Tag: Newsflow

Bitcoin rockets above $4,000 as positive newsflow encourages bulls

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A convergence of bullish news flow has helped to lift bitcoin back above $4,000. On Bitfinex, where the price tends to trade at a premium partly because of the heavy margin trading at the venue, the BTC price has hit $4,178, jumping $250 in short order, for a 7% gain. On Coinmarketcap 24-hour trading volumes in BTCUSD stands at a healthy $5.5 billion. Burniske’s call Chris Burniske from VC firm placeholder tweeted yesterday that the mainstream had forgotten about bitcoin but he took that as a good sign. Explaining his…

Bitcoin Finds Footing at Current Levels Amid a Quiet Newsflow Week: Week in Review August 20

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After two consecutive bear market weeks, the price of bitcoin closed the week effectively unchanged around the $6,400 mark. In a volatile seven days, bitcoin (BTC) traded in a range between $6,000 and $6,600 but managed to maintain last week’s price level as the week closed. After a couple of difficult weeks for the pioneer cryptocurrency, this price stabilization gives hodlers some relief and hope that the next directional move may be back “to the moon.” Bitcoin-related news flow has been relatively muted with some positives to note. The announcement…