Just hours after our last market update, Bitcoin has topped $10,000. This is the first time the cryptocurrency has done this in over seven weeks. After holding $9,400 for all of Wednesday, the cryptocurrency surged higher over the past few hours, passing resistance after resistance in the $9,000s, culminating in the surge past $10,000 just…
DetailsAlthough Bitcoin has erupted over the past 24 hours, XRP has remained muted. The top altcoin is up 1% in the past 24 hours while BTC has surged 8% higher, failing to react to Bitcoin breaking past $10,000. This price action has convinced analysts that XRP is poised to retrace, in spite of the influx…
DetailsBitcoin has been caught within the throes of an explosive uptrend throughout the past several days and weeks. Buyers have allowed the cryptocurrency to put some serious distance between its recent lows of $3,800, now attempting to propel it firmly into the five-figure price region. The “V-shaped recovery” seen in the time following its mid-March…
DetailsBitcoin is up more than 7% and it broke the $10,000 resistance against the US Dollar. BTC is showing many bullish signs on the daily chart and it is likely to test $10,500. Bitcoin is gaining bullish momentum and it recently spiked above $10,000. The current crypto market sentiment is very positive, suggesting more upsides…
DetailsRising Bitcoin demand ahead of its mining reward halving has driven Ethereum prices to two-month lows. The second-largest cryptocurrency fell more than 16 percent against Bitcoin from its April 18 top. Traders are trying to gauge the bottom for ETH/BTC amidst the halving FOMO. Ethereum spot rates have plunged following three weeks of continues sell-off on…
DetailsBitcoin briefly closed above $6,400 for the second time in seven days. The cryptocurrency later pulled back by circa $400 amid profit-taking. It found support near $9,000, raising concerns about an extended move towards $7,500. Bitcoin’s impressive rebound from its mid-March lows extended its upward move above $6,400 on Wednesday. But the price action left…
DetailsAfter a multi-day consolidation around $9,000, Bitcoin is finally breaking out again. Thursday morning saw the cryptocurrency hit $9,400, revisiting the highs of last week as bulls step in. While the ever-important $9,400-9,500 zone has held as macro resistance yet again, the asset is coiling for a breakout. And according to a top analyst, one…
DetailsA notoriously volatile Bitcoin is now less risky than emerging fiat currencies, according to the latest data readings. Charts on Woobulll show bitcoin’s volatility heading below that of the EM currencies. The data appears as fresh polls predict a depressive year for the fiats of key emerging markets, including South African rand, Mexican peso and Brazilian real.…
DetailsRipple is currently consolidating above the $0.2100 support against the US Dollar. XRP price is showing bearish signs, but it could start a fresh increase as long as it is above the 100 SMA (H4). Ripple price is currently struggling to stay above the $0.2100 support against the US dollar. The price is facing a…
DetailsEthereum is struggling to gain bullish momentum above the $210 and $220 resistance levels against the US Dollar. ETH price remains at a risk of drop below $200 if it continues to struggle near $210. Ethereum is facing an uphill task near the $210 and $211 resistance levels. A crucial support is forming near the…
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