Apple Pay integration and Staking 3.0 launch push COTI price to a new high

As big-name payment processors like Visa and Mastercard increasingly integrate blockchain technology into their payment rails, decentralized platforms offering the best solutions to issues like scalability and fast transaction times are gaining traction.  COTI is one such platform that has been gaining momentum in recent weeks after a series of network upgrades and big announcements brought extra attention to the enterprise-grade fintech platform. According to COTI’s website, the protocol focuses on empowering organizations to create their own payment solutions and digitize any form of currency as a way to save…

Bitcoin traders worry as BTC price remains pinned below $50K

The price of Bitcoin (BTC) has failed to break above the psychological $50,000 resistance going into the weekend and has dropped below the $48,000 level on March 6.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Now traders are watching whether BTC/USD can break above the $50,000 level to resume the bull cycle. Conversely, a drop below the recent lows below $46,000 will likely open the door to new lower lows, which may then pose a threat to the bull run that has been in place for almost a year, at…

Stellar XLM Edges Closer to a 35% Price Movement

Stellar’s price action suggests that volatility is about to strike back. Stellar Primed for Volatility XLM’s market value dropped by 50% after reaching a new yearly high of $0.61 on Feb. 13. The downswing seems to have been fueled by a market-wide correction that caused over $6.5 billion in liquidations. While some altcoins managed to recover the losses incurred, Stellar entered a stagnation period. The twelfth-largest cryptocurrency by market capitalization has been consolidating over the past two weeks, making a series of lower highs and higher lows along the way. When drawing…

Traders speculate that Bitcoin’s price may continue to trade sideways for now

Bitcoin’s price has declined in recent days. While it has rebounded from its weekly lows, the asset’s trajectory remains uncertain says CryptoWendyO, a crypto trader on Twitter.   “The daily timeframe is not looking great as we are having trouble sustaining $50K,” she told Cointelegraph on Friday. “I am feeling like we will get a run to $51.6[K].” She added: “From there I would be cautious as rejection could lead back to the $50K -$45K range. A break down there could be a swift wick to $42-38K with a glorious recovery.…

Big Tech sell-off and rising Treasury yield pin Bitcoin price below $50K

Bitcoin (BTC) continues to struggle below $50,000 on March 5 as a spike in the 10-year Treasury yield to 1.62%, its highest level in over a year, has taken a toll on global financial markets and hit risk-assets especially hard.  At the time of writing the S&P 500 and Dow are up 0.46% and 0.64% but the tech sector sell off continues as companies like Apple and Tesla continue to slump further.  Economists see rising bond yields as the result of improvements in the economy thanks to the Covid-19 vaccine…

Why Bitcoin price is slumping below $50K

The price of Bitcoin (BTC) is extending its slump below $49,000 on March 5 as the U.S. dollar index (DXY) reached the highest levels since November 2020.   DXY (blue) vs. BTC/USD (orange). Source: Tradingview Meanwhile, the prospect of rising rates and a potential stock market top is putting downward pressure on equities and Bitcoin, causing the entire cryptocurrency market to pull back. Rising treasury yields — the biggest threat to Bitcoin? Bitcoin and risk-on assets, in general, have been heavily affected by rising 10-year treasury yield rates in the U.S. As…

Record GBTC discount may spark $100K Bitcoin price rise — analyst

Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative premium “could signal march to $100,000” As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. This means that GBTC shares are trading below their…

Bitcoin Price Back Below 100 SMA, Why BTC Could Retest $45K

Bitcoin price failed to stay above $50,000 and $49,000 against the US Dollar. BTC is now below the 100 hourly SMA and it is likely to continue lower towards $45,000 Bitcoin started a fresh decline below the $50,000 and $49,000 support levels. The price is now trading well below $50,000 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $49,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline towards $45,000 as…