Tezos undergoes a correction across its trading pairs as buyers wait to reiterate actions. A strong rebound at the ascending trend line would validate a continuation for XTZ bulls. The price is trading near a key psychological level, but bears are looking for more gains. XTZ/USD: Tezos Correcting At 7-Week Trend Line Key Resistance Levels:...Read More
After reaching over $9400 a few days ago, the Bitcoin price corrected down to the Golden Fibonacci level at $8400, and since then, BTC is trading mostly around the $8600 price range. As can be seen on the following 4-hour chart, there is a lower highs trajectory on the short-term timeframe, getting closer to the...Read More
Zilliqa ( ZIL) price has had good Progress this week, the ZIL traded at $0.005207 last Monday and has been performing well since then. Currently trading at 0.007293 against USD with 17% high over the last 24 hours, This Asset has an all-time high price of $0.231489 USD in May 2018 and all-time low was...Read More
Bitcoin intelligence, data, and analytics firm Glassnode found the Bitcoin hash rate hit a new all-time high over the weekend, ten days before the Bitcoin halving event. In other words, miners are putting more computational power into maintaining the Bitcoin network. Because miners must venture electricity and capital intensive computer processors to mine Bitcoin, the...Read More
The novel COVID-19 pandemic disrupted gold distribution in Q1 2020, while the demand saw a serious increase, primarily in the west. At the same time, most central banks continued amassing large quantities of the precious metal. Gold Demand During The COVID-19 Crisis With the unexpected outbreak of the COVID-19 pandemic at the start of the...Read More
Ethereum saw a 1% price decline over the past 24 hours of trading as it drops to the $210 price area. The cryptocurrency was recently struggling at the $220 level. Against Bitcoin, Ethereum dropped into the 0.0236 BTC support earlier today. Key Support & Resistance Levels ETH/USD: Support: $211, $203, $200. Resistance: $220, $225, $245....Read More
According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%. At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance. Derivatives On The Rise And amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the...Read More
The recent Bitcoin price increases, and the upcoming halving have brought back media attention. CNBC recently explained the upcoming halving and made a bold prediction claiming that BTC could surge soon. CNBC Believes Bitcoin Will Surge Bitcoin made an appearance on CNBC’s Fast Money on Friday following the recent price surge. Crypto-friendly expert, Brian Kelly,...Read More
The latest price developments helped Bitcoin’s price to recover following the massive sell-offs in mid-March. However, while most features of the cryptocurrency market have reclaimed previous positions, a few are still showing weak charts. Bitcoin Price Recovered Since Black Thursday The year started quite positively for Bitcoin and the entire cryptocurrency market. Interest, trading volumes,...Read More
XRP saw a strong 13.5% price increase this week as the coin pushes above $0.22 The cryptocurrency faces resistance at $0.228, where lies the 200-days EMA. Against Bitcoin, XRP as struggling toward the end of April after creating a fresh monthly low at 2400 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.217, $0.21, $0.208....Read More
Tether, the issuer of the dollar-pegged stablecoin USDT, is in the limelight again as the company’s treasury minted fresh USDT worth more than a billion dollars in a single month. Tether Mints 1.6B USDT in April. From April 1, 2020, to April 30, accumulated records from Whale Alert, a platform that tracks large crypto transactions...Read More
This past week was a blessing for the price of Bitcoin. The primary cryptocurrency was trading around $7500 just a week ago, while the highest of the past week reached over $9400. Only ten days left until the anticipated Bitcoin halving event, and so far, it seems like BTC fires its engines. As of writing...Read More
Bitcoin’s halving is right around the corner. It will slash the block reward miners get from minting new bitcoins in half and potentially reduce the supply of the cryptocurrency on the market. Historically, this has been a major bullish catalyst for Bitcoin as its price has so far increased substantially after the two previous halvings....Read More
Bitcoin Bitcoin saw an impressive 17.5% price increase over the past 7-days of trading as the cryptocurrency managed to climb above the $7,500 resistance to break above $8,000. It continued to push higher and eventually reached a weekly high of $9,430 before dropping to the current resistance at $8,870 (1.272 Fib Extension). This price increase...Read More
Ethereum increased by 4% today to reach the $215 level again. The cryptocurrency dropped yesterday to reach $200 but quickly rebounded. Against Bitcoin, Ethereum fell beneath the lower boundary of the previous range as it drops beneath 0.0239 BTC. Key Support & Resistance Levels ETH/USD: Support: $210, $200, $187. Resistance: $225, $230, $245. ETH/BTC: Support:...Read More
Bitcoin’s price increased substantially over the past few days, breaking a lot of important resistance levels on its way up. The cryptocurrency touched $9,500 but has since retraced to its current trading price at around $8,900. In any case, this staged it for a full recovery from the mid-March selloff while equity markets are yet...Read More
Ethereum investors have been accumulating and holding substantial amounts lately. More than 77% of ETH in externally owned accounts (EOAs) has not moved in the past six months, new data revealed. Ethereum Investors Hodl And Accumulate The price of Ethereum, similarly to most cryptocurrencies, went through violent turbulence lately. Starting 2020 at about $131, reaching...Read More
Top global assets closed the month of April in the green, with Bitcoin coming through as the best-performing asset of April. BTC was up roughly 34%, rising from the $6,400 range at the start of the month to just over $8,700 on the last day. The S&P 500 gained 12.7% while gold rallied by $6.7%...Read More
Chainlink hit $4 following a 5% gain, but buying pressure is getting weak by the day. A break below the 7-week channel could bottom Link straight to $2.5 Link returned gains after losing the 50000 SAT support-turned-resistance levels. The price is moving in the opposite direction across trading pairs. LINK/USD: Price Continues To Hold In...Read More
The latest positive price developments in the cryptocurrency scene have helped Bitcoin to reclaim its position as the best performing asset in 2020. BTC is currently beating the S&P 500 index, US 10 year treasury bonds, and even gold. BTC’s Recent Price Jump 2020 has been nothing but volatile for the cryptocurrency market. Looking at...Read More
Traders are ecstatic as the cryptocurrency markets finally recover from the recent crash of March 12 amid the novel Coronavirus (COVID-19) pandemic. At that time, Bitcoin (BTC) and the altcoins shredded all the profits they have amassed since the start of the year, leaving many in bearish sentiment. Altcoin Crashes Against BTC However, with the...Read More
The last day will not surprise those who are following CryptoPotato since 2016, or those of you who had witnessed at least one real Bitcoin bull-run. When the primary currency decides to turn on its engines – it does it faster than any other asset existing on Earth, or on the blockchain. Bitcoin is now...Read More
Litecoin is currently facing monthly resistance, but the future looks very promising for the bulls Against Bitcoin, the price continued to follow a bearish sentiment on a short-term perspective If a rebound fails at the 0.005575 BTC support level, Litecoin may roll back to March low LTC/USD: Litecoin Stuck At Resistance Key Resistance Levels: $47.68,...Read More
XRP surged by 6% over the past 24 hours of trading as the coin finally breaches $0.20 and finds $0.22. The cryptocurrency was trapped beneath $0.20 for the past 6-weeks but finally broke this resistance yesterday. Against Bitcoin, XRP found support at 2525 SAT and rebounded to break the long term falling trend line. Key...Read More
For those of you who are trading crypto for a few years, it will not be a surprise. While Bitcoin saw its worst day during March 12, 2020, resulting in more than 50% intra-day loss, it felt like a matter of time until Bitcoin will make its pave back to $8K – the price it...Read More
Ethereum saw a small 1% price increase today, but the coin is facing strong resistance at $198. ETH has increased by almost 15% over the past week after rebounding from support at $170. Against Bitcoin, Ethereum has been trapped between a range of 0.026 BTC and 0.025 BTC for the past 10-days. Key Support &...Read More
TezTezos price continued to increase after finding a rebound level yesterday. The bullish bias is still dominant, but XTZ needs to reclaim previous resistance. A mild correction could start for Tezos if the price drops below the previous lows. XTZ/USD: Tezos Recovers Above $2.7 Key Resistance Levels: $3, $3.3 Key Support Levels: $2.57, $2.37 XTZ/USD....Read More
2020 has been a tumultuous year for the cryptocurrency market so far. Starting off great in the first couple of months, prices collapsed mid-March, largely because of fears induced by the spread of the novel coronavirus (COVID-19). In any case, there is one digital currency that seems to be particularly overlooked and that’s Binance Coin...Read More
Cardano’s price is up by 3.9% but showing weakness in the current 4-hours chart. A correction is likely to play out if Cardano fails to reiterate bullish actions. ADA regained momentum at immediate support, although the price is now roofed at technical resistance. ADA/USD: Cardano Reaches Channel’s Resistance Key Resistance Levels: $0.0481, $0.05, $0.053 Key...Read More
Bitcoin’s stock-to-flow (S2F) model has become one of the most popular formulas based on monthly S2F and price data. It activated various analysts across the world as many have verified the actual relationship between Bitcoin’s price and its stock-to-flow ratio. Now, the analyst who originally came up with it has presented a new model that...Read More
