Bitcoin started a strong downside correction from the $9,945 high against the US Dollar. BTC tested the $8,800 support area and it is currently correcting higher. Bitcoin is trading above the key $8,800 and $9,000 support levels. The price is facing a couple of key hurdles near the $9,400 and $9,500 levels. There is a…
DetailsEthereum is trading nicely above the $192 and $200 support levels against the US Dollar. ETH price could start a strong rally if it clears the $210 and $215 resistance levels. ETH price is showing positive signs above $200 pivot level against the US Dollar. A strong support base is forming above $205 and the…
DetailsJust nine weeks ago, the crypto market fell off the face of a cliff. Within 24 hours, from the peak to trough, the price of Bitcoin fell by more than 50% from ~$7,600 to $3,700. It was a move caused by a global liquidation event in all markets, triggered by a run for cash to…
DetailsTen years ago yesterday, programmer Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John’s pizzas in a trade that took place publicly on the Bitcoin Talk forum. Bitcoin Pizza ad from 2010 | Source: BitcoinTalk.org At the time, the transaction was largely laughed at — who would want some worthless internet coins for two steaming…
DetailsAfter plunging as low as $8,800 on Thursday, Bitcoin has mounted a slight recovery to $9,300, bouncing back from this week’s shell-shock rumor that Satoshi Nakamoto is liquidating his coins. While it’s too soon to tell whether or not BTC is in a full-blown bull market, a prominent trader says that Bitcoin capturing a specific…
DetailsEthereum has been able to maintain its position above $200 despite facing some intense selling pressure earlier this week. The cryptocurrency is now attempting to generate some upwards momentum as it fast approaches a key resistance level. Traders do anticipate this level to be surmounted in the days ahead, as its technical outlook has been…
DetailsBitcoin saw a 6% negative mining difficulty adjustment this week, which ensures that the cryptocurrency will continue mining blocks every ten minutes. This indicates that the cryptocurrency is rapidly seeing a reduction in the number of miners vying to validate transactions, suggesting that the implications of the recent mining rewards halving event are starting to…
DetailsAnother week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week. After rallying towards $10,000 at the start of the week on the back of post-halving buying, seemingly caused by both retail and institutional players, Bitcoin plunged to $8,800 over the course of two days. Altcoins posted similar losses, with some underperforming the…
DetailsOne key on-chain indicator is now signaling that Bitcoin is seeing intense underlying strength despite its recent turbulent price action. BTC’s NVT is a widely respected indicator that weighs the number of unique tokens being transacted on the Bitcoin network with the cryptocurrency’s price action. Because the network is still being heavily utilized by investors,…
DetailsBitcoin has entered what appears to be yet another consolidation phase within the lower-$9,000 region. The crypto is struggling to garner any momentum as its buyers and sellers both reach an impasse following its recent decline. It now appears that the crypto could be gearing up for a massive movement in the days and week…
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