Category: Bitcoinist

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Ethereum “Crashes Heavily” Against BTC as Market Faces Strong Pullback

Ethereum has been severely underperforming Bitcoin as of late, which has led the ETHBTC trading pair to see immense weakness It is currently plunging lower as Bitcoin’s $13,800 rejection sends shockwaves throughout the market Although it has reached its first Read More

Bitcoin Trader Shorts Chainlink As Hedge Against Downside; Here’s Why – Bitcoinist.com

Chainlink’s governance token LINK is emerging as a scapegoat asset for prominent Bitcoin traders. At least one of them has openly stated that he uses the decentralized finance cryptocurrency as a hedge against a potential Bitcoin drop. In simple words, Read More

Bitcoin Just Posted Its First Weekly Close Above $11,700 Since 2018

Bitcoin and the aggregated crypto market have remained stable overnight, with bulls attempting to spark another uptrend The benchmark cryptocurrency is once again pushing up towards its long-held resistance around $13,200 If this level is shattered in the near-term, BTC Read More

Analyst Explains Why Bitcoin Risks Crashing by $2K in “A Few Days” – Bitcoinist.com

The ongoing Bitcoin price rally risks fizzling out on a notion that the price won’t hold a psychological support level. The $2K-Crash Setup At lower $13Ks, the cryptocurrency awaits a significant sell-off, according to Mark Principato of Green Bridge Investing, Read More

Bitcoin Weekly Outlook: All Eyes on US Election, Stimulus, Tech Earnings – Bitcoinist.com

Bitcoin market sentiment fared an extremely bullish setting last week as traders/investors assessed the foray of big firms into the digital currency sector, including PayPal. The BTC/USD exchange rate began the 7-day timeframe with a decent jump – and it Read More