Bitcoin has continued to rally higher since our last market update, recently retaking $9,300 for the first time since the crash on the morning of May 10th. Bitcoin’s price action from May 8 to today charted by TradingView.com. This strong recovery comes after Bitcoin fell as low as $8,100 due to a sell-off prior to…
DetailsEthereum has some immense weakness in recent times, severely underperforming Bitcoin and the aggregated crypto market as it continues struggling to garner any upwards momentum. Traders don’t seem to think that this lackluster price action will last for too much longer, however, as open interest for ETH has been rocketing higher throughout the past 12-hours.…
DetailsThe bull-case for Bitcoin continues growing stronger by the day. The benchmark cryptocurrency has been able to move above the $9,000 resistance level that was previously hampering its price action. It now appears to be poised to push higher as its technical outlook grows increasingly positive. The crypto’s strength may be further enhanced by an…
DetailsLast month, as reported by NewsBTC, leaked screenshots suggested that Reddit was dabbling in Ethereum. Information shared by a user named “MagoCrypto” indicated that the giant social media forum with hundreds of millions of active users had attached an Ethereum address to the accounts of a limited set of users. Mago suggested that from the…
DetailsBitcoin has been flashing signs of bourgeoning technical strength in the time following its recent dip to lows of $8,100. From this point, the cryptocurrency has been able to incur a steady climb higher that has since allowed it to once again surmount the $9,000 region. BTC is now fast approaching a key trend-defining moving…
DetailsIn its latest State of Bitcoin report, Delphi Digital explains that Bitcoin will benefit the most from the pledge made by central banks around the world to do what is needed to keep their economies afloat. Or as the Federal Reserve Bank said: “[We] will continue to purchase Treasury securities and agency mortgage-backed securities in…
DetailsBoth Bitcoin and the stock market have recovered strongly since the March lows, but the “real” economy is not in a good place. As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far removed from capital markets.…
DetailsBitcoin broke a major resistance zone near $9,000 and $9,100 against the US Dollar. BTC price is gaining momentum and it could soon climb above $9,500 and test $10,000. Bitcoin started a strong rise and broke the key $9,100 resistance zone. The price is now trading close to $9,400 and it might soon attempt to…
DetailsEthereum is slowly rising and it recently broke the $192 resistance against the US Dollar. ETH price must gain bullish momentum above $205 to start a strong rally towards $220 or $230. Ethereum is moving into a positive zone, with a close above the $192 resistance. The price is still struggling to clear the $200…
DetailsRipple remained strong above $0.1900 and $0.1920 against the US Dollar. However, XRP must surpass the $0.2000 and $0.2050 resistance levels to gain bullish momentum in the near term. Ripple is slowly moving higher and it is trading above the $0.1950 level against the US dollar. The price is currently facing a couple of key…
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