Bitcoin is slipping lower despite the rally earlier today. BTC is down another 2% since the trading session began an hour ago, pushing under $18,000 yet again. The price of the leading cryptocurrency currently is $17,925, with Ethereum and altcoins also dropping rapidly. According to ByBt, the funding rates of leading Bitcoin futures markets are…
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Yearn.finance’s YFI token has seen some volatility over the past few days and weeks, mainly derived from that seen across the entire market. It has been closely mirroring the price action seen by the benchmark cryptocurrency and its other counterparts. Where YFI trends in the mid-term should depend largely on whether or not YFI can…
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Bitcoin underwent a strong plunge yesterday evening to $17,700. The cryptocurrency crashed as the stock market faced a correction and as the U.S. dollar showed a bit of strength after a brutal showing over the past few weeks. But, BTC is already bouncing back. After falling to those lows, the cryptocurrency has bounced toward $18,400…
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Bitcoin price is still hanging onto $18,000 and is only a couple of grand shy of finally taking out $20,000 and beginning the new bull market. But BTC miners that should be holding in advance of mark up, are suddenly moving massive quantities of the cryptocurrency, and it has a top industry quantitative analyst “scared”…
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Bitcoin has been flashing some signs of intense weakness throughout the past few days and weeks, which has caused the cryptocurrency’s price to decline below $18,000 on a few occasions. So far, the buying pressure here has been significant enough to catalyze multiple rebounds, but its reactions to each dip are getting weaker as time…
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Bitcoin has plunged by almost 9 percent after establishing its new record high near $20,000 last week. And a team of quantitative strategists at JP Morgan & Chase believes that gold is behind the flagship cryptocurrency’s corrective price move. The analysts, including Nikolas Panigirtzoglou, wrote that Bitcoin price correction lags a similar move in the…
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Bitcoin could backtrack its way towards $20,000 in the coming sessions, says a chartist at TradingShot, an independent investment advisory firm. A $21,000 Bitcoin In his Wednesday note, the analyst wrote that the benchmark cryptocurrency anticipates undergoing a strong rebound move after testing a short-term support trendline. The trendline serves as a part of an…
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Cardano’s price declined heavily towards $0.1300 before correcting higher, similar to bitcoin. ADA must clear the $0.1500 resistance and the 100 SMA (H4) to start a strong increase. ADA remained well bid above the $0.1300 level and corrected higher against the US dollar. The price is struggling to clear the $0.1500 resistance and the 100…
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Cryptocurrencies have opened the door to a number of possibilities to broaden global economics. Their adoption in an array of industries could make trade across the borders even more efficient than it is today. However, with crypto theft on the rise and cryptocurrencies unable to come up with a foolproof protection plan, security remains a…
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Ethereum declined towards the $530 zone before recovering above $550 against the US Dollar. ETH price is now facing a strong resistance near the $580 level and the 100 hourly SMA. Ethereum started a strong recovery wave above the $550 and $565 resistance levels. The price is now facing hurdles near the $580 level and…
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