Crypto stablecoins continue to grow since Bitcoin‘s recent bottom, with the companies and consortiums behind each asset printing more supply almost as fast as the Fed prints more US dollars in an effort to save the economy. But what exactly does this mean for the overall cryptocurrency market, stablecoins, and Bitcoin? The Fed Fiat Printing…
DetailsBitcoin price has been more volatile than ever, following an early 2020 rally to above $10,000, followed by a record-breaking historic plunge to below $4,000 just days later. The price action in between has been nearly as explosive, however, over the last four days, the daily has closed with four consecutive daily doji candles, indicating…
DetailsIt’s no secret that Chainlink (LINK) has been one of the most bullish cryptocurrencies throughout both 2019 and 2020, with the altcoin incurring explosive momentum that it has been able to maintain in spite of the market-wide weakness seen throughout the past few weeks. The crypto is now at risk of invalidating its latest uptrend,…
DetailsBitcoin’s bulls and bears have reached an impasse as the cryptocurrency enters a consolidation phase within the upper-$6,000 region. This lackluster bout of sideways trading comes shortly after the crypto faced multiple firm rejections in the lower-$7,000 region. Bitcoin could easily see further short-term downside as bulls struggle to defend the support that has been…
DetailsCrypto traders have been closely watching the rapidly developing Coronvirus pandemic’s impacts on the global economy, as Bitcoin’s recent status as a risk-on asset has made it particularly prone to seeing volatility similar to that seen by the traditional markets. This risk-on asset classification may soon be nullified, however, as the benchmark cryptocurrency has seen…
DetailsBitcoin is showing a few recovery signs above the $6,760 support against the US Dollar. However, BTC price is still trading below a key bearish trend line and $7,000. Bitcoin is currently correcting higher and trading above $6,800 against the US Dollar. The bulls are showing a lot of resilience above $6,600, but the price…
Details2019 was a rough year for XRP, with the cryptocurrency posting intense yearly losses totaling at over 40%, which came as Bitcoin and many other major altcoins posted notable gains over the same time period. This bearishness didn’t end here, however, as the crypto was unable to match the momentum seen by the aggregated market…
DetailsBitcoin is currently in the process of attempting to surmount the heavy resistance that has been established within the upper-$6,000 region, with this ongoing uptrend marking an extension of the momentum that was incurred when BTC rebounded from lows of $6,600. This volatility would naturally lead one to anticipate a rise in activity amongst retail…
Details
Over the past few days, Bitcoin has sustained a heavy drop. Despite a slight recovery to $6,850 as of the time of this article’s writing, the cryptocurrency remains a tad over 8% below the multi-week high of $7,470, established early last week. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes It’s…
Details
Even after the recent correction, the broad crypto market remains far above it did at the absolute lows of March. Data from CoinMarketCap, in fact, suggests that the aggregate of all cryptocurrencies is up to $196 billion as of the time of this article’s writing, 50% higher than the $129 billion low. This has been…
Details
