While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But...Read More
30 billion XLM allocated; 9 billion XLM in escrow. The Stellar Development Foundation (SDF) has published a mandate that outlines its plans for future spending. SDF currently holds 30 billion Stellar lumens (XLM), an amount roughly equivalent to $1.3 billion. The company is tasked with spending those funds on growing Stellar — primarily in the...Read More
In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher.Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve. He went as far as to say that Bitcoin...Read More
You’ve likely heard the term “echo bubble” tossed about in relation to Bitcoin over the past couple of months. For instance, hedge fund manager Mark Dow, an investor that shorted BTC when it traded at $20,000 in December 2017, recently quipped that the leading crypto is in a “textbook echo bubble.” This came shortly after...Read More
This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to...Read More
CryptoCompare‘s November review showed a significant interest in crypto derivatives trading. While regulated bitcoin futures and options on CME are up 35.2 percent since last month, more volume was traded on crypto exchanges, with OKEx reporting a total monthly derivatives volume of $91.5 billion. Derivatives trading becoming more and more popular both among institutional and...Read More
Optimism is currently a word forgotten from Bitcoin‘s dictionary! Since November, the largest digital asset has faced substantial volatility in the market, and it is fair to say, the altcoin market cap was equally affected as well. Ethereum registered a drop of over 8 percent on 17th December, causing the 2nd largest crypto to shed...Read More
As 2019 nears its end, crypto proponents in the digital asset industry are already vocal about their speculation on Bitcoin’s price in 2020. Over the past twelve months, Bitcoin registered a year-to-date high at $13,800 on 26th June but the ongoing market corrections caused the valuation to slump by 50 percent. The price swing dampened...Read More
An unknown investor sold more than $10 million worth of bitcoin at the price of $7.125 on BitMEX, the biggest cryptocurrency margin trading platform.Yet, the bitcoin price is currently holding firm at $7,135. It suggests that the market absorbed the 8-figure dump relatively quickly.BitMEX $BTC Whale:$10,000,000 worth of #Bitcoin sold at $7,125.32 09:21:59 2019/12/20| ??????????????????????????????????????????????????????????????????????...Read More
Bitcoin price is consolidating gains above the key $7,000 support area against the US Dollar.The price could dip towards the $6,960 support before it starts a fresh increase.There is a short term contracting triangle forming with resistance near $7,135 on the hourly chart of the BTC/USD pair (data feed from Kraken).The bulls need to gain...Read More
The total crypto market cap is likely preparing for the next move above $190.0B.Bitcoin price is holding the main $7,000 pivot level and consolidating gains.Litecoin (LTC) price is currently struggling to settle above the $40.00 region.Bitcoin cash price is consolidating near the $185 level, with hurdles near $192 and $195.EOS price is likely to slowly...Read More
Ripple price is still trading in the red zone below the $0.2000 resistance against the US dollar.The price is declining and it could soon break the $0.1840 support area to continue lower.This week’s key bearish trend line is still active with resistance near $0.2055 on the hourly chart of the XRP/USD pair (data source from...Read More
Central Banks across the globe are considering their own digital currencies to contend with unregulated cryptocurrencies such as Bitcoin. In reality, these are far from implementation. The noticeable uptick in media attention toward Central Bank Digital Currencies (CBDCs) — especially after Zuckerberg’s testimony on Libra before Congress, and Christine Lagarde’s acknowledgment of the “clear demand”...Read More
2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st.Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: AnalystAn interesting trend to watch this year has been gold’s strong...Read More
A sudden bounce back led bitcoin to register its biggest daily gain in seven weeks.Earlier this week, the cryptocurrency had fallen by up to 9.91 percent on Coinbase exchange.The latest push upwards flashes an interim bullish setup.Bitcoin on Wednesday surged by more than 10 percent to register its biggest daily gain since October 25.The leading...Read More
Bitcoin price reversed its losses and settled above $7,000 against the US Dollar.The price rallied close to the $7,500 resistance area, where sellers emerged.Earlier, there was a break above a key bearish trend line with resistance near $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).A correction is underway, but there...Read More
Ripple price is currently correcting higher from the $0.1741 low against the US dollar.It seems like the bulls are struggling to clear the $0.2000 resistance area.Yesterday’s highlighted major bearish trend line is active with resistance near $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken).Bitcoin rallied more than 10% and Ethereum...Read More
Ethereum is up more than 8% from the recent low of $115 against the US Dollar.The price is showing signs of a trend reversal, but it must surpass $135.Earlier, there was a break above a connecting bearish trend line with resistance near $122 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin rallied more...Read More
People who believe bitcoin is currently in a bull market just because it avoided a drop below $6,400 are wrong, according to Alex Krüger.The prominent market analyst made bold comments about halving, an event that would reduce the bitcoin mining reward from 12.5 BTC to 6.25 BTC effectively from May 2020. Krüger refuted popular price...Read More
Ripple’s native asset XRP fell into an extreme negative area this Wednesday as investors pulled billions of dollars out of the entire cryptocurrency market.The XRP-to-dollar exchange rate established an intraday low of $0.174 on BitStamp around 1300 UTC. That brought the pair down by 4.39 percent from the market open. At the same time, the...Read More
The head of the privacy-centric altcoin Monero is stepping down after leading the project since its inception. The news comes at a time when XMR is down 60 percent after peaking at $121 in June. Fluffypony steps down In a blog post, the Monero Core Team announced that Riccardo Spagni, known as fluffypony in the...Read More
Bitcoin has closed below its long-term support as it dropped to $6,430 on BitMEX.The breakdown brings the cryptocurrency’s 200-weekly moving average in view as the next pullback target.The said MA in December 2018 had capped the asset’s downtrend from flourishing.As of now, it sits near the lower-$5,000 levels.Bitcoin risks plunging to its eight-month low after...Read More
A new report from Binance Research shows that many bitcoin miners have been mining Bitcoin SV and BCH to some extent with significantly lower profitability. Other than political reasons, the firm said that non-economic factors contributed to it.Had many miners that focused on BTC over Bitcoin SV and BCH in the same period, the research...Read More
Bitcoin price is extending losses below the $6,800 support area against the US Dollar.A crucial support is waiting on the downside near $6,500 and $6,200.There is a new connecting bearish trend line forming with resistance near $6,740 on the hourly chart of the BTC/USD pair (data feed from Kraken).The bears are in control, but the...Read More
Ripple price is diving below $0.1900 and it recently traded to a new 2-year low against the US dollar.It broke a significant support, opening the doors for further losses below $0.1800.There is a key bearish trend line forming with resistance near $0.2100 on the 4-hours chart of the XRP/USD pair (data source from Kraken).BTC and...Read More
Ethereum is down 5% again today and it broke the $130 support area against the US Dollar.The price is now trading near key support levels such as $120 and $122.There is a short term bearish trend line forming with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken).The price could start...Read More
With Bitcoin collapsing by 5% in the past days, moving from $7,150 to $6,750 as of the time of writing this, traders have once again flipped decidedly bearish on cryptocurrencies.Related Reading: Could Post Crypto Bubble Bitcoin Follow Dot Com Crash NASDAQ Chart?They fear that this latest move under the key support of $7,000 will precede...Read More
The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.In recent months, as seen in the balance sheet of major mining...Read More
Sorry bulls, bears won’t give you any reprieve. On Tuesday, Bitcoin (BTC) continued to tank, perpetuating a downward trend established on Monday after the cryptocurrency fell from $7,150 to $6,800 in the span of a few minutes. Related Reading: Bitcoin Futures Gap Exists at $11,800; Can Bulls Fill the Gap?As of the time of writing this,...Read More
On Monday, the Bitcoin (BTC) price started to falter. After trading above $7,000 for days on end — a consolidation that forced volatility levels to hit multi-month lows— the cryptocurrency slipped on Monday morning, falling from $7,100 to $6,800 in three five-minute candles, catching many traders with their proverbial pants down.Despite the fact that the...Read More
