That was a crazy day for the price of Bitcoin. Some would say it’s an ordinary day, but as we wrote here in yesterday’s price analysis, after sideways action in a tight range, the primary cryptocurrency had exploded. After trading for the last few days between $6800 – $7000, it first started with a deep...Read More
Ethereum is moving strong with a trading value of $155 against the US dollar. Ethereum price will be touching the peaks with the bullish breaks if it crosses the $160 and $162 resistance level. ETH prices are escalating higher and higher and are showing positive growth at $155. The bulls will be attracting audiences with...Read More
John McAfee recently announced on an up-coming launch of a new privacy coin called GHOST, unveiling the project’s new Twitter account and accompanying website. McAfee states that the whitepaper and more details will be posted in one month on May 15th. Verified Zero-Knowledge Proofs The GHOST website reveals that the proof of stake privacy coin...Read More
An interesting analysis of the performance of the Ethereum network reveals some changes as to what fees are being paid. Feed pays to miners exceeded the uncle reward paid to miners in March. Fees Paid By Users Greater Than The Cost Paid By The Network Ankit Chiplunkar, the head of research at the popular data...Read More
Ethereum witnessed a sharp 7% price drop over the past seven days as it trades at $156. However, over the past 5-days, Ethereum has been trading sideways between $155 and $160. Against Bitcoin, the bulls are controlling the market after rebounding at 0.0229 BTC to trade above 0.0232 BTC. Key Support & Resistance Levels ETH/USD:...Read More
China’s anticipated central bank digital currency (CBDC) may be closer to its launch, as per a screenshot circulating the internet. While testing should be entirely confidential, the leaked photo is hinting the test version of a mobile app developed by a large state-owned bank. An App For China’s CBDC Information from a few weeks ago...Read More
Since the coronavirus crisis had started, in the second week of March, we mentioned the obvious correlation between Bitcoin price and the global markets. Since the crisis started, the lowest point of Bitcoin was reached together with the S&P 500’s low, and the impressive correction can be seen on both assets’ charts. However, unlike the...Read More
While Chainlink holds support at $3.3, a break down could lead to a massive drop in price. Against Bitcoin, Link is beginning to flag a bearish trend after dropping off a 4-day wedge. LINK/USD: Chainlink Holding Support At $3.3 Key Resistance Levels: $3.48, $3.6.2, $3.8 Key Support Levels: $3.3, $3, $2.8 LINK/USD. Source: TradingView The...Read More
XRP saw a small 1% decline as it dropped into the $0.185 level. The cryptocurrency has now broken beneath a rising trend line as it looks to head lower. Against Bitcoin, XRP failed to close above the 100-days EMA and has fallen 2710 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.182, $0.171, $0.16. Resistance:...Read More
Gold has crossed the $1,700 mark for the first time since 2012 as traders and investors seek wealth security in these times of economic uncertainty — headlined by the COVID-19 outbreak. The recent gains in the gold market coincide with pressures on Bitcoin, which has dropped from nearly $7,500 to about $6,800 within seven days....Read More
Binance Coin surged 5% to reach a current daily high of $15.1 but facing strong resistance around that area. Against Bitcoin, BNB reached 0.0022 BTC after breaking a four-week high today The price action is looking bullish on the 4-hours chart, but BNB remained neutral since the wedge breakout against the US Dollar BNB/USD: BNB...Read More
Ethereum saw a 3% price decline over the past 24 hours of trading as the cryptocurrency drops into the $150 level. ETH was previously struggling at the 100-days EMA at around $175, which caused it to fall. Against Bitcoin, the bulls are battling to keep the cryptocurrency above 0.0229 BTC support. Key Support & Resistance...Read More
After losing support above the $7,000 price benchmark, Bitcoin was trading steadily around the $6800 throughout the long weekend – including Good Friday, which took place last Friday. On our most recent BTC analysis from yesterday, we had stated that a price movement is imminent once the new week starts following the futures on Wall...Read More
A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset. Bursting Myths: Cryptocurrency Usage Cryptocurrency payment transfers are much more...Read More
Funds sent to cryptocurrencies scams exploiting the COVID-19 pandemic have decreased since the start of March. Scammers are using mostly phishing and blackmail emails, but their efforts have not marked much success as of late. Crypto COVID-19 Scams Aside from the many positive features cryptocurrencies possess, they are also sometimes involved in suspicious and fraudulent...Read More
China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter. Last year, President Xi Jinping urged for further investments in blockchain-based technology, causing Bitcoin to mark an increase upwards of 40% in less than 24 hours. Now, however, regulations seem to be tightening up, and...Read More
According to Ross Ulbricht, best-known for creating and operating the darknet market website Silk Road, Bitcoin’s price is headed downward. Using the Elliot Wave Theory for his analysis, Ulbricht believes that there might be more pain ahead, taking the price significantly lower. More Pain For Bitcoin In a detailed blog post, Ross Ulbricht, the founder...Read More
On our most recent BTC price analysis, following Friday’s plunge to the $6800 area, we mentioned that Bitcoin reached a decision point. Both the price encountered a substantial support area, together with the daily RSI indicator, which reached precisely the 50 level, which is said to be the distinction between a bear and a bull...Read More
The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both. BTC Addresses Go Up The popular cryptocurrency monitoring resource, Glassnode Insights, provided a...Read More
XRP saw a small 1% price increase today as the cryptocurrency rebounded from $0.182 to reach $0.19. It had previously dropped from resistance at $0.2 but found support at a rising trend line. Against Bitcoin, XRP broke above the 100-days EMA at 2750 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.182, $0.171, $0.16. Resistance: ...Read More
Bitcoin’s price went on a rollercoaster during the past week. After surging to its three weeks high at slightly above $7,400, the cryptocurrency saw a sharp decline upwards of 5% over the past 24 hours. This got it to where it currently trades at around $6,880. During the last week, altcoins managed to hold their...Read More
Bitcoin Bitcoin is up by a small 2% this week after suffering a major setback when it dropped by 5.5% in today’s trading session. The cryptocurrency had surged from the $6,800 level last Friday to reach as high as $6,400 at the start of this week. However, in today’s trading, Bitcoin fell by over 5%...Read More
Tezos dropped by a sharp 9% today as the cryptocurrency falls from $2.18 to reach $1.91. Despite this recent price drop, Tezos is still up by a total of 12% on the week. The cryptocurrency also rolled over against Bitcoin as it falls to 0.00028 BTC. Key Support & Resistance Levels XTZ/USD: Support: $1.90, $1.85,...Read More
Traders of SOL, the native cryptocurrency of the Solana blockchain platform, must be in a great mood as the price of the coin has surged by more than 300% in the last 24 hours. The reason for this is the recent listing on the Binance exchange. Solana (SOL) Listed on Binance Being listed for trading...Read More
With the third Bitcoin Halving just around the corner, the number of BTC whales is on the rise again, similar to what happened before the previous one in 2016. Individuals and entities owning at least 1,000 of the primary cryptocurrency are currently at a 2-year high. BTC Whales Accumulate Before The Halving? The Bitcoin Halving...Read More
On our latest price analysis from yesterday, we stated that the Bitcoin price is about to make its next major move. A few hours later, and the anticipated move played out. Unfortunately to the bulls, Bitcoin broke down the 3-day stability between the range of $7200 – $7400. As of writing these lines, the primary...Read More
Despite weak buying pressure across trading pairs, Bitcoin SV is still up by 2.8% at the moment following its halving. A break above the previous high is expected to keep buyers on track. Nonetheless, Bitcoin SV has reactivated a short-term bullish trend following recent sudden price movement. BSV/USD: BSV Aiming More Gains But Price Is...Read More
Gold, one of the commodities largely used as a hedge against the volatility of traditional equities and financial markets, is trading at a price just 1% below its 8-years high. According to a portfolio manager at VanEck, however, the price is headed to at least $2,000. Gold Price At 1% Below 8-Years High Gold has...Read More
Ethereum increased by a small 1.3% over the past 24 hours of trading as the cryptocurrency reaches $170. It is now facing resistance at the 100-days EMA and has struggled here for the past 3-days. Against Bitcoin, Ethereum continues to perform well as it reaches 0.0234 BTC. Key Support & Resistance Levels ETH/USD: Support: $165,...Read More
So far, April had been a blessing for Bitcoin. The primary cryptocurrency was trading slightly around the $6,000 mark on April 1st, but since then, there was only one way. There is only one disadvantage in this short-term positive trend: Bitcoin price is back to the recent positive correlation with the global stock markets. Satoshi’s...Read More
