Tag: push

JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher – Economics Bitcoin News

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[ad_1] Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to…

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Bitcoin cancels entire day’s BTC price dip with fresh push above $46K

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[ad_1] Bitcoin (BTC) staged yet another classic comeback on Aug. 13 as a day of losses abruptly flipped positive. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin routs bears in classic style Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising from below $44,000 to top $46,300 in hours. Friday’s 5.5% gains erased the entire previous day’s downtrend, once again proving bulls’ staying power at price levels above $40,000. “Well, hello Bitcoin,” Cointelegraph contributor Michaël van de Poppe summarized ahead of a YouTube update on the day. The latest…

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NEM, Augur and District0x price push higher while Bitcoin trades below $32K

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[ad_1] Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to shake off the bearish assault and post-double-digit gains before traditional markets closed for the weekend.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours were NEM (XEM),  Augur (REP) and district0x (DNT). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro…

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