Bitcoin’s dominance over the crypto market has remained steady for the past week, although it has been declining since the start of the year. In order for altcoins to garner any type of immense momentum independent of that of BTC, it is imperative that the cryptocurrency cedes some of this dominance. One popular cryptocurrency analyst…
DetailsBitcoin is recovering and showing positive signs above the $9,700 level against the US Dollar. BTC price is likely to accelerate higher above $10,000 as long as it is above the 100 hourly SMA. Bitcoin is correcting higher and it recently cleared the $9,740 resistance zone. The price even broke the $9,800 level and it…
DetailsBitcoin could jump above its year-to-date high despite correcting by $1,500 on Tuesday. The upside prediction comes from the cryptocurrency’s 14-week Relative Strength Indicator. The technical indicator’s readings are above levels that maintain the market’s overall bullish bias, confirming a moderate buying sentiment. Bitcoin is most likely to extend its upside momentum above $10,500 despite…
DetailsCryptocurrency exchange BitMEX announced that its $100,000 one-year grant has been awarded to Gleb Naumenko, a Bitcoin Core contributor and researcher. Awarded by HDR Global Trading, which owns BitMEX, the developer grant program complements the company’s efforts that support the development of open-source protocols. Chaincode Labs Researcher Awarded BitMEX Grant Gleb Naumenko, a Bitcoin Core…
DetailsNormally, Ripple’s XRP and Stellar’s XLM move in unison together. But over the last two months or so, a difference between the two assets is emerging. The difference between $XLM and $XRP is becoming obvious. (Candles are $XLM and blue line is $XRP). pic.twitter.com/znNbslbuQc — IncomeSharks (@IncomeSharks) June 4, 2020 During this time, while XRP…
DetailsUpon checking crypto Twitter, cryptocurrency sub-Reddits, and elsewhere in the crypto space, investors are exceptionally bullish on Ethereum compared to Bitcoin. Long positions in Ethereum continue to skyrocket, and the amount of ETH locked up in DeFi grows by the day. Yet a dead accurate sell signal has just triggered on both ETHUSD and ETHBTC…
DetailsEthereum is up close to 4% and it surpassed the $240 resistance zone against the US Dollar. ETH price is likely to continue higher towards the $250 and $255 resistance levels. Ethereum reversed losses and climbed back from the $230 support zone. The price is now trading comfortably above the $240 pivot level, with a…
DetailsBitcoin just saw a harsh $1,500 rejection at one of the most important resistance levels in the asset’s history. Though analysts remain long-term bullish, with one going as far as to say that market “fireworks” are in this market’s sights. Related Reading: Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big for the ETH Bull…
DetailsSpot bitcoin fell 1.45 percent to $9,501 as of 0900 UTC as the U.S. dollar rebounded from its seven-day plunge. The cryptocurrency’s downside move surfaced ahead of a fresh U.S. trade and unemployment data release at 0830 ET on Thursday. The U.S. stock market, which remains positively correlated to bitcoin, also dived as investors booked…
DetailsLitecoin retreated from the $50.00 resistance and found support near $45.00 against the US Dollar. The price is currently rising and it could surge if it clears the $48.00 resistance. There is a major bullish trend line forming with support near $46.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). Bitcoin…
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