Cryptocurrency Analysis and News Portal
A long-term bitcoin price resistance has flipped to become support for what appears to be a potential bullish action.The 50-weekly moving average (50-SMA), which measures the average of bitcoin prices over a 50-week period, looks to assume the role of a strong pullback level. The year’s first week marked the
Read MoreLast year, the San Francisco startup Compound offered investors a simpler way to earn as much as 10 percent yields. All they had to do was put move their capital on its app’s Ethereum-based lending platform.‘Compound‘ is not a financial institution. Instead, it is among many new ventures that are
Read MoreWhales on the world’s largest bitcoin margin trading platform BitMEX are selling large amounts of BTC. After the rejection at $9,200, investors are seemingly moving towards hedging their holdings to brace for a bigger pullback.According to a platform that reports unusually sizable sell orders on BitMEX, many whales sold millions
Read MoreBitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area.Bitcoin price is confined in a range above the main $8,500 support against the US Dollar.The bulls are facing hurdles near the $8,760
Read MoreRipple tested the key $0.2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0.2550 if it breaks $0.2420.Ripple price is recovering nicely from the $0.2240 support area against the US dollar.A key inverse head and shoulders
Read MoreAlthough almost the entire cryptocurrency industry started 2020 with big price increases, one has stood out above the pack. Bitcoin SV (BSV) kicked off the year at below $100 and now trades for more than $300.Whereas most digital currencies have traded sideways over the last 24 hours, Bitcoin SV is
Read MoreBitcoin is enjoying fresh gains at the start of 2020 as investors continue to speculate on its potential adoption against a series of geopolitical and macroeconomic letdowns.The benchmark cryptocurrency on Sunday surged beyond $9,000 for the first time in three months, up by 28.32 percent since the start of the
Read MoreXRP has plunged by circa 11 percent after registering superficial gains in the past 30 days.The Ripple’s native cryptocurrency established an intraday low of $0.224 on Monday as traders preferred to exit their long position on small profits. So it appears, the downside move was more a natural bearish correction,
Read MoreComing into the first quarter of 2020, offbeat asset bitcoin is already proving to be the year’s best investment.The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January. Its rate peaked at over $9,190 on Coinbase exchange on the 19th. In comparison, it was trading at a mere
Read MoreThe Fear and Greed Index (FGI) for crypto is currently neutral at 53. The last time it was at this level, a 30 percent drop occurred for bitcoin in November 2019 from $9,400 to $6,410.The signaling of the indicator follows a swift six percent drop from $9,100 to $8,500, which
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