XRP continues to be among the worst performers in the cryptocurrency market, despite maintaining its place as the third-largest cryptocurrency by market cap with relative simplicity. The asset’s woes may finally be ready to turn around, as a series of buy signals stacking across multiple timeframes and trading pairs are pointing to a major recovery…
DetailsEthereum is down more than 10% from the $190 swing high against the US Dollar. ETH price is currently consolidating above $165 and facing key hurdles near the 100 hourly SMA. Ethereum declined sharply below the $175 support and tested the $165 zone. The price is currently consolidating losses and it might correct towards $175.…
DetailsRipple is currently correcting higher from the $0.1780 support zone against the US Dollar. However, XRP price is likely to face another rejection near $0.1880 or $0.1900. Ripple price is trading in a negative zone below the $0.1880 resistance level against the US dollar. The bulls are likely to face a strong selling interest near…
DetailsAt a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell steeply. Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles (Source: Bitcoin Jack Twitter) The data…
DetailsAfter a 100% rally from the $3,700 bottom, Bitcoin has shown signs of weakness over the past few days. Just the other day, the cryptocurrency tumbled from $7,200 to $6,800 in a plunge that liquidated $40 million worth of long positions, convincing many that more downside is near. A classic textbook chart bottom that Bitcoin…
DetailsIn early-March, Bitcoin incurred some of the roughest price action it has ever seen, with the benchmark cryptocurrency finding itself caught within a capitulatory decline that led it from over $8,000 to lows of $3,800. This meltdown occurred concurrently with the global equities market seeing a massive selloff as investors began growing aware of just…
DetailsBitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030. Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar. A few key hurdles are forming on the upside near the…
DetailsChainlink’s immensely bullish uptrend came incredibly close to being invalidated last week during the market-wide downturn, but bulls have since been able to propel LINK higher and bolster its market structure. One top trader is now noting that he is anticipating the crypto to see near-term upside. This possibility could be further enhanced by bull’s…
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Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time. The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its rate near $5,300. Positive fundamentals are holding bitcoin above key support levels for now. Bitcoin failed to sustain above $7,000 after the US oil futures plunged…
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The weekend saw an exploit of the dForce DeFi protocol which netted hackers $25 million worth of crypto. This consisted mostly of Ethereum and stablecoins, with Bitcoin bringing up the tail end of assets stolen. But in a stunning turn of events, the attacker has since returned the stolen funds. Observers believe this was due…
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