ATH

$50K Fakeout? Bitcoin Trading Volume Isn’t Picking Up With Price Action

October has brought in a new surge in the bullish sentiment, in a couple of days, Bitcoin has returned to the $50,000. This signals the beginning of a new up-only season but could spell caution for the most experienced operators. Related Reading | Bitcoin Hash Rate Might Make New ATH Soon, What Does It Mean For The Price? At the time of writing, Bitcoin trades at $49,968 with a 4.4% profit in the daily chart. The first cryptocurrency by market cap was rejected north of the $50,000 and could trend lower

Bitcoin Price Blasts Off With 10% Move, But Is This The Start Of More?

Bitcoin price in a flash is close to $50,000 as soon as once more, after a number of retests of $40,000 rounded help holding sturdy. Extreme bearish sentiment attributable to Evergrande, a rising greenback, and extra left the market in excessive concern, and anticipating the worst. The sudden surge took Bitcoin value greater than 10% intraday from wick to wick, however technicals might recommend it’s the begin of one thing extra. But earlier than bulls are within the clear, there’s a lingering bearish counter-signal that must be invalidated earlier than

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader