Tag: Green

Short Squeeze Catapults Price of Bitcoin Past $7,600

Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for such a price movement was a textbook short squeeze. A short squeeze occurs when a …
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Following Bullish Sentiments: Price of Bitcoin Eyes $7,000, Global Markets Green

While it may be premature, many are suggesting that a true reversal is finally taking place. As Bitcoin establishes higher lows, and more and more altcoins are seeing huge appreciations, there seems to be evidence to suggest the bears are being driven out. Coupled with abundant, positive news recently, it’s possible that the extended red will soon turn green. Last week, Bitcoin (BTC) held support at US$6,600. More recently, floors …
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After Tumultuous Monday, Price of Bitcoin Returns Above $8,100

With every green candle in the past two months, cryptocurrency supporters hope the bear trend has ended. However, after each extended period of appreciation, it seems as if an even longer and steeper sea of red is experienced after. Yesterday, technical analysts and spectators alike scratched their heads at Bitcoin’s inexplicable chart. Although the unexpected is the norm throughout cryptocurrency, Monday’s Bitcoin chart sparked a slew of attention on Twitter and …
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Price of Binance Coin Surges 25% Following Announcement

Following major declines in global trading volume, cryptocurrency exchanges across the board have seen significant losses since the start of 2018. Coincidentally, the corresponding exchange tokens have also suffered. However, Binance Coin (BNB) looks poised to defy this trend with a great market response to a recent major announcement. Earlier today, the Binance team published an article regarding a new, major innovation they are working toward: Binance Chain. Binance Chain represents …
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