Bitcoin holds strong even as a crash hits the Gold market
With Bitcoin still holding strong in position, the prices of Gold have dropped below $1,700 per ounce this morning. A sudden fall on August 9 brought gold prices below $1,700/oz, bringing it to its lowest level since March. During Asian trading hours on Monday, the price of the precious yellow metal fell to $1,690/oz, according […]
Melanion Capital launches an EU-regulated Bitcoin price tracker
French fund manager Melanion Capital launches EU-regulated ETF that tracks Bitcoin price, the Bitcoin-tracking fund fully complies with the European Union’s UCITS standards. Melanion Capital, a Paris-based derivatives fund manager, has established a new EU-regulated fund that intends to track the price of Bitcoin with a correlation of up to 90%. The fund is the […]
Crypto How to: Spotting Bitcoin Price
The inversed head-and-shoulders pattern on the Bitcoin chart is seen by cryptocurrency and stock traders as a precursor to a bullish trend reversal. All traders strive to buy low and sell high, but only a select few have the fortitude to go against the grain and buy when a downtrend reverses direction, as has happened […]
Bitcoin Price at $40,000 For The First Time In Over A Month
Bitcoin trades above $40,000 on Monday, marking the first time the market has done so since mid-June. At the time of writing, the cryptocurrency was trading at $40,085 on Coinbase, up more than 17% in the last 24 hours. Bitcoin trade price last rose above $40,000 on June 16, as shown in the graph below. […]
Bitcoin: Why it’s not in a bear market
Even though Bitcoin has been in a correction phase for nearly two months, analysts and optimists have managed to maintain their bullish outlook. This rejection of a bear phase, while not entirely unjustified, has been made on numerous occasions by several analysts and Bitcoin advocates, most likely to maintain a positive investor attitude. According to […]