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Bitcoin prices on Friday are plunging after marking their highest levels in over two months, hurt by an improving outlook of the eurozone economy, the stronger dollar, and – none the least – the Coronavirus outbreak in China.The benchmark cryptocurrency’s spot rate fell by 1.66 percent to $8,246.14 as of 11:20
Read MoreSince Bitcoin investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more.According to a Google Trends analysis, another parabolic rally is about to form again in the cryptocurrency market again. Considering
Read MoreBitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880.Bitcoin started a strong corrective decrease from the $9,200 resistance area.The price broke the key $8,500 and $8,470 support levels to
Read MoreRipple extended its decline and broke the key $0.2270 support against the US Dollar, similar to bitcoin below $8,500. XRP price is now at a risk of more losses towards $0.2050 or $0.2000.Ripple price is gaining bearish momentum and it is now well below $0.2300 against the US dollar.The price
Read MoreBitcoin entered a negative slope on Thursday as traders took profits from its latest price rally. But the cryptocurrency remained above a strong technical support level.Spot BTC/USD exchange rate was down 3.84 percent at $8,360.87 ahead of the New York morning session open. At the same time, bitcoin futures listed
Read MoreTop bitcoin rivals suffered major losses on Thursday after bulls failed to extend the last week’s wild upside price rally.Bitcoin SV’s BSV, after its stupefying climb before mid-January session, led the march downwards. The token fell by more than 9 percent on a 24-hour adjusted timeframe. Stellar’s XLM and Binance’s
Read MoreThe bitcoin price just strongly rejected the $8,600 level, breaking down from a tight range for the first time in four days. BTC dropped below $8,400 on major exchanges like BitMEX, leaving the dominant cryptocurrency vulnerable to a deeper pullback.Similar price movement as when bitcoin rejected $10,600On October 26, the
Read MoreBitcoin bulls are facing an uphill task near $8,700 and $8,800 against the US Dollar. BTC price could either rally above $8,800 or decline heavily below $8,470 in the coming sessions.Bitcoin is showing a few bearish signs after it was rejected near $8,800.The price is currently sliding and it is
Read MoreRipple failed to surpass the $0.2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it seems vulnerable to a drop below $0.2300 and $0.2240.Ripple price is clearly struggling to gain strength above $0.2400 and $0.2420 against the US dollar.The price is
Read MoreA textbook candlestick pattern is showing a very rosy future for Bitcoin SV (BSV).The fifth-largest cryptocurrency by market cap lately formed a Golden Cross – a bullish signal wherein an asset’s short-term moving average closes above its long-term moving average. It achieved the mettle after surging by a parabolic 500
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