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Matthew Jackson



Articles by Matthew Jackson

Bitcoin Breaks $12,000 and Reaches Highest Price in More than a Year

August 17, 2020

Bitcoin has managed to break heavy resistance at $12,000, peaking at $12,150 and reaching its highest price since August 9 last year, when it reached a high of nearly $12,300. Bitcoin’s gain has been mirrored by many of the top cryptocurrencies. ChainLink has seen some correction down, but retains its position as the 5th largest coin, while Litecoin has added to its impressive recent run and holds above Bitcoin SV as the 7th largest cryptocurrency. However, it is Tron that has posted some of the most impressive gains in the past 24 hours, adding nearly 9% to its price to trade at $0.029.
After breaking $11,000 on July 30, Bitcoin has traded sideways between $11,000 and $12,000, although it did briefly break above $12,000 on August 10. On that occasion, the break was shortlived, with

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Bitcoin Booms to $11,400 After 12% Daily Gains

July 27, 2020

After weeks of relative inactivity, Bitcoin price volatility has returned with a vengeance today, first pushing through and holding the $10,000 mark before smashing $10,500 and even the $11,000 mark. It has met more resistance at $11,450, where it has previously fallen on several occasions but any further bullish momentum could carry it past this level. The next major resistance milestone lies at $14,500. This is also the target for a weekly bullish flag that Bitcoin has broken. Some analysts are pointing to $15,000 as their next target, but some are more cautious, with one prominent trader suggesting that his consortium still expects the digital currency to end the year at $7,000. The options market suggests there is just a 7% chance that BTC will reach an all-time high this year.
Bitcoin

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Bitcoin Continues to $10,900 – Its Highest Price in Nearly a Year

July 27, 2020

Bitcoin prices have continued upwards, as the world’s largest cryptocurrency has continued its recent fine run that started a week ago and has seen it add 17.5% to its value, and saw it crash through the $10,000 mark earlier today. BTC hit $10,950 on Binance earlier this evening, reaching its highest price since the beginning of August last year. It has now risen by 50% since the start of the year. Meanwhile, Ethereum’s price has also boomed today, while Ripple has turned an earlier loss into profits in the past couple of hours. However, it is Bitcoin forks Bitcoin Cash (BCH) and Bitcoin SV (BSV) that have shone the most, both adding nearly 10% to their price compared to 24 hours ago.
One week ago, Ethereum was trading at $235 and struggling to surpass the $250 resistance level. However,

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Bitcoin Continues Its Climb amid Mixed Fortunes for Cryptocurrency Market

July 27, 2020

Bitcoin continued its weekend rise and smashed through the $10,000 psychological resistance level that has proven a tough nut to crack in recent weeks. In reaching $10,400, the digital currency has reached its highest price since failing at a similar level on February 13. The economic fallout from the Coronavirus crisis has meant that Bitcoin has taken its time rebounding to this level, but it has shown considerable strength over the past week, and holders will be keeping an eye on $10,500 resistance just ahead. BTC was priced at $9,100 on July 20 and, since then, it has posted six out of seven profitable days to add $1,300, or 14%, to its price.
Although the rest of the top 5 currencies have shown similar, results with the exception of Ripple that is just about breaking even, there are

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Bitcoin Takes a Run at $10,000 As Cryptocurrency Market Turns Green

July 26, 2020

After several weeks of sideways trading, Bitcoin prices have pushed up to challenge the $10,000 resistance level. On Binance, the world’s largest cryptocurrency briefly passed the milestone, but BTC is now trading at just over $9,900: 3.33% up over the past 24 hours.
The last time Bitcoin reached this mark was on June 2, when a failed move to pass the $10,000 marker saw its price subsequently slump to $9,500. Holders will be hoping for a different outcome this time around amid a swathe of positive market sentiment. Other cryptocurrencies have seen even greater gains, with many of them reaching their highest prices in more than a year. Some of the most significant gains have been made by Ethereum, which passed the $300 mark, and Cardano, which has reached its highest price since July 2018.

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Bitcoin Breaks $9,500 As Ethereum Smashes $250

July 23, 2020

Bitcoin has broken through the $9,500 mark for the first time in a month, but it is Ethereum that has set the cryptocurrency market alight today, rising over 10% and smashing through psychological resistance at $250. The second largest cryptocurrency is currently trading at over $270.
Bitcoin started the week at just above $9,200 and it looked set for another languid week after falling to $9,160 by the end of Monday, July 20. Fortunately, previous resistance at $9,000 flipped to support and the world’s largest cryptocurrency has posted gains in the days since, adding $230 to its price on Tuesday and a further $150 on Wednesday, pushing it above the $9,500 mark. Facing some resistance at this level, BTC price fell back earlier today, but bulls have galvanized their efforts and the currency

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Bitcoin Holds Firm Above $9,200 As Cardano, Link, and Tezos Soar

July 13, 2020

Bitcoin added 2.5% to its price last week and is holding steady above $9,200, bringing an end to four previous weeks of losses. Many altcoins have taken the opportunity to add to their own price, with the likes of Ethereum and Ripple gaining more than 1.5%. Meanwhile, Cardano has forged into the top 6 coins, displacing Bitcoin SV, after adding 7.67% to its price over the past 24 hours. As impressive as Cardano’s fortunes have been, however, ChainLink and Tezos have surpassed the digital currency’s 24-hour performance with gains of 19% and 15% respectively. The recent increases have led many traders to call the beginning of alt season, meaning that altcoins outperform the dollar and Bitcoin, although analysts have warned that this may still be some time off. The last alt season saw the vast

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Bitcoin Dips Below $9,000 and Drags Market Down with It

May 22, 2020

Bitcoin prices dropped below $9,000 yesterday, having hit $10,000 resistance earlier in the week. The world’s largest cryptocurrency has rebounded and is now trading at $9,100. Meanwhile, Tether and Ripple are duking it out to be the third biggest cryptocurrency by market capitalization. Stablecoin Tether overtook Ripple yesterday but has since fallen back; both coins have a total market capitalization of just over $8.9 billion, and only $20 million stands between their total capitalization.
The world’s largest cryptocurrency has spent most of the time since April 30 above $9,000 and has, on several occasions, tested psychological resistance at $10,000. It breached the level on May 8, and made further attempts on May 14 and May 18 but couldn’t sustain the push. The bulls appear to be

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Bitcoin Trying to Take $10,000 Resistance Following Halving Event

May 14, 2020

Bitcoin price pushed back above $9,500 today, recovering most of its losses following the weekend flash crash. Investors are hoping the cryptocurrency will continue with a push towards $10,000 resistance. Total cryptocurrency market capitalization is also up, following the Federal Reserve’s warning of poor economic growth and as figures suggest that more investors are storing their cryptocurrency away from exchanges.
Bitcoin experienced a pre-halving flash crash last weekend, falling from a recent high of $10,500 on May 8 to a low of $8,500 on May 10. Some parties labeled the fall as a pre-halving dip and had expectations that the price would rise again following the event, which happens every four years. As digital gold’s price has recovered around 75% of this dip, the predictions have

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Bitcoin Plummets to $8,500 a Day Ahead of the Halving

May 11, 2020

Bitcoin’s price has slumped to $8,500, falling to $8,100 in early Sunday trading, having failed to break major resistance at $10,000. The crash saw Bitcoin shed all of its weekly gains in just a few minutes, and caused major exchange Coinbase to lose service for around an hour, despite the exchange not seeing any spike in activity. Other exchanges managed to continue uninterrupted trading. Meanwhile, Bitcoin transaction fees rocketed 300% on May 8th, ahead of the halving when transaction prices could increase further.
Bitcoin opened trading last week at $8,900 and traded at around this level until Wednesday, May 6. It climbed over the next few days, reaching $10,000 on May 8. The world’s largest cryptocurrency looked set to tackle $10,000 resistance and approached this level several times

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Bitcoin Takes On $10,000 Resistance As Halving Looms

May 8, 2020

Bitcoin is just three days away from its third halving event, which sees the rewards for mining the world’s largest cryptocurrency halved. The event takes place every four years and many analysts point to considerable price increases in the year following the two previous events as being an indicator of imminent gains in the current market cycle. Speculation around the event continues to grow, with the number of Google searches related to the term having skyrocketed in the past few days and Bitcoin passing $10,000 earlier today and reaching its highest peak since February.
Bitcoin has been the standout market performer, although most cryptocurrencies have seen gains of 2% or more. Monero has added nearly 8% to its price. NEO has gained nearly 6.5% and lesser-known 0x adding a quarter

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Bitcoin Price Wavers Around $9,000 with 5 Days to Halving

May 6, 2020

With just over five days left to the halving event, Bitcoin’s price has been wavering around the $9,000 mark but has reached new monthly highs, passing $9,300, at lunchtime trading. Analysts and investors only have just over five days to go until the Bitcoin halving event. Some investors remain adamant that the price will increase following the halving, pointing to the two previous events. In the year following the 2012 halvening, the price rose from $12 to $1,100 and peaked 11 months after the 2016 event, rising from $650 in July 2016 to $2,500 in May 2017.
Blockchain analysis firm, Glassnode, has reported that the number of unique addresses on the network has risen to its highest level since June 2019. This represents the total number of senders and receivers involved in transactions.

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Bitcoin Corrects Following Overnight Surge to $9,400

April 30, 2020

Bitcoin left the rest of the cryptocurrency market in its wake overnight, as it surged through $9,000 to peak at $9,450. It had previously fallen just short of the $9,000 resistance level. It is currently correcting gains, trading at $8,913 at the time of writing. The rest of the cryptocurrency market is still showing 24-hour gains against the dollar, but the likes of Ethereum, Ripple, and all other major cryptocurrencies plotted a similar course to the market leader with strong overnight gains followed by price correction.
The world’s largest cryptocurrency started the year at $7,200 and peaked at a high of over $10,000 in February, but the risk of the Coronavirus brought any further gains to a screeching halt in March. Prices hit a low of $4,000 before starting to make the climb back up

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Bitcoin Takes a Run at $9,000 – Rejected at $8,950

April 29, 2020

Bitcoin continued its strong recovery from the Coronavirus crash that marred its March results. The world’s largest cryptocurrency took a strong run at $9,000 this afternoon but was rejected at $8,950. It is now trading at $8,650 having fallen back, but it still looks likely that the crypto will post a seventh successive profitable week and securing a profitable April for the fifth year running. It only has to hold above the $6,428 mark to maintain a monthly profit. Having started the year at $7,200, Bitcoin has posted a 20% gain since the turn of the year and looks strong enough to take another run at $9,000 in the coming days. Today’s gains lend some credence to recent claims from bullish Bitcoin investors that the currency will eventually reach and surpass the $1 million value. With

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Bitcoin Breaks $8,000 As Whole Crypto Market Sees Profit

April 29, 2020

Bitcoin has bullishly broken $8,000 resistance, trading at $8,100 at the time of writing (12:15 GMT). Having spent most of Tuesday trading at the $7,700 mark, Bitcoin trading volume started to increase in the early hours of Wednesday, as prices first broke through $7,800 and then through $8,000. It reached a peak price of $8,174.85 on the Binance exchange. The cryptocurrency has now recovered its losses from the Coronavirus crash that occurred on March 12 and could have further gains ahead. The Bitcoin halving event takes place in 13 days, although many analysts are warning that macroeconomic factors like central bank monetary policies have a more important role to play in driving Bitcoin prices.
Bitcoin prices are up 4.5% in the past 24 hours, and its rise has caused the rest

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Bitcoin Crosses $7,700 After Closing Sixth Successive Week in the Green

April 27, 2020

Bitcoin continued its recovery over the weekend and closed out a sixth successive week in the green. It has posted modest gains over the past 24 hours, with the rest of the cryptocurrency market offering mixed results. Bitcoin and Ripple are the only two major coins to have added to their price in the past 24 hours, but the likes of Cardano, TRON, and Dogecoin have seen some positive movement.
Having crashed from $7,700 to $4,000 on March 12, amid the spread of the Coronavirus, Bitcoin prices have spent the last five weeks bouncing back, finally reaching their pre-pandemic levels at the end of last week and posting an 8.5% gain since last Monday and finishing a sweep of six successive weeks in the green. If the digital gold is to continue its fine run of form, it looks likely that it will

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Bitcoin Rallies to $7,500 – Highest Price Since Before the Coronavirus Crash

April 24, 2020

Bitcoin prices have surged above $7,500 in the past day, taking the world’s largest cryptocurrency back to the price it was trading at before March’s Coronavirus crash. The rise also means that Bitcoin is back above the $7,200 that it started the year at.
Analysts warn that there is major resistance overhead at $8,000, where it is also likely to meet the 100-day simple moving average. Bulls need to try and close above $8,000 today or could face a fall back to $7,200 support. Although most of the major coins have performed similarly to Bitcoin, with 1% to 2% gains, Teozos and Cardano have posted gains of around 10% over the past 24 hours. Stellar, yesterday’s big mover, has lost just over 1%.
Bitcoin had experienced a period of consolidation, lasting for around 5 days and seeing

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Bitcoin Retakes $7,000 As Cryptocurrency Market Waits for May Halvening

April 23, 2020

Bitcoin is up nearly 2%, trading at $7,150, following the passing of a new US stimulus bill that will provide $480 billion to businesses and hospitals. The market is still speculating as to why Bitcoin has not performed better during the Coronavirus pandemic, but with the digital gold’s halving event due in less than three weeks, attention is once again turning to the halving event that some portions of the cryptocurrency community refer to as “quantitative hardening”.

The Halving, or quantitative hardening as it were, coming to an exchange near you in May.
The last Halving saw a 300% spike, the one before that saw an unprecedented 80x jump in price.
With 18,000,000 BTC already mined, what will this one bring ?https://t.co/cBUZ2QLnDG
— Dinesh Nair (@alphaque) April 23, 2020

Critics have

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Bitcoin Dips Below $7,000 and Causes Crypto Market to Fall

April 20, 2020

Bitcoin has dipped below $7,000 for the first time since April 16 today and, in the process, dragged the rest of the cryptocurrency market down with it. The one cryptocurrency that has bucked today’s negative trend is Stellar, which has posted a nearly 14% gain. Meanwhile, traders should be prepared for a big move in the coming days as volatility has tightened to a three month low.
Bitcoin most recently crossed $7,000 resistance on April 16. Since then, it has traded between this level and a high of $7,280 with $7,000 flipping to form resilient support. However, earlier today, prices fell to $7,000. Although there was a brief period of recovery, digital gold continued through the support level and is currently trading just below $6,950: a decline of 3.82% over the past 24 hours.
There had

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Bitcoin Trying to Crack $7,000 Again

April 16, 2020

Bitcoin has been trading steadily at around $6,800 for the last week but, having dipped to $6,500 yesterday, the world’s largest cryptocurrency has made a positive move to take $7,000. Bulls will be hoping that it defends the position and flips resistance to support while waiting for the major Bitcoin halving event that is set to occur next month. However, while prices have steadied following the outbreak of Coronavirus and the subsequent calming of market nerves, the continued economic upheaval is still playing on traders’ minds.
Following the outbreak of Coronavirus and the global response to the outbreak, which has seen approximately one-quarter of the world’s population under some form of restricted lockdown, Bitcoin and cryptocurrency prices saw hyper-volatility. This volatility has

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Bitcoin Up 5% to $7,000 but Ethereum Leads the Cryptocurrency Charge

April 6, 2020

Bitcoin price is back above $7,000, currently trading at $7,150, having posted a 5% gain over the past 24 hours. The movement means that Bitcoin is now back level since the start of the year, despite crashing to a yearly low under $4,500 in March. The rest of the cryptocurrency is also seeing green, with Ethereum proving to be the pick of the big coins, adding nearly 10% to its prices and rising above $150.
Major exchanges have been reporting an uptick in the number of new users registering for their services, as well as an increase in trading volume. According to Coinmarketcap.com, the cryptocurrency market now has a total capitalization of $200 billion, which is some way short of the $260 billion a month ago but up from the $130 billion registered on the day US President Donald Trump

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Bitcoin Breaks $6,500 Following Poor First Quarter

April 2, 2020

Bitcoin prices ended the first quarter of 2020 down by 10%, having seen early yearly gains swallowed up by Coronavirus market panic. On the day, Bitcoin is trading 6% higher compared to 24 hours previously, with a single Bitcoin costing $6,648.21. The rest of the cryptocurrency market is also seeing green and total market capitalization is nearly back to the same levels as the start of the year, according to data from CoinMarketCap.com.
Having started the year trading at $7,200, it only took a few days for digital gold to start its march upwards passing $8,000 on January 7 and $9,000 on January 19. By February 12, the world’s largest cryptocurrency even broke the $10,000 resistance level, but its march was halted as the world got to grips with the reality of the Coronavirus. It was back

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Bitcoin Climbs to Retest $6,500 – Takes Cryptocurrency Market Up with It

March 31, 2020

Bitcoin has posted a 2% gain this morning, testing $6,500 resistance level and taking the rest of the cryptocurrency market with it. Bitcoin SV has led the way, its price increasing more than 5% over the past 24 hours. The gains come following a poor weekend performance that saw prices fall from $6,700 to below $6,000, and as investors continue to get to grips with the Coronavirus outbreak and the likelihood of its long-lasting impact on business and investment markets.
The world’s largest cryptocurrency spent the latter half of last week attempting to take the $7,000 position; a move that ultimately failed. Over the weekend, prices dropped from $6,700, at one point falling below $6,000. Prices recovered slightly overnight and Bitcoin has continued to trade at the $6,400 mark, testing

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Bitcoin Falls Through $6,000 Support

March 29, 2020

Bitcoin prices have continued their recent decline, falling to and through $6,000 resistance and now trading just above $5,900. Analysts had predicted a fall to $5,000 was needed before Bitcoin could fight back above its Year To Date highs. As is typical in the cryptocurrency market, Bitcoin’s movement has been aped by the rest of the market, with Ethereum Classic proving the only profitable coin of the top 50. Despite this, recent research shows the number of jobs in the industry has continued to increase, along with Bitcoin’s prominence on Twitter.
Bitcoin started 2020 on relatively ground, certainly by the volatile nature of the cryptocurrency market. On January 6, just a few days into the new year, Bitcoin’s unusually steady trading led gold enthusiast and well-publicized Bitcoin

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Bitcoin Struggling to Reach $7,000 but Cryptocurrency Market Seeing Modest Gains

March 27, 2020

Bitcoin has been trading between $6,500 and $6,900 for the past 72 hours, failing to take the $7,000 resistance and leading analysts to predict a fall in prices. However, as Bitcoin continues to trade horizontally, other cryptocurrencies have posted gains against the dollar compared to 24 hours ago. Of the biggest coins by market capitalization, Ripple has seen the biggest gains, rising more than 8% in the past day to its highest price in two weeks.
The world’s largest cryptocurrency suffered a major crash on March 12, falling from $7,900 down to $4,850, a decline of nearly 40% in 24 hours. The sharp fall was attributed to the outbreak and spread of the Coronavirus, with almost all major markets suffering as a result of the pandemic. Prices have recovered and stabilized since then, with

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Bitcoin Gains on Federal Reserve’s Continued Quantitative Easing Support

March 24, 2020

Bitcoin prices have risen 12% in the past 24 hours, following the US Federal Reserve’s announcement that they are further expanding their quantitative easing efforts. Two bills put forward by House Democrats have also suggested the introduction of a digital dollar and, even though the proposed currency would not be run on blockchain and would be controlled by the bank, it has given the cryptocurrency market some hope. At the time of writing, Bitcoin’s price was $6,750, the highest it has reached since March 12.
The Federal Open Market Committee announced yesterday that it would continue to expand its efforts “to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities.” The announcement means

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Bitcoin Continues Rally and Tests $7,000

March 20, 2020

Bitcoin has continued its rally with prices nearly reaching $7,000 earlier today, enabling the rest of the cryptocurrency market to turn green. Bitcoin SV has once again proved the pick of the bunch, adding more than 30% to its prices, but the majority of the top 50 coins by market capitalization have posted double-digit gains. Total market capitalization has remained up at around $190 billion. Major markets including the DOW and FTSE also made gains on the back of government incentives and legislation designed to ease financial suffering during the coronavirus outbreak. The pound has also continued to regain ground but, while oil showed some early positive signs, it is now trading down on the day. The Bank of America has announced that the USA is now officially in recession.
Bitcoin

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Bitcoin Price Tests $6,000 but Gains Are Eclipsed by Other Cryptocurrencies

March 19, 2020

Bitcoin has bounced back from some of its recent losses, adding nearly 15% compared to 24 hours ago and having tested the $6,000 level.
The increases come as other markets experience uncertainty over the coronavirus spread tempered by economic relief being offered by governments. The FTSE has risen on the back of interest rate cuts put forward by the Bank of England, also pushing the pound to recover some of its recent losses against the dollar and the euro. Other European markets have also posted increases following the announcement that the European Central Bank (ECB) is providing a 750 billion euro stimulus package. Market figures suggest that forex traders are cashing in all of their holdings, including those typically thought of as a safe haven, in order to hold dollars, while there

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Hope for Bitcoin Bulls As Cryptocurrency Market Turns Green

March 17, 2020

Bitcoin prices have bounced a little following the recent crash that briefly pushed prices down to $4,500. The rest of the cryptocurrency market is also showing green, although analysts are divided over digital gold’s next move as the FTSE 100 shows major signs of investor uncertainty and the DOW closed nearly 13% down yesterday.
More than 180,000 cases of the coronavirus Covid-19 have now been reported, although the actual figure is likely much higher. Businesses around the world are being forced to shut down while travel between countries has been heavily restricted. Airlines and retail businesses are suffering major losses as a result of the closures, and share prices reflect this. Trading in New York was halted again, yesterday, as automatic circuit breakers triggered. When the market

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Coronavirus Continues to Wreak Havoc on Cryptocurrency Market

March 16, 2020

All cryptocurrencies in the top 100 are showing red this morning, with the exception of stable coins tethered to the Euro. The loss comes as a result of the continued spread of the coronavirus Covid-19 and despite the US Federal Reserve announcing a $700 billion plan to support the economy. Investors are worried that the Reserve has no more moves to make when the virus worsens.
The coronavirus Covid-19 continues to dominate headlines and determine market movements. More than 160,000 cases have been reported around the world with more than 6,500 deaths now confirmed. Recent figures also show that there are more cases outside China than inside the country, for the first time since the outbreak began. Italy has seen more than 25,000 confirmed cases and 1,800 deaths while Iran has nearly

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