Tags : 40K

Market

Institutions Not Worried About Bitcoin Dropping Below $40K, Options Data

Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the […]Read More

Bitcoin

Bitcoin Correction Towards $40K Back in Focus as Rally Pauses

Bitcoin lost steam on Wednesday, pausing a bull run that had accelerated on the backs of Tesla’s $1.5 billion investment and optimism over a massive stimulus package in the United States. The benchmark cryptocurrency closed marginally higher by 0.14 percent on Tuesday, forming a Doji candle that shows an imminent bias conflict in the market. […]Read More

Cryptocurrency

Analysts explain why Bitcoin is primed for a rally back

The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours. Trader Peter Brandt believes BTC would either face a “complicated” correction or see a broader rally. Brandt, a long-time trader, pinpointed the daily price chart of Bitcoin to explain that the range is tightening. When the range […]Read More

Bitcoin

Bitcoin Eyes Bull Run Towards $40K Ahead of Biden’s Stimulus

Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden’s stimulus plan expected later on Thursday, hoping that a generous spending package would pressure the US dollar and boost demand for alternative safe-haven assets. The US president-elect’s proposal expects to increase the federal deficit by around $2 trillion. His bill might contain […]Read More

Market

Why Is Bitcoin Going Up, and Will It Crash Soon?

Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly begun in October, its value has increased fourfold.  So for pros and newbies alike, or if you want to be the cryptocurrency expert at your next Zoom party, […]Read More