Bitcoin has seen its share of the cryptocurrency market fall by almost 5% in just two weeks as the altcoin boom continues. According to data from CoinMarketCap, as of August 5, the largest cryptocurrency had a market cap share of 60.5%—its lowest since June 2019.
-
-
Bitcoin price recovers from $1,200 dip as trader warns gold is due to crash
More upside is due for Bitcoin in the short term, says Tone Vays, but the coming weeks should see gold top out
Bitcoin is still firmly in bullish territory despite its “huge drop” of more than $1,200 this weekend, one of the industry’s best-known traders says. In the latest edition of his Trading Bitcoin livestream, Tone Vays said that there was no need to worry after BTC/USD crashed from more than $12,000 to less than $10,900 in 20 minutes.
-
Markets Report: Bitcoin price falls from $12,000 as futures gaps become targets
Gaps in CME Futures point the way for both bulls and bears as Bitcoin sits at $11,200 on Monday
Previous weeks were marked by macro volatility dictating Bitcoin price movements. The assets’ correlation is well documented, with Bitcoin and the S&P 500, for example, 95% correlated. Both this week and last, however, the pattern of copycat moves was conspicuously broken. Bitcoin is gaining over stocks, which are by contrast much less volatile.
-
Markets Report: Bitcoin Price Holds $11,000 Goldman Sachs Warns Over US Dollar
Another day of strong performance keeps Bitcoin bulls in charge as gold continues to push new all-time USD highs.
Bitcoin's 24-hour performance has seen less volatility than in recent days, with BTC/USD moving in a corridor between $10,900 and $11,140.
