While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the…
DetailsBitcoin saw an intense downwards movement yesterday that led the benchmark cryptocurrency to erase the gains that came about as a result of its latest push towards the coveted five-figure price region. The crypto’s drop led it to erase nearly $2,000 from yesterday’s highs. It has been able to recover a small portion of these…
DetailsBitcoin witnessed some immense volatility yesterday that caused it to shed over $20 billion off of its market cap. This capitulatory decline came about shortly after the crypto navigated into the five-figure price region. This volatility was sparked after the crypto posted multiple failed attempts to break into the $10,000 region, signaling that the resistance…
DetailsThe cryptocurrency market has been going through some tough times in recent months as the coronavirus pandemic continues to affect the entire world. However, the prevailing conditions in the industry are far better than the conventional global financial markets. While the entire world stares at an inevitable recession in the coming days, many investors…
Details
Just 24 hours ago, analysts expected for Bitcoin to gun for fresh highs past $10,100. The cryptocurrency was holding $9,800-10,000, seemingly poised to press even higher than it already had. Bears, however, had the upper hand, sending Bitcoin crashing by $2,000 within a day’s time. It was a move that liquidated $250 million worth of…
DetailsLike Bitcoin and other crypto assets, Chainlink (LINK) has been on a remarkable rally since the lows. The leading cryptocurrency this week hit a high of $4.20 — up 170% from the lows of March 12th — per data from Tradingview. LINK has only held above $4.00 for a short period of time. But a prominent…
DetailsEthereum is down more than 10% and it broke the key $200 support against the US Dollar. Bitcoin’s decline is increasing pressure on ETH and it could decline further to $175. ETH price is gaining bearish momentum and it broke the key $200 support zone against the US Dollar. It is now trading below $192…
DetailsBitcoin is down more than 10% from the $10,090 high against the US Dollar. BTC found support near the 100-day simple moving average and it could start a fresh increase. Bitcoin climbed to a new monthly high at $10,097 before starting a downside correction. The recent pre-halving dump found support near the 100-day simple moving…
Details
Bitcoin hasn’t done too hot over the past hour. After closing Saturday’s candle at $9,600, the cryptocurrency fell off a cliff, hitting a low of $8,100 on some exchanges on an influx of sell orders. This marked a nearly $2,000 reversal from where Bitcoin was trading at just 24 hours earlier. Few traders were ready…
DetailsBitcoin’s rally has shown some slight signs of slowing as it struggles to gain a solid foothold within the $10,000 region. The cryptocurrency is now consolidating as buyers attempt to gain greater support. It does appear that options traders are overwhelmingly beginning to flip short on the benchmark cryptocurrency – a sign that they are…
Details
