Bitcoin has seen a tumultuous past few days after reaching as high as $11,500 on Monday. In the past 48 hours alone, the asset has whipsawed between $10,600 and $11,400, with bulls and bears attempting to catalyze a range breakout. Both sides have failed thus far; as of the time of this article’s writing, BTC…
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Bitcoin is currently consolidating in a range above the $10,700 support against the US Dollar. BTC is likely to start a fresh surge as long as it is above the 100 hourly SMA. Bitcoin is trading in a contracting range above the key $10,700 support zone. The price seems to be facing a couple of…
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Ethereum gained more than 4% and it surged above the $335 resistance against the US Dollar. ETH price traded to a new monthly high at $343 and it could rise further to $350. Ethereum started a fresh increase above the $325 and $335 resistance levels. The price traded to a new monthly high at $343…
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Ripple is up over 2% and it is showing positive signs above the $0.2400 resistance zone against the US Dollar. XRP price is likely to accelerate gains if it clears the $0.2500 resistance. Ripple price started consolidating gains after it rallied towards the $0.2500 level against the US dollar. The price is currently trading nicely…
DetailsDigitex Futures, the Seychelles-based cryptocurrency startup has announced the much-anticipated public launch of its Bitcoin Futures exchange on July 31 following months of extensive testing. Since the launch of its mainnet, Digitex Futures has been gradually adding more traders enabling them to experience the platform and also provide any feedback that can be used for…
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If you’ve been involved in the Bitcoin market over the past year, you know of PlusToken. PlusToken was a Ponzi scheme with a focus on the Asian cryptocurrency space that was active in 2019. In offering depositors of Bitcoin, Ethereum, EOS and other cryptocurrencies high levels of interest, the operators of the scam managed to…
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Bitcoin’s intense uptrend in recent weeks hasn’t phased its long-term investors, who appear to be holding out for higher prices before they offload their holdings. Data shows that these investors are not yet selling their crypto and are even adding to their long-term stashes as the crypto’s mid-term outlook brightens. Their long-term investment approach is…
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Ethereum’s price action has been closely correlated to that of Bitcoin throughout the past few days. This has caused ETH to enter a consolidation phase as it trades just below $320. Although its slight decline seen overnight has led it to flash some signs of weakness, its macro outlook still remains incredibly bright. Analysts are…
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The DeFi craze may have finally gone too far, leading investors into disaster as some top industry analysts had forewarned. Ampleforth, an altcoin that recently flash pumped by over 700,000%, just collapsed by over 70% wiping out investor’s gains and then some. The fast rise followed by an abrupt crash underscores the potential downside risk…
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XRP was able to incur some decent momentum earlier this week that sent it into the mid-$0.25 region. Despite climbing from its recent sub-$0.20 lows, the cryptocurrency’s uptrend is still underwhelming compared to those seen by Bitcoin, Ethereum, and many of its other peers. The lack of enthusiasm surrounding the embattled token is quite significant…
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