When looking at the overall cryptocurrency market, it is evident most altcoins and tokens require positive Bitcoin price momentum to achieve an uptrend. Unfortunately, the world’s leading cryptocurrency hasn’t done great in this regard. Traders are not too certain what to make of the market, although a potential short-term price increase seems plausible at this stage.
Uncertain Bitcoin Price Momentum Remains
After the most recent market dip, traders and speculators have become even more wary of Bitcoin than before.
At press time, the father of crypto is still trading in the $3,600 range, suggesting there’s been little change over the past week. Bitcoin has developed comfort in its present position, which is annoying (and disheartening) to the rest of us.
At the same time, however, the currency did attempt to break present resistance early this morning by moving (albeit briefly) past the $3,700 mark.
At press time, the father of cryptocurrency is still trapped in the $3,600 range. Following a near two-week period of meandering about at $4,000, bitcoin is still struggling to regain traction in the crypto market.
Interestingly, the Federal Reserve Bank of St. Louis has released an argument that seemingly blames altcoins for bitcoin’s latest demise.
On January 9, Bitcoin dropped $250 in thirty minutes, taking everyone by surprise. The currency traded around $3,800 for a day, but even this couldn’t hold. Earlier today, Bitcoin lost another $160 to trade just above $3,650. A brief fightback saw the currency get back over $3,700, but the rally was shortlived. At press time, Bitcoin was trading at $3690. On Coinbase Pro and Bistamp, the currency was trading below $3,650.
After spending four days above $4,000, Bitcoin has finally given way. And it has been quite a drop, with the currency losing $250 in the space of thirty minutes. The drop sees it trading at $3816 at press time, having dropped from $4,016. Bitcoin had witnessed yet another 30-minute rally on January 6, gaining over $200 in just thirty minutes to hit $4,080. It was the first time Bitcoin had hit the $4,000 level since Christmas and many viewed it as the first step in a possible 2019 rally.
At press time, the father of crypto is maintaining its present position and is staying above $4,000. First reaching this pinnacle a few days ago, bitcoin is keeping up its momentum following a nasty fall in late 2018 that took it down to $3,600 after an extended period of trading in the $6,000 range.
One of the big problems still surrounding bitcoin and other cryptocurrencies is not volatility, but rather negative sentiment. Many financial leaders still see cryptocurrencies as fantasies – things to dismiss that will ultimately have no bearing on the future of money.
The new year has kicked off on the right foot for Bitcoin investors. The currency has continued with its rally, gaining $375 since the year turned. In the past 24 hours, the currency has gained 6.5 percent, finally hitting the $4,000 level again. The last time Bitcoin hit this level was December 25, after which it went down all the way to $3,650.
At press time, the father of crypto has broken its present resistance level and moved beyond the $4,000 mark (bitcoin is currently trading for roughly $4,043).
The currency has interestingly moved head in price, but it’s also bolstered forth in other ways as well. Many analysts claimed that bitcoin mining was wreaking havoc on our present environment.
At press time, bitcoin is trading for just over $3,700. While the currency has managed to keep up a small bit of momentum in the past seven days to stay above $3,600, the currency has failed to meet the expectations of most die-hard investors and enthusiasts.
This will be our final price piece of 2018, so rather than spend time examining the currency’s present price and what could be keeping it here, let’s look at some of the biggest cryptocurrency news bits of the past 12 months.
Chart by FUNTRADER-Vera
We can’t write up this piece accurately without talking about Coincheck, the mother of all crypto hacks.
Every time it has been dealt a blow, Bitcoin has bounced back. However, the blows have continuously driven the expectations lower. As the year began, many believed that the currency couldn’t go below $10,000. Then it breached this resistance level and the expectations were forced to be lowered. Then came $8,000 and the narrative was similar. In came $6,500 and even the Bitcoin bull Mike Novogratz said this was the bottom.
At press time, the father of crypto is trading for just over $3,800. This is slightly higher than where it was during our previous price article, though to be fair, the currency was trading for over $3,900 briefly on Friday the 28, so in certain ways, this is a step down.
Still, however, many are claiming that the price of bitcoin is not a valid representation of its position in the financial market.
The market has rebounded in the past two hours, gaining $10 billion in the process. The comeback is led by Ethereum and Bitcoin Cash, both of whom have gained 13 percent. Ethereum was trading at $136 at press time, bouncing back from $117 registered just three hours earlier. Its trading volume also saw a remarkable 24 percent gain to hit $3.1 billion.
Bitcoin also registered a gain, raking up 6 percent to trade at $3,953. Despite the gain, the currency is yet to recover its Christmas eve drop.
After a bounce-back last week to hit over $4,260, Bitcoin has continued having a lackluster week, dropping to $3,650. At press time, the currency was trading at $3,600 on Coinbase, Bitstamp, Kraken, and BitMEX. In the past six hours alone, the currency has lost $200 as the dismal end-of-year performance continues. The trading volume has also taken a nosedive since the week began, currently standing at $5.1 billion.
And while Bitcoin’s price is dropping, hackers’ appetite for the digital currency remains unquenched.
At press time, the father of crypto is trading for just over $3,700. This is a slight ($200) drop from where it stood during our previous price article, though the currency does appear to be settling down a bit. In addition, most cryptocurrencies reported minor losses throughout the Christmas holiday, so bitcoin’s behavior isn’t terribly out of the ordinary.
Many are wondering how 2019 will start out regarding what bitcoin and its altcoin cousins will trade for. 2018, as we all know, has been a rough year for cryptocurrencies which experienced major losses regularly over the last 12 months, though no period has been more devastating than the week before Thanksgiving, when bitcoin cash underwent a highly controversial fork that split the entity into two chains.
At press time, the father of cryptocurrency is trading for just under $4,000, marking little to no change since our last price piece. We’re in the final days of the month, and while December has often brought a sense of magic and stamina to bitcoin we rarely witness throughout the rest of the year, it’s difficult to say where it will lie before 2019 rings in.
All we can really do at this stage is hope that 2019 doesn’t start off the way 2018 did. As you all probably remember, 2018 brought on an ongoing period of slumps that lasted from day one up until the end of the year.
It’s the season of joy all over the world, and the crypto industry is just as radiant. The market is swimming in green, with XRP and Ethereum leading the pack. The two gained 18 and 20 percent respectively in the past 24 hours, with Stellar and TRON each gaining 10 percent. Bitcoin rallied to hit $4,263 and despite a slight recession to $4,185, the currency has shot back to $4,200 at press time.
While Bitcoin is bouncing back, a new report has indicated that Wall Street giants haven’t had much luck with crypto.
At press time, the father of cryptocurrency is trading for just under $4,000 and sitting at $3,976. What we can take from this is that while the present position is providing bitcoin with a few struggles here and there, the currency, for the most part, is working hard to maintain its stance. The asset was trading for just over $4,000 yesterday, so a small, $40 drop probably isn’t much to worry about for now.
Good news, folks! After weeks of humiliation and steady price declines, the father of cryptocurrency is once again past the $4,000 mark. This was a feat very few analysts said could happen, and many were certain that bitcoin would continue to sink. Some even claimed that the currency would fall to as low as $1,000 before any signs of recovery showed their faces.
Bitcoin’s price recovery has continued, with the currency gaining 7.2 percent in the past 24 hours. Bitcoin was trading at $4,104 at press time, having struck a two-week high of $4,186 just hours earlier. The last time Bitcoin was above $4,100 was December 3 and since then, it has dropped to its lowest level for the year below $3,200. This week has seen the currency gain 26 percent and looks set to continue its good run.
But if you’re expecting a repeat of the 2017 bull run, you might get disappointed.
At press time, the father of crypto is trading in the high $3,400 range, marking a $50+ price since our previous price article.
The big question we’re likely asking right about now is, “Could bitcoin potentially be recovering?” Late last week, the currency hit the $3,100 mark for the first time in several months. It dashed all hope for the incoming new year and caused many analysts to be assertive in their gloom-and-doom sentiment that bitcoin would continue to fall well into 2019.
Chart by VaidoVeek
However, at the time of writing, we have witnessed two steady days of price increases for everybody’s favorite cryptocurrency, and positivity is once again entering the crypto space.
Institutional investors are quickly losing interest in Bitcoin, JP Morgan has stated in recent research. According to the bank, key flow metrics have dwindled in recent months indicating reduced interest from the professional investors. The research cited interest in Cboe Global Markets which is at its lowest since Bitcoin futures launched a year ago. The median transaction volume has dropped by over 96 percent as well, further indicating dwindling interest.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...