Bitcoin price is trading in a range above the $11,700 support zone against the US Dollar. BTC is likely to surge higher once it clears the main $12,000 resistance zone. Bitcoin is trading in a positive zone above the $11,700 and $11,750 support levels. The price is facing a strong resistance near $12,000, but it…
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Ripple is trading in a positive zone above the $0.2920 support zone against the US Dollar. XRP price is likely to continue higher if it clears the $0.3055 resistance zone. Ripple gained bullish momentum and settled above the $0.2920 pivot against the US dollar. The price is currently struggling to clear $0.3055, but it is…
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Bitcoin has struggled immensely at the $12,000 resistance over the past two weeks. On at least four separate occasions over this time frame, the leading cryptocurrency has been cleanly rejected at $12,000. Often, the rejection took place at that level exactly, down to a few dollars. While some analysts don’t assign much importance to that…
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Compound’s price has been caught within an intense consolidation phase throughout the past week, with COMP oscillating primarily between $190 and $220. The cryptocurrency has been struggling to garner any clear momentum, with the crypto’s intense upswing seen earlier this month starting to show some signs of faltering. Despite this, analysts remain confident that COMP…
DetailsWhen analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever. Many Ethereum bulls hailed the achievement of this milestone as a testament to the…
DetailsLooking for more signs that cryptocurrencies may be entering a new bull market? Look no further than Coinbase, where on average, buying any crypto asset offered by the platform would have resulted in 50% ROI or more. But which coins were the top-performing crypto on Coinbase, and which, if any, were lagging behind? Coinbase Coins…
DetailsThe second week of August 2020 has been one of the most exciting weeks for the DeFi ecosystem, following the list of four prominent tokens on global crypto spot and derivatives exchange OKEx. The latest DeFi token to be listed on the platform is Curve Finance’s CRV governance token which became available for spot trading…
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Against Bitcoin, Litecoin has not performed well since the highs of 2017 and 2018. As of this article’s writing, the price of LTC in Bitcoin terms is 0.0053 BTC — again, far from all-time highs. Analysts believe that LTC is set to outperform Bitcoin, though. They cite technical trends that show Litecoin is breaking higher…
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Bitcoin and the entire cryptocurrency market have been seeing some rather mixed price action in recent weeks. Although the benchmark digital asset currently remains caught within a prolonged consolidation phase within the upper-$11,000 region, it has been facing multiple rejections at $12,000 that have hampered its near-term outlook. The latest rejection at this level took…
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Ethereum has been on a remarkable rally over the past few weeks. Since the start of July, when the asset was trading closer to ~$220, ETH has literally doubled. It trades just shy of $440 as of this article’s writing, flat in the past 24 hours. Although some see this move as an impulsive surge…
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