Cryptocurrency Analysis and News Portal
The US Securities and Exchange Commission (SEC) is right about their decision to reject bitcoin exchange-traded funds, believes Jake Chervinsky of San Francisco-based Compound Finance.The general counsel on Thursday said the US securities regulator has valid concerns about bitcoin’s price volatility. He referred to the cryptocurrency’s latest price drop, wherein
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Bitcoin was trading in the negative zone on Thursday as US President Donald Trump raised hopes for a potential trade deal with China.The benchmark cryptocurrency plunged another 0.34 percent to $8,408.01 on San Francisco-based Coinbase exchange. Earlier this week, it had experienced a massive sell-off that sent the price down
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Bitcoin price is consolidating yesterday’s losses above the $8,200 support against the US Dollar.The price is clearly trading with a bearish bias and remains at a risk of more losses below $8,000.There is a key breakout pattern forming with resistance near $8,600 on the hourly chart of the BTC/USD pair
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The total crypto market cap dived more than $50.0B and tested the $200.0B support.Bitcoin price is down more than 10% and it is currently consolidating below the $8,500.Binance coin (BNB) price tumbled below the $18.50 and $16.50 support levels.Litecoin (LTC) price is now trading well below the key $60.00 support
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Bitcoin coincidentally formed a positive correlation with the US stock market on Tuesday, observed Mati Greenspan of eToro.The senior market analyst noted that the benchmark cryptocurrency plunged by more than $1,500 right after the S&P 500 index made a similar move. He recognized the zero correlation between the two extremely
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Gold outperformed Bitcoin on Wednesday as an impeachment inquiry into US President Donald Trump triggered demand for safe-haven assets.The yellow metal came near its three-week peak, with its spot trading at $1,530.29 per ounce as of 10:00 UTC. At the same time, US gold futures surged 0.1 percent to $1,538.30.Bitcoin,
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Bitcoin price is down more than 12% and it recently broke the $8,500 support against the US Dollar.The price is currently correcting higher, but the $8,750 and $8,800 levels are preventing recovery.There is a crucial bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD
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ETH price declined heavily and tumbled more than 10% below $185 against the US Dollar.The price is currently correcting higher after it traded close to the $150 level.There is a new major bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin
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Bitcoin price is under pressure and it recently broke the $9,800 support area against the US Dollar.The price is currently consolidating losses below $9,800 and it remains at a risk of more downsides.There was a break below yesterday’s highlighted contracting triangle with resistance near $9,800 on the hourly chart of
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During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis.One prominent crypto analyst has done just that, and Bitcoin’s current price action
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