The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year. An Uncanny Correlation The global crypto market lately fell…
DetailsEthereum incurred a notable overnight surge that has allowed it to rally over 8%, gaining a firm position within the mid-$150 region as it begins showing signs of building strong momentum against both its USD and BTC trading pairs. Analysts are now noting that the cryptocurrency is nearing its first key resistance level, with its…
DetailsBitcoin price has nearly doubled since the cryptocurrency experienced a massive collapse in mid-March, falling to as low as $3,800. Although the first-ever cryptocurrency is now trading at prices above $7,000, with the way the asset has been tightly correlated to the stock market and with how rough the week ahead is expected to be,…
DetailsBitcoin often leads the crypto market, but all eyes seem to be on Ethereum at the moment; in the past day, since Monday’s candle open at $142, the second-largest digital asset has rocketed 13% higher, reaching $165 just minutes ago as of the time of this article’s writing. This is the highest price ETH has…
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Ethereum continues to struggle amidst the current vicious and volatile market environment caused by the coronavirus outbreak and recession on the horizon. But following a historic market collapse that wiped out nearly all of the asset’s gains thus far this year, Ethereum may finally be ready for a violent reversal after a pair of dragonfly…
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Bitcoin saw a sharp overnight rally that allowed it to surge past the resistance that it was previously facing around $7,000, with the crypto appearing to find some stability within this region – something that has not been seen since its capitulatory decline to $3,800 on March 12th. Analysts are now noting that this latest…
DetailsBitcoin price recently plummeted to under $4,000, bouncing off what may believe is the absolute “floor” for the first-ever cryptocurrency. However, according to data from a top crypto industry analyst, the price floor of Bitcoin could jump to as much as $7,000 to $8,000 immediately after the halving takes place this coming May. But what…
DetailsSomehow, someway, the price of Bitcoin has continued to show resilience after March 12’s capitulation event, decisively retaking $7,300 just minutes ago after trying an failing to surmount this level multiple times over the past few days. As of the time of this article’s writing, BTC is trading at $7,295, up 8% from the session…
DetailsThe aggregated crypto market saw a notable rally today that was led by Bitcoin’s surge past the heavy resistance it was facing at $7,000. This allowed altcoins like Tezos to gain some independent momentum, with XTZ significantly outperforming BTC. This momentum seen by Tezos may be just be a hint of what’s coming in the…
DetailsEthereum has been struggling to garner any momentum as it faces heightened resistance around the mid-$140 region, with this bout of consolidation coming about in tandem with that seen by Bitcoin and most other altcoins. In spite of this, ETH has been able to form a bullish textbook charting pattern that may give it some…
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