Silver and Gold Ruled the August Roost but How Did Bitcoin Fare?

Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. | Source: Shutterstock; Edited by CCN Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. After several years of sideways price action, commodity bulls may finally be ready to break out the champagne. According to German market commentator Holger Zschaepitz, silver outshined its big brother by an impressive 5% to record a solid 13% gain in the…

Global Stock Markets’ Aghast August Dumped 17x Bitcoin’s Market Cap – CCN Markets

A brutal August makes a notable setback for markets home and abroad. | Source: Shutterstock By CCN Markets: August was a brutal month for investors across the world. Global stock markets shed $3 trillion as a dirty cocktail of recession warnings and trade war escalation rocked the markets. To put that into perspective, $3 trillion is 17 times larger than the entire market capitalization of bitcoin, all wiped out in a month. It’s a reminder that bitcoin’s market cap is still a drop in the ocean. A tiny, nascent asset…

Bitcoin Extend Gains as US-China Tariffs Take its Toll

Bitcoin posted modest gains in its September debut as the US introduced additional tariffs of 15 percent on $112 billion of Chinese goods. Bitcoin trending higher gradually | Image Credits: TradingView.com The benchmark cryptocurrency added 0.20 percent to trade at $9,800 in early Monday morning, bringing its local net rebound up by as much as 5.8 percent – as measured from Friday’s low of $9,321.73. The first signs of a positive month followed three weeks of depression, wherein the bitcoin erased about $2,300 off its spot rate. Long traders called it…

Binance Launches Two Crypto Futures Platforms for User Testing

Cryptocurrency exchange Binance has launched not one, but two test platforms for its planned crypto futures products. Dubbed Futures A and Futures B, the new testnets are now open for users to play with using dummy assets, with new competitions to encourage traders to get involved. On Monday, Binance announced on its website that users will be able to vote for their favorite futures testnet. As for the competitions, Binance said it will award prizes totaling 10,000 Binance coin (BNB) – worth around $215,700 at press time – for each platform.…

Bitcoin Price (BTC) Watch: Here Is Why Upsides Could Be Capped

Bitcoin price is currently correcting higher and is trading above $9,650 against the US Dollar. The price is struggling to break the $9,800 and $9,880 resistance levels. There is a major bearish trend line forming with resistance near $9,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could only turn bullish after it captures the $9,900 and $10,000 resistance levels. Bitcoin price is facing a lot of barriers near $9,900 and $10,000 against the US Dollar. BTC could trim recent gains if it fails…