Quarterly performance for Bitcoin has stabilized after its drop to $3,700 two weeks ago, while Q2 is historically the best three months for BTC/USD.
Bitcoin Price News
Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset. As Bitcoin’s market cap is nearly $159 billion, the price of Bitcoin became an important economical factor, gathering attention from financial institutions of various kinds and stimulated the research of behavioral factors that influence the price of Bitcoin and working on ways of predicting its changes.
- Markets News
- Market Update
by Horus Hughes
Bitcoin price attacked the $6,600 resistance on Monday but a move above $6,900 is what’s really needed to change the current trend.
- Market Analysis
Bitcoin price fell by 10% after the latest drop in mining difficulty, suggesting selling pressure from miners is driving down BTC price.
- Market Analysis
The price of Bitcoin gained $600 on Monday to fill a futures gap but is this the end of the road for the bulls or is a V-shaped recovery still possible?
- Markets News
In his latest market discussion, the veteran trader says that he is “under the assumption that the low is in” for Bitcoin after its trip to $3,700 this month.
- Market Update
Selling pressure took BTC/USD below $5,900 as the weekend closed, but strength subsequently reappeared and markets bounced higher.
- Market Update
by Horus Hughes
Bitcoin price dropped below $6,000 after traders failed to hold the $6,200 support.
- Market Analysis
Bitcoin doesn’t brrr money to succeed, so it could be the best time to buy as several price indicators are suggesting the BTC price bottom may be close.
- Market Analysis
by Tiago Vidal
The relationship between Bitcoin price and its mempool size was negative in most scenarios where BTC lost more than 20%.
- News
by Samuel Haig
A survey of Kraken’s VIP traders has found that most expect the price of Bitcoin to break into record highs this year.
- Market Update
by Horus Hughes
Bitcoin ended its lengthy consolidation in the $6.4K-$6.8K range with a swift drop to $6,068, with the weekly and monthly close approaching traders will be keep...
- News
by Helen Partz
Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving.
- Analysis
by Joseph Young
Top crypto traders have started to lean toward a resumption of a bearish trend for Bitcoin price.
- Market Update
A solid rejection of $7,000 earlier this week keeps Bitcoin within the upper $6,000 range but there is a lot to reclaim, say analysts.
- Video
Mati Greenspan and Michaël van de Poppe discuss whether now is a good time to invest in Bitcoin.
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