After breaking out past $250 on June 1st, Ethereum saw a harsh rejection on June 2nd. The asset fell from over $250 to $225 in a matter of minutes, crushed as Bitcoin slipped by a similar amount on top exchanges. Despite this strong drop, analysts assert that bulls still remain in control of the asset.…
DetailsAfter the $1,500 drop that Bitcoin sustained just the other day, analysts are reconsidering their bullish skew on the crypto market. One analyst went as far as to suggest that the cryptocurrency is poised to correct towards the $7,000s after seeing that harsh rejection above $10,000. The analyst in question predicted months in advance BTC…
DetailsBitcoin has seen incredibly mixed price action in recent times, with its rally to $10,400 invigorating buyers while its decline from these highs has bolstered bulls. Although its mid-term trend remains incredibly unclear, there are a few technical factors that offer insight into the cryptocurrency’s near-term outlook. One such pattern suggests that the crypto is…
DetailsEthereum is down more than 5% as it broke the $240 support against the US Dollar. ETH price found support near $220 and it is currently correcting higher towards key hurdles. Ethereum failed to continue above $250 and it started a major decline. The price dived below $240 and it even spiked below the $230…
DetailsStarting June 3, 2020, the KuMEX crypto futures trading platform will be rebranded as KuCoin Futures, announced the IDG-backed cryptocurrency exchange giant. In addition to the rebranding exercise, the platform will also be launching an Ethereum perpetual contract with 100x leverage. According to the announcement, KuCoin Futures will be available on its new official website:…
DetailsBitcoin remains below the crucial resistances of $10,500 and $14,000 but that hasn’t stopped investors from speculating as to where BTC will top in the upcoming bull run. One prominent executive and programmer in the space is speculating that a price of $300,000 is possible within the next five years. Here’s why he thinks so.…
DetailsBitcoin repeatedly failed to hold its prices above $10,000 since February 2020. The cryptocurrency on Tuesday fell by more than $1,000 from its quarterly high above $10,400, logging another upside rejection above the $10K level. But a stark US dollar warning could send investors back to Bitcoin and other risky assets, helping it break and…
DetailsRipple failed to continue higher above $0.2150 and declined sharply against the US Dollar. XRP is showing bearish signs just like bitcoin and it could dive further below $0.2000. Ripple traded as high as $0.2146 and recently started a sharp decline against the US dollar. The price is now trading well below $0.2050 and remains…
DetailsBitcoin is down more than 6% and it trimmed most its gains above $10,000 against the US Dollar. BTC price is currently holding the key uptrend support at $9,300, but it is vulnerable to a larger decline. Bitcoin failed to continue higher and declined sharply below the $10,000 pivot level. The price broke many supports…
DetailsJust 24 hours ago, Bitcoin had rocketed back above $10,000 for the first time in weeks. It was a move that liquidated over $100 million worth of BitMEX shorts, shocking investors across the industry. At the time, investors were extremely optimistic. Galaxy Digital co-founder and CEO Mike Novogratz shared around the time of the surge…
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