Bitcoin price failed to hold gains above the $11,550 support zone against the US Dollar. BTC is currently declining and it seems like the bears are aiming a downside break below $11,000. Bitcoin is now trading well below the $11,650 and $11,550 support levels. The price revisited the $11,100 level and settled well below the…
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Ripple is declining and it broke the $0.2800 support zone against the US Dollar. XRP price is currently correcting higher, but upsides are likely to remain capped near $0.2810. Ripple is slowly moving into a bearish zone below the $0.2800 support zone against the US dollar. The price traded as low as $0.2704 and it…
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Ethereum has been trading in close tandem with Bitcoin in recent weeks, but this correlation showed some signs of degrading just a couple of days ago when the cryptocurrency rallied to highs of $410 while BTC remained stuck below $12,000. This rally proved to be fleeting, however, as it was quickly followed by a massive…
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Chainlink, like most other altcoins, is facing some heightened selling pressure today due to the market-wide downturn. This has compounded the weakness that LINK was already facing prior to the declines seen by Bitcoin, Ethereum, and most other major altcoins today. Despite seeing some weakness today that has erased the gains it posted over the…
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Google Trends can be a helpful tool to watch to spot sudden changes in crypto market sentiment. For example, searches for Bitcoin peaked back in 2017 when the asset ballooned to $20,000 before the bubble popped. Nearly three full years later, search queries for the term “buy crypto” has reached the highest level since the…
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One of 2020’s most profitable DeFi tokens, LEND, proved that the rising buying pressure behind is not only speculative. Recently, it was revealed that Aave Limited, Aave’s UK business entity, earned itself an Electronic Money Institution license in July. Aave Granted Financial License in the UK The authorization enabled the grantee to offer services that include…
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The total crypto market capitalization is up over 80% year to date, adding a staggering $155 billion in just eight months. The major boost from both Bitcoin and altcoins has brought the total market cap to $432 billion – a level that hasn’t been revisited since April 2018, when the bear market first began. Is…
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Ethereum has been one of the best-performing assets in 2020, bar none. It beat Bitcoin, gold, stocks, and other assets in the best return on investment, had the $1,200 stimulus check be entirely invested in assets. But after today’s 10% intraday drop, the top-ranked altcoin is at risk of closing the daily with a bearish…
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Bitcoin price earlier today broke below $11,500 and within hours slid below $11,400 momentarily. Currently, the leading cryptocurrency by market cap is trying to find support at the critical level. But why is this level so important for bulls to maintain? And if this level is lost, where may targets lie below? Bitcoin Falls Below…
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XRP has been facing some weakness throughout the past several days and weeks, with buyers being unable to propel it above the key $0.30 region. Despite this short-term weakness, analysts believe that its mid-term outlook is incredibly bright. One trader is now noting that he is expecting the cryptocurrency’s price to see a major upswing…
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