While Bitcoin is making its way through the stratosphere, the stock market is still firmly earthbound. The leading cryptocurrency briefly eclipsed $14K this week, outperforming traditional asset classes as lockdowns return across Europe and political tensions ratchet higher in the run up to the US election day. This week’s surge tops off a fantastic month…
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Ethereum faced an intense selloff yesterday that erased all of the gains that had come about due to its recent rally up towards $400. This rally was a sign of strength following a prolonged period of ETH seeing sideways trading while Bitcoin rallied. The break above $400 also held some technical significance, but the rejection…
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Bitcoin is currently in the process of retracing following a rejection at highs of $14,100 that were set this past week. Although bulls had found stability around $13,800 following the rally to these highs, they have not been able to guard against massive inflows of selling pressure that has come about throughout the past few…
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Bitcoin prices slid Monday ahead of an election that will shape its bias for the rest of the year. The benchmark cryptocurrency plunged 2.7 percent following its best month in more than a year. Futures tied to the BTC/USD pair also inched lower by 1.27 percent, pointing to a declining institutional interest in the cryptocurrency…
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Bitcoin price set a new higher high this weekend at over $14,000 and closed the highest monthly candle since December 2017, leaving just one higher monthly close to beat. However, before that could happen, the leading cryptocurrency by market cap has been dragged down by pre-election uncertainty, and it could make for a rocky ride…
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Bitrue, the crypto investment platform that made its name as a leading XRP bourse, is continuing its reinvention as a hybrid exchange that combines CeFi with DeFi. In 2020, Bitrue’s executives have made no secret about their desire to incorporate the best elements of decentralized finance into their centralized exchange. On November 2, the platform’s…
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The active supply of Ethereum (ETH), measured on a 6-12 month timeframe, has dipped to its 17-month low. Data fetched by Glassnode shows that there are now over 15.1 million ETH available for accumulation even as the demand for the cryptocurrency grows ahead of its much-awaited protocol migration to proof-of-stake. At its periodic high, the…
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Ethereum has finally begun to push higher as Bitcoin has consolidated in the high-$13,000s. The price of the leading altcoin recently hit $400, the highest price in a number of days despite BTC pushing to new year-to-date highs. Ethereum currently trades slightly below $400 having undergone a slight retracement after tapping that pivotal technical level.…
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Ripple found support near $0.2320 and recovered higher above $0.2380 against the US Dollar. XRP price is consolidating gains and it could rally towards $0.2500. Ripple recovered nicely above the $0.2350 and $0.2380 resistance levels against the US dollar. The price is now trading above the $0.2400 resistance and the 100 hourly simple moving average.…
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Ethereum started a fresh recovery wave above $385 against the US Dollar. ETH price is showing positive signs and it could rally above $400 and $402 in the near term. Ethereum is trading in a positive zone above the key $392 and $395 support levels. The price even spiked above the $400 resistance and settled…
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