Bitcoin has been seeing some rocky price action throughout the past couple of days. There has been an err of caution amongst investors in recent days, with Bitcoin’s position around $10,000 suggesting that its price action in the coming few days and weeks will be pivotal for understanding where it will trend in the days,…
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Ethereum and the entire crypto market have been battered by Bitcoin’s weakness, with the benchmark cryptocurrency’s decline creating headwinds that have caused most digital assets to post serious losses. Some believe that this recent downtrend has marked an end to the bull run that many digital assets have been seeing as of late, with tokens…
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XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap. The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very…
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As tempting as a Bitcoin sandwich may sound, its a stressful moment for investors who find the cryptocurrency at a pivotal level. The asset is currently holding at $10,000, but two targets Bitcoin is sandwiched between mean this level won’t last long – one way or the other. But which way will it be? CME…
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Bitcoin has faced a strong 20% correction over the past five or six days. This drop has brought the leading cryptocurrency from the local highs near $12,100 to a low of $9,800, marking the most notable retracement in months. Analysts remain long-term optimistic about BTC’s bull case. However, the severity of the recent correction has…
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After such a strong break of $10,000 and surge to above $12,000, Bitcoin investors are shocked to be back again at the key level rather than onward to more new highs. But with $10,000 acting as such strong resistance for so long, the market may be retesting this critical zone to confirm it as support.…
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Bitcoin is ardently attempting to hold above $10,000, as this crucial psychological support level has been broken and reclaimed on multiple occasions throughout the past several hours. Earlier today, the cryptocurrency showed some significant signs of weakness as it pushed below this level, with bears sending it as low as $9,900 before it saw a…
DetailsThe blockchain technology underlying cryptocurrencies has evolved over the past few years to create a whole new Decentralized Finance (DeFi) movement. In simple words, DeFi is a collection of alternative financial services that are analogues to traditional products like savings, loans, trading, insurance, etc., built over blockchain technologies. Among all, trading has emerged as the…
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As small traders sold off their Ethereum positions, the large ones preferred to buy them for cheap. At least that is what the latest Santiment charts showed. The trading sentiment tool found that the number of wallets holding between 1,000 and 10,000 surged, while Ethereum prices were going down. Santiment data shows the number of “whales”…
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LINK was among the biggest crypto gainers in the last 24 hours as its price jumped 20 percent. The Chainlink token rose to $13.40 before correcting lower on intraday profit-taking sentiment. As of the early Monday session, LINK/USD was trading at $12.50, just above the technical support offered by its 50-day simple moving average (the…
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