• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Bitcoin Moves Back Toward $19,000 as MicroStrategy News Spreads

by
December 12, 2020
in Uncategorized
0
Bitcoin Moves Back Toward $19,000 as MicroStrategy News Spreads
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin is pushing higher after plunging as low as $17,600 late last week. The price of the leading cryptocurrency has pushed to $18,800 as of this article’s writing, reaching its highest price in many days.

The cryptocurrency slumped last week as the U.S. dollar underwent a slight bounce. Further, many argued that with stringent crypto-asset regulation on the horizon, there were many marginal buyers that were hesitant to add to their positions.

Related articles

It’s time for Hollywood to move to blockchain. Yes, you read that right

It’s time for Hollywood to move to blockchain. Yes, you read that right

January 24, 2021
Two Million ETH Withdrawn From Exchanges

Two Million ETH Withdrawn From Exchanges

January 24, 2021

Bitcoin’s rally comes in the news that MicroStrategy will be purchasing over $600 million worth of BTC.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Pushes Higher After Strong Correction

Bitcoin is pushing higher toward the key $19,000 resistance level after a strong drop this past week. The cryptocurrency currently trades for $18,800, slightly below the daily highs of $18,900.

Chart of BTC's price action over the past few days from TradingView.com
Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

Many seem to be attributing this rally to the actionable news that MicroStrategy will be purchasing $650 million in the coming weeks and months. Nic Carter, founding partner at Castle Island Ventures and a co-founder of Coin Metrics, recently wrote on Twitter:

“never before have we seen a whale publicly announce, in advance, that they would be taking a position in specific size. market should obviously be incorporating that info. My point is that the market should logically be anticipating the market impact of the forecasted buy (which will absolutely be nonzero), not that I expect Saylor to smash ‘market buy’ on Coinbase.”

This was echoed by trader “CL,” who stated that this is “a rare buy the news event, and super obvious one.”

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Bitcoin Moves Back Toward $19,000 as Weekend Comes About
Share76Tweet47

Related Posts

It’s time for Hollywood to move to blockchain. Yes, you read that right

It’s time for Hollywood to move to blockchain. Yes, you read that right

by
January 24, 2021
0

With inspiration from past decentralized success, other industries are following suit — and the film industry should be next. The...

Two Million ETH Withdrawn From Exchanges

Two Million ETH Withdrawn From Exchanges

by
January 24, 2021
0

About 10% of the total eth supply on exchanges has been withdrawn since Tuesday according to data from CryptoQuant. Total...

Press Release: CoinShares Launches its First Bitcoin ETP at SIX

Press Release: CoinShares Launches its First Bitcoin ETP at SIX

by
January 24, 2021
0

Today, the Swiss Stock Exchange welcomes another new ETP issuer. CoinShares is already the second product issuer joining in 2021....

Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now

Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now

by
January 24, 2021
0

Several prominent on-chain analysts and traders have turned short-term neutral to slightly bearish on Bitcoin as BTC struggles to reclaim...

The impact of Bitcoin hacking incidents in the crypto market

The impact of Bitcoin hacking incidents in the crypto market

by
January 24, 2021
0

Studying the question of how Bitcoin hacking incidents affect the uncertainty in the overall crypto market. In the 2013–2017 period,...

Load More
  • Trending
  • Comments
  • Latest
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

January 4, 2021

New Mining Centers Increase North American Market

December 6, 2020

3 Factors That Made Bitcoin Become so Valuable Last Year

December 6, 2020
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020
It’s time for Hollywood to move to blockchain. Yes, you read that right

It’s time for Hollywood to move to blockchain. Yes, you read that right

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
It’s time for Hollywood to move to blockchain. Yes, you read that right

It’s time for Hollywood to move to blockchain. Yes, you read that right

January 24, 2021
Two Million ETH Withdrawn From Exchanges

Two Million ETH Withdrawn From Exchanges

January 24, 2021
Press Release: CoinShares Launches its First Bitcoin ETP at SIX

Press Release: CoinShares Launches its First Bitcoin ETP at SIX

January 24, 2021
Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now

Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now

January 24, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Pantera Capital
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tether (USDT)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • Weiss Ratings
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.