• markets report bitcoin price
    Fed Chair Jerome Powell's speech announcing increased inflation is good news for safe havens (Photo: CoinMarketCap)
    Bitcoin

    Markets Report: Bitcoin needs $11,500 daily close as wild $20M price theory hits

    Central bank balance sheet correlation theoretically implies a Bitcoin price of $20 million, a “fun” quant analysis reveals

    August 28, 2020 /

    Bitcoin lingered near $11,500 on August 28 as analysts delivered fresh bullish price projections that ran as high as a giant $20 million. Data from price tickers including CoinMarketCap showed fairly flat action for BTC/USD overnight to Friday, in the aftermath of the Federal Reserve’s inflation speech.

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  • markets report bitcoin price
    Bitcoin ends the week firmly in its $11,000 to $12,000 corridor (Photo: CoinMarketCap)
    Bitcoin

    Markets Report: Bitcoin ends a week of ranging amid focus on weekly close above $12,000

    A tour around the $11,000-12,000 corridor comes as institutions bet big on Bitcoin as a hedge against ailing fiat economics.

    August 14, 2020 /

    Bitcoin began this week in a highly bullish mood, challenging $12,000 resistance twice in 24 hours on the back of a turbulent weekend. Volatility remained, with the final attempt to flip $12,000 to support met by a sudden dip of over $500 in minutes. This set the scene for a return to “ranging” price behavior for BTC/USD — movements can be significant, but always within a defined corridor.

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  • markets report bitcoin price
    Bitcoin continues to bounce around in the $11,000 to $12,000 range (Photo: CoinMarketCap)
    Alt coins,  Bitcoin

    Markets Report: $11,600 is ‘Level to Watch’ For Bitcoin Bull Market Continuation

    Ranging behavior needs a strong daily close for disruption, say market commentators as altcoins chip away at Bitcoin’s market cap dominance

    August 13, 2020 /

    Bitcoin continued to crisscross the corridor between $11,000 and $12,000 on August 13 as a lack of volume failed to send markets higher. Data from price trackers including CoinMarketCap showed BTC/USD extend “ranging” behavior on Thursday, consolidating after weeks of upward momentum.

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