Bitcoin


Mercati

Bitcoin Upside Stalls Near Resistance; Support at $33K-$34K

The month-long consolidation and declining volume suggest a volatile price move could occur as traders await confirmation of a decisive breakout.

Bitcoin hourly chart

Mercati

Bitcoin Price Consolidation May Be Nearing the End, Indicator Suggests

The cryptocurrency saw big moves in December and April after the Bollinger bandwidth fell to 0.15.

BTCUSD daily bollinger

Mercati

Ether Could Overtake Bitcoin as Store of Value, Goldman Sachs Says

While bullish on ether, Goldman denied cryptos' superiority to gold when it came to taking the top spot among safe-haven assets.

Goldman Sachs Tower, Jersey City, New Jersey

Mercati

Bitcoin Miner Profitability Could Double After Record Drop in Network Difficulty

Mining economics have improved significantly, according to one analyst.

Technicians exit a cooling chamber adjacent to a wall of bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China.

Mercati

Market Wrap: Bitcoin Consolidates Amid China Crackdown

China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.

Bitcoin daily price chart, CoinDesk 20

Mercati

Leveraged Funds on CME Trim Bets Against Bitcoin

"This probably has more to do with leveraged funds hedging their long positions in GBTC shares using the CME futures,” one trader said.

Screen-Shot-2021-07-06-at-5.34.22-PM

Mercati

Axie Profiting From Booming NFT Economy as Bitcoin Struggles

The boom in the play-to-earn economy comes amid falling yields in the bitcoin and DeFi markets.

The popularity of Axie Infinity's marketplace is helping the price of the project's governance token, AXS.

Mercati

Bitcoin Rangebound at Support; Resistance at $36K

Minor support is seen at $33,000, which is near the 100-day moving average on the four-hour chart.

Bitcoin four-hour chart

Mercati

Bitcoin Trims Gains as PBOC Steps Up Crypto Crackdown

Bitcoin fell from $35,100 to nearly $34,000 after the news started doing the rounds on Twitter.

People’s Bank of China