Ethereum is struggling to break the $205 and $210 resistance levels against the US Dollar. ETH price is currently declining and it remains at a risk of a larger decline below $200. Ethereum is facing a strong resistance near the $204 and $205 levels. The price might continue towards the $192 support if it fails…
DetailsAlthough JP Morgan may not trade Bitcoin or offer crypto-specific services to its clientele, the company does analyze this nascent market once in a while. This much was made clear very recently. One individual this week shared a report from JP Morgan, dated May 22nd, that included a post-halving analysis of the Bitcoin mining scene.…
DetailsBitcoin is under risk of continuing its bearish correction as the S&P 500’s trading range indicates a drop. The U.S. benchmark is trading between its 50-day and 200-day moving averages, a metric that typically leads the market lower. The correlation between Bitcoin and the S&P 500 has grown stronger since their March 2020 sell-off. A…
DetailsBitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend. Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels. The price must settle above the 100 hourly simple moving…
DetailsThe events seen within the crypto market on March 12th – a day now known as “Black Thursday” – were extreme and have sparked a lasting shift in dynamics amongst Bitcoin investors. One of the most prominent changes brought about by this recent meltdown can be seen while looking at the balance of BTC on…
DetailsEthereum’s price action has been incredibly week in the time following its parabolic movement to highs of $290 in February. It appears that there has been a divergence between the cryptocurrency’s technical outlook and fundamental strength, however, as a key data metric suggests that ETH has built immense underlying strength over the past couple of…
DetailsBitcoin has seen an immense downturn over the past couple of days, declining from highs of over $9,800 to lows of $8,600 yesterday. This selloff came about after multiple consecutive rejections around $10,000. This turbulence was triggered by the recent reports of a 2009-era wallet moving 50 BTC, although there has not been any further…
DetailsBTC dominance – a metric that weighs the entire Bitcoin market cap against other crypto assets – has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight. The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator. BTC Dominance To Grow, Putting Sudden…
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Signed messages claiming Craig Wright is a fraud were sent from 145 Bitcoin addresses Wright listed were his in the Tulip Trust. The addresses seemed to have belonged to an early Bitcoin miner and have prompted a slew of accusations against Wright from some of the industry’s most influential figures. Early Bitcoin Miner Calls Craig…
DetailsYesterday, Bitcoin price collapsed from a high of $9,300 to a low of $8,650 just ahead of an important weekly close. The selloff, according to data, was primarily driven by spot markets, specifically the popular cryptocurrency exchange Coinbase. Coinbase Users Lead Sunday Bitcoin Bloodbath Ahead of Weekly Close Starting in the early hours of Sunday…
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