Historical analysis shows Bitcoin to soon exit multi-year bear market

While considering the macro-bearish economic backdrop that Bitcoin has traded against throughout the past couple of months, the cryptocurrency’s relative strength has made it one of the best performing major assets of this year. As for what this relative strength may mean for the cryptocurrency’s 2020 outlook, one analyst is noting that BTC’s fair price […]
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Options see 5% chance Bitcoin will hit $20,000 in 2020: Will it happen?

In February, when Bitcoin had retaken $10,000, traders were convinced that the cryptocurrency was well on its way to revisit and surmount the $20,000 all-time high established in Dec. 2017. In fact, one prominent crypto trader suggested BTC would do so before July, citing a confluence of technical and fundamental factors. But, to the surprise […]
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Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400

Over the past few days, bullish pressure has been building for Bitcoin; all throughout the last two weeks, the cryptocurrency has been forming an uptrend, registering a consistent series of higher lows and higher highs. On Apr. 6, this streak of strength culminated in an ongoing explosion higher for BTC, which just minutes ago forced […]
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Analyst: this simple Ethereum structure point towards a quick recovery to $200

The Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart. […]
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Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why

It would be fair to say that Bitcoin didn’t perform too well in March. For those who have been living under a rock, the cryptocurrency shed more than 50 percent of its value on Mar. 12 and 13, plunging from a price just shy of $8,000 to lows at $3,800 in a dramatic fashion, liquidating […]
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Data metrics surrounding Bitcoin’s miner dynamics all point to a long-term bottom

Ever since Bitcoin’s capitulatory drop to lows of $3,800 seen in mid-March, investors and analysts alike have all been attentively watching for signs that these lows will ultimately mark a long-term bottom. The benchmark cryptocurrency’s strong rebound from these lows has certainly been a positive sign that bolsters the theory that BTC won’t dip below […]
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Big crypto firms are purportedly laying off staff, but others are on hiring sprees

Many tout Bitcoin and cryptocurrency for their uncorrelated natures, their ability to simply not care what the rest of the world is doing. But, this is seemingly not true; reports indicate that a number of crypto companies have begun to lay off staff or have paused their hiring processes most likely in response to the […]
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Volatility strikes back, but on-chain metrics reveal strong resistance ahead of Ethereum

The cryptocurrency market has gone through a bullish impulse that saw many cryptos rise substantially, including Ethereum. Now, on-chain metrics reveal that Ether could face significant resistance ahead. Volatility is back and Ethereum benefits from it Ethereum started off Q2 on the right foot. The smart contracts giant jumped over 13 percent from a monthly […]
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Like gold with previous crises, Bitcoin will thrive after coronavirus, research shows

Bitcoin showed a tight correlation with the U.S. stock market for about two weeks from March 12, raising concerns among investors that cryptocurrencies are just as vulnerable to a financial crisis as stocks and other high-risk assets. A study from Seba, a Swiss banking startup that raised $103 million in 2018, showed that gold performed […]
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Oil volatility following Trump tweets brings crypto traders to PrimeXBT

Few asset classes are as known for their volatility as cryptocurrencies like Bitcoin, Ethereum, and others are. Because these young digital asset valuations are driven primarily by speculation and hype, they are especially susceptible to wild price swings. However, today, it was the oil market that experienced crypto-like gains, causing the price per barrel of […]
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Binance and others overtake BitMEX as most-used Bitcoin derivatives platform

As CryptoSlate has detailed extensively over the past few weeks, the dynamic of the crypto market has dramatically changed ever since Mar. 12’s Bitcoin flash crash, during which the market capitalization of the space lost almost 50 percent within a 24-hour time span. Data shows that BitMEX, a top cryptocurrency derivatives exchange, has been especially […]
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Bitcoin May Still Drop As Low As $4,800, Analysts Predicts

Bitcoin’s market price dropped from the new stable $6,800 by a violent 10% in less than a day, and analysts are saying that it may […]
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Bitcoin Price Prediction: BTC/USD Nosedives Around $6,000; Major Support Lies at $5,800

Bitcoin (BTC) Price Prediction – March 28 After accumulating above $6,500, the Bitcoin (BTC) experienced the most anticipated fall as it retests around $6,000 and […]
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Bitcoin (BTC) Could be Tested By Another Stock Market Dip Due to the Coronavirus

In brief: Today, the US has surpassed China in confirmed cases of the Coronavirus. A total lockdown might be the only option left to curtail the spread of the disease in North America. The Stock markets might experience another dip due to technical and fundamental factors.  Bitcoin (BTC) might thus be tested one more time by a stock market meltdown. New developments reaching Ethereum World News regarding the spread of the Coronavirus indicate that the United States has surpassed China […] …

Several key metrics suggest that Bitcoin could be preparing for a power move

Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since […]
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Bitcoin Suffers Almost 45% Drop In Hashrate Compared To 2020 Peak

The Bitcoin (BTC) network has taken a massive hit in terms of hash rate. The steep dive knocked out almost 45% from the 2020 peak […]
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The Fed just gave crypto a critical lifeline by doing this, and Bitcoin is strongly reacting

The Federal Reserve is taking a stronger approach than it did during the 2008 financial crisis to slow down the downtrend of the U.S. economy. The crypto market has been rallying in tandem with U.S. stock market futures, reducing fear in the market for the first time since early March. The Fed will be able […]
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This relatively small amount of money will pump-and-dump Bitcoin’s price

BitMEX recently suffered an attack that resulted in $1.2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation. BitMEX’s roll in the crypto derivatives market BitMEX is one the biggest and most liquid Bitcoin and crypto-asset derivatives trading platforms around […]
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This news proves the crypto industry isn’t dead even after Bitcoin’s 50% crash last week

Glancing at Bitcoin’s price performance over the past week, punctuated by a 50 percent decline on the days Mar. 12 and 13, it’s easy to say that “crypto is dead.” Case in point: Peter Brandt, a long-time commodities trader that once said BTC could hit $50,000 and beyond, recently argued that if he looks at […]
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Traders Leveraging Algorithms Make Gains In Crypto Wealth

The Set Protocol is an automatic trading algorithm that has given investors who risked its use a slightly greener outlook among a massive crash in […]
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Aftermath of bizarre Bitcoin crash: BitMEX overtaken by FTX and Deribit in Ethereum futures

BitMEX, one of the largest cryptocurrency futures exchanges in terms of daily volume, has fallen behind OKEx, FTX, Deribit, Huobi, and Bybit in Ethereum open interest after the overnight Bitcoin drop to $3,600 on March 12. The exchange was criticized for not using a large part of its insurance fund as $1.2 billion worth of […]
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Crypto Twitter Alight With Debate As Industry Crashes

Crypto analysts all across Twitter have gone more bearish than ever on Bitcoin and crypto in general. This is primarily due to the recent market […]
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Trader warns institutions won’t ever invest in Bitcoin large-scale due to the overnight plunge

The Bitcoin price plummeted by 50 percent on March 12 in a steep sell-off, and one cryptocurrency trader said that it could eliminate the appetite of institutional investors to invest in the space at a large-scale. “Bitmex is the main reason institutions won’t ever invest in BTC in large scale. Too much manipulation. Seriously if […]
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Bitcoin hashrate barely dropped price crash to $3,600: here’s why it’s a positive sign

The hashrate of the Bitcoin blockchain network barely flinched as the price of BTC plummeted to $3,600, by around 50 percent within a 24-hour span. It may indicate that big mining firms have not capitulated amidst the drop, going in line with theories put out by respected industry executives. What’s the theory? and is Bitcoin […]
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