Analysts rely on a variety of tools to tip them off about coming price action, with some offering better results than others. A top and bottom-sniping tool used to call the 2007 top in the stock market, is once again raising a red flag. Here’s why this could also be bearish for Bitcoin and the…
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Polkadot has become a rising star within the crypto markets, with the layer one “Ethereum killer” seeing massive inflows of capital throughout the past few weeks that have allowed it to become one of the largest crypto assets. Currently, DOT is the sixth-largest cryptocurrency, with its market capitalization only being a few million away from…
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From the August monthly open to the high, XRP recorded nearly 25% gains on the month. Unfortunately for Ripple investors hoping for a new bull run, the altcoin was only able to hold onto just 1% of that as of the time of this writing. But while things may look bleak for XRP’s recent rally,…
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Following a 157% bull rally throughout the first half of August that saw Chainlink hit a new all-time high of $20, this cryptocurrency entered a massive downtrend. As sell orders began to pile up, LINK took a 36% nosedive to reach a low of $12.8 on August 21. Over the past few days, however, the…
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Bitcoin has been caught in the throes of some immense turbulence throughout the past few days. This volatility has primarily favored sellers, and today’s price action has only further enhanced the notion that further downside may be imminent for the benchmark cryptocurrency. Following a speech from the Federal Reserve Chairman earlier today regarding the US…
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This morning, just as the Fed’s Jerome Powell began his speech, Bitcoin started pumping in a fast-moving short squeeze, driven by inflation narrative. However, the move just as quickly reversed, plummeting back down to lower than where the pump first began. Traders are calling the move a well-time shakeout. But what comes next for the…
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Bitcoin plunged lower as traders waited for Federal Reserve Chairman Jerome Powell to deliver his keynote address at the annual Jackson Hole meeting starting later today. The benchmark cryptocurrency plunged 0.82 percent–a modest dip–to trade near $11,369. The move downhill came a day after BTC/USD had climbed above the $11,500-mark. So it appears, traders used…
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Ethereum has seen a strong correction from the highs it has seen earlier this month. After peaking at $440, the asset has slid to $385 as of this article’s writing. ETH’s retracement comes as Bitcoin has also dropped, seemingly in response to some weakness in the price of gold and some strength in the U.S.…
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CELO outperformed every major and minor asset class as its price exploded by more than 50 percent in just one day of trading. The utility token for the smart contract platform, Celo, rocketed to an all-time high of $20 on Bittrex from a meager $3. That extended the upside by almost 500 percent until a…
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Ripple is trading in a bearish zone below the $0.2800 resistance against the US Dollar. XRP price could extend its decline below $0.2700 if it fails to surpass $0.2800. Ripple is currently declining and trading well below the $0.2800 resistance against the US dollar. The price is approaching the $0.2730 and $0.2710 support levels. There…
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