It has been a generally positive day for the crypto markets, with Bitcoin’s rebound from its dip below $6,600 yesterday allowing it to incur some notable momentum that has since led it to break back into the $7,000 region. The intensity of this uptrend has been particularly visible amongst altcoins – many of which have…
DetailsBitcoin’s intense overnight rally has stalled within the lower-$7,000 region, as the benchmark cryptocurrency has been unable to surmount the heavy selling pressure that has been firmly established just above its current price region. Its inability to push higher despite the overt bullishness of its swift rebound from lows of $6,600 may stem in part…
DetailsEthereum has been one of the best performing cryptocurrencies throughout the course of the recent uptrend that was incurred yesterday evening, with ETH’s bulls propelling the crypto up nearly 10%. This intense uptrend has come shortly after new data was released showing a massive influx of institutional money into ETH, which could be a sign…
DetailsThe highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset’s hard-coded digital scarcity, may not be mathematically sound, according to the CIO of Arcane Assets, Eric Wall. Wall not only claims the S2F model is flawed, but has offered up an alternative, dubbed the Reddit Rainbow chart, that…
DetailsXRP really hasn’t done too well over the past few months. Case in point: crypto data provider Messari indicates that “XRP was the worst performer in Q1 of the top 25 assets” in its “currencies sector,” which excludes Bitcoin. This means that XRP underperformed Bitcoin Cash, Litecoin, Monero, Stellar, and many other cryptocurrencies over the…
DetailsWhile Bitcoin has embarked on a steep recovery since the $3,700 lows seen in March, some have still been questioning the value of cryptocurrency. Case in point: a hedge fund manager named Mark Dow recently shared that he thinks the cryptocurrency is on the “edge of a cliff,” adding: “I’ve been saying…that Bitcoin on the…
DetailsThe unstoppable altcoin asset that’s taken the cryptocurrency market by storm, Tezos, has potentially formed a bull pennant on both the XTZUSD and XTZBTC pairs, signaling that a powerful breakout could be coming causing the asset to rally against both the dollar and Bitcoin. Tezos Bull Pennant Signals Potential Rally In Coming Days Across Crypto…
DetailsThe crypto market is like the wild west, with extreme price volatility across all major assets in the space due to the speculative nature of the asset class combined with the low liquidity environment. But it’s still ruled by normal market dynamics, and responds well to certain technical analysis indicators, chart patterns, and more. One…
DetailsAfter peaking just shy of $7,000 today, Bitcoin has tumbled lower, falling from the $6,950 high to $6,600 just minutes ago, a drop of 5%. Altcoins have followed suit, posting a similar loss to the crypto market leader. Bitcoin’s recent bout of weakness comes as the stock market has shown signs of reversing after last…
DetailsBitcoin failed to surpass the $6,900 and $7,000 resistance levels against the US Dollar. BTC price is back in a bearish zone and it could continue lower towards $6,200 or $6,000. Bitcoin is down around 4% and it is now trading well below the $6,800 level against the US Dollar. There was a break below…
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