Bitcoin Bitcoin dropped by a total of 11% over the past week as the cryptocurrency broke beneath previous support at $9,550 and plummetted beneath support at $9,000. It continued to decline until reaching the current support at the 200-days EMA, which is bolstered by the .5 Fib Retracement at around $8,600. The momentum is certainly...Read More
Just five days ago, Bitcoin was trading for more than $10,000 per coin. As the coronavirus fears hit the stock markets, Bitcoin is not left behind. The coin had completed $1000 drop in just three days, and over the past two days, Bitcoin had continued its decline towards the $8400 – $8500 horizontal support. The...Read More
The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history. Global Markets Continue To Tumble Global financial markets continue to suffer...Read More
Bitcoin’s correlations with gold and the traditional financial markets have been challenged in the past several days. However, some members of the community believe that it needs to separate itself entirely to continue growing. Bitcoin Compared To Gold And Stocks The largest cryptocurrency has a compelling history when compared to other assets. For instance, it...Read More
Litecoin dropped by a steep 15.5% over the past 7-days of trading as it falls to $61. The latest price decline has brought it beneath both the 200-days and 100-days EMAs. Against Bitcoin, Litecoin has also dropped in to support at the 100-days EMA. Key Support & Resistance Levels LTC/USD: Support: $58, $56.50, $54 Resistance:...Read More
Tezos saw a small bounce after testing a key support area across major trading pairs. If XTZ can gain momentum above immediate resistance, a short-term bullish move is expected to kick. The bearish pressure may resume if the current support fails to hold. XTZ/USD: Tezos Struggles At Resistance, Can It Break Above $3 Key Resistance...Read More
Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the...Read More
XRP dropped by a total of 3.4% over the past 24 hours of trading, bringing the price down to $0.233. The cryptocurrency penetrated beneath the 200-days EMA and continued below the 100-days EMA. XRP also fell as low as 2550 SAT against Bitcoin before rebounding higher. Key Support & Resistance Levels XRP/USD: Support: $0.227, $0.217,...Read More
There is the endless argument about whether Bitcoin is a safe-haven asset like Gold. This could be true most of the time; however, Wall Street and the global markets are facing a difficult situation resulting in a fatal drop of almost 8% over the past four days, surrounding the coronavirus effects. And Bitcoin, this time,...Read More
Etheruem dropped by a total of 9% over the past 24 hours of trading as it falls to the $235 level. This retracement was expected after Ethereum double-topped at $285, causing it to roll over and start the decline. ETH also decreased against Bitcoin as it broke beneath support at the 0.026 BTC level; however,...Read More
BNB is under strong bearish watch across trading pairs, but it may halt at key demand areas. Despite the considerable price dumps, BNB remains the 9th largest cryptocurrency in terms of market cap. If BNB fails to bounce back at immediate support, a big sell action can be expected. BNB/USD: BNB Signaled Mid-Term Bearish After...Read More
Finnish Customs seized 1,666 bitcoins several years ago during major drug busts. The digital asset’s value has grown with almost 2,000% since then, and the authorities are wondering what they could do with all the bitcoins. Finland’s Seized Bitcoins Back in 2016, police raids in Finland were a common sight. The notorious black market, the...Read More
The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week. Major Indexes Chart Serious Losses Over the course of just a few days, major...Read More
The bearish scenario is likely to end shortly at 7-weeks rising trend line on the 4-hours chart After facing rejection at the 7-month high, LINK/USD fell and started downward correction Link loses momentum after witnessing a low trading volume LINK/USD: Chainlink Flaunted Short-Term Reversal With Double-Top Pattern, Nearing Key Rebound Level Key Resistance Levels: $3.8...Read More
XRP rolled over and dropped by 3% over the past 24 hours to bring the price for the coin down to $0.266. It is now battling to stay above the 200-days EMA and to remain over the ascending trend line. The cryptocurrency broke beneath major support at 2800 SATS against BTC. Key Support & Resistance...Read More
And the volatility continues: The past three weeks for Bitcoin’s price were very volatile. While the coin reached its new year’s high at $10,500, the fluctuations to both sides refuse to calm down over the past days. On our recent Bitcoin price analysis, we mentioned that Bitcoin was surging $300 intraday (towards the $10,000) and...Read More
Despite the latest price drops, Tezos continued to hold the 10th position in terms of market cap. XTZ pairs keep showing weakness as bears charge toward key support levels. Tezos broke down from a strong bullish area after losing 9%. XTZ/USD: Tezos Prepares For Huge Drop Following Wedge Breakdown Key Resistance Levels: $3.6, 3.9, $4.2...Read More
Etheruem has now increased by a total of 7.10% this week as the cryptocurrency edges toward $270. The bullish momentum has been fading. However, the buyers are still battling to stay present in the market. ETH made another attempt to break the 2020 high-day closing price today at 0.0278 BTC. Key Support & Resistance Levels...Read More
Traditional financial markets are plunging today amid fears of the spreading coronavirus. While indices and stocks tumble across the globe, gold is increasing as investors turn to it as a safe haven. It reached its highest point since 2013. Amid this uncertainty, it’s interesting to see where Bitcoin’s price will go next. Stock Markets Plummet...Read More
With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME recorded one of its best trading days with over $1 billion in daily volume. Other significant names in Bitcoin Futures trading, including BitMEX and Binance, are also noting impressive volumes lately. CME Bitcoin Futures Volume...Read More
It has been almost two weeks since the Trinity wallet attack, which has seen IOTA’s transaction coordinator halted. The fiat on-ramp was exploited by a hacker who leveraged the vulnerability to access IOTA’s Trinity wallet software, which was integrated with MoonPay. From there, funds were stolen from Trinity wallet users, with total losses believed to...Read More
Bitcoin’s total supply gets distributed among more addresses as its network matures over time. At the same time, some notable altcoins have up to 95% of their total supply held by several large addresses. This information came from a report gathered by the popular monitoring resource – coinmetrics. By examining numerous variables of data, the...Read More
XRP increased by a small 3% over the past 24 hours as it rebounded at $0.27 to climb back above $0.28. This price increase is driven by Bitcoin making its way back toward $10,000. Against Bitcoin, XRP reversed at 2820 SAT as it battles to climb back above the 100-days EMA. Key Support & Resistance...Read More
Following the huge price dump last Wednesday, we saw Bitcoin trading in the tight range between $9550 and $9750 until a few hours ago, where the primary cryptocurrency had decided to fire some engines towards a critical resistance level. As of writing these lines, Bitcoin is testing the $9900 – $10,000 resistance. As mentioned in...Read More
Etheruem has seen a sharp 8% price fall over the past week, bringing the price for the coin down to $260. The cryptocurrency was unable to break resistance at $285, causing it to roll over and drop. ETH also declined against BTC after failing to overcome resistance at 0.0278 BTC. Key Support & Resistance Levels...Read More
In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor. Hacker Gets Away With Reported $45 Million According to a Reddit post from February 22nd, which is now deleted, an investor, who...Read More
Financial and monetary authorities in Japan are accelerating the process of creating their own digital currency. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency have held an undisclosed number of meetings to establish a clear vision before eventually launching a central bank digital currency (CBDC). Japan Prepares For A Bank-Backed...Read More
Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network. Shopify To Cooperate With Libra Almost immediately after its announcement in mid-2019, Libra became a target of regulators across the...Read More
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price...Read More
Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders...Read More
