Despite Tether Concerns, Notable Analysts Remain Bullish On Bitcoin (BTC)

What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted $300 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. As a result of this news, Bitcoin (BTC) dropped by 10% within minutes, plunging from $5,550 on Coinbase to $4,950 in a rapid sell-off. Related Reading: Crypto Divided Over Tether, Some “Unequivocally” Bullish On Bitcoin But since this news broke, cryptocurrencies across the board have recovered, as some have begun to suspect…

Notable Investor: BTC at $1,000 Calls Are Irresponsible, But Bitcoin Could Test Lows

BTC Could Either Retest Lows Or Fall Further Peter Brandt, a long-standing commodities trader and technician, recently took to Twitter to convey his thoughts on the current state of the Bitcoin (BTC) market. Brandt, who has taken a liking to the cryptocurrency (not altcoins) over recent worlds, noted that if you harness the price action seen at the bottom of the previous market cycle (2013-2016), BTC could retest its lows in the 3000s in the coming weeks (6-7 weeks), prior to a longer-term rally. $BTC 2013-2016 vs 2017-2019 analog comparison.…

Markets Fail a Firm Rebound Attempt, Some Altcoins See Notable Daily Gains

Tuesday, Nov. 24: Bitcoin (BTC) has failed to hold $4,000 support that it challenged yesterday, while most major cryptocurrencies by market cap have seen losses over the past 24 hours, according to CoinMarketCap. 9 of the top 20 cryptocurrencies are seeing mild gains today, with the ZCash (ZEC) and NEM (XEM) prices increasing by more than 10 percent and 8 percent on the day, respectively. Market visualization from Coin360 Bitcoin is trading at $3,766 at press time, up around 0.28 percent over the past 24 hours. After dipping to as…

BTC Trades Sideways, Other Top 20 Coins See More Notable Losses

Thursday, August 2: Bitcoin (BTC) and Ethereum (ETH) are trading around yesterday’s levels, while other top 20 coins are seeing notable losses, according to data from Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is up around 0.3 percent over the past 24 hours and trading at $7,579 at press time after testing a slight rebound today. The top cryptocurrency keeps trading sideways, with an intraday low of $7,451, according to the Cointelegraph Bitcoin Price Index. As Cointelegraph reported in a previous market analysis, if Bitcoin breaks $7,750 resistance, the move…