Bitcoin retreated by more than 2.5 percent in the early London trading session on profit-taking sentiment. The plunge almost mirrored a similar downside move in spot gold as the precious metal corrected lower shortly after coming at a striking distance of $2,000 an ounce. Analysts at JP Morgan & Chase warned about gold peaking out,…
DetailsSynthetix, the derivatives liquidity protocol for issuance and trading of synthetic assets now has its SNX token listed on OKEx – a leading global crypto spot and derivatives exchange. SNX token deposits as well as spot trading against BTC and USDT went live on July 24, 2020, followed by the activation of token withdrawals on…
Details
Ethereum started a downside correction from the $335 swing high against the US Dollar. ETH price is currently approaching a major support zone near $305 and the 100 hourly SMA. Ethereum is losing bullish momentum and it is now trading below $320. The price is likely to find a strong buying interest near $305 or…
Details
What a day it’s been for the Bitcoin, Ethereum, and crypto markets. After days of consolidation, the leading cryptocurrency surged higher from its sub-$10,000 slumber over the past 48 hours. The asset now trades for $11,000, up around 10% in the past 24 hours alone. Unfortunately, with such market volatility, there have been some mishaps.…
Details
What a day it’s been for the Bitcoin market. After holding under $9,000 for multiple days and weeks, the asset saw an extremely explosive breakout that saw it reach a local high of $10,450 literally just minutes ago. With this latest leg higher, BTC is up 13% in the past 24 hours — outpacing a…
Details
Economist Ray Dalio is warning the world of a potential “capital war” brewing between the United States and China. He believes, that it could have devastating implications on the dollar, which could potentially impact Bitcoin. In such a scenario, how does a capital war between the two feuding global superpowers benefit the first-ever cryptocurrency? Ray…
Details
Bitcoin’s price incurred some soaring momentum today that allowed it to rally as high as $10,900 before facing some insurmountable selling pressure. The cryptocurrency is now consolidating as buyers attempt to garner greater support. It does appear to be a growing possibility that buyers send BTC into the $11,000 region in the near-term, as this…
Details
It’s been an absurd day for Bitcoin. The asset is up in excess of 10% in the past 24 hours, surging higher as crucial resistances fall to buyers. With one of the best daily performances in months and an extremely impressive macro setup, investors around the world are taking notice of Bitcoin. Multiple reports have…
Details
Bitcoin rallied over 10% and it broke the key $10,500 resistance against the US Dollar. BTC is now trading nicely above $11,000 and it seems like the bulls are aiming a test of $12,000. Bitcoin extended its rally above the $10,000 and $10,500 resistance levels. The price traded to a new monthly high at $11,422…
Details
Bitcoin’s intense rally seen yesterday evening allowed it to surmount multiple heavy resistance levels that were previously suppressing its price action. The cryptocurrency has also bolstered its technical outlook, with multiple factors now working firmly in the favor of BTC’s bulls. One such technical factor would be a bull cross seen while looking at its…
Details
