Ripple turned bearish after losing 17% to reach a key demand level at $0.175 There’s no bullish sign for XRP at the moment as bears show more interest Against Bitcoin, Ripple dropped to a new monthly low at 2130 SAT level XRP/USD: Ripple Drops To $0.175 Key Resistance Levels: $0.20, $0.222, $0.235 Key Support Levels:...Read More
Bitcoin’s halving is estimated to take place in less than a day, and transaction fees are surging. This is indicative of users willing to pay a premium for their transactions to be prioritized and also of the increased number of unconfirmed transactions. Bitcoin Transaction Fees Above $3 Transaction fees on Bitcoin’s network have been increasing...Read More
With only two days left to the third halving, severe levels of volatility reached the cryptocurrency market, and Bitcoin plunged by 20% in a matter of hours. Similar price developments transpired back in July 2016 when, again, two days before the second halving, BTC dropped by 11%. History On Track In 2016 and 2020 As...Read More
This was one of the worst days for Bitcoin’s price over the past years. Starting yesterday just one step away from the $10K mark, Bitcoin saw an intraday crash to below $8000, before a slight recovery. At some point, the daily candle reached almost 20% in the negative. Anyone who knows Bitcoin can’t say it’s...Read More
Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated. As of writing these lines, the price of...Read More
Bitcoin Cash is facing two months resistance level at $280, but bulls are not giving up After finding support against BTC, Bitcoin Cash started to show recovery towards March level BCH/USD: Bitcoin Cash Poised For Breakout Key Resistance Levels: $279, $300, $322 Key Support Levels: $236, $215, $200 BCH/USD. Source: TradingView Bitcoin Cash saw a...Read More
MyEtherWallet is among the most popular and veteran wallets for storing ETH and ERC-20 tokens, which are Ethereum blockchain-based. Besides the well-known web wallet, MyEther had recently launched a mobile app, available for both Android and iOS devices. MyEtherWallet or MEW Wallet app allows users to buy and send cryptocurrencies quickly and on-the-go. Users can get...Read More
Bitcoin is currently down by 1.5% after a surging to $10,000 mark on Thursday, but a rebound could be underway. The primary cryptocurrency is looking for a substantial rebound level around $9,400 Key Resistance Levels: $9,800, $10,000, $10,475, $10,970 Key Support Levels: $9,450, $9,100, $9,000, $8,500 BTC/USD 1D. Source: TradingViewBitcoin’s recovery from the March crash...Read More
The past couple of months have been nothing but a wild ride for Bitcoin. In the middle of March, when the coronavirus started to spread in the Western World, and markets reacted swiftly, BTC lost more than 40% and tumbled to $3,600. Now, less than two months later, the price is not only fully recovered...Read More
0x (ZRX) gained 143% against the dollar leading into Friday, May 8. The price surge comes after announcing weekly staking payouts, and potentially getting a fortuitous ‘Ethereum rub’ from Vitalik Buterin. Notably, on May 7, the 0x community voted in favor of a proposal that would cut the regularity of staking payouts from 10 days...Read More
Bitcoin Bitcoin saw an impressive 11.5% price surge over the past 7 days of trading as the cryptocurrency manages to reach as high as $10,000 again. During the week, the coin managed to break above the previous resistance at $9,000 and continued above further resistance at $9,426 and $9,815 to reach the $10,000 level. Looking...Read More
The majority of Bitcoin holdings are currently in a profitable position following the recent rally of the largest cryptocurrency by market capitalization, data from on-chain data provider Glassnode shows. The UTXO Realized Price Distribution (URPD) metric from the data firm puts the proportion of the moneymaking Bitcoin at 81%. What Is UTXO Realized Price Distribution...Read More
Only four days left until the Bitcoin halving event. This by itself could have been enough to fuel the primary cryptocurrency beyond the $10,000 mark. Maybe it happened faster than expected, Bitcoin just reached the 5-digit mark for the first time since February 24, 2020. As of writing these lines, BTC completes an incredible 35%...Read More
The popular American hedge fund manager, Paul Tudor Jones II, said that he is buying Bitcoin amid the growing trend amongst world central banks to print excessive amounts of money. He added that the hedge fund he founded in 1980, Tudor Investment Corporation (Tudor BVI), could start allocating portions of its assets in Bitcoin futures....Read More
Binance Coin is currently positioned in a downward direction. BNB may regain momentum if buying volume continues to increase again. The price dropped beneath 7-month support following a considerable selling pressure from 0.0023 BTC. BNB/USD: Binance Coin Remains Under Correction Key Resistance Levels: $18.7 Key Support Levels: $16, $14.9 BNB/USD. Source: TradingView Following the latest...Read More
Millions of US citizens received a stimulus check worth $1,200 in the last few weeks as government aid to fight the effects prompted by the COVID-19. Interestingly, if that amount was invested in Bitcoin when the first checks were initially received, it would have grown to $1,600 by now. $1,200 Becomes $1,600 In Weeks According...Read More
As we are getting closer to the halving event, Bitcoin is likely to mark its third consecutive green day, where the primary cryptocurrency had increased more than $1000 over the past four days. As of writing these lines, it seems like $10K will come in a matter of hours. If you had followed our price...Read More
XRP saw a 1.5% price increase over the past 24 hours as the coin trades at $0.215. The cryptocurrency is straddling the 100-day EMA as it battles to remain above it. Against Bitcoin, XRP set a fresh 2-year low as it reaches the 2300 SAT level. Key Support & Resistance Levels XRP/USD: Support: $0.21, $0.20,...Read More
Bitcoin has come a long way since it was first introduced to the world when its pseudonymous creator Satoshi Nakamoto published the whitepaper. In its first days of trading in 2010, BTC had a price of around $0.003. To those who have been in the market long enough, this price seems like that of many...Read More
A record-breaking number of 210 Bitcoin options contracts were traded yesterday on the Chicago Mercantile Exchange, which set up a new all-time high of nearly $10m. Of the total amount, 202 contracts were May calls (bullish), while 8 were May puts (bearish). CME Bitcoin Options Volume On The Rise CME launched options on Bitcoin in...Read More
Tezos is starting to show strength, but the current gain is not enough to catalyze any bullish momentum. While Tezos saw a small increase for some days, the price continued to drop against Bitcoin. Tezos found weekly support at $2.6 after witnessing a small recovery. XTZ/USD: Tezos Locates Temporary Support At $2.6 Key Resistance Levels:...Read More
Ethereum saw a 1% price hike today as the coin rises to the $208 level. It still needs to take out the $220 resistance to be able to push higher. Against Bitcoin, ETH continues to struggle as it breaks beneath the 200-days EMA support level. Key Support & Resistance Levels ETH/USD: Support: $200, $194, $187....Read More
Bitcoin’s price has been recovering steadily since the crash in mid-March. With it, most of the altcoins are also growing, charting notable increases altogether. However, BTC is also taking over the market as its dominance has been going up continuously. Bitcoin Dominance Highest Since January 2020 Bitcoin’s dominance is the index that measures the cryptocurrency’s...Read More
Over the past two days, Bitcoin price seems to be consolidated in a triangle pattern, as can be seen below on the following shorter timeframe chart (the 4-hour). The symmetrical triangle consolidates around the $9000 benchmark, where its apex is anticipated somewhere in the next day. However, as we learned before, Bitcoin might break of...Read More
Some of the most popular cryptocurrency-related channels on YouTube indicated that the giant video platform is shadowbanning Bitcoin videos. Several YouTubers complained that the new practice began two days ago, which coincides with a recent core update from Google. YouTube Reportedly Shadowbanning Bitcoin Videos The most widely used video-sharing platform has a continuous quarrel with...Read More
Despite the ongoing correction, Link remained relatively stable today. The price is likely to bounce back if the channel’s lower boundary continues to act as support. Chainlink would continue to correct downward as long as selling volume increases in the market. LINK/USD: Chainlink Struggles Under $4 Key Resistance Levels: $4, $4.5, $4.98 Key Support Levels:...Read More
Ethereum saw another 1% price decline today as it falls to $203. The coin struggled with the resistance at $220 during the weekend, which caused it to roll over. Against Bitcoin, Ethereum has been struggling heavily as it crashed into the 200-days EMA support at 0.0227 BTC. Key Support & Resistance Levels ETH/USD: Support: $200,...Read More
Polls surveying over 15,000 people suggest that the majority believe Bitcoin’s price is likely to dump as the halving happens and skyrocket later on. This coincides with the behavior of the cryptocurrency following the previous halvings. Mooning Postponed, Bitcoin Will Dump At Halving A few well-known members of the cryptocurrency community recently initiated polls to...Read More
A new analysis implies an inverse correlation between the price of Bitcoin and the total supply of USDT on cryptocurrency exchanges. According to it, the declining amount of Tether sitting on exchanges could soon propel another increase in BTC’s price. Bitcoin’s Price Related To USDT On Exchanges? New data compiled by the cryptocurrency monitoring company,...Read More
Days before the third-ever Bitcoin halving, the interest towards the primary cryptocurrency has surged, according to Google trends. The phrase “buy Bitcoin” is getting very close to the previous two-year high levels of June 2019’s bull-run and the March 12 dump of this year. Buy Bitcoin Search Volume Increases Significant attention is heading Bitcoin’s way,...Read More
