Following an extended period of rangebound trading within the upper-$6,000 region, Bitcoin now appears to have entered yet another bout of consolidation around its current price of $6,100. Although it remains unclear as to whether or not Bitcoin’s current market structure is bullish or bearish, there are a few fundamental factors that may suggest a…
DetailsThe aggregated crypto market has been struggling throughout the past few weeks, with it incurring an insane selloff that was catalyzed by Bitcoin’s decline from its mid-February highs of $10,500 to lows of $3,800. This selloff did significant damage to the market’s technical strength, leading many investors and analysts to adopt a bearish sentiment –…
DetailsFor the first time in just under a week, Bitcoin has tumbled under $6,000, extending Friday morning’s losses of 10%. As of the time of writing this, the cryptocurrency trades for $5,930, having hit $5,895 just minutes ago as of the time of this article’s writing. While this price action just transpired, many analysts believe…
DetailsAfter a day-long period of consolidation within the lower-$6,000 region, bulls have once again lost their footing, with bears catalyzing a break below the support that had been established at $6,000. This has led analysts to note that Bitcoin is fast approaching a “bounce or die” level that buyers must defend, or else the benchmark…
DetailsBitcoin hasn’t done too well over the past few hours. As reported by this outlet previously, the cryptocurrency just tumbled under $6,000 just hours ago, falling under this key psychological level for the first time in a week. Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed…
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If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed multiple tweets like the one seen below; stablecoin companies, from Tether to Circle and Paxos, are issuing tens of millions of dollars worth of these digital assets day after day. 10,000,000 #USDC (10,000,000 USD) minted at USDC Treasury Tx:…
DetailsOver the past five hours, cryptocurrencies across the board, from Bitcoin to XRP, have not performed well. Since the daily peak at $6,700, the price of BTC has fallen as low as $6,050, a drop of 10% in a matter of a few hours. This loss has been reflected throughout the rest of the asset…
DetailsWhile headlines about tanking bitcoin prices serve ideal opportunities for investors to enter the cryptocurrency market, one top analyst thinks the asset is lacking new buyers. Alex Saunders, the CEO & Founder of Australia-based Nugget News, offered a wave of discouraging catalysts that might have driven people out of cryptocurrencies, including a wrecked US job…
DetailsAfter an extended bout of sideways trading within the upper-$6,000 region, Bitcoin’s bears finally gained the upper-hand over bulls, leading the benchmark cryptocurrency to plunge to its support within the lower-$6,000 region. This sharp downwards movement that first began late-yesterday also seems to have pushed BTC below a key trendline that bulls were previously defending.…
DetailsThe global markets have seen crypto-esque levels of volatility throughout the past several months, with all of the major benchmark stock market indices seeing intense downwards pressure that led them to post recession-level losses in a short multi-week period. This turbulence in the traditional markets has sparked an interesting phenomenon that many investors didn’t expect…
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