Bitcoin (BTC) price was battling resistance at $12,000 Aug. 9 despite bullish predictions continuing to focus on more growth. Market visualization. Source: Coin360 Weekly record ahead for Bitcoin? Data from Coin360 put BTC/USD at almost the same place it was 24 hours previously, the pair having swung between $11,500 and $12,030 in the meantime. At press time, Bitcoin traded at $11,760, marking current daily losses of 0.8%, while weekly gains remain at a solid 12.3%. Bitcoin 7-day price chart. Source: Coin360 The $12,000 mark has proven tough ground to crack during this week’s Bitcoin resurgence, with several attempts failing to …

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 …

Bitcoin (BTC) price was hovering closer to $11,500 on Aug. 7 as analysts brushed off concerns of a fresh downward move. Market visualization. Source: Coin360 Bitcoin price experiences another healthy correction Data from Coin360 showed BTC/USD trading at $11,630 as of press time, capping 24-hour losses of 4.5%. The correction follows several days of bullish price action for the pair, which culminated in fresh local highs over $12,300 on Tuesday. Bitcoin 7-day price chart. Source: Coin360 While weekly gains for Bitcoin remain strong at 18.5%, analysts were keen to note the drop below the $12,000 barrier did not constitute a …

Tuesday, Aug. 6 — Major cryptocurrency markets have continued suffering losses over the past several hours as Bitcoin (BTC) has come back down to around $11,700 after a jump to $12,300 earlier today. Market visualization. Source: Coin360 BTC has effectively returned to its level of 24 hours ago to trade at around $11,759 at press time. During the past day, BTC has been trading in a narrow corridor between $11,020 and $12,239 — the coin’s highest price point on the day. Today, former Wall Street trader Max Keiser claimed that Bitcoin dominance is heading to 80% and that altcoins are …

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 …

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 trade war between China and the United States intensified as China allowed its currency, the yuan, to fall to its lowest level since 2008. This is seen as a retaliatory move by China on the latest tariff hikes by the U.S. If the nations enter into a currency war, it will only strengthen …

Bitcoin (BTC) price began highly bullish Monday after an abrupt turnaround of its previous bear market saw it gain $1,200 this over the weekend. Market visualization. Source: Coin360 Politics dictates Bitcoin price gains Data from Coin360 showed the extent of Bitcoin’s change of fortunes, which have so far culminated in a local high of $11,635. The upward trajectory strongly contrasts with action seen last week, BTC price only finding resistance at $9,000 after a weekend of sharp price drops. Bitcoin 7-day price chart. Source: Coin360 Unsurprisingly, traders were buoyant, shaking off bearish sentiment to predict fresh highs and continued bullish …

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 …

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) …

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. Fundstrat Global Advisors co-founder Tom Lee expects Bitcoin to reach $20,000 this year. He believes that increased liquidity due to the Fed’s rate cut will drive money into risk assets that will help the leading cryptocurrency. Bitcoin will also work as a hedge due to its low correlation to other asset classes. Echoing a …

Friday, Aug. 2 — Bitcoin (BTC) consolidated at around $10,500, while the top 20 coins by market cap are seeing mixed signals. 13 out of 20 top cryptos by market cap are seeing green at press time, with Texos (XTZ) recording the biggest gains in the list, up more than 6%, according to CoinMarketCap. On the other hand, Litecoin (LTC), the fourth biggest crypto, dropped the most, down more than 4% over the past 24 hours. Market visualization from Coin360 Following a recent bullish move, Bitcoin continued to fluctuate at around $10,400 today, while its intraday high amounted to $10,654. …

Bitcoin (BTC) price climbed back over $10,000 to nearly $10,500 on the morning of Aug. 2 as the market has shown a surprising bounce defying earlier calls by some traders for more downside. Market visualization. Source: Coin360 “August could turn out to be a good month” Trader and market analyst Josh Rager said that BTC/USD moving back above $10,000 is finally showing some nice follow through. “A close above previous 4hr resistance is a nice sign,” he continued. “The good news about the death cross is that it leads to a golden cross as the 50MA is already starting to …