In short, no. Bakkt's bitcoin futures launch yesterday was underwhelming but it has not had any impact on crypto markets which are doing exactly what they have done for the past couple of years. Another Slide For Crypto Assets Another day another dump. There is nothing out of the ordinary with today's market action which...
Bitcoin price is under pressure and it recently broke the $9,800 support area against the US Dollar. The price is currently consolidating losses below $9,800 and it remains at a risk of more downsides. There was a break below yesterday's highlighted contracting triangle with resistance near $9,800 on the hourly chart of the BTC/USD pair...
In a recent interview, Blockstack boss Muneeb Ali said he was cautiously optimistic about the US regulatory environment for crypto. The comments follow further hearing from US regulators on the crypto space and its emerging players. Cautiously Optimistic on Crypto The co-founder and CEO of decentralized computing network Blockstack, joined CNBCs 'Squawk Box' to discuss...
Ripple price extended its decline and tested the key $0.2650 support area against the US dollar. The price could accelerate its decline if it fails to hold the key $0.2650 support. There is a major declining channel forming with resistance near $0.2810 on the hourly chart of the XRP/USD pair (data source from Kraken). The...
ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar. The price is likely to continue lower towards the $195 and $192 support levels in the near term. There are two major bearish trend lines forming with resistance near $208 and $210 on the hourly chart...
All eyes were closely watching to see how much utilization Bakkt's physically settled Bitcoin futures platform was met with during its launch yesterday evening, but much to the chagrin of investors who believed that it would open with massive utilization stemming from institutional investors who are interested in crypto, its Bitcoin trading volume was and...
Authorities in the United Kingdom plan to auction $662,000 worth of Bitcoin seized from an online criminal. The nation's police force will be working with the Irish auction house Wilsons Auctions to facilitate the sale. The auction is the first of its kind in the UK. Alongside the Bitcoin for sale will be various other...
After finding some levels of support around $10,000 yesterday, Bitcoin's bulls were unable to support its price above this level and BTC has now once again dropped into the upper-$9,000 region. Analysts are currently noting that it appears Bitcoin is currently caught within a consolidation phase, but it is highly improbable that this phase will...
The launch of the Bakkt platform might not have been accompanied by the fireworks in the Bitcoin market that some were expecting but the firm's CEO is still confident in the positive impact it will have on the industry. Kelly Loeffler believes that Bakkt represents an "important step" for the industry. Many Bitcoin fans had...
During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis. One prominent crypto analyst has done just that, and Bitcoin's current price action in inverse appears visually...
