Monday, April 19, 2021
Only Bitcoin Market News
Bitcoin Tax Solutions
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Bitcoin Crosses the $10, 000 Mark in Almost a Month Amid Protests Across the United

11 months ago
in Crash
3 min read
Bitcoin Crosses the $10, 000 Mark in Almost a Month Amid Protests Across the United
Share on FacebookShare on Twitter


For the first time in 25 days, Bitcoin has finally broken the $10, 000 resistance mark and continues to hover around this price.

The new milestone comes amid growing tensions in mainland United States as protests rage for close to a week now following the death of George Floyd, a black man at the hands of police.

SEE ALSO: 7 Reasons Why Bitcoin is Stronger Than Ever in May 2020

According to analysts, here are some of the reasons that could be driving the current bull run:

  • Bitcoin has been consolidating at $9, 500 making a strong case for a possible breakout
  • The growing U.S. turmoil is fueling the narrative
  • Growing inflation as the US and other governments worldwide prevent negative interest rates
  • Long periods of stability and low bitcoin volatility levels (within the 2% range for over 100hrs) have historically correlated with large price movements
  • Rising premiums in bitcoin futures pointing to a large demand spike for long positions
  • Rising premiums in options contracts as traders are willing to pay more for long exposure

While the growing leveraged positions are largely coming from institutional investors like CME, analysts warn that these can positions can quickly get liquidated similar to what happened in mid-March, which caused bitcoin price to crash by 50 percent.

In the meantime though, there remains a compelling case for the bitcoin price to continue going up if all the above factors remain for the next couple of days.

 

Sign Up to Attend and Learn from a Successful Kenyan P2P Trader

 

 

 

Follow us on Twitter for latest posts and updates

 

 

Open a Paxful Bitcoin Trading Account today!

 





Read more:Bitcoin Crosses the $10, 000 Mark in Almost a Month Amid Protests Across the United

Related articles

Bitcoin crashes nearly 12 per cent after days of booming prices

Bitcoin crashes nearly 12 per cent after days of booming prices

April 18, 2021
What Changed in Crypto Markets While You Were Sleeping — March 31

Sunday Bitcoin Flash Crash Sees $10 Billion in Positions Liquidated

April 18, 2021
Tags: Bitcoinbitcoin news todayCrossesMarkMonthprotestsUnited

Related Posts

Bitcoin crashes nearly 12 per cent after days of booming prices

Bitcoin crashes nearly 12 per cent after days of booming prices

by Bitcoin Market
April 18, 2021
0

ANI | Updated: Apr 19, 2021 01:55 IST Moscow , April 19 (ANI/Sputnik): Bitcoin nosedived by almost 12 per...

What Changed in Crypto Markets While You Were Sleeping — March 31

Sunday Bitcoin Flash Crash Sees $10 Billion in Positions Liquidated

by Bitcoin Market
April 18, 2021
0

BloombergDogecoin Frenzy Overloads Robinhood Crypto Order System(Bloomberg) -- The frenzy around digital tokens is taking its zaniest turn yet...

All The Differences Between Forex Trading and Crypto-Trading | Hacker Noon

All The Differences Between Forex Trading and Crypto-Trading | Hacker Noon

by Bitcoin Market
April 17, 2021
0

@ks.shilovKirillBlockchain enthusiast developer and writer. My telegram: ksshilovMaking sense of crypto markets always invited comparison to traditional assets. On...

Crypto craze fuels Dogecoin rise from joke to $50 billion

Crypto craze fuels Dogecoin rise from joke to $50 billion

by Bitcoin Market
April 17, 2021
0

Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied more than 110 per cent Friday, according...

Bitcoin’s Raison D’être Is Not as a Store of Value, But Price Appreciation

Can Bitcoin Prices Hit $130,000 in 2021? What Coinbase’s Listing Tells Us

by Bitcoin Market
April 16, 2021
0

“Bitcoin is dead,” proclaimed one prominent cryptocurrency investor in late 2018. The 18-year-old, Erik Finman, had become a BTC...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
NFT Investments makes strong debut on first day of trading on Aquis Exchange

NFT Investments makes strong debut on first day of trading on Aquis Exchange

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
NFT Investments makes strong debut on first day of trading on Aquis Exchange

NFT Investments makes strong debut on first day of trading on Aquis Exchange

April 18, 2021
Stocks rise, Bitcoin crashes, Tasman bubble opens

Stocks rise, Bitcoin crashes, Tasman bubble opens

April 18, 2021
Stocks to Start Week at Highs; Dollar Steady: Markets Wrap

Stocks to Start Week at Highs; Dollar Steady: Markets Wrap

April 18, 2021
US Lawmaker Warns Treasury Secretary and Fed Chair Not to Ignore Bitcoin or America

US Lawmaker Warns Treasury Secretary and Fed Chair Not to Ignore Bitcoin or America

April 18, 2021
Is Bitcoin becoming the ‘Google’ of crypto as BTC market cap nears new milestone? By

Is Bitcoin becoming the ‘Google’ of crypto as BTC market cap nears new milestone? By

April 18, 2021
Bitcoin plummets as much as 15% just days after hitting record high

Bitcoin plummets as much as 15% just days after hitting record high

April 18, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$56,708.001.91%
  • bitcoin-cashBitcoin Cash(BCH)$997.2111.85%
  • binance-coinBinance Coin(BNB)$523.5411.74%
  • bitcoin-goldBitcoin Gold(BTG)$97.511.53%
  • bitcoin-privateBitcoin Private(BTCP)$0.925-0.44%
  • blocktixBlocktix(TIX)$0.0990.00%