One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin’s gains in the same period came out to be around 290%.
Bitcoin needs to flip $43,600 to support in order to see bullish continuation and on-chain data signals that BTC accumulation continues to increase.
Bitcoin needs to hold $42,000 or it risks sliding as low as $32,000, according to crypto trader Eric Krown.
The flagship cryptocurrency closed the previous week below its 21-week exponential moving average for the 19th time in history, triggering additional selloff risks.
By integrating direct bitcoin payments, Twitter is paving the way for the bitcoin price to surpass $300,000.
The events transpiring now signal adoption is only going to pick up pace, indicating a rising bitcoin price.
An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage” over other cryptocurrencies for the foreseeable future.
After several hesitant months, altcoins are now outpacing the flagship asset.
The second-largest cryptocurrency falls 13.30% versus Bitcoin’s 9.38% decline as China’s move scares investors away.
Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service.