Since our last market update, Bitcoin hasn’t fared any better; just minutes ago (as of the time of this article’s writing), the cryptocurrency was trading at $7,700 — the lowest the asset has traded at since mid-January, amid the breakout that brought it as high as $10,500. This means that at the worst of the...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
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
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
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
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
As Bitcoin has collapsed over the past day, so too has Ripple’s XRP. Since peaking at around $0.34 last week on the back of FOMO buying, the popular altcoin, the third-largest cryptocurrency by market capitalization, has plunged as low as $0.26 — a drop of around 25%. Ouch. While the cryptocurrency has already plunged heavy,...Read More
Over the past few days, Bitcoin (BTC) has shown signs that the bottom is in.For instance, prominent trader Filb Filb noted in a recent newsletter that the cryptocurrency bounced off the “miner’s bottom,” the price at which the average cryptocurrency breaks even when mining BTC. This is notable as the crypto market bottomed when Bitcoin interacted...Read More
