A previous push into the $8,100 area saw rejection by markets on Friday, pushing the price of Bitcoin back down to lows of $7,850.
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.
- Market Update
- Market Analysis
by Scott Melker
Veteran trader Scott Melker revisits some recent trades including a win on BTC and a loss on RVN.
- Market Update
Bitcoin swiftly broke out of the $7,000 territory on Thursday as news the U.K. was leaving the European Union with a deal boosted markets.
- Market Analysis
by Scott Melker
Bitcoin price has dropped nearly 10% in 2 days but remains range-bound in a macro bullish trend.
- Interview
by Horus Hughes
Crypto trader and on-chain analyst Philip Swift explains how blockchain data points to a new Bitcoin all-time high and how it can be used to enhance short and l...
- Market Update
Bitcoin price failed to retain full support to steer clear of the $7,000 range, in line with predictions from earlier in the week.
- Explained
Have you ever thought about how big crypto transactions affect the crypto markets? Learn more about whale movements here.
- Market Analysis
Bitcoin Price action and the total market cap shows potential signs of a bear trap for the entire crypto market.
- News
United States Rep. Warren Davidson has said that Facebook adding Bitcoin to its Calibra wallet would be a “way better idea” than creating its new currency, Libr...
- Market Update
Analysts are anticipating a retest of $8K as Bitcoin price indicators turn bearish on multiple timeframes, according to analysts.
- News
by Joeri Cant
The Chicago Mercantile Exchange Group recently said that, despite the Bitcoin price drop, customer interest in CME Bitcoin futures remained strong.
- Market Analysis
by filbfilb
On-chain data and Bitcoin’s on-balance volume indicator (OBV) suggest retail and institutional investors are quietly accumulating more BTC.
- Market Update
A test of resilience for Bitcoin price now revolves around an area with $7,400 as its bottom, one market analyst suggests.
- Market Analysis
As Bitcoin price is stuck in a range with tightening Bollinger Bands suggesting a big move is coming, XRP and Ether look to capitalize on their recent bullish m...
- Market Update
by Helen Partz
The majority of the top-20 coins by market cap see losses today, while Bitcoin price failed to hold $8,400.
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