Bitcoin attracts Wall Street investors as the stock market threatens to pause its V-shaped recovery. Grim economic outlook, under-performing bonds and gold, and rising number of coronavirus cases adds up to make a bullish case for bitcoin. If Bitcoin is a Stark, then the month of March was its Red Wedding episode. Out of nowhere,…
Bitcoin briefly slipped below the $8,000 level on Thursday for the first time in three months. The bitcoin-to-dollar exchange rate established an intraday low of $7,712.45, according to data provided by CoinStats’ cryptocurrency portfolio management app. The pair later recovered to the upside but with mild moves. As of 0806 GMT, it was trading at…
After registering a dismissive performance late last week, bitcoin has opened Monday with a bang. The bitcoin-to-dollar exchange rate surged by $780, or 7.88 percent, to establish its intraday high towards $10,680, according to data provided by CoinStats’ cryptocurrency portfolio management app. The move uphill appeared technical – wherein traders found psychological support around the…
The bitcoin weekend has begun on a sad note. Around $600 wiped in about 15 minutes! That sets the market tone for the next 48 hours. Bitcoin is now recovering from an intraday low of $9,402, now up by a mere 1 percent. But its likelihood of continuing its corrective downtrend is higher thanks to…
The price of bitcoin has refreshed the highs of January 2018 in the latest upside action. The BTC/USD exchange rate on Wednesday soared above the $13,500 level. As of 1755 GMT, the pair was trading at $13,530, up more than 20 percent in the last 24 hours, according to data assembled by CoinStats’ cryptocurrency portfolio…
Bitcoin soared above the $11,400 mark on Tuesday to establish a fresh 15-month high. The BTC/USD exchange rate settled an intraday peak of $11,483 as of 1110 GMT today. The move pushed the pair’s month-to-date gains to more than 35 percent, according to data provided by CoinStats’ cryptocurrency portfolio management app. Investors appear to be…
