Last night ahead of an important daily close in the crypto market, Bitcoin broke up from a symmetrical triangle formation and closed the session price candle above the important resistance level of $10,000. If Bitcoin can finally hold above this level and confirm the triangle as resistance turned support, the upside breakout technical target of…
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The popular crypto exchange Coinbase has come under scrutiny recently by the greater cryptocurrency community, after widespread frustration over system outages during peak Bitcoin volatility has boiled over. What’s causing the issues and why can’t Coinbase keep up with the meager crypto demand currently, and what does this mean for the next bull market if…
DetailsThe IDG-backed KuCoin crypto exchange platform has announced its partnership with blockchain analysis company Chainalysis to further enhance the platform’s compliance and security. The partnership is part of KuCoin’s commitment towards promoting compliance-first business practices in the crypto industry as it will be integrating the Chainalysis KYT (Know-Your-Transaction) software to detect and prevent suspicious and…
DetailsA macro fund with moderate exposure in Bitcoin and Ethereum markets has yielded 29.67 percent gains in mid-Q2. The so-called “cryptocurrency basket” in the Albright Investment Group’s portfolio performed better than stocks, ETFs, gold, and silver. Co-founder Victor Dergunov, meanwhile, noted that there might be pullbacks ahead. Bitcoin and Ethereum emerged as star performers in…
DetailsEthereum is gaining bullish momentum and it recently tested the $250 resistance against the US Dollar. ETH price is likely to continue higher above the $255 and $260 resistance levels. Ethereum is showing a lot of positive signs above the $240 level. The price is currently struggling to gain bullish momentum above the $250 resistance…
DetailsAfter coiling under $10,000 for days, Bitcoin saw an explosive breakout on Monday. The cryptocurrency reached a local high of $10,429 during the surge higher, around $1,000 higher than where it had traded at just days earlier. $10,429 is the highest price BTC has traded at since February’s highs. While the price action has undoubtedly…
DetailsBitcoin leaped over $10,000 in Monday trade as a weakening dollar sentiment sent risky assets higher. The cryptocurrency corrected lower in the early morning Tuesday but signaled strength amid an optimistic macro outlook. Top analysts further predicted the rally to continue, with popular crypto commentator, Ivan Liljeqvist, forecasting a $20,000 price prediction. Bitcoin was among the…
DetailsBitcoin price just reached overvalued status for the first time since September 2019, according to the asset’s Energy Value indicator. While this may sound like a negative thing, after this indicator has bottomed out in the past after each halving, it has spiked upward along with the asset’s price until they each top out once…
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XRP has been trapped around $0.20 for the past several weeks, caught within a strikingly firm consolidation channel that has given it little room to make any notable movements. This has made its trend grow increasingly unclear and has caused it to post a severe underperformance of Bitcoin and many of its other peers. Analysts…
DetailsEthereum’s intense momentum stalled after it peaked at $145 this weekend. The cryptocurrency now appears to be well-positioned to see further upside, as this momentum significantly bolstered its market structure. The recent movement that led ETH to rally from the lower-$200 region to highs of $245 left a trail of destruction in its wake, liquidating…
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