Cardano and Ethereum Price Surge Alongside Bitcoin — Will XLM Follow?

The price of Bitcoin (BTC) has been trading in a defined range over the past weeks as the halving hype has passed. Bitcoin’s price action also led to increased volatility in altcoins and some of the smaller altcoins have been showing impressive strength. So far, Theta Token (THETA) and Band Protocol (BAND) have been heavy movers. However, in the previous days, the larger cap altcoins have started to move up, with Cardano (ADA) and Ether (ETH) as the primary movers. As Bitcoin attempts to find a way back to $10,000,…

THETA’s Price Action Reveals “Free Money” Arbitrage Opportunities Across Crypto Exchanges

THETA’s price exploded after launching an upgraded version of its mainnet and bringing Google Cloud on board. Key Takeaways Theta Network skyrocketed over 390% in the past month. The token has, however, seen its price drop by 50% in the last 48 hours. THETA’s high levels of volatility presents arbitrage opportunities across different cryptocurrency exchanges. Share this article Volatility is back in the cryptocurrency market, and Theta Network has been one of the primary beneficiaries. THETA’s wild price action across multiple exchanges presents different opportunities to profit. Theta Network’s Price…

Bitcoin Shrugs Off Goldman Sachs’ Criticism With Price Spike

Crypto traders aren’t taking advice from Goldman Sachs — with Bitcoin up by more than 8% since the investment bank slammed BTC in an investors call. Bitcoin has increased from the $8,800 mark to $9530, with the $10,000 barrier in sight According to crypto derivatives tracker Skew.com, the price rise has seen approximately $40 million in BitMEX shorts liquidated over the last 36 hours, with trading sitting above the BTC spot price indicating confidence in a longer rally. The 24 hour trading volume has stayed constant over the last week.…

Bitcoin Price Rallies to $9.6K as Record CME BTC Contracts Expiry Looms

Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28. After breaking out of the falling wedge pattern on Wednesday night, the top ranked cryptocurrency on CoinMarketCap pushed through $9,350, a level traders expected to present resistance and made a beeline for $9,500.  Today’s rally brings Bitcoin price back to the $9,600-$9,800 zone where the digital asset traded from May 13 – May 20 and it also increases the likelihood of a return to $10,000.  Interestingly, data from Cointelegraph and Skew shows a…

A Bitcoin ETF Could Help Fairly Price Grayscale’s GBTC

In a Bloomberg interview, the SEC commissioner, Hester Peirce, said the approval of a Bitcoin (BTC) ETF by the regulator could help price Graysclale’s GBTC more fairly. The commissioner has again reiterated that in her opinion, the SEC is treating crypto related financial instruments unfairly, applying to them unique requirements: “Recently I issued a second dissent, saying: to me, it appears that the current Commission is not interested in approving any exchange traded products that’s available to a retail audience that has crypto underlying  <…> which suggests to me that…

Bitcoin Price Surges Past $9.4K as Week of Gains Targets Five Figures

Bitcoin (BTC) hit $9,400 on May 28 in its latest attempt to upend a downward trend which had seen $8,640 lows just days before. Cryptocurrency market daily overview. Source: Coin360 BTC price: 3-day gains near 8% Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD retaking new ground in Thursday trading, with daily gains at 3%. At press time, $9,400 had just been clinched, rising to $9,460 before a slight reversal. Those levels come a day after Bitcoin reclaimed the $9,000 and $9,200 zones respectively. Bitcoin 1-day chart. Source: CoinMarketCap $9,500…

Bitcoin Consolidates, but a Major Price Movement Is Underway

Bitcoin continues to consolidate as momentum builds before a period of high volatility. Key Takeaways Bitcoin is contained within a narrow trading range between $8,500 and $10,000. A spike in volume may allow the pioneer cryptocurrency to breakout of this no-trade zone. While many factors indicate that BTC is on the cusp of a full-blown bull market, on-chain metrics suggest that a bearish impulse could come first. Share this article Bitcoin sits at a pivotal point in its trend that may define whether or not a new bull market is…

Falling Wedge Breakout Propels Bitcoin Price Above Key Resistance at $9.2K

Within the past few hours Bitcoin (BTC) price managed to press through the $9,200 resistance level to $9,281. While the 2.58% gain may not be much to talk about, the move above the key resistance level is a step forward and the initial move to $9,180 closed the CME gap from last weekend. Crypto market weekly price chart. Source: Coin360 Since dropping to $8,640 on May 25, Bitcoin price has gained 7% and this occurred as the S&P 500 and Dow both rallied higher this week.  On Wednesday both indexes…

4 Reasons Why the Bitcoin Price Is Prepared to Explode Towards $10,000

After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning. It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically. With the price breaking out once again, there is a confluence of signs suggesting Bitcoin could rally past its monthly high of $10,000 in the near future. Here are some of these signs. Related Reading: Crypto Tidbits: Satoshi Isn’t Dumping…