Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’

Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot Aug. 5. Source: Coin360 Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having gained over 4% in the past 24 hours. BTC/USD 1-day chart. Source: Coin360 Excitement remains palpable for Bitcoin, which has spent the week slowly patching up losses after it fell $1,200 from highs of $12,000…

Bitcoin Price Hits New All-Time High Against Turkish Lira

A famous Bitcoin skeptic has called for a gold-backed currency to save Turkey as its national fiat currency collapses. In a tweet on Monday, John Hopkins professor Steve Hanke argued that hard money was now the only way out for Turkey, which has spent billions of dollars propping up the lira. Hanke: Turkey’s lira is “toast” At press time, those efforts were still in vain, as another day of intense selling sent the lira to a record low against various currencies including the euro and Bitcoin (BTC). Weakness in the…

NIO Stock Price Increases 2% Today as Nio Shows Rise in Deliveries

Nio stock price is rising. Deliveries in July have reached record highs. The Chinese company may become a serious competitor to Elon Musk’s Tesla. Nio Inc (NYSE: NIO) stock price is slightly up in the pre-market as incoming data from the Tesla Inc (NASDAQ: TSLA) challenger indicated that business has been great. The company has shown higher deliveries of 3,533 cars in the past month. It represents a 322% rise from the same period last year. NIO stock price closed higher at the end of trading yesterday. At the time…

Bitcoin Support at $10.5K Could Push Price Towards 2019 High: Analyst

Bitcoin price hit a year-to-date high at $12,134, notching a new milestone in a bull run that started in March 2020. The benchmark cryptocurrency, nevertheless, underwent a “flash crash” minutes after topping out. Its price fell towards $10,500, a support level that earlier served as resistance during the Bitcoin’s uptrend. Analysts at TradingShot.com now expects the price to bounce back towards $12,000 to retest 2019 high. Bitcoin price could hit the 2019 peak level moving forward, according to analysts at TradingShot.com. Bitcoin’s $10,500-Support The trading signals provider stated in its…

Stocks Crash Can Stop $11.3K Bitcoin Price ‘In Its Tracks’ — Report

Bitcoin (BTC) is showing all the signs of further price gains but macro markets could still bring the bull run to an end, says Glassnode. In its latest weekly update, The Week On-Chain, the analytics firm sounded the alarm about an external force “halting this bull run in its tracks.” Glassnode: This may be the beginning of next BTC bull market As BTC/USD challenged $11,500, Glassnode revealed various network fundamentals, which pointed the way to even stronger price performance. Combined in its Glassnode Network Index (GNI) index, both liquidity and…

Technicals Suggest Bitcoin Price Needs To Clear $11,500 To Restart Rally

Bitcoin started a fresh increase above the $11,000 level against the US Dollar. BTC must surpass the $11,500 resistance zone to continue higher in the near term. Bitcoin is trading nicely above the $11,000 and $11,200 support levels. The price seems to be facing a major hurdle near the $11,450 and $11,500 resistance levels. There is a key rising channel forming with support near $11,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $11,500 resistance area to gain bullish momentum for…

Bitcoin Price Fills New Futures Gap as Bullish BTC Heads to $12K

Bitcoin (BTC) rose to fill a significant gap in its price history on Aug. 3 as bulls remained in control and took BTC/USD towards $12,000. Data from price charts including Coin360 showed the largest cryptocurrency rising once more on Monday, after a correction to $11,000. Daily cryptocurrency market snapshot from Coin360 BTC price targets $11,500 and higher Earlier, Monday trading began with a $150 “gap” in Bitcoin futures markets on CME between $11,450 and $11,600. As Cointelegraph reported, anticipation immediately built around Bitcoin rising to fill the void, in line…

XRP Price Above $0.31, Ripple Labs Improving XRP Market Liquidity

XRP price is up 7% at the time of writing. The coin’s price seems to be benefiting both due to FOMO action and RippleNet performance. XRP Ledger native coin XRP has broken out of a multi-week falling trend. At the time of writing, XRP that is widely used by Ripple in its solutions, was trading slightly above $0.31, with the bull seeming in control of the price in the coming days. In the past seven days, the asset rose over 40% and jumped over 7% at the time of writing.…

XRP Price Gains 40% in One Week But Can It Continue Rally to $0.50?

Most markets are rallying since receiving a severe shakeout throughout the weekend, during which the price of Bitcoin (BTC) fell by $1,400 in minutes below the $11,000 level, liquidating $1 billion in futures along the way.  However, one of the most reliable coins in recent days has been Ripple’s XRP token as it rallied 40% in the past seven days and more than 70% from recent lows toward $0.30, as anticipated in the previous XRP technical analysis.  Now that the price target got hit, let’s take a look at the…