• Markets Report Bitcoin Price
    After a sluggish weekend, Bitcoin shot past $11,500 to open the week on a high note (Photo: CoinMarketCap)
    Bitcoin,  Markets Report

    Markets Report: Bitcoin shoots past $11,500 as hopes build of new breakout

    Successful attempts to crack $11,500 mark a bullish start to the week as U.S. dollar strength remains under pressure

    October 19, 2020 /

    Bitcoin has begun a new week by testing and breaking through $11,500 after the weekend preserved $11,000 support. After several days of sideways trading, Bitcoin looks set to challenge resistance closer to the significant $12,000 level as markets open around the world.

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  • Bitcoin holds $11.4K
    Bitcoin is holding fast well above $11,000 (Photo: CoinMarketCap)
    Bitcoin,  Markets Report

    Markets Report: Bitcoin holds $11.4K as companies keep buying and traders eye $12K next

    Stronger performance seems built to last as $11,000 support remains untested and corporate buy-ins roll in.

    October 14, 2020 /

    Data from price trackers including CoinMarketCap showed light fluctuation for BTC/USD on the day, with the past 24 hours seeing a narrow trading corridor of $160. $11,500 provided the upper bound, with the level proving to be de facto resistance throughout the week as Bitcoin tackled the path higher.

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  • 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 suffered a pullback overnight, but does it mean anything? (Photo: CoinMarketCap)
    Bitcoin

    Markets Report: Bitcoin tests $11,000 as macro awaits Fed inflation speech

    Losses overnight amount to a typical pullback, one trader argues, with volatility also heightening for gold ahead of Thursday’s speech

    August 26, 2020 /

    Bitcoin showed signs of weakness on August 26 as volatility in gold prices coupled with strength in the US dollar currency index to pressure sentiment. Data from price tickers including CoinMarketCap showed increasingly lower levels on the hourly chart for BTC/USD through Wednesday, with 24-hour losses sitting at 1.8% at press time.

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