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3-reasons-traders-now-expect-bitcoin-hitting-$13k-before-a-new-rally

3 reasons traders now expect Bitcoin hitting $13K before a new rally

The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.There are three main reasons why traders expect a deeper drop to occur in the near future, namely,  historical cycles, the Fibonacci Sequence,…
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Ripple-plans-to-cash-out-33%-of-its-moneygram-stake-with-a-significant-profit

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

The San Francisco-based payment protocol has filed a document on Friday with the US Securities and Exchange Commission (SEC). It reads that Ripple Labs has entered into an agreement with MoneyGram, which entitles Ripple to sell up to 4,000,000 shares of common stock. Ripple’s option to sell these shares will expire “upon the earliest of…
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Bitcoin-struggles-around-$17k-as-stellar-(xlm)-charts-120%-weekly-gains-(market-watch)

Bitcoin Struggles Around $17K as Stellar (XLM) Charts 120% Weekly Gains (Market Watch)

Bitcoin’s volatility continues with full force as the asset made another $1,000 move in the past 24 hours. Most alternative coins have marked minor gains following the recent price drops. Stellar has been on a tear in the past week and XLM has found a place in the top ten after a triple-digit surge. Bitcoin…
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Bitcoin-analysts-explain-what’s-next-in-the-aftermath-of-btc-plunging-to-$16.2k

Bitcoin analysts explain what’s next in the aftermath of BTC plunging to $16.2K

The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows.Whales selling right under Bitcoin's all-time high, particularly when the market sentiment was overly euphoric, led to a massive drop. Roughly $1.8 billion…
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Germany’s-finance-minister-calls-for-accelerated-development-of-digital-euro

Germany’s Finance Minister Calls for Accelerated Development of Digital Euro

Germany’s finance minister and noted crypto critic Olaf Scholz wants the European Central Bank (ECB) to move faster with its decision on a potential digital Euro. Scholz is known for espousing anti-cryptocurrency sentiments while encouraging the EU to develop digital currencies to prevent the proliferation of private virtual currencies. Growing Appetite for Digital Currency According…
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“trying-to-predict-the-price-of-bitcoin-is-a-loser’s-game,”-renowned-finance-expert-says

“Trying to Predict the Price of Bitcoin is a Loser’s Game,” Renowned Finance Expert Says

What’s going on with Bitcoin? After triggering everyone’s bullish mood, Satoshi Nakamoto’s creation experienced one of the worst crashes of the year, as if some divine providence was telling traders to take it easy. Analyses are contradictory, but some experts claim that this contradiction happens because there is no real substance to study, and investing…
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Bitcoin:-temporary-correction-or-no-ath-this-year?-the-crypto-weekly-market-update

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Bitcoin has a way of surprising people. This week was no exception. A few days ago, almost everyone believed that the cryptocurrency is inevitably headed to a new all-time high. And how could they not? BTC was trading at a few hundred USD below the record from back in 2017. Unfortunately, things took a turn…
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Data-shows-bitcoin-price-drops-days-after-btc-futures-open-interest-hits-$1b

Data shows Bitcoin price drops days after BTC futures open interest hits $1B

There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis.Open interest measures the total number of contracts held…
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