Bitcoin price continues to consolidate above $9,000 but has repeatedly failed to break above $10,000. The lower the asset’s value gets, the more it falls below the cost of production for many miners. A key metric measuring the impact price action has on miner operations, is signaling that more miners are capitulating during the current…
Details
Bitcoin futures open interest over at the Chicago Merchantile Exchange, better known as CME, has surged by 3,000% since the start of May 2020. What’s fueling the sudden spike in interest in the first-ever cryptocurrency and can it continue into the future? Bitcoin CME Futures Open Interest Grows By 3,000% in May 2020 Alone The…
Details
Bitcoin is back in the spotlight of the cryptocurrency market after taking a nearly 10% dum. The sudden bearish impulse saw the asset’s price drop from a high of $9,970 to a low of $9,050. Alongside the price slump, over $80 million worth of long and short BTC positions were liquidated on BitMEX alone. From…
Details
Bitcoin’s recent volatility has done some damage to its underlying market structure, despite it being able to post an ardent defense of the lower boundary of its long-established trading range. Yesterday, the crypto plunged to lows of $9,000 before finding any strong support, but it has since been able to rebound from these lows. Despite…
DetailsDecentralization is at the heart of cryptocurrency movements and their economic systems. It is decentralization that makes DEXs fascinating; after all, decentralized peer-to-peer transactions have proven to be the safest ways to transfer cryptocurrency. DEXs have the true potential to disrupt the exchange space because the users always maintain control of their assets, making it…
Details
What is automated crypto trading and why is it so popular? Algorithmic trading, also known as autotrading is the use of an automated system, which is pre-programmed with instructions for executing transactions based on a range of factors, such as trading volume, market volatility, the current asset price and more. While the emerging crypto economy…
Details
Bitcoin rallied Friday, a day after undergoing a significant sell-off that crashed its price by circa 6 percent. The cryptocurrency’s upside correction came alongside similar recovery moves in the U.S. stocks. The risk-on sentiment led the benchmark bond yields higher to 0.7 percent after four days of decline. A reversal in yields could send bitcoin,…
Details
Ethereum failed to surpass the $250 resistance and declined sharply against the US Dollar. ETH price could continue to move down as long as it is below $240 and the 100 hourly simple moving average. Ethereum started a major decline after it failed to clear the main $1250 resistance zone. The price declined sharply below…
Details
It’s been a brutal past 24 hours for Bitcoin. After attempting to secure $10,000 as support on June 10th, the cryptocurrency failed to do so, diving instead of rallying as most investors were expecting. The weakness culminated in a $1,000 drop lower on June 11th that took place over the course of approximately eight hours.…
Details
Bitcoin rallied Friday, reversing a minor portion of its losses incurred during the yesterday’s sell-off. The cryptocurrency retraced upward from a convincing support trendline. It now appears to be trending inside a technical pattern, which has a 70 percent success rate in sending prices higher. Bitcoin rallied a day after experiencing a significant sell-off that…
Details
