Ethereum continues to struggle amidst the current vicious and volatile market environment caused by the coronavirus outbreak and recession on the horizon. But following a historic market collapse that wiped out nearly all of the asset’s gains thus far this year, Ethereum may finally be ready for a violent reversal after a pair of dragonfly…
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Bitcoin saw a sharp overnight rally that allowed it to surge past the resistance that it was previously facing around $7,000, with the crypto appearing to find some stability within this region – something that has not been seen since its capitulatory decline to $3,800 on March 12th. Analysts are now noting that this latest…
DetailsBitcoin price recently plummeted to under $4,000, bouncing off what may believe is the absolute “floor” for the first-ever cryptocurrency. However, according to data from a top crypto industry analyst, the price floor of Bitcoin could jump to as much as $7,000 to $8,000 immediately after the halving takes place this coming May. But what…
DetailsSomehow, someway, the price of Bitcoin has continued to show resilience after March 12’s capitulation event, decisively retaking $7,300 just minutes ago after trying an failing to surmount this level multiple times over the past few days. As of the time of this article’s writing, BTC is trading at $7,295, up 8% from the session…
DetailsThe aggregated crypto market saw a notable rally today that was led by Bitcoin’s surge past the heavy resistance it was facing at $7,000. This allowed altcoins like Tezos to gain some independent momentum, with XTZ significantly outperforming BTC. This momentum seen by Tezos may be just be a hint of what’s coming in the…
DetailsEthereum has been struggling to garner any momentum as it faces heightened resistance around the mid-$140 region, with this bout of consolidation coming about in tandem with that seen by Bitcoin and most other altcoins. In spite of this, ETH has been able to form a bullish textbook charting pattern that may give it some…
DetailsOver the past week, Bitcoin has done surprisingly well, rallying from the $6,100 price seen last Sunday to a weekly high of $7,200, outperforming a majority of assets. Unfortunately, analysts are warning of a breakdown to pre-recovery levels. Related Reading: The U.S. Dollar is Dying, Buy Bitcoin: “Rich Dad Poor Dad” Author Could Bitcoin Drop…
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Bitcoin has seen some notable short-term movements throughout the past 24-hours, with bulls attempting to push the crypto past $7,000 at around this time yesterday before BTC once again faced a strong and decisive rejection at this level. BTC saw some further volatility today when the crypto plunged towards $6,600 before racing back up towards…
DetailsOver the past few weeks, Bitcoin traders have been divided over whether or not the crypto market has bottomed. Interestingly, many have said no, simply citing the fact that there’s no telling how long the coronavirus crisis will last and how that uncertainty and economic damage will affect traditional markets, especially equities. Though, a popular…
DetailsIf you were asked to name one of Bitcoin’s most prominent proponents, John McAfee would probably be one of the first individuals to come to mind. As the cryptocurrency market was blowing up in 2017, McAfee, the creator of the cybersecurity company that shares his name, shared the below message, claiming that he then believed…
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