Over the past three weeks, since Bitcoin hit $3,800 in a capitulation event, the cryptocurrency market has mounted an extremely strong recovery. In fact, just the other day, the cryptocurrency shot some 10% higher within a few hours’ time, rallying from $6,600 to $7,200 in a strong upward swing that liquidated dozens of millions worth…
DetailsOver the past few weeks, Bitcoin, not Ethereum or XRP, has been the focus of many crypto traders. But, two top analysts believe that the third-largest cryptocurrency, XRP, could soon gain strength against the market leader, citing simple technical factors that suggest upside is imminent. XRP To Outpace Bitcoin? On March 31st, Luke Martin, a…
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It feels as though the past couple of months have marked the end of an era, and one prominent Bitcoin whale is now noting that he believes the world is about to incur one of the biggest economic shocks seen in generations. This may fundamentally alter the structure and dynamics of society, with attempts being…
DetailsAfter a general slowdown, the global economy has now suffered a secondary blow due to the worldwide coronavirus pandemic which forced a lot of businesses to temporarily suspend operations or stick to minimum capacities. As more people fall sick and cities go on lockdown, the working capital available for individuals or companies to function has…
DetailsSince Black Thursday, which saw Bitcoin bottom at $4.6k on the day, the number one cryptocurrency has since been range-bound with strong resistance at the $6.8k level. Although it’s been able to post definite gains since that recent low, some analysts expect to see a further breakdown as the knock-on effects of the pandemic wreak…
DetailsFutures linked to the bitcoin market experienced a spike in their volumes this Thursday as the cryptocurrency’s spot rate broke above $7,000. Crypto statist Skew highlighted that trading activity on CME’s and Bakkt’s bitcoin derivatives marketplaces surged by up to $595 million and $27 million, respectively. The move uphill left CME’s open interest as high…
DetailsWith an economic collapse upon us, it has revived discussion around the concepts that prompted the creation of Bitcoin. And although the asset could have its finest hour in the face of the coming hyperinflation, ironically, the first-ever cryptocurrency’s existence currently depends on the banks that it was designed to replace. Will this ever change,…
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The cryptocurrency Tezos has only just come back down to Earth after spending early 2020 skyrocketing to new highs, but according to one crypto analyst, a moon mission may be next for the hyped-up altcoin following an inverted hammer reversal candle. Cryptocurrency Refuels After Historic Crash Coronavirus Collapse Few altcoins have had as strong of…
DetailsIt has been an interesting week for XRP, with the Ripple-associated token seeing some unique turbulence that allowed it to rally independent of the aggregated crypto market late-last week before once again reestablishing a close correlation to Bitcoin. This price action has come as the cryptocurrency hovers around a key support level that has been…
DetailsBitcoin price may be trading as much as 40% lower than it was at the start of they year, but the low prices are causing significantly more buy pressure in the cryptocurrency market than the massive early 2020 rally that took the asset to over $10,000. Remembering Bitcoin’s Rally in Early 2020 2017 was all…
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