Category Archives: Bitcoin
Bitcoin Price Analysis: Bitcoin Steady Above $6,000, But Is It The Calm Before The Storm? – CryptoPotato
Over the past three days, we saw Bitcoin breaking above the $6,000 milestone, and even succeeding in breaking the next significant resistance at $6400 for a few hours, including toping above $7K on some exchanges.
However, Bitcoin got quickly rejected and retraced back to the $6K range, yes, the same price range from the second half of 2018.
Just as a side note, the $7140 top that was reached on Bitstamp is not a coincidence: Looking at the following daily chart, we can see the Golden Fibonacci retracement level of 61.8% lies around that price area ($7170).
This also becomes the critical level Bitcoin must overcome in order to turn the short-term bearish momentum.
As of writing these lines, Bitcoin is forming a bullish triangle pattern on the hourly chart, which can also be seen on the following 4-hour chart.
Does this mean that Bitcoin will finally break the $6400 resistance on its way to stabilize above $7K? Possibly. But as mentioned here in our previous price analysis, the volatility is at a very high level, and Bitcoin is facing a situation it had never seen in its 11 years of existence, so caution is needed.
Looking at the trading volume data, we can see that the volume is declining since reaching the peak above $7K on Thursday. This probably forecasts the next big price move is coming up in a matter of the next day.
Besides, during these times of the COVID19 virus, we cant ignore the external noises, which is mainly the Wall Street equity markets. After another bloodbath throughout the whole week, it will be interesting to see how the markets will open their new week. And more interesting will be to watch Bitcoins reaction accordingly.
Total Market Cap: $177 billion
Bitcoin Market Cap: $115.7 billion
BTC Dominance Index: 65.0%
*Data by CoinGecko
Support/Resistance levels: As mentioned above, the first level of support would be the ascending trend-line (yellow) on the following 4-hour chart, along with the $6K mark.
The next support levels are $5800 (weak) and $5650, along with the 4-hour MA-50 line marked by pink. This is followed by $5500 resistance turned support.
From above, the first level of resistance is the price zone of $6300 $6400. As mentioned here before, this is expected to be tough resistance for Bitcoin, and still does.
In case of a breakout, then the next resistance level is likely to be the $6800, followed by the $7000 benchmark and the high from Thursday around $7140 $7200, which is the Golden Fib level.
The RSI Indicator: The RSI is facing another resistance of the 40 level. This is a decision point for the momentum indicator. A bullish sign might be coming for the slight bullish divergence we see on the 4-hour charts RSI.
Trading volume: discussed above.
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Cryptocurrency chartsby TradingView.
Bitcoin Highly Correlated With HYG And IWM ETFs As Contagion Effect From Coronavirus Epidemic Spreads Across All Asset Classes – Forbes
The contagion effect from coronavirus epidemic impairs valuations for all asset classes. Q.ai tries ... [+] to build an optimal multi-asset portfolio in this environment.
The drop in global markets over the past few weeks is forcing Wall Street and leading fund managers to reconsider what truly is an appropriate diversified multi-asset allocation in the current market environment.In our attempt to answer this question, we look beyond basic correlations and consider other non-linear forms of price relationships to help us better understand how to build a multi-asset portfolio with Bitcoin.
We are looking at a portfolio made up of the following assets in order to figure out how they have been moving during current sell-off as the Coronavirus epidemic worsens:
What we discover is that it is easier to build a diversified portfolio simply by focusing the majority of the portfolio allocation on Bitcoin, SPY, USO and TLT.Since all these assets are inherently US Dollar exposed, adding UUP to the mix would simply increase exposure to the US Dollar.The strength of SPYs correlation with IWM and EFA suggests an increase in either ETF would simply increase our potential exposure to stocks (which appear to highly correlated globally!) while TLT has a natural obvious price relationship with HYG.
Conventional approaches to portfolio construction is built around the concept of Modern Portfolio Theory (MPT) which assumes that asset allocation should be built around the volatility of assets and their related correlations.Volatility simply measures how much the price change of an asset changes from its average expected change while correlation measures how different assets in a portfolio move together.As an example, if you own Facebook (FB), Apple (AAPL) and Citigroup (C) in a 3 stock portfolio with FB (FB) and Apple (AAPL) being highlight correlated, MPT would say you should own more of Citigroup (C) to mitigate the high correlation between Facebook (FB) and Apple (AAPL)assuming the volatilities of each stock were similar.The biggest issue with this approach is that it is backwards looking, meaning it does not consider future returns but rather assumes past performance will be indicative of future performance. On top of that, a simple MPT approach favors lower volatility assets; since it is backwards looking, the approach assumes a low volatility asset in the past will continue to be a low volatility asset in the future. That is a pretty big assumption! In addition, simple linear relationships do not properly explain how assets might cluster during shocks, like the Coronavirus epidemic we are experiencing at the moment, or just simple clustering in general.
A simple correlation analysis points to a rapid rise in positive correlations in between Bitcoin, IWM and HYG.Notably, the correlation between IWM and Bitcoin seems the strongest though the relative jump between Bitcoin and HYG is the strongest.A positive correlation simply means that Bitcoin is moving in the same relative direction as both IWM and HYG (when Bitcoin is up, IWM is up, and vice versa).While it is worth noting that correlations between Bitcoin and USO (and great proxy for oil and commodities in general) and EFA (international stocks proxy), there hasnt been a material uptick in the cross-sectional correlations of the other assets in our target multi-asset portfolio.In other words, while the sensitivity of other assets in our target multi-asset portfolio remain more or less the same, Bitcoin appears to have a heightened sensitivity.There is probably a US Dollar effect in play here though correlations between UUP and Bitcoin have not markedly increase.The US Dollar effect on Bitcoin is probably worthy of its own standalone article!
Correlation analysis of assets in Q.ai target multi-asset portfolio that includes Bitcoin. ... [+] Correlation analysis is based on price moves from February 20, 2020 through March 20, 2020
While correlation and volatility analysis is useful, we do not think alone it helps to build truly robustly diversified portfolios.The limitations of MPT is that its analysis is purely linear and backwards looking in general but, in reality, markets are anything but linear...and past performance is never a useful predictor of future returns.As a result, we like to use clustering techniques based on artificial intelligence (AI) methodologies to see if we can discover more interesting and non-linear relationships that a basic correlation-volatility matrix might miss.
For our analysis, we use a basic Affinity Propagation algorithm.The ease of use with Affinity propagation is that while it is a centroid algorithm, it is does not require us to estimate the number of clusters like other similar algorithms such as K-Means. What we are looking to see if how the different assets in our target multi-asset portfolio cluster.
Outside of tight clustering between SPY, EFA and IWM, we not observe examples of clustering in our target multi-asset portfoli over the past month. As expected, we see the strength in relationship between BTC and HYG increasing over the past month.Previously, the relationship between both BTC and HYG would be described as nominal at best.The relationships between SPY, IWM and EFA are relatively strong but what is more interesting is that there are no other significant relationships between the other assets in our target portfolio and Bitcoin this is a major deviation from what our correlation analysis implied.
Analysis of clustering of assets in Q.ai target multi-asset portfolio that includes Bitcoin. The ... [+] methodology that is used is Affinity Propagation. Price data is for the period February 20, 2020 through March 20, 2020.
As a result, based on our analysis of both correlations and how different assets in our target portfolio cluster, we think it makes the most sense to focus the majority of the portfolio allocations on Bitcoin, SPY, USO and TLT.Since IWM and EFA both have high correlations with SPY at this time, allocating between the 3 becomes a nominal exercise though SPY will offer better diversification vis--vis USO and Bitcoin.
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Bitcoin Highly Correlated With HYG And IWM ETFs As Contagion Effect From Coronavirus Epidemic Spreads Across All Asset Classes - Forbes
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: A sea of red returns as weekend love disappears – FXStreet
The worlds no. 1 digital coin, Bitcoin, has caught a fresh bid-wave and surrendered the 6k barrier yet again, as we head towards the weekly closing. Ethereum and Ripple also yielded into the broad crypto sell-off this Sunday, with the former emerging as the main laggard amongst the top 3 most dominantly traded digital assets. The total market capitalization of the top 20 cryptocurrencies now stands at $170.05 billion, as cited by CoinMarketCap.
The top three coins could likely resume Fridays decline, with the FXStreets Confluence Detector tool suggesting key technical levels to watch out, as we step into a fresh week ahead.
With the sellers back in action, Bitcoinis likely to face the immediate resistance at 6191, the midline of Bollinger Band on 4-hour chart. Further north, 6255, the confluence of Fib 61.8% 1D and SMA5 4h, is likely to challenge the recovery attempts.
The coin will accelerate its recovery momentum once the above resistance is cleared, as the buyers will target Fib 23.6% 1W aligned at 6383.
Having said that, to the downside, the immediate support is now seen at 5871, the confluence of SMA5 1D and Previous Low 1 Day.
A failure to resist the latter will expose the strong support at 5743, Pivot Point 1 Month S3.
Having reversed sharply, Ethereumhas breached the Fib 23.6% 1D support located at 129.0, with the downside now opening up towards Fridays low of 115.80 amid a lack of significant support levels to cap the declines.
The recovery attempts will continue to face stiff resistance near the 134 area, where the SMA5 1H, Fib 61.8% 1D, Fib 38.2% 1W and SMA5 4H intersect.
Therefore, sell the bounce could emerge as the ideal theme for trading ETH/USD in the coming days, as explained here.
Ripplerespected the rising channel breakdown and reached the pattern target at 0.1523, with the further downside still in play, in absence of strong support levels. The 0.1500 psychological level could be tested en-route the next barrier seen at 0.1469, Fib 61.8% 1W.
The coin will target the Pivot Point 1 Month S2 at 0.1452 should the bulls succumb to the bearish pressure.
Alternatively, the bulls will have to chew the offers at 0.1582 in order to re-attempt the 0.16 handle. Any substantial recovery will regain traction only on a daily closing above the latter.
See all thecryptocurrency technical levels.
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: A sea of red returns as weekend love disappears - FXStreet
Tezos Foundation Offloaded Millions of Dollars Worth of Bitcoin in 2019: Report – CoinDesk – CoinDesk
The non-profit that holds funds raised in Tezos' $400 million ICO sold as many as 8,000 bitcoins in 2019, it reported Thursday.
The share of the Tezos Foundation's portfolio made up of bitcoin fell from 61 percent in July, to 47 percent as of the end of January, the non-profit disclosed in its biannual report. The value was reinvested into other cryptocurrencies as well as into other asset classes.
Per the report, the Tezos Foundation, which is based in Switzerland, held approximately $397.7 million worth of bitcoin on July 31, 2019. As bitcoin traded at the $10,000 mark, according to CoinDesk's Bitcoin Price Index, the foundation held roughly 39,700 bitcoins.
As of Jan. 31, the foundation held 31,800 bitcoin, worth roughly $298.5 million based on a spot price of $9,400. That means the foundation sold as many as 8,000 bitcoins which, even with the recent downturn in prices, would still be worth as much as $53 million today.
The total value of the foundation's portfolio fell from $652 million on July 31 to $625 million by Jan. 31. It is managed by an asset-management strategy that is established and reviewed by the Tezos Foundation Council the group that leads the organization on a regular basis, according to the report.
Value was reinvested into other cryptocurrencies, such as ethereum, as well as other asset classes, including bonds, equities, and fiat currencies.
The foundation also increased its tezos (XTZ) token exposure, upping the share from 15 to 23 percent. With the XTZ price increasing by nearly 40 percent in the six months between the reports, according to CoinGecko, the value of holdings went up by approximately $48.2 million.
Roman Schnider, CFO of the Tezos Foundation, told CoinDesk that although it considered bitcoin to be a "key store of value," its asset strategy policy was to focus and pay for their long-term objectives, "without being distracted by short-term market moves."
Investments into a stability fund a diversified range of exchange-traded funds (ETFs) and bonds as well as fiat currencies, acted as risk management instruments that ensured "operational effectiveness" against crypto volatility, Schnider added.
In Thursday's report, the Tezos Foundation said it had no plans to liquidate any of the XTZ allocated from the genesis block or generated from its own baking activities, a form of staking used to produce blocks and secure the tezos protocol.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
The Internet May Be Next Victim of Coronavirus Pandemic Netflix, Google, Apple and Amazon React – Bitcoin News
With an estimated billion people staying home, remote working or just watching shows online all day, telecom infrastructure is coming under great strain. Experts and companies are mostly saying that the risk is far from critical yet, but the EU has taken the possibility of the internet crashing very seriously. Netflix, Google, Apple, and Amazon have begun to restrict HD video streaming to reduce data usage in Europe.
Also Read: Encryption Standards Threatened Under Pretext of Battling Coronavirus
The epicenter of the coronavirus crisis has squarely migrated from China to Europe these days. Italy bore most of the brunt, with the highest number of casualties so far, but Spain, France and other countries are also suffering the strong effects of the pandemic growing quickly. Governments have reacted by imposing curfews on citizens, closing borders, shutting down businesses and generally putting in place various restrictions on normal life in order to slow the spread of the virus and flatten the curve.
The main measure that everyday people were asked to take in response is to stay home and avoid any unnecessary trips outside the house. As such, it is no surprise that internet usage in Europe has spiked, with employees working remotely, students learning online and everybody streaming videos. This caused European telecommunication companies, such as Vodafone and Deutsche Telekom, to raise the alarm and the European Union soon reacted.
The EU Commissioner for Internal Market, Thierry Breton, revealed on Twitter that he has had discussions with Netflix CEO Reed Hastings and asked that the streaming service downgrades its broadcasts in Europe from high definition video quality to lower resolution. An hour of HD video from Netflix takes about 3GB of data and an hour of standard definition (SD) video takes about 1GB of data so the move could cut a significant amount of used bandwidth.
According to recent estimates, video streaming services can account for more than 60% of global internet traffic, with Netflix alone responsible for 12% of online bandwidth around the world. The company was the first of the operators in the market to announce it will take measures to help with the situation in Europe.
Given the extraordinary challenges raised by the coronavirus Netflix has decided to begin reducing bit rates across all our streams in Europe for 30 days, a Netflix spokesperson said. We estimate that this will reduce Netflix traffic on European networks by around 25% while also ensuring a good quality service for our members.
Google has also reduced bitrates on its subsidiary Youtube, where an estimated one billion hours of content is being watched every day. This reportedly happened after EU Commissioner Breton talked with Alphabet CEO Sundar Pichai and Youtube CEO Susan Wojcicki. We are making a commitment to temporarily switch all traffic in the EU to standard definition by default, the company said.
Amazon has also taken similar measures on its Prime Video service. We support the need for careful management of telecom services to ensure they can handle the increased internet demand with so many people now at home full-time due to Covid-19, an Amazon spokesperson said. Prime Video is working with local authorities and internet service providers where needed to help mitigate any network congestion.
Disney has postponed the planned launch of its Disney Plus streaming service in France at the request of the local government while going forward with the plan in other European markets. It also said it will lower its overall bandwidth utilization by at least 25% in all of the markets launching Disney Plus on March 24, 2020. This will reportedly be done in response to an EU request to ensure the smooth functioning of the broadband infrastructure.
According to reports from European subscribers, Apple has reacted to the situation by downgrading the streaming quality of Apple TV Plus in Europe.
What do you think about the possibility that the internet will crash due to the global coronavirus crisis? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.
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With an estimated billion people staying home, remote working or just watching shows online all day, internet infrastructure is coming under great strain all around the world. Experts and companies are mostly saying that the risk is far from critical yet but the EU takes the possibility very seriously. Netflix, Youtube, Apple and Amazon Prime have begun to restrict HD video streaming to reduce data usage in Europe.
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The Internet May Be Next Victim of Coronavirus Pandemic Netflix, Google, Apple and Amazon React - Bitcoin News
Bitcoin Price (BTCUSD) is Off to a Bullish Start; Can It Sustain Gains Above $5,900.00? – InvestingCube
Bitcoin price is trading higher at the start of todays trading. As of this writing, BTCUSD is up over 1.40% or $80.00 from its opening price at $5,904.15. The short-term time frame reveals that the cryptocurrency has been on a short-term uptrend since March 13. This is evidenced by the higher highs and higher lows that BTCUSD has been making in the 1-hour time frame. Bitcoin price is currently testing a confluence of support from the rising trend line (from connecting the lows of March 13 and March 16) and the 200 SMA. Reversal candlesticks have already materialized which could suggest a potential rally to $6,945.00 where BTCUSD topped on March 20.
However, its worth noting that on the daily time frame, bitcoin price looks to have gotten rejected at a critical resistance level. By drawing the Fibonacci retracement tool from the high of March 7 to the low of March 13, we can see that BTCUSD bounced off the 50% Fib level. This price also coincides with previous lows which bitcoin price established in late December to early January. The reversal candlesticks could suggest the presence of sellers. A break of the trend line in the hourly chart could suggest that BTCUSD may soon fall to its March 13 lows at $3,858.00.
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Bitcoin Price (BTCUSD) is Off to a Bullish Start; Can It Sustain Gains Above $5,900.00? - InvestingCube
Bitcoin Price Analysis: BTC Might Drop Beneath $4,800 Again If It Breaks THIS Short Term Trend Line – Coingape
Well, it seems that the bears are back in town as Bitcoin drops by a total of 10% today as it penetrates back beneath the $6,000 level once again. The cryptocurrency was looking like it was on the road to recovery over the past couple of days, however, it was unable to overcome resistance at $7,170 which caused it to roll over and fall.
It is currently trading above a short term trend line but if it breaks we might see Bitcoin returning beneath $5,000 and possibly make some fresh lows for March.
BTC/USD 4HR CHART SHORT TERM
Taking a look at the 4HR chart above we can clearly see Bitcoin running into the resistance at $7,174 provided by a bearish .618 Fib Retracement. It was really unable to climb above $6,700 which caused it to roll over and drop back into previous resistance (now support) provided by a bearish .382 Fib Retracement priced at $5,911.
Bitcoin remains neutral but a break of the trend line is likely to put it bearish again.
If the sellers push beneath $5,911 and the rising trend line, the first level of support is located at $5,786 (short term .5 Fib Retracement). This is then followed by support at $5,550, $5,467 (short term .618 Fib Retracement), $5,200, and $5,000.
If the sellers continue beneath $5,000, support lies at $4,800, $4,577 (downside 1.272 Fib Extension), $4,139, and $4,000.
On the other hand, if we climb above $6,000, resistance lies at $6,174, $6,400, $6,542, $6,700, and $7,000.
Support: $5,911, $5,786, $5,600, $5,500, $5,467 $5,200, $5,000, $4,800, $4,672, $4,577, $4,139, $4,000, $3,912, $3,500, $3,436..
Resistance: $6,000, $6,174, $6,542, $6,700, $6,800, $7,000, $7,174, $7,200, $7,270, $7,500, $7,676, $8,000, $8,073, $8,250, $8,461, $8,672, $8,979, $9,000, $9,100.
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Bitcoin Price Analysis: BTC Might Drop Beneath $4,800 Again If It Breaks THIS Short Term Trend Line
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Bitcoin dropped by a total of 10% over the past 24 hours as it pushes back beneath $6,000.The cryptocurrency is currently trading above a short term trend line but if it breaks we might see Bitcoin heading beneath $4,800.
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Yaz Sheikh
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Coin Gape
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A factor that predicted the Bitcoin crash in 2018 suggests bullish action is ahead – CryptoSlate
Over the past few days, youve likely noticed a lot of buzz about a trend in the crypto space: Tether, the company behind the USDT stablecoin, has begun to issue millions upon millions of their coin.
Below is one such transaction outlining a minting of USDT coins at the Tether Treasury, so to say. Although these millions may seem arbitrary in an industry worth over $100 billion, there is evidence to suggest that large mints of this crypto asset precede strong surges in the price of Bitcoin.
According to data shared by Unfolded, a cryptocurrency analytics group, $161 million worth of USDT has been minted within the past few days, while the circulating supply of the asset has grown by $627 million.
As to why this is bullish, Charles Edwards, a digital asset manager, noted earlier this year that major changes in Tethers market capitalization have led Bitcoins price over the last 1.5 years.
For instance, prior to the nearly 50 percent crash in November 2018 that saw BTC plunge from $6,000 to $3,150, the amount of USDT circulating fell by hundreds of millions; also, prior to the majority of 2019s 330 percent rally was the printing of hundreds of millions worth of the coins.
The millions of dollars worth of new stablecoins printed over the past few days would suggest that if this historical trend holds true, Bitcoin is about to see some strong upside and may be bottoming.
Fundamentally, this makes sense; although there are few details as to how one can deposit U.S. dollars and receive USDT in return, the introduction of fiat into the space through stablecoins should eventually act as a catalyst for Bitcoins growth when USDT holders sell their coins for BTC or other digital assets.
Su Zhu, CEO of Three Arrows Capital, summed it up nicely in 2019, when he wrote that with so much money sitting on the sidelines, especially in stablecoins, BTC could appreciate rapidly.
Its important to point out that as Tethers market cap has swelled, so too has that of USD Coin, the stablecoin by Circle and Coinbase, and that of alternate stablecoins by dozens of millions, further corroborating the bullish narrative that there is fiat money waiting on the sidelines to flood into Bitcoin.
How fast this translates into bullish price action for Bitcoin isnt clear. However, going by historical standards, it may take weeks or even a few months before BTC catches up to USDTs market capitalization if the correlation holds true that is.
Bitcoin, currently ranked #1 by market cap, is down 3.09% over the past 24 hours. BTC has a market cap of $112.5B with a 24 hour volume of $55.65B.
Chart by CryptoCompare
Bitcoin is down 3.09% over the past 24 hours.
Cover Photo by Jen Theodore on Unsplash
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A factor that predicted the Bitcoin crash in 2018 suggests bullish action is ahead - CryptoSlate
Top 3 Coins Price Prediction: Bitcoin, Ethereum and Ripple consolidate their price following as bulls and bears wrestle for control – Confluence…
The daily confluence detector shows one strong resistance and support level at $6,375 and $5,775, respectively. The former has the 15-min Bollinger Band, one-week Fibonacci 23.6% retracement level and SMA 100, while the latter has the one-month Pivot Point support-three.
There are two healthy support levels on the downside at $130 and $119.50. The former has the one-day Fibonacci 38.2% retracement level and SMA 10, while the latter has the one-month Pivot Point support-two. On the upside, there is a strong resistance level at $133.50, which has the 15-min Previous Low, one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band middle curve, SMA 5, SMA 50 and SMA 200.
Quite like Bitcoin, Ripple also has one strong resistance and support level, as per the confluence detector. Strong resistance lies at $0.1765, which has the Previous Year low. On the downside, good support lies at $0.145, which has the 4-hour and one-day Previous Lows and one-month Pivot Point support-two.
Bitcoin’s Difficulty on Track for Historic Drop, but There Is Silver Lining – U.Today
Over thelast seven days, the crypto price pumps and dumps went through the community narratives and sentiments like a chainsaw through wood. New 'top performers' and 'ultimate hedges' have been elected and decimated on a daily basis. This roller coaster ride is nowhere near the end, sowe can only make preliminary conclusions.
When the price of Bitcoin (BTC) hit the $3,200 level in one-minute candle on BitMEX, several traders remembered the motto from 2018 -'I'm here for the technology'. Alongsidethat motto, some analysts have figured out that high-tech cryptocurrency systems may also be the most profitable during tough times. Here's what wasnoticed by Terry Langston, a wealthy manager and fintech advocate:
According to Langston, the splendid performance of Dash (DASH) could be explained by its widespread usage as an exchange tool and fundamental supremacy.
Must Read
Yesterday, Dash (DASH) surged 144% from the low of 'Black Friday' as its price skyrocketed from $31 to $77 this week.
Bitcoin (BTC), which had been called the 'hedge against volatility' and 'safe haven asset', failed to rapidly recover. It grew 82.5% after seeing the third worst carnage in its history. Yesterday, theprice of Bitcoin touched $7,000 level some exchanges. The crypto king failed to hold these gains in the face of aggressive sellers, but some top-class traders treated this as one more splendid opportunity to 'buy on the dip'.
Yesterday, the price of Ethereum (ETH) went up76.7% from its March 13th low, while Binance Coin (BNB) went up 113%.
Ironically, this week brought a couple of splendid opportunities for the holders of tokens outside the Top-50. For instance, after the Steemit platform hard forked, its native asset Steem (STEEM) surged up unbelievablyby 220% in 20 hours.
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This hard fork was applauded by the Crypto Twitter inhabitantsas a textbook example of the community-driven victory that has allowed the people behind the coin to regain control ofit.
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Bitcoin's Difficulty on Track for Historic Drop, but There Is Silver Lining - U.Today