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
Bitcoin’s consolidation culminated with a downside break below the $8.3K support but bulls are fighting to hold the price above the 200-day moving average.
Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support
Horus Hughes
Market Analysis
Data shows Litecoin is not “digital silver” but a slight correlation between LTC and silver can provide insight into the digital asset’s future returns.
Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows
Tiago Vidal
Market Update
A third stint below $8,500 hit markets on Thursday as progress towards $9,000 appeared unlikely once again.
Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check
William Suberg
Huobi, the fifth-largest crypto exchange by daily trading volume, will now provide crypto brokerage service to its institutional clients.
Huobi Debuts Crypto Brokerage as Its Institutional Arm Grows 400% Since Q3 2019
Helen Partz
Market Analysis
Bitcoin price was rejected at $9.2K suggesting a period of consolidation has begun and traders will watch the $8.6K support.
Bitcoin Price Tightens as Traders Eye the CME Gap and $8.2K Support
Michaël van de Poppe
Markets News
The trend which has correctly guessed Bitcoin’s price performance for years now looks set to continue its winning streak in 2020.
Bitcoin Price Matches Stock-to-Flow Forecast as $100K Halving Nears
William Suberg
Market Update
Bitcoin and most of the cryptocurrency market seed severe losses on the day after bitcoin lost over $500 in under 5 minutes.
Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
Adrian Zmudzinski
Market Update
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.
Bitcoin Bull Market Gains Steam, Breaks $9K for the First Time in 2020
Horus Hughes

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