After last month’s catastrophic collapse, Bitcoin and the rest of the crypto market has made a strong recovery, nearly doubling in value from the recent extreme low. But just as the asset class has reached critical resistance, a rough week and a deadly accurate sell signal triggering on a dozen or more individual crypto assets…
DetailsAfter incurring an incredibly intense uptrend that led Ethereum to highs of over $175 yesterday, ETH has lost some of its momentum and has declined below $170, with this drop coming about concurrently with that seen by Bitcoin overnight. In the near-term, it does appear that ETH’s bulls may have slightly overextended themselves, as the…
DetailsBitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level. With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead. But what…
DetailsIt has been another great day for the crypto markets, and Tezos has continued to be one of the most bullish major cryptocurrencies, posting a notable extension of its recent uptrend that has allowed it to rally past $2.00. Analysts are noting that while looking at the cryptocurrency’s weekly chart, its potent reaction to a…
DetailsEthereum is currently correcting lower from the $176 monthly high against the US Dollar. ETH price remains well supported on the downside near the $162 and $158 levels. Ethereum is correcting lower and trading below the $170 level against the US Dollar, similar to bitcoin. The price is holding the main $162 and $158 support…
DetailsRipple started a downside correction from the $0.2050 resistance against the US Dollar. XRP price tested the $0.1900 support area and it is currently rising towards $0.2000. Ripple price is trading nicely above the $0.1880 and $0.1900 support levels against the US dollar. A successful daily close above the $0.2000 barrier could start a larger…
DetailsBitcoin started a downside correction from the $7,447 monthly high against the US Dollar. BTC price tested the key $7,000-$7,100 demand zone and recently revered losses. Bitcoin failed to extend gains above $7,500 and corrected lower against the US Dollar. The bulls protected the $7,000 support area, resulting in a fresh increase. There is a…
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Just minutes ago, the latest block reward reduction or “halving” of Bitcoin Cash (BCH) transpired. With this, the block reward provided to the miner of a BCH block was dropped from 12.5 coins to 6.25, a decline of 50%, hence “halving.” Bitcoin Cash is now at block height 630,000, the halving has occurred! The block…
DetailsBitcoin rebounded by almost 94 percent after bottoming out below $4,000 in mid-March. And the cryptocurrency could extend its upside momentum, according to a prominent investment management firm. Coincident Capital said Tuesday that the bitcoin price could hit $8,000, taking cues from the recovery of global equities amidst an otherwise looming economic crisis. The Cayman…
DetailsXRP may soon be ready “pop off” and go on one of its “once a year” rallies the asset is known for, according to one cryptocurrency analyst. The analyst points to the altcoin nearly doubling in value in sats as the most logical target for the surge. Is Ripple finally ready to recoup some lost…
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