Tag: Parabolic

Riot Blockchain stock plunges 20% following parabolic rally

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Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity.  RIOT fell 20.4% to close at $62.03 on Thursday but was moving slightly higher in after-hours trading. At current values, RIOT has a total market capitalization of $4.2 billion, making it one of the largest companies in the blockchain industry. The sharp pullback follows a more than doubling in price between Feb. 10 and Feb. 17. The…

Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally

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Another day, another all-time high for Bitcoin. The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion. “We should hit $2 trillion this year,” said Ronnie Moas, the founder of Standpoint Research, after the rally. “The 2021 price target is $112,000.” Fundamentally-Driven Bitcoin Boom Traders increased their bids in the cryptocurrency market after Nasdaq-listed software intelligence firm MicroStrategy…

Bitcoin hits a new high of $51.3K as analyst declares ‘historic’ parabolic advance

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Bitcoin (BTC) hit new lifetime highs of more than $51,200 on Feb. 17 as it tackled what trader Peter Brandt confirms is a “parabolic advance.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin enters uncharted $50,000 zone Data from Cointelegraph Markets and TradingView showed BTC/USD passing the $50,000 resistance level again on Wednesday, this time continuing into uncharted territory. Tuesday had seen Bitcoin hit $50,000 for the first time ever, that level nonetheless failing to hold for more than a matter of minutes. With its return, the largest cryptocurrency is…

Chainlink hits new highs, but is LINK about to pull another 150% parabolic move?

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You could literally hear the Bitcoin (BTC) hodlers cheering from the rooftops as the world’s largest whale publically entered the market this week. But as Bitcoin screamed toward $50,000, altcoin hodlers looked on in horror as their portfolios began shrinking in terms of BTC. However, the Elon pump has possibly created a massive buying opportunity for many altcoins on the BTC paired charts. One coin, in particular, has been letting the side down, namely LINK. It seems like only yesterday that Zeus capital got rekt shorting LINK as it pumped…

Dogecoin withdrawals get complicated during parabolic price increase

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Global cryptocurrency exchanges are increasingly experiencing issues with Dogecoin (DOGE) withdrawals amid Redditors pumping the altcoin up to 900% in the past two days. On Jan. 28, a number of crypto users reported on Twitter that they were unable to withdraw their Dogecoin due to crypto exchanges temporarily halting withdrawals. The affected exchanges reportedly included some major crypto platforms like Poloniex, and reportedly Bittrex and Yobit. Some crypto users reported that they signed in on Dogecoin-supporting exchanges like Poloniex to buy some DOGE to only find out that withdrawals were unavailable shortly…

Ethereum Likely to Tag $2,000 in Near-Term as Rally Turns Parabolic

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Ethereum saw a meteoric rally yesterday that allowed it to post some massive gains, with bulls taking full control as they sent it to fresh all-time highs The crypto is still struggling to gain enough support to hold above its previous all-time highs of $1,450, with the selling pressure above this level being significant It is now seeing some consolidation just below this level as Bitcoin begins soaring higher There’s a strong possibility that Bitcoin’s strength will eventually create further tailwinds for ETH One analyst is noting that a daily…

Fractal Suggests Ethereum May Face Further Chop Before Seeing Parabolic Rally

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Ethereum has posted some mixed price action throughout the past few days, testing its all-time highs earlier this week before facing a swift selloff overnight The timing of the BTC selloff that placed pressure on ETH was unfortunate, as it has led ETH to mark its highs as a local top This means that the mid-$1,400 level may remain intense resistance for the cryptocurrency in the short-term While sharing his thoughts on this price action, one analyst explained that ETH is now following in Bitcoin’s footsteps He notes that BTC…

Investment Manager Guggenheim Has Some Advice as BTC Sheds Billions — ‘Bitcoin’s Parabolic Rise Unsustainable’

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Guggenheim Investments’ global chief investment officer has some advice on what investors should do as the price of bitcoin plummets. His company, with $230 billion in assets under management, has been trying to buy bitcoin for months. Guggenheim’s Strategist Has Some Bitcoin Advice as Price Falls Scott Minerd, Guggenheim Investments’ global chief investment officer, has shared his recommendation on bitcoin as the price of the cryptocurrency tumbled. Guggenheim Investments is an asset management firm with over $230 billion under management. The price of bitcoin dropped about 25% in the past…

Bitcoin Price Leaps Over $38,600- Analyst Says BTC’s Parabolic Move ‘Highly Abnormal’

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Digital currency markets continue to see strong gains, as the overall market valuation of the crypto economy has jumped $32 billion over the $1 trillion market cap after hitting the record number for the first time. Moreover, the price of bitcoin touched yet another all-time high on Thursday morning (EST) reaching $38,610 per coin. Bitcoin, the leading digital asset in terms of market valuation, is hovering above the $38k handle after smashing through its ATH the day prior. Bitcoin (BTC) jumped to another ATH on Thursday touching approximately $38,610 per…

Bitcoin Surpasses $37,000 as Parabolic Rally Continues

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Bitcoin just set a new all-time high just minutes ago as it has pushed past $37,000 for the first time ever. The cryptocurrency is now up 8.5% in the past 24 hours and is now up nearly 30% in the past seven days alone. The cryptocurrency’s market capitalization is now nearly $700 billion, bringing it even closer to the market capitalization of gold. Bitcoin has quickly dipped back under $37,000 as the cryptocurrency has encountered some selling pressure at those key levels. The funding rates of leading Bitcoin futures markets…