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Bitcoin Today: Is the New Bull Run about to Begin?

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Bitcoin Today
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Everyone can agree on the fact that Bitcoin today is not what it used to be. Ten months ago, when 2018 was only a few days young, the leading cryptocurrency started losing its value, thus beginning a 2018 bear market. Since then, Bitcoin’s value continued to gradually drop from its all-time high of $20,000 per coin to today’s $6,600

Of course, this was not the lowest that BTC has reached this year, and at one point, it even dropped below $5,800. However, most analysts and crypto experts agree that the current price of $6,637.39 per coin can be considered Bitcoin’s bottom.

Still, a lot of investors and analysts remain optimistic, with some of them claiming that Bitcoin is about to experience a huge price surge. The most notable one among them is crypto traders Ran Neuner, who firmly believes that BTC is about to explode, according to his recent tweet.

Is Bitcoin about to go on a bull run?

Neuner’s confidence in Bitcoin has grown significantly as the date of US SEC’s Bitcoin ETF decision is approaching. This is a decision that has been postponed several times so far, and it can easily be considered an event that has been anticipated throughout 2018.

Convinced that the decision will be a positive one, Neuner draws a parallel with Bitcoin today and Bitcoin from a year ago. Back then, a bull run that has brought the entire crypto market to new heights started just before CBOE launched Bitcoin futures after it was allowed to do so by US CFTC. The CME received the same decision on December 17, which was the final push for Bitcoin to hit its historic $20,000 per coin.

Now, a similar event is expected, as Neuner believes that the SEC will say yes to Bitcoin ETF applications. Furthermore, he believes that BTC ETF is a “way bigger deal” than the futures contract, which is why BTC might reach entirely new heights.

The future depends on the US SEC’s decision

Apart from allowing Bitcoin to reach an even higher value than last year, BTC ETF also has a potential to push the coin toward an even broader recognition. According to some experts, this may even mean allow Bitcoin to officially join Wall Street.

The fact that Bitcoin ETF decision is a long-anticipated one needs no confirmation. The SEC is currently tasked with reviewing, and possibly approving, as much as nine applications, submitted by three applicants. Because endorsing BTC ETF is such a huge deal, the SEC clearly wanted to take its time with deciding what to do. This is additionally supported by the fact that the decision-making was postponed several times, with the latest deadline being November 5.

Of course, many remain a skeptic of the decision, not believing that it will be a positive one. These individuals are quick to point out that the SEC rejected numerous BTC ETF applications already, with the most notable one being submitted by the Winklevoss twins. Their requests were rejected several times, first in March 2017, and then in July 2018.

Even so, Neuner remains optimistic about it this time, and so do numerous other investors, experts, and analysts. A favorable decision would make a big difference for Bitcoin today, and it might even spark the real mainstream adoption of cryptocurrencies.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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