For the first time in more than three months, bitcoin (BTC) has reclaimed $100,000, rallying to a level just 3.6% shy of its all-time high (ATH). This surge comes as tariff tensions between China and the United States ease off, and macroeconomic conditions become positive again. According to a report from the crypto exchange Bitfinex, […]
TL;DR Bitcoin’s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high. However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback. New Peak on the Way? The price of the leading cryptocurrency has been booming lately, briefly climbing above […]
Around 26,000 Bitcoin options contracts will expire on Friday, May 9, and they have a notional value of roughly $2.57 billion. This week’s event is virtually identical to last week’s expiry event, as derivatives crypto trading has remained muted. This may change now, though, as spot markets are ripping higher. Bitcoin Options Expiry This week’s […]
The broader cryptocurrency market has charted a notable increase over the past hours following an announcement from the US president about a “major trade deal” expected to be announced tomorrow. BTC, ETH, XRP, Altcoins Gain As CryptoPotato reported, Bitcoin’s price is seemingly aimed for the important technical and psychological resistance level at $100,000. The broader cryptocurrency market […]
Bitcoin’s price seems to be on the verge of hitting the coveted $100K level ahead of this weekend’s meeting between representatives of the United States and China. BTC Eyes $100K At the time of this writing, BTC’s price is trading above $99,000, currently sitting in an area of considerable resistance, as seen in the chart […]
Bitcoin prices reached an intraday and five-day high of $97,650 during early trading in Asia on Wednesday, May 7. The move has returned the asset to the same level it reached on May 2, where it hit resistance and retreated back below $94,000. Today’s jump added almost $4,000 to BTC prices in around 12 hours, but […]
Bitcoin (BTC) may be facing short-term volatility, but fresh on-chain data from Glassnode suggests a resilient foundation beneath the market’s surface. Despite a recent pullback from its all-time high (ATH) of over $109,000, BTC has rebounded from its April lows near $75,000 to consolidate above $94,000, putting 88% of its circulating supply in profit. Market […]
Bitcoin and crypto markets could face headwinds preventing new peaks if certain scenarios play out, wrote Bitcoin researcher and author Timothy Peterson. The economist provided the analysis to counter his bullish prediction that BTC could reach $135,000 in the next three months or so. Continued poor or declining sentiment could impact crypto markets should things not […]
TL;DR Months after it was declared a ghost town, the Bitcoin network has picked up pace again, with the number of active addresses skyrocketing to over 900,000. At the same time, a popular technical indicator has flashed a buy signal, suggesting that BTC’s price could be primed for another run in the short term. Network […]
Around 27,000 Bitcoin options contracts will expire on Friday, May 2, and they have a notional value of roughly $2.54 billion. This week’s event is around average compared to previous weeks, while derivatives crypto trading has remained muted as spot markets show signs of recovery. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts […]