Prices

Market Update: Bears Claw Crypto Prices Below Long-Term Support

</header> <strong>Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> dropped well below the $7k range and other digital assets followed <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s path with sharp losses. Crypto prices haven’t been this low since May …

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Bitcoin Drops Below Major Price Support For First Time Since May

View Bitcoin has found acceptance under the three-day chart’s 200-period average for the first time in seven months. The breakdown may attract stronger selling pressure, yielding a slide below the November low of $6,500. A minor bounce to $6,800 may be seen before a deeper slide, with the intraday charts reporting oversold conditions. A UTC …

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A Year After Bottoming Out at $3,100, Bitcoin is Up 127%

By the end of May, though, bitcoin was looking overbought at highs near $9,000. The resulting pullback to $7,500, however, was short-lived, as prices surged to $13,880 in the 16 days to June 26. The near 90-degree rally occurred as the bitcoin market was pushed into a state of frenzy by Facebook’s announcement of its …

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Cryptocurrency Is Still the World’s Best Performing Asset Class This Year

Of course, 2019 didn’t start out that way. Back in February, the top 10 crypto began a fairly dismal run, resting well below all other traditional asset classes when viewing their return on investment figures. However, sentiment began to pick up significantly in March and by mid-year, cryptocurrencies were far out ahead of other the …

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China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

</header> <strong>China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. And it’s backfiring. Inflation of the yuan just rose to …

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Market Update: Despite Uncertainty, BTC Longs Skyrocket

</header> <strong>Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto …

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Bakkt Launches Bitcoin Options in US, Futures in Asia

</header> <strong>Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures, cash settled bitcoin futures, and options on monthly bitcoin futures.</strong> Also …

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Bitcoin Charts First Weekly Golden Cross in 3.5 Years

Bitcoin violated the falling trendline resistance on Dec. 4. So far, however, that has failed to invite buyers in numbers. A UTC close above the Nov. 29 high of $7,870 is needed to invalidate the lower-highs set up and confirm a bullish reversal. That will likely yield a quick move higher to $8,500–$8,672 (61.8 percent …

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