After falling as low as $8,400 on the weekend, Bitcoin has mounted a strong recovery over the past few days. Just recently, the cryptocurrency breached $9,000 for the first time in days, now trading at $9,130 as of the time of this article’s writing (TradingView chart can be seen below illustrating this price action). This...Read More
Ethereum has been able to post some decent gains today, with its latest rally coming close on the heels of Bitcoin’s surge past $9,000. This momentum has allowed ETH to climb into the $230 region, although it has slightly underperformed BTC over the past 24-hours. Analysts are now noting that Ethereum could be positioned for...Read More
Bitcoin saw a notable breakout today after being caught within a prolonged bout of sideways trading over the past several days and weeks, with today’s upwards movement bolstering the cryptocurrency’s market structure. One prominent trader is now that he believes that the cryptocurrency is bound to see further upside due to it breaking above the...Read More
Ever since tapping multi-week lows on the weekend, the crypto market has embarked on a recovery. XRP, having traded as low as $0.22 last week is now at $0.241, rallying alongside Bitcoin, which has retaken $9,000 as of the time of this article’s writing, per data from CoinMarketCap. Despite this, a prominent cryptocurrency trader, who...Read More
With Ethereum (ETH) price consolidating over the last couple of weeks, top holders of the second largest cryptocurrency have been filling their bags with more coins, according to new data from Santiment, an on-chain metrics provider. According to the report, the largest 100 Ether wallet addresses have started accumulating higher percentages of the token’s total...Read More
The sudden change in market sentiment pumped the price of Bitcoin over its psychological $9k barrier and like the pied piper it is, the rest of the crypto-market followed its lead. Ethereum [ETH], the The post Ethereum’s top holders begin accumulation; market suspects boost in value appeared first on AMBCrypto. The post appeared first on...Read More
Revolutionary technologies are inherently controversial. This was proven true just this week when the CEO of Ripple Labs, Brad Garlinghouse, bashed Bitcoin and Ethereum in a direct tweet, sparking discourse. The reason? Garlinghouse thinks that the cryptocurrencies’ mining mechanism, which sees miners contribute computational resources to secure the blockchain, is wasteful and a threat to...Read More
Ethereum’s price action over the past few days has been lackluster, with the cryptocurrency trending sideways as Bitcoin and the aggregated crypto market struggle to establish a decisive short-term trend. One top analyst is now noting that he believes ETH will dip lower before finding any significant support, but bulls could invalidate this bearishness if...Read More
Bitcoin’s price action over the past couple of weeks has made it incredibly unclear as to whether or not the uptrend it has seen throughout 2020 is more than just a fleeting attempt to rally. Now, BTC’s ongoing bout of sideways trading comes just a couple of months before what one analyst is describing as...Read More
While Bitcoin has been defined as a non-security by the Securities and Exchange Commission (SEC), the regulatory status of XRP, the third-largest cryptocurrency, is still up in the air. The cryptocurrency being found as a security could, as fintech upstart Ripple put it, “upend and threaten to destroy the established XRP market more broadly.” Despite...Read More
Since bottoming around $0.17 in December, XRP has performed well, rallying 35% to $0.23, where the cryptocurrency sits as of the time of writing this. While 35% is not a two-month return to scoff at, the long-term chart of XRP printed a bearish signal in February. XRP Fails to Retake Key Horizontal: Bearish Despite the...Read More
It’s no secret that Elon Musk’s Twitter feed is weird, to say the least; his activities on the platform are eccentric, with the tweet being published representing some of the Tesla CEO’s quirkiest and funniest thoughts. This was proven to be true on March 3rd, when he published the below tweet, professing his love for...Read More
While Bitcoin has seen its fair share of rallies over the past 15 months, analysts are not yet convinced the cryptocurrency is in a full-blown bull market. Though, one key metric suggests that the bull run is right on the horizon. Crypto Bull Run is About to Begin, Analysis of Key Metric Shows According to...Read More
After an attempt to break through the multi-week low of $8,400 this weekend, Bitcoin bounced back. Hard. Over the past 24 hours, the cryptocurrency has surged higher from $8,600 to as high as $8,970, nearing $9,000 for the first time since the brutal breakdown on February 26th. Below, the recent price action can be seen....Read More
If you’ve been in the crypto industry for a while now, you likely know of the controversy regarding XRP, specifically that fintech upstart Ripple owns a large portion of the cryptocurrency. While the company pledges to not have made the cryptocurrency, it undoubtedly owns a large sum of the asset, which is released from escrow...Read More
Bitcoin’s turbulent price action seen throughout 2020 has primarily favored bears over the past week, with the cryptocurrency’s recent rejection at $10,000 sparking an intense downtrend that led it as low as $8,400. In the time following this intense selloff, however, the cryptocurrency’s bulls have been able to garner some strength, leading Bitcoin to rally...Read More
For years, crypto financial services firms across the U.S. have been trying their hand at launching publicly-traded Bitcoin funds (ETFs). Unfortunately for these hopefuls, the U.S. Securities and Exchange Commission (SEC) has long not agreed with these firms’ assertions that the cryptocurrency market is ready for its own regulated, tradable fund. This was confirmed to...Read More
Joel Kruger, currency strategist at LMAX Group, in December 2018 remarked that he expects for Bitcoin to end 2019 between $5,000 and $8,000. And that it did, with the cryptocurrency ending the year right around the upper-middle of that range in the low-$7,000s. The analyst recently sat down with cryptocurrency media outlet BlockTV to talk where he...Read More
XRP In Danger? While XRP has already performed fairly poorly over the past 15 days, falling from a high above $0.30 to $0.23 as of the time of writing this, some have begun to fear the cryptocurrency’s prospects are worsening. BlockTV cryptocurrency analyst Joe Saz recently shared his thoughts on a recent airing of the network....Read More
Over the past few days, Bitcoin has finally stabilized after the strong price crash seen on Sunday through Wednesday that took BTC from $10,000 to $8,400. While some analysts fear that this consolidation is a precursor to another leg lower, referencing the fact that assets never trend in a straight line, there’s a case building...Read More
The aggregated crypto market has been caught within a firm downtrend over the past several days and weeks, but one top crypto has been able to buck this trend, rallying to fresh all-time highs against its Bitcoin trading pair yesterday before incurring a selloff today. Today’s selloff has led Chainlink – the best performing cryptocurrency...Read More
Altcoins have been shedding a significant amount of their value over the past several days and weeks, with the recent Bitcoin selloff sending shockwaves throughout the aggregated cryptocurrency market. Analysts are now noting that Bitcoin is currently trading just a hair above a critical support level, with a continued defense of this level potentially opening...Read More
Ethereum, like Bitcoin, is stuck with its price trying to decide which way to move. The brutal sell-off that began on February 24 ended with most altcoins dead in the water. ETH rose 126% since 2020, The post Ethereum at crossroads: 11% surge Vs. multiple bearish scenarios appeared first on AMBCrypto. The post appeared first...Read More
While XRP has already performed fairly poorly over the past seven days, some have begun to fear the cryptocurrency’s prospects are worsening with news that $230 million worth of XRP was unlocked from Ripple’s escrow wallet. For instance, BlockTV crypto analyst Joe Saz wrote: “Either way it’s bad. They send back to escrow to maintain...Read More
Over the past few months, news of the coronavirus-caused illness COVID-19 has spread around the world. Unsurprisingly, it has affected crypto and the broader tech industry due to how widespread the illness has become. Coronavirus Affects Crypto Events; Tron Conference Latest to Fall While COVID-19 began in China, the illness has rapidly spread around the world,...Read More
While it is hard to cyber-attack Bitcoin and other crypto asset networks, you can more easily cyber-attack companies in the space. This was proven true over the past 48 hours, with two exchanges recently revealing that they’ve been subject to a denial-of-service attack, suggesting some shenanigans going on in the backdrop of the crypto market....Read More
As the Bitcoin market has once again become frothy, the amount of retail interest in cryptocurrency has grown once again, with volumes increasing and Google Trends data suggesting this industry is in vogue. Unsurprisingly, mainstream media outlets have sprung to start covering Bitcoin developments once again, calling upon industry executives and investors to weigh in...Read More
The aggregated cryptocurrency market has been closely following Bitcoin over the past couple of weeks, with altcoins slightly underperforming BTC during bearish trends, and outperforming the benchmark crypto during uptrends. Over the past few days, the market-wide trend has been overwhelmingly bearish, with Bitcoin’s break below its key support at $9,500 yesterday sparking a selloff...Read More
Over the past few days, Bitcoin has fallen off a proverbial cliff. Contrary to the sentiment of many investors, the cryptocurrency fell through support levels as if they were nothing more than a knife going through hot bricks of butter. At the drop’s worst on Wednesday, BTC was trading at $8,520 on some exchanges. This...Read More
While Bitcoin remains up in 2019, outperforming effectively all other assets except for altcoins and Tesla, market participants have been scared by the recent reversal. In fact, one popular cryptocurrency trader, who called the bearish reversal quite well over the past few days, has warned that the macro BTC bottom might not have been established...Read More
