Market Wrap: Bitcoin Dips to $8.8K but Optimism Seen Continuing Ahead of Halving

Bitcoin’s trading volume was lower on Monday compared to the latter part of last week but traders appear to be staying optimistic ahead of the expected bitcoin halving next week. Bitcoin (BTC) was trading down less than 1 percent over 24 [...]

2020-05-04T20:18:43+00:00May 4th, 2020|Bitcoin|

Market Wrap: May Opens With Equities Lower While Bitcoin Steady at $8.7K

While traditional markets started the new month with a sell-off, bitcoin is holding its own. Bitcoin (BTC) was trading up 1.2% over 24 hours at $8,728, with 10-day and 50-day technical indicator moving averages continuing to signal sideways sentiment Friday. A [...]

2020-05-01T20:32:12+00:00May 1st, 2020|Bitcoin|

Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency.At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical [...]

2020-04-30T20:44:32+00:00April 30th, 2020|Bitcoin|

Market Wrap: Bitcoin Edges Up to $7.7K as Mining Power Rebounds

Bitcoin's price is on the upswing, and so is the amount of computing power securing the network as a once-in-four-years event known as the halving approaches.The world’s oldest cryptocurrency is up 12% over the past five days, and less than [...]

2020-04-28T20:52:36+00:00April 28th, 2020|Bitcoin|

Market Wrap: Bitcoin Steady at $7.5K as Short Sellers Back Off

Since Thursday’s jolt in bitcoin prices, the cryptocurrency has traded in a tight range close to the $7,500 level. It has not only come back from the losses suffered in March, it’s also showing some upward momentum. The price for one [...]

2020-04-24T20:29:04+00:00April 24th, 2020|Bitcoin|

Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether

The oil markets rebounded somewhat from the stunning, historic lows that started the week. Prices for a barrel of West Texas Intermediate (WTI) have remained generally above $10 Wednesday, with trading up 9 percent as of 20:30 UTC (4:30 p.m. EDT). [...]

2020-04-22T20:50:19+00:00April 22nd, 2020|Bitcoin|
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