Bitcoin price has been flying over the last few weeks, ever since the cryptocurrency broke free from its tight trading range and took out $10K resistance. Within days, the cryptocurrency found itself trading over $12,000, where it has failed to hold thus far. For bulls to keep the momentum going, this weekly close is especially…
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Bitcoin and the aggregated crypto market are currently caught within the throes of a volatile trading session, with BTC plunging below its key $12,000 support level. The break below this crucial support caused it to plunge as low as $11,600, with bulls stepping up and guarding against a decline beneath this level. Analysts are now…
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IOHK CEO Charles Hoskinson has announced several new features aimed at helping small stake pools on the Cardano network. Staking on Cardano went live on July 29th, following the Shelley mainnet launch. Although it’s still early days, the past three weeks or so have highlighted a gulf between big and small staking pools. Hoskinson believes…
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Bitcoin bulls once again failed to hold the price above $12,000, owing to a higher selling pressure near the level. The benchmark cryptocurrency broke upwards of $12,000 on Monday. The rally exceeded towards $12,486 (data from Coinbase), a level that saw massive liquidations of long positions. The higher bids failed to find any fresh buyers,…
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After a multi-year bear market, Litecoin (LTC) has finally begun to move higher over recent days. The asset has gained around 20% since the lows of last week at approximately $55. While there are many arguing that LTC has momentum, one analyst says that Litecoin is one of the “better bearish plays” in the crypto…
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Bitcoin’s mounting fundamental strength has been forming a compelling case that upside may be imminent for the cryptocurrency. This underlying strength can be seen on multiple fronts, with the cryptocurrency’s market health growing due to spikes in the asset’s liquidity as well as its investor sentiment. One on-chain indicator that examines the profitability of Bitcoin…
DetailsAlthough Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some reports, around two-thirds of all mining machines are based in the country, concentrated in the river regions where electricity is cheap. Some argue that this centralization is something that shouldn’t be worried about; after all, China has…
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Bitcoin price started a downside correction from the $12,500 resistance against the US Dollar. BTC is currently trading below $12,000, but there are many key supports on the downside. Bitcoin started a short-term downside correction and traded below the $12,000 support. The price is likely to find a strong support near $11,800 or $11,550. There…
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Ethereum failed to clear the $445 resistance and declined below $420 against the US Dollar. ETH price is now approaching a major support zone near the $400 handle. Ethereum is down over 5% and it broke the $425 and $420 support levels. The price even settled below the $420 level and the 100 hourly simple…
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