The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Goldman Sachs is positive on Bitcoin. In a note, one of the firm’s analysts has projected a short-term target of $12,916 to $13,971, after which it might enter a consolidation. For the long term, the analyst considers the current move as the first leg of the five wave count, which means that the analyst …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The rally in cryptocurrencies has largely been led by Bitcoin (BTC). Its dominance has increased from 51.63% at the start of the year to close to 70% in just over seven months. This shows that the crypto recovery has been a Bitcoin story throughout. Therefore, many traders who had held altcoins in their portfolio …
The top 20 cryptocurrencies are seeing mixed movements as Bitcoin (BTC) suddenly flash crashed in minutes from $12,300 to as nearly $11,600. Market visualization. Source: Coin360 Nevertheless, Bitcoin price is still currently up by 1.5% on the day, trading at around $11,813 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 24.33%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported yesterday, the CEO of crypto payments firm Circle, Jeremy Allaire, suggested that macroeconomic turmoil is responsible for Bitcoin’s recent growth. Ether (ETH) is holding onto its position as the largest altcoin …
Saturday, Aug. 3 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $10,750 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 3.15% on the day, trading at around $10,778 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 9.56%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported yesterday, Ethereum co-founder Vitalik Buterin said that the future of crypto is pluralist in response to a recent proposal of mixing Bitcoin Lightning Network with Ethereum. Ether (ETH) …
Sunday, Aug. 4 — Bitcoin (BTC) has continued to gain momentum today, with its price nearing the $11,000 mark. The top 20 cryptos by market capitalization are seeing mixed results on the day, with most gains and losses around or under 2%. Market visualization from Coin360 Bitcoin has seen a major bullish move this week, up 15% from around $9,500 to almost $11,000 at press time. Over the past 24 hours, Bitcoin has continued to grow steadily, having its price increase by 1.66% to $10,944 at press time. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH), the second cryptocurrency by …