Fundamental view: Bitcoin price movement showed a high at the $11600 mark on 15 October however, the increased volatility pulled the price back down in a flash crash. After the flash crash on the 16th of October, Bitcoin price fell to the $11240 mark, and despite a slight recovery, hit the lowest point of $11219 [...]
Fundamental view: The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment turned [...]
Fundamental view: Bitcoin (BTC), the pioneer cryptocurrency, dropped last week reaching a level of $1500 this week. The US authorities filed several charges against the cryptocurrency derivatives exchange BitMEX and its top executives, including Arthur Hayes. In a joined statement, the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) accused the team [...]
Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but managed to bounce back in the coming days until it fell in the last day of the week. According to a study by researchers at the Cambridge Centre for Alternative Finance, the number of people who own [...]
