Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy. However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from…
DetailsThe crypto market has fallen off hard over the past few days. Ethereum, especially, has been hit hard. Since the highs at $177, the cryptocurrency has fallen as low as $150, sustaining a 15% drop. Key technical and fundamental factors, however, suggest that ETH will soon mount a strong comeback. #1: Ethereum Closed Above a…
DetailsXRP, the third-largest ranked cryptocurrency by market cap, may face continued underperformance compared to the rest of the crypto space, as the historically accurate TD Sequential indicator has triggered a signal on the asset’s daily charts. However, a conflicting signal triggered earlier this month makes predicting the trend ahead a bit more confusing given how…
DetailsThroughout the past several months, Tezos has been one of the crypto market’s most bullish tokens, incurring some explosive momentum in late-October that ultimately resulted in a massive uptrend that led it to establish fresh all-time highs in mid-February. The gains resulting from this parabolic uptrend have largely been erased throughout the past several days…
Details
After the weekly close at the end of Sunday, Bitcoin tanked. The cryptocurrency rapidly fell from the $7,200 weekend highs to a low of $6,580 — all over the course of an explosive three-hour drop. With this, dozens of millions of BitMEX long positions were liquidated, forced to close as sell-side pressure mounted. Related Reading:…
DetailsBitcoin dominance continues in a downward trend. Currently, Bitcoin dominates the total market cap by 64.2%, having fallen 3 basis points, or 4%, in two weeks. Which, when taken in conjunction with double-digit gains for many high caps today, raises the question of whether altseason is on the way. Bitcoin dominance chart for the last…
DetailsCredits Blockchain Platform has announced the launch of additional stimulation for its node holders. The award program involves the monthly distribution of CS coins between all owners of Credits nodes entailing more advantageous conditions for receiving cryptocurrency of this platform. The claimed amount of distribution for the March is 400,000 CS, equivalent to $10,000. Each…
DetailsBitcoin has been on an impressive rally since sustaining a 50% drop in March, rallying from the $3,700 bottom to a local high at $7,470. The move has convinced many traders that the cryptocurrency market is on the verge of entering yet another full-blown bull market. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs,…
DetailsEthereum has seen a slight upswing overnight that has allowed it to navigate into the $160 region following a period of overt weakness seen throughout the past couple of days. This slight rise has come about concurrently with that seen by Bitcoin and most other altcoins. Analysts are now noting that ETH is in the…
Details
Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470. Analysts suggest…
Details
