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Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock … Read more
It’s been a bearish year for the cryptocurrency industry, but today marks a new low for the king of cryptos. Bitcoin shed over 12 percent to hit its lowest level since October last year, with other cryptos following suit. In what has been a day to forget for the industry, Ethereum, Ripple, Stellar and EOS … Read more
At press time, the father of cryptocurrency has dropped by roughly $100 since our last price piece and is now trading for just over $6,200. The currency has been trapped in a serious slump for several weeks, where the trading range appears locked between $6,200 and $6,300. Some analysts – like Victor Dergunov – are … Read more
The father of crypto is flirting with the devil, trading at $6666 at press time. After days or even weeks of bitcoin hovering at around $6,500 and traveling in a sideways motion, many analysts predicted that a sudden rise like this wasn’t in bitcoin’s immediate future. However, it seems the currency has learned to surprise … Read more
