Bitcoin saw a notable increase in its price throughout the past 24 hours. However, large-cap cryptocurrencies failed to gain any serious grounds against BTC as all top 20 altcoins have decreased in value over the same period. At the same time, Bitcoin’s dominance is also increasing substantially during the past four days. Altcoins Un-Season: Majors...Read More
The Bitcoin price dropped over the first quarter of 2020 amid the worldwide asset collapse. But it didn’t fall nearly as much as the major US stock market benchmarks. From January 2, 2020 (the year’s first day of trading on the New York Stock Exchange) through April 1, 2020, the S&P 500 Index capitulated some...Read More
Over the past two days, we saw Bitcoin losing momentum following the global markets. After reaching the $6600 resistance, Bitcoin price failed to break the symmetrical triangle as can be seen on the following 4-hour chart. From there, Bitcoin found temporary support upon the $6400 boundary, before continuing the 3-day plunge to the lower angle...Read More
Satoshi Nakamoto, also known as Craig Wright, will appear in an “ask me anything” session! At the same time, there’s a new token in front of Bitcoin on CoinMarketCap. And all of this comes today, April 1st! Let’s take a look at some of the best April 1st (International Fool’s Day) jokes in the cryptocurrency...Read More
While Chainlink remains indecisive in a rising triangle, buyers continue to show commitment on the short-term. If LINK can break above the 38200 SAT level, the bulls might regain control of the market momentum. Chainlink is still facing strong support across its trading pairs. LINK/USD: Chainlink Looking For Breakout Key Resistance Levels: $2.4, $2.75, $4...Read More
The novel coronavirus (COVID-19) took the world by a storm and its spread, and it shows no signs of slowing down. With the total number of infected people getting close to a million, countries around the world are instituting lockdowns to slow down the spread and keep the hospitals from overflowing with patients. A closer...Read More
The last few days were quite turbulent for Bitcoin and the entire cryptocurrency market. BTC went to retest the support at $5,800, losing $800 of its dollar value in the process. However, it has since bounced, and it’s currently trading at another important support level at $6,300. BTC/USD. Source: TradingView This weekend saw $5,850 as...Read More
The number of circulating Tether (USDT) coins now exceeds 6 billion. Tether, and most stablecoins, have been continuously minting new coins to cope with the growing traders’ demand in times of high volatility and uncertainty in the cryptocurrency market. Over 6B USDT In Circulation The past month was especially turbulent in terms of volatility, to...Read More
XRP remains stable above $0.17, while Bitcoin dropped by 2% today. The cryptocurrency rebounded from support at a rising trend line that allowed it to climb back above $0.17 this week. Against Bitcoin, XRP increased by 4% over the past two days as it reaches 2730 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.171,...Read More
After recovering from $1.45, XTZ bulls are now pushing back at crucial resistance of $1.80 While consolidating, Tezos is waiting for a huge price movement across its trading pairs Against Bitcoin, XTZ keep trading around 25000 SAT support as it looks for a strong rebound level XTZ/USD: Tezos Struggles In A Tight Range Key Resistance...Read More
Ethereum saw a 1.6% price increase over the last 24-hours as it currently trades around $133. The cryptocurrency had fallen beneath an acute ascending triangle but managed to find support at the lower boundary of a new triangle this weekend. Against Bitcoin, Ethereum suffers as it drops back beneath 0.021 BTC. Remaining above 0.201 BTC...Read More
After years of purchasing significant quantities of gold, the Central Bank of Russia will seize buying more as of April 1st. The country announced it yesterday without explaining the move. Local analysts, however, claimed that the nation already has a lot of gold stashed in reserves and might start selling to international investors because of...Read More
Over $1 billion worth of stablecoins is currently stored on certain cryptocurrency exchanges. Such an extensive amount sitting on the sidelines begs the question if traders are simply waiting for a definitive bullish sign to reenter the market. Over $1B Worth Of USDT and USDC On Exchanges As Cryptopotato reported earlier this month, most stablecoins’...Read More
One of the most popular blockchain-based games, Knight Story, will launch on the TRON network as of today, March 30th. The dApp developer behind the game, Biscuit Labs, confirmed the news saying that Knight Story has undergone specific updates for its appearance on TRON. Knight Story To Run On TRON Biscuit Labs announced its newest...Read More
Bitcoin Cash would remain bearish as long as the price action remains inside the daily channel against the US Dollar The price is still up 1.87% despite the recent bearishness in the overall market Against Bitcoin, BCH is currently relying on 0.033 BTC support level BCH/USD: BCH Rejecting At $240 Resistance Key Support Levels: $240,...Read More
XRP saw a 6% increase today as it climbs back above $0.171. The cryptocurrency recently dropped lower but managed to rebound at support provided by a rising trend line. Against Bitcoin, XRP met resistance at 2800 SAT again and has dropped int 2750 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.171, $0.16, $0.156. Resistance:...Read More
The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need. Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity...Read More
Bitcoin price had a wild weekend: After losing the $6,000 support, Bitcoin plunged onto the next mentioned support level, and since then, saw a decent come-back to the price area the plunge started from. To conclude this, it was a wild ride going back to the same destination. Following our most recent price analysis, we...Read More
The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios. According to one model, the fair value of gold right now should be around $8,900, which is...Read More
The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development. A Healthy Funding State of Open-Source BTC Development The BitMEX research team based the report on publicly...Read More
Ethereum continues to struggle as it remains beneath $130 today with a small decline. The cryptocurrency fell below the ascending triangle consolidation pattern, bringing in another bearish scenario for ETH. Against Bitcoin, Ethereum managed to rebound from support at 0.0201 BTC to climb back above 0.021 BTC. Key Support & Resistance Levels ETH/USD: Support: $128,...Read More
XRP dropped by a total of 3% today as the cryptocurrency falls beneath the $0.17 level. The coin managed to break above the previous ascending triangle but fell from resistance at $0.191. Against Bitcoin, XRP increased by 13% over the past 2-days as it trades at 2710 SAT. Key Support & Resistance Levels XRP/USD: Support:...Read More
Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented. The Great Wealth Transfer The paper estimated that more...Read More
An alliance consisting of Chinese government groups, banks, and technology companies will launch the Blockchain-based Service Network (BSN) in April. The innovative platform will be among the first maintained by a central government. It will allow participants to operate on top of it, without having to design a new network from scratch. Blockchain-Based Service Network...Read More
After three days of dull price action inside a $200 range ($6600 – $6800), Bitcoin saw a huge plunge back to the $6000 area, more than 10% were lost in a matter of hours. If you followed us here, we mentioned reasons why Bitcoin was looking more bearish than bullish, and we also stated that...Read More
In the past seven days, bitcoin managed to add another 10% to its dollar-value as the price spiked from about $6,000 to its current point at $6,600. Yet, most of the time, it traded within a narrow range between $6,400 and $6,700. The overall volume has also declined, and, as such, the volatility decreased. If...Read More
Bitcoin Bitcoin price increased by a total of around 10% this week as it blew past the $6,000 level to reach the resistance at $6,800. It did manage to spike as high as $7,000 but has failed to break above $6,800 for the past 4-days of trading and recently rolled over to reach $6,640. From...Read More
Bitcoin’s network went through one of its biggest difficulty adjustments just recently. While this had a quick and expected impact on the network, everything is back on track with blocks being produced on schedule. However, interesting performance data reveals that the price tends to increase following extreme difficulty adjustments, such as the one that was...Read More
Ethereum saw a small 0.5% price increase today as it continues to battle the $140 resistance level. The cryptocurrency has been bouncing in a very tight range between $135 and $140 for the past 4-days. Ethereum dropped beneath the crucial 0.021 BTC support this week to drop as low as 0.0201 BTC. Key Support &...Read More
Bitcoin fell sharply along with all other assets during the global valuation collapse. Because it tracked with other assets like stocks, gold, and oil, there were more questions about Bitcoin correlation. Is Bitcoin an uncorrelated asset? One that doesn’t consistently move in the same or opposite direction as other securities? The Bitcoin price was uncorrelated...Read More
