Useful articles from category "Analysis"

This week was marked by a change of "bullish" sentiment to "bearish".On December 9, the bitcoin rate fell by 5% per day and was trading at $18,300, the daily minimum was at around $17,640. Other top cryptocurrencies also appeared in the red zone. Perhaps the reason for the fall was the significant volumes of BTC on the exchanges that put up the whales for sale.

On December 1, the launch of the zero phase of ETH 2.0 took place. The amount necessary for the launch was collected a week before the official event.

On November 24, the price of bitcoin reached $19,000 on the Binance exchange. Only $1,000 remained before the all-time high. Why is there such a rapid growth?

On the night of November 18, Bitcoin continued to grow, reaching a new record this year of $18,483. At the same time, the capitalization of the first cryptocurrency reached a historical maximum of $341.95 billion.

Bitcoin has again updated the annual maximum. Note that the last time such a price was in January 2018.

On the evening of November 5, bitcoin got as close as possible to the $16,000 mark, but could not overcome it. It can be assumed that this is a matter of time.

BTC grew by 3% per day. On Tuesday, October 27, 2020, it updated a new 16-month high of $13,700. At the same time, global stock markets went down, for example, the leading Wall Street S&P 500 index fell by almost 2%.

On November 3, 2020, the next US elections will be held. Incumbent President Donald Trump still holds the leading position, and US Vice President Joe Biden, a member of the Democratic Party, steps on his toes.

Large investors or, as we used to call them "whales", usually show activity at the moments of the fall in the value of bitcoin in order to buy cryptocurrency on more favorable terms for themselves.