Bitcoin price this past week collapsed from the 2020 high of over $12,400 to under $10,000. More than seven distinct drops to below $10,000 have been bought up already. During each plunge down, however, some of the weakest hands in the crypto market may have been shaken out, according to one uncommon metric. If that’s…
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Wow. In the span of two minutes, Bitcoin (BTC) spiked $300 from the $9,920 to slightly above $10,200. The leading cryptocurrency proceeded to drop by $200 in the five minutes that followed this rally. Chart of BTC’s price action over the past few hours from TradingView.com According to Skew.com, a crypto derivatives tracker, more than…
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Ethereum has seen a sharp rebound from its recent lows today, with bulls and bears remaining engaged in a heated battle for control over its mid-term trend. This trend is somewhat unclear at the moment, as Ethereum has been facing multiple strong selloffs throughout the past few days, but each dip has been followed by…
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Chainlink, like many major altcoins, has witnessed incredibly mixed price action in recent weeks. The cryptocurrency’s general trend has been largely dependent on that of Bitcoin, as the benchmark digital asset has been firmly guiding the entire market throughout the past few days and weeks. This has mostly exposed altcoins to bearish momentum, as BTC…
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Ethereum just collapsed a full 37% over the last week, following a new 2020 high and a record over 300% rally from Black Thursday lows. But despite how sharp and violent the selloff has been, its possible that the price action is a bullish retest that after confirmation leads to more new highs ahead. According…
DetailsBitcoin price is falling and the market is already fearful of a repeat of Black Thursday. But if massive “high net worth” whales have anything to say about it, another such plummet is extremely improbable. Why? Because since that day, these same whales have amassed a substantial amount of the BTC supply. But what is…
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Bitcoin is once again trading down at its crucial $10,000 support level. Earlier today, bears attempted to invalidate this support when they pushed it to $9,900, but the cryptocurrency was able to rebound from these lows. Analysts are now conflicted on where BTC will trend next, as a continued defense of $10,000 would be bullish,…
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Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent. The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000.…
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Bitcoin briefly lost its balance near the $10,000-support on Tuesday as traders remained jittery about its recent fall from $10,500. The BTC/USD exchange rate fell to an intraday low of $9,993, down 3.68 percent from its opening rate. The latest sell-off appeared on the backs of a stronger US dollar. The greenback rose 0.32 percent…
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Bitcoin has collapsed by over $2,000 since the highs of last week. Even after a slight bounce at the $9,800 lows, BTC remains 20% below those highs. Bitcoin’s inability to capture key resistances in the $10,500-11,000 region has left some analysts concerned. The concerned say that consolidation under $10,500 may trigger a move to the…
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