Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the…
DetailsAlthough all cryptocurrencies have had it tough over the past few weeks, XRP has been hit especially hard. The altcoin, the third-largest crypto asset by market capitalization, fell as low as $0.105 on Thursday from its 2020 high of $0.345 established just weeks earlier, marking a drop of 70%. However, the cryptocurrency rapidly bounced back…
DetailsEthereum is trading in a tight range above the $110 support area against the US Dollar. ETH price must break the $132 and $144 resistance levels to start a fresh increase. Ethereum is currently consolidating below the key $144 resistance area against the US Dollar. The price remains well supported on the downside near the…
DetailsRipple is showing signs of a decent recovery above $0.1400 against the US Dollar. XRP price could attempt to surpass the $0.1650 resistance and start a strong rise. Ripple price is facing a couple of key hurdles near $0.1620 and $0.1650 against the US dollar. A key support base seems to be forming near the…
DetailsBitcoin is likely forming a double top pattern near the $6,000 resistance against the US Dollar. BTC price remains at a risk of a sharp decline below $5,000 if it fails to recover above $6,000. Bitcoin is showing a few bearish signs below the $6,000 and $6,200 resistance levels against the US Dollar. There is…
DetailsUnfortunately, it isn’t getting any better for Bitcoin investors after last week’s grueling crash. Over the past 60-odd minutes, after holding at $5,300 for hours on end, BTC has slid under $5,000 yet again, breaching this key price point for the first time since Friday’s capitulation event. Bitcoin’s weakness comes as global equity markets have…
DetailsAlthough all cryptocurrencies have had it tough over the past few weeks, XRP has been hit especially hard. The altcoin, the third-largest crypto asset by market capitalization, fell as low as $0.105 on Thursday from its 2020 high of $0.345 established just weeks earlier, marking a drop of 70%. Despite this brutal performance, a veteran…
DetailsBitcoin really hasn’t done too well over the past few days; since the $9,200 peak seen on Saturday, the price of the cryptocurrency crashed as low as $3,800, marking a more-than-50% crash from the weekly high. Unfortunately, a key signal suggests that the prospects of recovery may be diminishing. Related Reading: Crypto Tidbits: Bitcoin Plunges…
DetailsEthereum corrected higher after a massive decline towards $90 against the US Dollar, similar to bitcoin. ETH price is struggling to correct above $130 and it could resume its decline. ETH price is showing a few bearish signs below the $130 and $140 levels against the US Dollar. The price is trading with a bearish…
DetailsBitcoin is currently correcting higher from the $3,906 swing low against the US Dollar. BTC is now forming a crucial breakout pattern, which is likely to decide the next move. Bitcoin price seems to be facing a lot of hurdles on the upside near $5,500 and $5,950. The price is now trading well below $6,500…
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