Ethereum is currently correcting losses from the $228 low against the US Dollar. ETH must climb above the $235 resistance to start a fresh increase in the near term. Ethereum is facing a couple of important hurdles near $235 and the 100 hourly simple moving average. The current price action suggests high chances of more…
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Bitcoin is far from a full-blown bull market. Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations. Yet a top cryptocurrency fund is still holding a bull bias. The company’s executives…
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Volume on Ethereum blockchain is rising faster than Bitcoin for the last three months, according to data fetched by Santiment. The second-largest cryptocurrency is leading a pack of top 100 altcoins with better on-chain metrics than that of Bitcoin. Observers note that a swift rise in altcoin volumes forms a local price top. Ethereum, the…
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Ripple is currently correcting higher from the $0.1783 low against the US Dollar. XRP price is showing positive signs, but it must surpass $0.1850 to continue higher. Ripple slowly gaining traction and it is trading above the $0.1800 level against the US dollar. The price is facing a couple of strong hurdles near the $0.1840…
DetailsThe very first cryptocurrency, Bitcoin was designed as an open-source, transparent instrument for peer-to-peer value exchange. While the concept still holds good, in the real-world where fiat still rules, using cryptocurrency for all financial needs is still a long way to go. The present scenario makes exchanging cryptocurrency to fiat a necessity and there are…
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Bitcoin started an upside correction after testing the $9,000 support against the US Dollar. BTC is now facing a strong resistance near the $9,300 and $9,400 levels. Bitcoin is recovering and it is trading above the $9,200 support level. The price is facing a few key hurdles near $9,300, $9,400, and the 100 hourly simple…
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Bitcoin has spent the last two months trading in a tight range between $8,500 and $10,000. Prices have barely deviated from these boundaries, save for minor deviations that were quickly corrected. Some say that this consolidation is a “launchpad” for the bull market. Yet the argument that Bitcoin’s recent price action is the cryptocurrency topping…
DetailsIt’s no secret that XRP has been struggling to garner any momentum over the past few years, with its downtrend not being able to reverse despite many of its peers posting intense rallies throughout 2019 and 2020. Its weakness may be far from being over, as the on-chain data shows that one notorious scam ring…
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Ethereum has seen a decentralized finance craze over recent weeks. Due to innovation, high returns on investments, and other attractive characteristics, DeFi has gone parabolic. Data from DeFiPulse shows that the value of cryptocurrency locked in blockchain finance applications has reached $1.6 billion. This is Simultaneously, DeFi-related tokens like Compound’s COMP and Balancer’s BAL have…
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Bitcoin and the aggregated crypto market have flashed some signs of weakness over the past 24-hours, with the benchmark digital asset reeling down to the lower boundary of its long-held trading range in a sharp overnight movement. This latest volatility comes as multiple factors begin stacking up in seller’s favor. One such factor is the…
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