Huobi, the fifth-largest crypto exchange by daily trading volume, will now provide crypto brokerage service to its institutional clients.
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.
- News
- Market Analysis
Bitcoin price was rejected at $9.2K suggesting a period of consolidation has begun and traders will watch the $8.6K support.
- Markets News
The trend which has correctly guessed Bitcoin’s price performance for years now looks set to continue its winning streak in 2020.
- Market Update
Bitcoin and most of the cryptocurrency market seed severe losses on the day after bitcoin lost over $500 in under 5 minutes.
- Market Update
by Horus Hughes
Bitcoin price topped $9K for the first time in 2020, leading traders to focus on flipping $9.2K to support in order to continue the rally to $9.6K.
- Market Analysis
Bitcoin price is managing to hold $8,800 support, which means the recent upward trend can continue to $9.4K and $10K targets next.
- News
Progress in 2020 has turned Bitcoin bullish, says Brandt, who now recommends potential investors hold up to 20% of their portfolio in the cryptocurrency.
- Market Analysis
by Tiago Vidal
Bitcoin returns on investment differ based on what day of the week BTC was bought as well as other factors such as volatility and market cycle conditions.
- News
Data from Glassnode strengthens the overall consensus that Bitcoin’s hash rate, despite being hard to measure, is stronger than ever before.
- Price Analysis
Most major cryptocurrencies have resumed their up move, which shows that the rally can extend for a few more days.
- Market Update
A surge higher to finally exit the $8,000 range was short-lived at press time as observers waited to see where support would appear.
- Market Update
by Horus Hughes
The bullish momentum for Bitcoin price has slowed down, leading to what traders hope will be a brief period of consolidation.
- Market Update
Dramatic bullish action in the first two weeks of 2020 buoys traders, who identified Bitcoin’s 200-day moving average as the next major resistance zone.
- Markets News
A prediction that Bitcoin would soon drop to $1,000 just two months ago shows no sign of coming true, while gold conversely slumps.
- News
by Horus Hughes
As Bitcoin rallied to a multi-month high at $8,859, altcoins vigorously shook off their current malaise by posting double-digit gains, most notably, Bitcoin SV.
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