just over 40 minutes. The move to fresh 2020 […]

Continue Reading

CORRECTED: Bitcoin Price Jumps $200 in One Hour

Bitcoin’s price jumped $200 in an hour and a half on Monday, rising to a 30-day high of $7,800. The world’s largest cryptocurrency by market capitalization climbed after data provider CoinMarketCap showed a sudden jump in the supply of stablecoin tether (USDT). The 5 percent rise in bitcoin’s (BTC) price initially appeared to be preceded […]

Continue Reading

Cryptocurrency Is Still the World’s Best Performing Asset Class This Year

Of course, 2019 didn’t start out that way. Back in February, the top 10 crypto began a fairly dismal run, resting well below all other traditional asset classes when viewing their return on investment figures. However, sentiment began to pick up significantly in March and by mid-year, cryptocurrencies were far out ahead of other the […]

Continue Reading

Bitcoin Price Faces Drop to $8.5K After Consecutive Weekly Losses

View Bitcoin’s consecutive weekly losses and multiple failures at key resistance have shifted risk in favor of a drop to around $8,550 and perhaps as low as $8,000. Daily chart indicators have turned bearish for the first time in over a month, supporting the case for a deeper decline. A high-volume move above $9,335 (descending […]

Continue Reading

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, […]

Continue Reading

Bitcoin Price Slides 2% After Deribit, Coinbase Flash Crash

Update (Nov. 1, 15:03 UTC): Deribit will reimburse over $1.3 million in losses from the BTC index calculation data issue witnessed at 21:00:00 UTC on October 31, 2019. Another flash crash has occurred for bitcoin (BTC), this time appearing on the Coinbase Pro and Deribit exchanges. At 19:55 UTC on Oct. 31, BTC’s spot price dipped […]

Continue Reading

Bitcoin Price Hits Five-Week High Above $10,000

Bitcoin’s price was quoted in five digits across cryptocurrency exchanges earlier today, but the breakout into $10,000 was short-lived. The number one cryptocurrency by market value jumped to $10,350 at 01:45 UTC – the highest level since Sept. 24 – according to Bitstamp data. Meanwhile, the global average price, as calculated by CoinDesk’s Bitcoin Price […]

Continue Reading

Bitcoin Looks South After Price Squeeze Ends With Drop to $9.6K

View Bitcoin fell to $9,600 earlier today, marking a downside break of recent low-volatility consolidation represented by the narrowing of Bollinger bands. The Bollinger band breakdown has opened the doors for a slide to $9,320 (August low). A break above $10,380 (Sept. 19 high) is needed to neutralize the bearish setup. Bitcoin’s recent low-volatility price […]

Continue Reading

Bitcoin Price Indicator is Most Bearish Since December

View Bitcoin’s weekly moving average convergence divergence (MACD) histogram is reporting strongest bearish bias since December, suggesting the cryptocurrency may soon dive out of a narrowing price range.  Daily chart indicators are also biased bearish. A range breakdown, if confirmed, would open the doors for a drop below $9,000. A range breakout would imply a […]

Continue Reading