Bitcoin and equities investors alike are closely watching to see whether or not the United States Senate is able to pass a massive $2 trillion economic stimulus package that is expected to be voted on today. The result of this vote will be quite telling as to just how far the government is willing to…
DetailsEthereum has been closely tracking Bitcoin’s price action over the past day, which has led it to once again enter a consolidatory phase within the mid-$130 region. This bout of sideways trading closely follows the crypto’s recent rally that sent it surging towards its key resistance at $140. In the near-term, analysts are noting that…
DetailsBitcoin has once again found itself caught within a bout of sideways trading within the upper-$6,000 region, which comes close on the heels of its recent upwards movement that led it to highs of $6,900 yesterday. It is important to note that in the time following this rally, BTC has made multiple attempts to break…
DetailsThe U.S. stock market and the cryptocurrency market have both rocketed higher in tandem today, with the Dow Jones posting one of its largest single day gains ever while Bitcoin has been able to climb over 6%. All of the notable rallies seen in the stock market over the past few weeks have been followed…
DetailsBitcoin has continued to strengthen over the past few hours, rallying as high as $6,850 on Tuesday morning and now trading at $6,790 as of the time of this article’s writing. According to data from TradingView, the cryptocurrency has gained 4% since the trading session started, marking yet another day of gains. BTC remains below…
DetailsEthereum is currently trading nicely above the $135 support area against the US Dollar. ETH price is likely to break the $142 and $144 resistance levels for a move towards $150. Ethereum is trading in a positive zone above the $135 support against the US Dollar. The price is currently consolidating gains below the $144…
DetailsRipple gained traction above $0.1550 and tested the $0.1640 resistance region against the US Dollar. XRP price is currently correcting lower, but dips remain attractive in the short term. Ripple price is currently correcting gains from the $0.1645 swing high against the US dollar. The bulls are in control and they are likely to protect…
DetailsBitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions. Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar. The price could grind higher towards…
DetailsOver the past day or two, the price of Bitcoin has continued to show signs of strength, rallying as high as $6,800 on Tuesday afternoon (TradingView data) as global markets begin to show signs of recovery after weeks of downward price action. Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s…
DetailsBitcoin bulls were cheerful this Tuesday as a top analyst’s call to purchase gold amidst the Coronavirus-induced market turmoil created similar opportunities for the cryptocurrency. Jeffrey Currie, a commodity researcher at Goldman Sachs, said in a note that the yellow metal has reached an “inflection point” after the Federal Reserve announced that it would buy…
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