Bitcoin Price Intraday Analysis: BTC/USD Surges Towards Wedge Resistance

Bitcoin price on Sunday continued to stick to its uptrend path, recording as much as 4 percent gains against the US Dollar. The BTC/USD began the Asian trading session with a small upside push in continuation of the overall bullish momentum. As the day progressed, there was visibly a weaker selling sentiment towards the interim […]

Covered: Llyod’s of London is Insuring a Crypto Custody Services Firm

HODLers who use the services of Kingdom Trust are now bound to sleep a little more soundly. This is after the Murray, Kentucky-based cryptocurrency custody firm announced that it had obtained insurance coverage for the digital assets it holds via the marketplace of Lloyd’s of London. Currently, Kingdom Trust boasts of US$12 billion of assets […]

Bitcoin Shorts Reach All-Time Highs During Low Market Cycle, What’s Next?

Bitcoin short positions have been ranging near their all-time highs during the past month, signaling that traders are giving up hope that Bitcoin will maintain its current price of over $7,200. On September 1st, a notable 10,000 BTC short position was opened, bringing Bitcoin short positions back near their all-time high as Bitcoin shows relative […]

Cryptocurrency Market Update: Bitcoin Cash Boosted on Stress Test Day

FOMO Moments Sunday seeing further gains; Bitcoin Cash, Neo and Verge all performing solidly. That green feeling has continued over the weekend in crypto land as the recovery gains momentum. Market capitalization has climbed a little again pushing it over $235 billion, its highest level for over three weeks. Bitcoin keeps climbing, albeit very slowly, […]