Thursday, March 23, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Bitcoin Eyes $11,000 As Market Breaks Upwards To End Week-Long Stalemate

by firstcryptonews
September 6, 2019
in Coins
Market Wide Correction Sees Bitcoin Drop To $11,500 With Total Market Clinging Above $300 Billion

The market is on the move. In the last few hours, the market has recorded substantial gains that will soon see some cryptocurrencies test key resistance positions. Bitcoin, the crypto king, has been leading the new bullish wave. The digital asset has in the last 24 hours surged by more than 3% and successfully climbed above $10,800 and gone on to test highs of $10,900.

This move comes after days of stalemate at the $10,400 position. This was a growing concern for many investors who believed that the bears would take the opportunity to pull prices back to the $10K psychological support.

In its latest move, Bitcoin has managed to pull up with altcoins. In the last 24 hours, most of the top altcoins have been recording gains of between 1% to 6%. For many of these, this revives their bullish targets with higher positions set for a retest.

Ethereum, for example, has in the last couple of hours bounced back from $175 and is now looking to reach and climb above $180. This remains a crucial break for the bulls that will see the altcoin change its bearish trend to a more bullish one and ultimately see it go back above $200.

Bitcoin Searches In All-time Highs, Or Is It?
The fresh gains seen by Bitcoin coincide with recent reports of Bitcoin searches reaching an all-time high. Historically, when Bitcoin interest has spiked, prices have rallied. However, as Forbes notes, the recent spike in interest has been a fairly odd one. For starters, there has been more interest in the term “BTC” more than “Bitcoin” which is generally not the case. Also, the interest of the term has recently spiked above 2017 levels which is questionable as there has not been a major event around the asset.

According to some, this is a blatant attempt to manipulate and propel prices up. And for a while, this could have worked.

Brexit Fears Boosting Bitcoin
In addition to the searches, Brexit could also be boosting Bitcoin. In the last week, it has come out clear that Boris Johnson and his government do not have a plan that will see Britain leave the EU with a favorable deal. According to some politicians, his plan is to run down the clock and leave without a deal.

This is expected to hurt the British economy and for many investors, its time to ditch the pound and seek haven in Bitcoin.

Regardless of what has triggered the recent move, many investors hope that the digital asset can extend its gains into the weekend. If so, this will see Bitcoin cruise above $11K with ease and set higher targets for the coming week.

Related Posts

SEC Seeks Court’s Permission To Exclude Ripple Expert Testimonies

SEC Seeks Court’s Permission To Exclude Ripple Expert Testimonies

by firstcryptonews
August 26, 2022
0

The U.S. Securities and Exchange Commission (SEC) has filed a request to submit one lengthy reply for excluding the Defendants’...

What traders need to know about the evolving Ethereum-Bitcoin relationship

What traders need to know about the evolving Ethereum-Bitcoin relationship

by firstcryptonews
April 26, 2021
0

Ethereum’s price action over the last 72 hours or so has been very topsy-turvy. While the aforementioned period saw ETH...

Coinbase Insiders Partially Liquidate Their COIN Stock Holdings Shortly after Listing

Coinbase Insiders Partially Liquidate Their COIN Stock Holdings Shortly after Listing

by firstcryptonews
April 20, 2021
0

While there’s been a lot of noise around the pump and dump by Coinbase insiders and executives, it turns out...

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

by firstcryptonews
January 2, 2021
0

Bittrex announced on Dec. 29 that its exchange will be removing the U.S. markets for the three of the biggest...

Brad Garlinghouse Open to Move Ripple to Another Country

Brad Garlinghouse Open to Move Ripple to Another Country

by firstcryptonews
October 14, 2020
0

Brad Garlinghouse, Co-founder and CEO of one of the biggest crypto-blockchain companies in the world, Ripple, has expressed his concerns...

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

by firstcryptonews
July 8, 2020
0

This week has started quite well for Cardano. The blockchain’s native cryptocurrency, ADA, is now the seventh-biggest crypto by market...

Next Post
Are you looking for how to earn and be safe in the cryptocommunity?

Are you looking for how to earn and be safe in the cryptocommunity?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

cfx quantum

CFX Quantum is achieving heights, having most advanced technologies in their “wallet”

3 years ago
Final Crypto Tool

Exploring Final Crypto Tool – News and Transactions Impact on the Price Direction

1 year ago
Qardcoin Token Technology Aims to Reshape the E-Commerce market

Qardcoin Token Technology Aims to Reshape the E-Commerce market

1 year ago

Leading Utility Token YES WORLD hits a milestone of 1.5 million transactions, transaction volume coming from utility services

3 months ago
EOS Soars As SEC Settles With Parent Company Block.one Over Sale Of Unregistered Securities

EOS Soars As SEC Settles With Parent Company Block.one Over Sale Of Unregistered Securities

3 years ago
Onston

Onston signed a business agreement with 2Y Entertainment, a Korean entertainment agency.

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

Dominator Domains, a Web3 innovative platform where users can register domains in 3 different blockchains and 10 different domain extensions

Dominator Domains, a Web3 innovative platform where users can register domains in 3 different blockchains and 10 different domain extensions

March 23, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News