BITCOIN Archives - Page 117 of 127

August 17, 2021

Bitcoin Record Drop in Network Usage (Fees) Chart

Bitcoin (BTC) is reportedly losing its ranking on the network fee charts. Analysts use network fees as a measure for the usage and demand of a network. According to a tweet from ‘Banteg’—the developer behind Yearn Finance—yesterday, BTC had dropped to the seventh spot in terms of fault fees generat...

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August 15, 2021

Bitcoin (BTC/USD) Trade Poises for Price Action

Bitcoin Price Prediction – August 15There has now been a trace in the BTC/USD operation that the crypto trade poises for price action to determine a definite direction of the trading activities. As of analyzing the market, price records a smaller percentage rate of -2.02, trading around the level a...

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August 15, 2021

Bitcoin Returns to Extreme Greed Levels as Bulls Reclaim Dominance

Due to the recent positive developments in the cryptocurrency industry, Bitcoin (BTC) has recorded double-digit gains over the past few weeks, flipping the general market sentiment. However, for the first time in about three months, the Bitcoin Fear and Greed Index has entered “extreme Greed” condi...

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August 12, 2021

Bitcoin (BTC/USD) Market Analysis — August 12

Bitcoin (BTC) recently peaked at a three-month high at $46,800 yesterday but has suffered a $4,000 decline since then. As expected, the rest of the cryptocurrency market followed in the steps of the benchmark cryptocurrency, causing the market valuation to drop by $830 million or 4.3% within a few ...

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August 11, 2021

Bitcoin (BTC/USD) Trade Holds Upsurges

Bitcoin Price Prediction – August 11The BTC/USD trade holds upsurges firmly in the trading levels of $45,000 and $50,000. The crypto economy now trades around the point of $46,809 at a rate of 1.24%. BTC/USD Market Key Levels:Resistance levels: $47,500, $50,000, $52,500Support levels: $42,500, $40,...

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August 11, 2021

Bitcoin Eyes $47k; Glassnode Highlights Possible Short Squeeze

Bitcoin (BTC) recorded its highest point in over twelve weeks, $46,730 in the early hours of Tuesday, as market sentiment remains bullish. At press time, the benchmark cryptocurrency trades around the $46k psychological level about 30% away from its all-time high of $64,800, following a minor dip. ...

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August 08, 2021

Bitcoin to Climb to $53,200 to Address Market Imbalance: Willy Woo

On Sunday, popular on-chain analyst Willy Woo tweeted that the Bitcoin (BTC) price could climb higher because of the current “demand/supply imbalance in the market,” noting that: “#Bitcoin price would need to move to $53k to address the demand/supply imbalance in the market.” Woo asserted tha...

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August 05, 2021

Bitcoin ETF: French-based Asset Management Company Launches ETF

According to recent reports by the Financial Times, a French asset management firm (Melanion Capital) is set to launch an EU-regulated Bitcoin ETF. Dubbed the Melanion ETF, this Bitcoin (BTC) derivative would become one of the first of its kind in the European market. The proposed ETF will track ab...

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August 04, 2021

Bitcoin (BTC/USD) Market Reverses Valuation at $40,000

Bitcoin Price Prediction – August 4There has been a financial record that the BTC/USD market reverses valuation after fluctuations around the level of $40,000. The crypto’s price now trades around $38,183 at a negative percentage rate of about 1.35. BTC/USD Market Key Levels:Resistance levels: $40,...

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