June has been a rather uninteresting month for Bitcoin. The cryptocurrency largely ranged between $9,000 and $10,000, with each break above or below this range being fleeting. One interesting trend seen throughout the past four weeks has been BTC’s propensity to set lower highs, as it has been slowly grinding down to the lower end…
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Litecoin is one of many crypto tokens that has been struggling to garner any upwards momentum in recent times. LTC has formed an incredibly close correlation to Bitcoin as of late, which has caused it to enter a long-held bout of sideways trading. Like BTC, it is currently trading at the lower boundary of this…
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Bitcoin price has traded sideways for the entire month of June. The lack of conviction by both bears and bulls has resulted in a doji currently on the monthly timeframe on BTCUSD charts. If the cryptocurrency closes tonight around current levels, the doji will be confirmed. However, past data suggests that this isn’t a bad…
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The crypto market is at a pivotal moment. A new uptrend in Bitcoin was starting prior to the Black Thursday selloff, and now prices are consolidating below a critical level. A breakout all but guarantees a new bull market for cryptocurrencies. And now, one of the most accurate tools used in crypto technical analysis is…
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Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether. Nonetheless, the TD…
DetailsMarkets are still reeling from the impact of the pandemic and the resulting Black Thursday selloff. However, one fund manager says the powerful shakeout demonstrated the strong will of Bitcoin investors. If that violent selloff driven by panic and fear didn’t cause holders to sell, what might it take? Remembering The Most Violent Shakeout In…
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Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low. Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the…
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The size of the Ethereum options market on Friday equaled the size of the Bitcoin options market in December 2018, according to data provided by Skew. Ethereum’s growth in the derivatives market pointed to its increasing institutionalization like Bitcoin. It further hinted at a breakout price rally ahead for the second-largest cryptocurrency. Ethereum is tailing…
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With Cardano’s Shelley mainnet on track for rollout on July 29th, 2020, the incentivized testnet (ITN), which ran from November 2019 to June 2020, has served its purpose. IOHK CEO, Charles Hoskinson put forward his case to retain the ITN as a parallel chain. He suggested the ITN infrastructure could become a rapid testing environment…
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Bitcoin price risks breaking to the downside as strategists warn of a correction in the U.S. stocks. Analysts at JP Morgan & Chase predicted that pensions funds would most likely dump $170 billion worth of their equity positions at the end of the second quarter. It would leave Bitcoin under similar bearish spell owing to…
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