Ethereum is forming a decent support base above $180 against the US Dollar. ETH price is likely to start a strong increase if it breaks the $192 resistance zone. Ethereum started an upside correction from the $180 low and corrected above $185. The price is currently facing a couple of key hurdles near $190 and…
DetailsBitcoin declined heavily from the $10,000 resistance against the US Dollar. BTC is currently correcting higher and it seems like the bulls are likely to push the price back above $9,000. Bitcoin found support above the key $8,200 and $8,000 pivot levels. A low is formed at $8,267 and the price is currently correcting higher.…
DetailsThere are many traders flipping bearish after Bitcoin’s strong retracement over the past day. As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in different directions. Yet, the…
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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…
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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…
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