market

Total Market Cap Arches Over $200 Billion As Calendar Turns a New Leaf

The crypto industry never has a dull day. Either one of the altcoins is faring well or Bitcoin pumps/plunges. Even the total market cap is subjected to the ups and downs. As per Coinmarketcap & Coingecko data, the total market capitalization has crossed the $200 billion barriers the first weekend of 2020.   Coinmarketcap Over the...
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Will This Major US Broker List XRP in 2020?

A recent statement from an online broker, TD Ameritrade, shows that the firm still hasn’t ruled out adding XRP to its platform, causing the coin’s community to speculate about its potential addition. The adoption of cryptocurrencies continues, and many expect that the following decade will be crucial for the crypto trend. With every little victory...
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Bitcoin Poised to Retest $5,000 Before Return to Bull; Here’s Why Analysts Think So

Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)Related Reading: Bitcoin Poised to Collapse...
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Analyst Explains Why XRP Price May Soon Jump Over 100%

XRP hasn’t done too hot over the past few months, both in terms of its performance against the U.S. dollar and against Bitcoin. Even over the past year, the third-largest altcoin has collapsed by 50%, underperforming the leading cryptocurrency by a massive margin.Despite this, an analyst is starting to believe that the price of XRP...
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Bitcoin Price Ready to Pop Higher? Monthly Chart Shows Reversal Signs

Earlier this month, Bitcoin (BTC) plunged as low as $6,400, marking a new multi-month low for the leading cryptocurrency. But as fast as the crypto dropped, it reversed, with BTC surging to $7,700 just last weekend on the back of bulls looking to buy in the $6,000s.Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish...
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Why Bitcoin Network’s Record 2019 Is Bullish For the Crypto Market

Although up 70% on the year, Bitcoin hasn’t had the best of 2019s from a market perspective, with the price surging 330% to $14,000 before seeing a precipitous drop to as low as $6,400 just earlier this month.Despite this harrowing price action, which some analysts say is indicative of mass complacency in the crypto market,...
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Here’s The Level Analysts Believe Could Spark the Next Ethereum Rally

Ethereum’s price action has been largely bearish over the past several days and weeks, with ETH facing multiple strong rejections that have pointed to some underlying weakness amongst the cryptocurrency’s bulls.Analysts are now noting that Ethereum could be on the verge of incurring a major upwards movement, but that it may need to drop significantly...
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Kleiner Perkins’ Investor Shares Her Blockchain Predictions for 2020

Monica Desai Weiss, an investor at the venture capital company, Kleiner Perkins, recently had an interview in which she shared her predictions regarding fintech and blockchain in 2020. The year 2020 is almost here, and with it, an entirely new decade is about to kick off. Many expect it to be the age of technological...
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Key Bitcoin Signal That Preceded 330% Rally to $14,000 Flashes Again

If you’ve been on Crypto Twitter, you’ve likely heard the term “miner capitulation” time and time again in reference to Bitcoin.For those who have been living under a rock, Bitcoin’s drop which began earlier this year led the hash rate of the underlying network to flatline. This trend led the Hash Ribbons, an indicator tracking...
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Why Bitcoin Needs to Close Above $8,000 to Catalyze Next Bull Run

After a precipitous drop to $6,400 earlier this month, Bitcoin (BTC) has seen a strong rebound, trading as high as $7,700 just this past weekend.While some say this a precursor to a return to the bull market that graced the cryptocurrency industry for the first half of 2019, analysts say it’s too early to be...
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Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here’s Why

As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin’s impending block reward reduction. Informally known as the “halving” or the “halvening,” every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market.Analysts...
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Five Reasons Why Bitcoin Price is Bullish Heading Into 2020

The past few months haven’t been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands.Despite this strong retracement, a popular analyst is convinced that the future is bright for BTC. He...
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Bitcoin Price Likely to Jump After Christmas; Here’s Why

Last year’s holiday season wasn’t the best time for Bitcoin holders. For those who missed the memo, in November and December of 2018, the leading cryptocurrency tanked, falling off a proverbial cliff as investors capitulated, liquidating their BTC holdings in search of greener pastures. In fact, within a four week period, Bitcoin had entirely capitulated,...
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How Rakuten’s Latest Bitcoin Effort Could Help the Markets

Japan has long been a hotbed for crypto adoption. Not only is the pseudonym of Bitcoin’s creator, Satoshi Nakamoto, Japanese, but some of the largest cryptocurrency companies have called the Asian country their home over the past decade. That’s not to mention that Japan is a technologically advanced society ready to adopt innovation.It should come...
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High Likelihood Bitcoin Bottom Came In at $6,400; Here’s Why

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month and $6,400 just days ago, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the...
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Why Ethereum Could Rally by Over 100% Against Bitcoin: Analyst

Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this...
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Bitcoin Price Poised to Press $8,000, Analysts Assert After 4% Drop

At long last, Bitcoin (BTC) has started to show signs of life. Over the past 48 hours, the cryptocurrency has pressed higher, moving past the tight range in the $7,100s it was stuck in for days.Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish SignsBy Monday morning, the cryptocurrency was trading as high as...
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What Bear Market? Why Bitcoin is Ready to Enter Next Bull Phase

Bitcoin hasn’t done over the past few months. Since peaking near $14,000 in June of this year, the price of the leading cryptocurrency has fallen off by 50%, tumbling under the pressure of an overextended market and bulls taking profit.For some reason or another, there are analysts that expect this pain to persist, citing an...
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Analyst Calls Sunday’s Jump, Expects Bitcoin to Hit $20,000 by March; Here’s Why

Some four days ago, a Bitcoin analyst going by “Velvet” posted the chart below. In it is depicted BTC’s price action for the past 18 months, a Fibonacci Retracement of the $3,150 to $13,800 move, two trendlines, a moving average, and a vertical date marker for December the 22nd.$BTC #BTC #BTCUSDPresented with no comment: pic.twitter.com/hRrDaqM2IQ—...
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CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish Signs

Once again, analysts have begun to flip bullish on Bitcoin (BTC), citing fundamental and technical factors to back their cheery sentiment. Though, not everyone is convinced that the cryptocurrency market is poised to see upside.Related Reading: Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain WhyCME Futures Show Institutions Bearish On BTCEach week, the Chicago Mercantile...
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Why Analysts Across the Board Expect Bitcoin Price to Surge by 8%

After days of no price action, Bitcoin (BTC) has started to show signs of life. The leading cryptocurrency broke higher on Sunday morning, pushing past the $100 range that had defined Bitcoin’s price for the better part of three days.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs InAs of the time of...
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Why Bitcoin Price Just Got a Major Boost For the Next Rally

If you’ve been on Crypto Twitter, you’ve likely heard the term “miner capitulation” time and time again in reference to Bitcoin.For those who missed the memo, when BTC started to tank last month, the Bitcoin network’s hash rate began to stall, failing to grow after months of growth in the cryptocurrency mining ecosystem. This trend...
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XRP is Down 95% from Its 2018 Peak; What’s Next for the Embattled Crypto?

Despite what the news may imply, Bitcoin (BTC) is up on the year, having posted an over 70% gain. XRP, Ethereum, and other altcoins, on the other hand, have suffered, plunging under the weight of a volatile Bitcoin.Some cryptocurrencies have been hurt more than others. The most hurt altcoin in the top 10 has to...
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Bitcoin Price Poised to Tumble in Coming Week, CME Futures Statistic Predicts

Statistics show that the Bitcoin price may be on the verge of seeing a red week. No, by red I don’t mean Christmas, I mean a week in which the cryptocurrency falls, potentially to enter back in the range of the $6,000s.Related Reading: Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTCBitcoin Futures’ Imply BTC...
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XRP Could Soon Fall Against Bitcoin, Analyst Warns as Pressure Builds

Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under the pressure of BTC volatility.Related...
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This Simple Indicator Implies Bitcoin Price is Nearing Macro Bottom

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...
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Analyst That Called Bitcoin’s Crash to $6,000s Expects Price to Rebound

In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher.Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve. He went as far as to say that Bitcoin...
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Bitcoin Price is Poised to Return to $6,500 Lows; Analysts Explain Why

This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to...
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Why Bitcoin’s 2020 Halving Will Catalyze “FOMO” and “Large Bull Run”

In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.Related Reading: Don’t Withdraw Bitcoin...
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Breaking: As Bitcoin Reclaims $7,000, Bakkt Volume Explodes to New High

The past three days have been an absolute whirlwind for Bitcoin, with the price of the leading cryptocurrency whipping between $7,150, $6,400, and everywhere in between, seemingly without rhyme or reason.Related Reading: Goldbug Peter Schiff Calls For Bitcoin To Close 2019 at A LossThis latest bout of volatility hasn’t gone unnoticed. Institutions trading cryptocurrencies have...
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