Cryptocurrency Analysis and News Portal
Bitcoin price reversed its losses and settled above $7,000 against the US Dollar.The price rallied close to the $7,500 resistance area, where sellers emerged.Earlier, there was a break above a key bearish trend line with resistance near $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).A
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The total crypto market cap is up more than $20.0B and it climbed back above $185.0B.Bitcoin price is up more than 10% and it broke the key $7,000 resistance area.Litecoin (LTC) price is gaining traction and it is back above the $40.00 pivot level.BCH price is correcting higher and moving
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Ethereum is up more than 8% from the recent low of $115 against the US Dollar.The price is showing signs of a trend reversal, but it must surpass $135.Earlier, there was a break above a connecting bearish trend line with resistance near $122 on the hourly chart of ETH/USD (data
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People who believe bitcoin is currently in a bull market just because it avoided a drop below $6,400 are wrong, according to Alex Krüger.The prominent market analyst made bold comments about halving, an event that would reduce the bitcoin mining reward from 12.5 BTC to 6.25 BTC effectively from May
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Bitcoin has closed below its long-term support as it dropped to $6,430 on BitMEX.The breakdown brings the cryptocurrency’s 200-weekly moving average in view as the next pullback target.The said MA in December 2018 had capped the asset’s downtrend from flourishing.As of now, it sits near the lower-$5,000 levels.Bitcoin risks plunging
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A new report from Binance Research shows that many bitcoin miners have been mining Bitcoin SV and BCH to some extent with significantly lower profitability. Other than political reasons, the firm said that non-economic factors contributed to it.Had many miners that focused on BTC over Bitcoin SV and BCH in
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Bitcoin price is extending losses below the $6,800 support area against the US Dollar.A crucial support is waiting on the downside near $6,500 and $6,200.There is a new connecting bearish trend line forming with resistance near $6,740 on the hourly chart of the BTC/USD pair (data feed from Kraken).The bears
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The total crypto market cap is down more than $15.0B in the past three days.Bitcoin price is down around 4% and it even traded close to the $6,500 support.Litecoin (LTC) price is declining and it is now trading well below $40.00.BCH price dived more than 8% and it even broke
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Ethereum is down 5% again today and it broke the $130 support area against the US Dollar.The price is now trading near key support levels such as $120 and $122.There is a short term bearish trend line forming with resistance near $126 on the hourly chart of ETH/USD (data feed
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The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.In recent months, as seen in the
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