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Bitcoin Price High Coincides With Funds Buying BTC
Bitcoin bounced today thanks to renewed speculation the U.S. could soon approve exchange-traded funds (ETFs) on bitcoin futures. The consensus in the crypto market is that an ETF would become the most important source of demand from yield-hungry institutional and traditional market investors. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Declines From Resistance, Approaches $40K Support
Bitcoin is trapped in a narrowing price range and is trading lower after sellers responded to resistance near $45,000. Support is nearby at $40,000, which could stabilize the pullback. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Recovering, Faces Short-Term Resistance Near $46K
Bitcoin is recovering above its $40,000-$42,000 support zone with initial resistance seen at around $46,000 after global macro fears sent worldwide equities and crypto markets tanking Tuesday. Still, some suggest it's too early to call bitcoin's bottom. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Eyes $3B September Options Expiry After Dropping to $40K
Major crypto options exchanges, including industry leader Deribit, will settle over $3 billion worth of bitcoin options contracts Friday. Analysts don't expect the monthly expiration to have a notable impact on bitcoin, which is under pressure this week due to macro risks and regulatory concerns. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Is Bitcoin Still a Safe Haven Asset?
Bitcoin continues to take cues from equity markets amid macro uncertainty, seeming to contradict the popular narrative of BTC being a safe haven like gold. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
September Bitcoin Correction? BTC Slips Below $45K
Past data shows September dips pave the way for larger bull runs, particularly those seen after a halving year. Bitcoin underwent its third mining-reward halving in May last year. The first and the second halvings took place in 2012 and 2016. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Golden Cross Appears in BTC Chart, Confirming Bullish Trend
New data reveals bitcoin has formed a golden cross on its daily price chart, a rare but closely tracked pattern that generally occurs when an asset is on an upswing. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
The Impact of Fake News on Bitcoin
New data reveals the impact a lie can have on bitcoin's price. A fake news release Monday announcing a bogus partnership between Walmart and litecoin, a fork of bitcoin, coincided with a spike in BTC's price. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Is Bitcoin's Immediate Bullish Outlook Weakening?
According to Coinbase Institutional, bitcoin's immediate bullish outlook has weakened. Courtesy of last week's slide, the cryptocurrency could consolidate between $44,000 and $48,000 for the time being. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Briefly Drops Below $43K, Wipes Out Past Week's Gains
A new chart of the bitcoin price over the past week reveals the impact of Tuesday's wipeout. Bitcoin tumbled 11.3%, the most since May and plunged as low as $42,900 during the selloff. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.