It has been an eventful five weeks for the bitcoin and digital asset markets.
Following the bitcoin halving event on July 9th, the price of bitcoin stabilized in the mid-600 range and remained there through most of July. Then on August 2nd, the massive Bitfinex hack which saw roughly 120,000 XBT...
Bitcoin continued its incredible run last week, surging another roughly 10% to close around $740. The price has now jumped over 65% since late-May.
The bitcoin price rose 20% in May and is now up over 30% in 2016. The price had been rangebound most of the year, leaving volatility at extremely low levels. Big upside volume helped boost the price above key resistance levels in the $470-$475 range and then over the November high of $500. The...
Positive momentum in the bitcoin market continued last week, giving fresh legs to the recent rally. The price rose another 10%, closing the week around $580. The price of bitcoin is now up nearly 30% since May 27th.
Last week started off with bearish readings in key indicators and saw the price of bitcoin fall below its 50-week EMA. The indicators turned bullish mid-week and a divergence formed across the 50, 100 and 200 day EMAs. The end result: a nearly 25% increase in price, peaking around a 21-month high...
The bitcoin price failed to rally last week despite key indicators being bullish. When price does not follow indicators, a breakdown is likely and that’s exactly what happened. Bitcoin price dropped below $440, ultimately settling in the low-$440s.
The price of bitcoin was fairly flat last week, down less than a percent from the May 9th close. Bitcoin price dropped 3% on May 10th, from over $460 to $447, before rebounding and consolidating in a tight range the rest of the week.
The price of bitcoin price rebounded to rise 1.7% over the past week. The price fell below $442 to start the week, six days after bitcoin set a 2016 closing high of $467 in April. This was a major resistance level and selloffs are normal following an initial attempt to break above key resistance.
The price of bitcoin rose nearly 8% in April, reaching a yearly high of $468 on April 26 before retreating to close the month at $446. Bitcoin outperformed the S&P index in April, which was flat for the month. The rise in bitcoin price coincided with a spike in commodities prices, fueled by a...
In March, the bitcoin price was down about 4%, on par with the digital currency’s performance year-to-date. Global equity markets rallied and outpaced bitcoin in March while commodities had a mixed month (oil was up while gold was down).
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