Ethereum and the aggregated cryptocurrency market is currently experiencing a bloodbath, with ETH and most other major altcoins plummeting over 10% as Bitcoin teeters above a critical support level that is beginning to look incredibly weak. This grim price action has done severe damage to the bullish market structures formed by many cryptocurrencies throughout the...Read More
Bitcoin’s recent turbulence has come fresh on the heels of the cryptocurrency’s intense bull rally seen throughout the past couple of months, with buyers propelling the crypto from lows of $6,800 to highs of $10,500. Unfortunately for bulls, the resistance BTC has found within the $10,000 region has been insurmountable, leading the cryptocurrency to face...Read More
Hey there, welcome to the cryptocurrency forecast for the year 2020. Let’s dive in to know further. The crypto industry is facing a lot of Ups and downs recently. The year 2019 cannot be fully termed as bearish or bullish as the cryptocurrency market experienced both these trends. However, November sees most of the currencies...Read More
The recent volatility in the cryptocurrency markets hasn’t done much to fend off Bitcoin bulls. In fact, in two recent interviews with mainstream media, two of the industry’s most powerful executives and investors separately confirmed that they think the price of BTC will surpass $100,000 in the coming years. As crazy as they may sound...Read More
Ethereum has been caught within the throes of immense bearishness over the past couple of days, with sellers leading the cryptocurrency to underperform Bitcoin is it smashes through key support level that had been developed throughout the course of its intense 2020 uptrend. Analysts are now noting that the current selloff may cut significantly deeper,...Read More
Bitcoin has seen some bear-favoring turbulence over the past week, with its recent break below $10,000 sparking a bout of capitulation that led it to lows of $9,200, from which point it has struggled to garner any sustainable upwards momentum. This intense selling pressure has cause BTC bulls to cave in, as they are currently...Read More
Over the past few hours, Bitcoin (BTC) has started to tank lower once again, reaching $9,350 just an hour or two ago on some exchanges. The asset has since seen a slight bounce, returning to $9,400. This means that in the past 24 hours, the price of the leading cryptocurrency has fallen by 3.25%, crushed...Read More
If you’ve read the most popular “Bitcoin” and “crypto” headlines, you likely know that for the first time in what must be a year, legendary investor Warren Buffett decided to weigh in on this nascent market. the CEO of Berkshire Hathaway, a conglomerate with major stakes (and some ownership stakes) in some of America’s most...Read More
Unfortunately for bulls, Bitcoin’s surge to $10,000 on the weekend did not last. Case in point: on Monday, the cryptocurrency started to tank for the umpteenth time, plunging as low as $9,490 on some exchanges as bears managed to take control of the market once again. While BTC remains up over 30% since the year...Read More
Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and has had impacts on...Read More
Earlier this year Tron founder Justin Sun held a widely watched dinner meeting with investing legend Warren Buffet. This dinner came about as the result of the crypto company winning a multi-million-dollar charity auction. During the dinner, Sun and multiple other prominent figures within the blockchain industry discussed the promise of DLT technology, and supposedly...Read More
Over the past 36 hours, Bitcoin has finally started to show signs of strength after the brutal 10% sell-off earlier this week. From the week’s most traded price at $9,600, the cryptocurrency has pressed higher to $10,000 as of the time of writing this, seemingly to establish a short-term candle close above this crucial psychological...Read More
In just a few months’ time, Bitcoin will see what is known as a halving, a once-every-four-years event which sees the asset’s inflation cut in half, skewing the supply-demand dynamic in favor of bulls. This cyclical event previously marked the start of some of the crypto market’s parabolic rallies, during which the price of BTC...Read More
The past few days haven’t been kind to the crypto markets. After peaking last week, market leaders Bitcoin, Ethereum, and Ripple’s XRP and smaller altcoins saw their values tank. XRP, unfortunately, was hit especially hard, perhaps because it has seen an especially strong rally over the past eight weeks. The asset was hit so hard...Read More
The month of February has been great for altcoins, with many smaller cryptos seeing intense upwards momentum that has allowed some to set fresh all-time highs, while others post significant gains against Bitcoin. This upwards momentum seen amongst many altcoins has led investors and analysts alike to grow increasingly keen on finding the next altcoin...Read More
Bitcoin and the aggregated cryptocurrency market have incurred some notable upwards momentum overnight, allowing many altcoins to surge and put some significant distance between their recent lows. This momentum, however, may be short-lived as analysts closely watch to see how Bitcoin’s dominance over the market reacts to a key level, as a bounce at its...Read More
Bitcoin and the aggregated cryptocurrency market have incurred some notable upwards momentum overnight, allowing many altcoins to surge and put some significant distance between their recent lows. This momentum, however, may be short-lived as analysts closely watch to see how Bitcoin’s dominance over the market reacts to a key level, as a bounce at its...Read More
Bitcoin’s total supply gets distributed among more addresses as its network matures over time. At the same time, some notable altcoins have up to 95% of their total supply held by several large addresses. This information came from a report gathered by the popular monitoring resource – coinmetrics. By examining numerous variables of data, the...Read More
Over the past day, the crypto market has effectively flatlined. Per data from CoinMarketCap, Bitcoin has gained 0.12% in the past 24 hours, and Ethereum has shed 0.6%. Despite this consolidation, there are signs that the market is about to break out after Saturday’s non-action, most likely in the upward direction. A Breakout is Building...Read More
Bitcoin has once again started to show signs of recovery. In the past hour, the price of the leading cryptocurrency has exploded higher, from the daily low around $9,650 to as high as $9,040, a jump of 3%. While this move has not yet been sustained on a weekly basis, analysts say that this recovery...Read More
While Bitcoin and crypto is largely a movement to disempower institutions and to put power back in the hands of regular people, there has been a space-wide focus on getting institutions involved in this industry. The thesis with this antithetical move is that institutional involvement in cryptocurrency: the world’s biggest firms and investors dabbling in...Read More
Ethereum, despite what some readers may think, did not see a positive 2019. In fact, the cryptocurrency plummeted, actually registering a yearly loss in 2019, dramatically underperforming Bitcoin’s gains of nearly 100%. This meant that the market for ETH/BTC fell off a cliff, with the price of one Ether falling as low as 0.016 BTC...Read More
XRP Could Plunge, Analyst Warns After Brutal Rejection Above $0.34 Last week, XRP saw a brutal rejection above the $0.34 price point, falling off a cliff all the way to $0.265 as Bitcoin saw a similar rejection at the $10,500 resistance. According to full-time cryptocurrency trader Cold Blooded Shiller, this rejection could spell disaster for...Read More
Over the past two days, the crypto market hasn’t fared too well. After peaking last week, the prices of digital assets across the board have tanked. XRP, the third-largest cryptocurrency by market capitalization, tanked from the multi-month high just a smidgen above $0.34 to as low as $0.265 — a hurting loss of over 25%....Read More
Ethereum has been caught within some turbulence over the past week, with its price action largely mirroring that of Bitcoin and the aggregated crypto market. Earlier this week, ETH plummeted from its recent highs of $280 to lows of $250, before finding some strong buying pressure that has allowed it to climb back to its...Read More
Bitcoin’s recent price action has made it incredibly unclear as to where the cryptocurrency could be positioned to move next, with its recent drop below $10,000 suggesting that bulls do not have enough strength to surmount the resistance that exists around this price level. In the near-term, Bitcoin’s bullish reaction to its recent drop to...Read More
Ethereum‘s 12.43 percent drop on 19 February led to an unexpected slump from $283.82, all the way down to $252.14. Major support levels at $274.81, $270.84, $262.10, all turned to become resistance for a brief period. The pullback continued till 12:00 UTC on 20 February, after which the price underwent some recovery. According to CoinMarketCap,...Read More
Bitcoin really hasn’t done too well over the past day or two. As detailed in previous market updates from Ethereum World News, the price of the leading cryptocurrency has been subject to extreme volatility, falling from $10,300 to as low as $9,200 (on some exchanges) in the span of a few hours. This dramatic move lower...Read More
Last weekend, the world’s Ethereum fanatics, developers, founders, and companies descended on Denver, Colorado to discuss developments regarding their favorite blockchain. The event they were attending was ETH Denver, a hackathon and convention for all things Ethereum. While the premise of the event was centered around the second-largest blockchain (by its native cryptocurrency’s market capitalization),...Read More
XRP hasn’t done too well ever since finding a local top last week. Since peaking at $0.34, the price of the leading cryptocurrency has fallen off dramatically, tanking over 20% to as low as $0.265 or so on Wednesday. Despite this strong pullback, there remain many analysts that expect for XRP to surge even higher...Read More
