Bitcoin Price Drop to $8.9K Caused by Whales Selling at Major Exchanges

As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors.

Whales—individual investors that hold an immense amount of Bitcoin—have the ability to significantly impact the price of BTC and according to on-chain data provider CryptoQuant,

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Bitcoin Price Volatile 24 Hours Before Halving, Key Indicators Bullish

With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown exponentially, especially after balancing on the $10K threshold for some time. On May 9, BTC dropped to the $8,100 mark before making a small recovery to around $8,800.

Nevertheless, the fact that BTC has overall been able to stave off bearish market pressure instilled a certain amount of confidence in the hearts of investors all over the globe — despite Bitcoin facing a 15% value slip on May 9.

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Price Analysis 4/20: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

WTI crude oil price today plunged over 92% to hit an intraday low of $1.1 per barrel at press time, a level which none of us would have even imagined to see just a few months back. This year alone, the asset class is down by over 98%.

Excess production, a sharp drop in demand due to the ongoing pandemic,

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Price Analysis Mar 23: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Traditional markets continue to post almost daily losses while Bitcoin price has been relatively range bound for the past week. At the risk of sounding repetitive, traders have to continue to focus on the events that are driving the various asset classes. The Coronavirus cases in Europe are not showing signs of flattening out and the number of cases in the US are surging at a rapid pace.

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Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during certain occasions,

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Price Analysis Feb 14: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

Interest in Bitcoin (BTC) has surged significantly after its rally above $10,000 and if the bulls can sustain the price above this psychological level, it is likely to attract further attention. While it is difficult to pinpoint the exact reason for this resurgence, a host of factors such as the China coronavirus scare, the upcoming Bitcoin halving,

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Price Analysis Feb 10: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

A report by investment management firm VanEck shows that Bitcoin can greatly improve the “risk and return reward profile of institutional investment portfolios.” The research shows that even a small allocation to Bitcoin in a portfolio mix of 60% equity and 40% bonds enhanced the cumulative return. 

The best portfolio return was seen with an investment of 3% in Bitcoin,

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Price Analysis Jan 31: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, ETC

Morgan Creek Capital CEO Mark Yusko believes that Bitcoin should be a part of every investment portfolio. The performance analysis of the past five years shows that even portfolios that only held 1% of their total investments in Bitcoin managed to outperform their competitors. Bitcoin offers a ten-to-one downside capture, which makes it one of the most asymmetric assets that Yusko has ever seen.

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Price Analysis Jan 10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX

Safe haven assets were dumped on Jan. 8, on reports that the US-Iran conflict might not escalate to an all out war. Cryptocurrencies, which had surged alongside gold and oil with also retreated from two-month high. However, the positive sign is that most major cryptocurrencies have held their immediate support levels, which indicates buying on dips.

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Bitcoin Price: 2 Key Indicators Hint that a Bear Market is on the Cards

Last week was a tough week for Bitcoin (BTC) as sentiment shifted from bullish to bearish after the price fell from just under $10,000 to below $8,000 in a matter of hours on Sept. 24. After a brief bounce, Bitcoin hovered around $8,400 for 48-hours before the final drop to $7,740 came. 

This produced a storm of tweets from bulls like Anthony Pompliano and bears like Peter Schiff took the opportunity to gloat about the cyclical misfortune Bitcoin frequently provides it’s supporters.

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Bitcoin Price Catalyst Will Be S&P 500 New All-Time High, Says Tom Lee

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has argued that a strong macro outlook will provide the tailwinds for the next Bitcoin (BTC) bull run.

In an interview for CNBC’s Fast Money on Sept. 13, Lee broke with the narrative that investors buy into Bitcoin to hedge macro risks — viewing the asset as a safe-haven asset or type of digital gold. 

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Price Analysis 06/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge positive as it will attract a large number of retail and institutional investors alike.

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Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool

Bitcoin (BTC) price was feeling the pressure Aug. 14 after a fresh downturn saw the largest cryptocurrency settle below $10,500. 

Market visualization. Source: Coin360

Trade war tensions relief lifts markets, sinks Bitcoin price 

Data from Coin360 painted a gloomy picture for investors Wednesday, with BTC/USD trailing 7.2% daily losses.

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Bitcoin Price: Gold Breakout Could Jolt BTC Above $12K, Say Analysts

Bitcoin (BTC) price remained fairly buoyant on Aug. 13 despite a fresh delay of an exchange-traded fund (ETF) by United States regulators. 

Market visualization. Source: Coin360

Bitcoin price unfazed by Bitcoin ETF delay

Data from Coin360 showed BTC/USD clinging to support above $11,000 Tuesday,

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Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim Draper

Bitcoin (BTC) price will still hit $250,000 but its status as a safe haven asset could see investors waiting a little longer than planned, serial VC investor Tim Draper says.

“People have consolidated towards Bitcoin”

Speaking in an interview with Yahoo! Finance on Aug. 9, the notoriously bullish Draper doubled down on his prediction that Bitcoin will hit $250,000 by 2023.

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DASH, XLM, EOS: Top-3 Crypto Losers of the Week — Price Analysis

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by HitBTC.

Cryptocurrency discussions in online forums are surging and about 85.5% of the conversations are positive in nature,

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Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up

The Chinese central bank released on its website an infographic illustrating what is Bitcoin (BTC), how it works and why it’s valuable on July 26.

A brief story: from Bitcoin to Libra

The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC in 2009,

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Bitcoin Price Clings to $10K But Now Below ‘Neutral Area,’ Says Trader

Bitcoin (BTC) price slid back under $10,000 July 23 after a period of sideways action broke down to send the largest cryptocurrency back to four figures.

Market visualization. Source: Coin360

Bitcoin price swirls around five figure mark

Data from Coin360 showed BTC/USD trading just below the barrier once again Tuesday,

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Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.

Top Stories This Week

Trump tweets opposition to crypto,

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Gram Asia to Sell Telegram Tokens at Three Times ICO Price

South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token starting July 10, according to a report by Bloomberg on July 3.

The proposed sale price is triple the original $1.33 sale price at Gram’s second initial coin offering (ICO) round in March 2018.

The sale on July 10 is apparently happening exclusively through Japanese cryptocurrency exchange Liquid,

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Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

ThinkMarkets chief market analyst Naeem Aslam predicts that bitcoin (BTC) will hit somewhere between $60,000 and  $100,000 during its next bull run, according to a Fox Business interview on June 24.

Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver.

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Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.

Top Stories This Week

Four big reasons bitcoin’s price will probably not stop at $20K this time

Bitcoin crossed $11,000 in under 24 hours after breaking the important level of $10,000 on Friday,

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Hodler’s Digest, June 10–16: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

CCN casts doubt on shutdown plans as Google appears to correct visibility

Cryptocurrency news outlet CCN (formerly CryptoCoinsNews) is apparently not going through with its total shutdown, as reported earlier this week. The outlet had previously posted a note that a recent Google Core Update had led to a more than 70% visibility drop on mobile overnight,

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