Crypto traders have been closely watching the rapidly developing Coronvirus pandemic’s impacts on the global economy, as Bitcoin’s recent status as a risk-on asset has made it particularly prone to seeing volatility similar to that seen by the traditional markets. This risk-on asset classification may soon be nullified, however, as the benchmark cryptocurrency has seen…
DetailsBitcoin is showing a few recovery signs above the $6,760 support against the US Dollar. However, BTC price is still trading below a key bearish trend line and $7,000. Bitcoin is currently correcting higher and trading above $6,800 against the US Dollar. The bulls are showing a lot of resilience above $6,600, but the price…
Details2019 was a rough year for XRP, with the cryptocurrency posting intense yearly losses totaling at over 40%, which came as Bitcoin and many other major altcoins posted notable gains over the same time period. This bearishness didn’t end here, however, as the crypto was unable to match the momentum seen by the aggregated market…
DetailsBitcoin is currently in the process of attempting to surmount the heavy resistance that has been established within the upper-$6,000 region, with this ongoing uptrend marking an extension of the momentum that was incurred when BTC rebounded from lows of $6,600. This volatility would naturally lead one to anticipate a rise in activity amongst retail…
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Over the past few days, Bitcoin has sustained a heavy drop. Despite a slight recovery to $6,850 as of the time of this article’s writing, the cryptocurrency remains a tad over 8% below the multi-week high of $7,470, established early last week. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes It’s…
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Even after the recent correction, the broad crypto market remains far above it did at the absolute lows of March. Data from CoinMarketCap, in fact, suggests that the aggregate of all cryptocurrencies is up to $196 billion as of the time of this article’s writing, 50% higher than the $129 billion low. This has been…
DetailsBitcoin may seem as though it moves without rhyme or rhythm, but like all markets, the cryptocurrency’s key levels and directionality can be shown with technical analysis, too. Unfortunately for bulls, the cryptocurrency remains below a key technical analysis level that marked the start of Bitcoin’s 50% crash at the beginning of March. Bitcoin Remains…
DetailsLooking at the chart below, it’s fair to say that Bitcoin has been on a rollercoaster over the past week. After trading as high as $7,470 last week, the cryptocurrency plunged, first to $6,900, then to $6,550 in a second wave. From the highs, BTC was down 13%. But, over the past 36 hours, Bitcoin…
DetailsChainlink, the explosive cryptocurrency that recently set its all-time high amidst the peak coronavirus panic, has just triggered a sell signal on the TD 9 Sequential indicator across both the USD and BTC trading pairs. Is this unstoppable altcoin’s growth finally coming to a halt, or is this yet another minor bump in the road…
DetailsGold‘s growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it will slow down any time soon, and one particular indicator confirms there is “more fuel in the tank,” according to an analyst. Gold Prices Soar to Over $1,730, Setting…
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