Cryptocurrency Analysis and News Portal
The BCH hash war may be the most disastrous event for the prices of cryptocurrencies in general. Not only did the price of that altcoin collapsed by almost 50% as a result of this confrontation, but practically the entire community and the rest of the projects have suffered its consequences. Something
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Key HighlightsEthereum classic price tumbled recently below the $7.00 and $6.00 supports against the US dollar.There is a short term bearish trend line formed with resistance at $6.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair is likely to extend the current decline towards the
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Key HighlightsRipple price is holding the $0.4600 support area with no bearish pressure against the US dollar.There is a short term bearish trend line formed with resistance at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could retest the $0.4600 or $0.4520 support level
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This past Friday – November 16th – the Securities and Exchange Commission (SEC) released a statement announcing that they had settled charges against two firms that had carried out ICOs that fall under securities offering. The two firms that were cited by the SEC were CarrierEQ Inc. (Airfox) and Paragon Coin
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Cryptocurrency traders and holders are getting a rude awakening this Monday morning as markets continue to drop. Bitcoin has failed to maintain its $5,600 support and has dropped back down to $5,320 pulling all of the other altcoins down with it. With a plunge of over 10% on the day Ethereum
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Key HighlightsETH price is forming a decent support above the $165 level against the US Dollar.There is a major bearish trend line in place with resistance at $193 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair may slowly correct higher towards the $188, $192 and $194 resistance
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It what has been one of the largest single purges of the cryptocurrency markets this year, Ripple’s XRP token has surpassed Ethereum in terms of market capitalization.The Bottom Just Fell Out Of The BottomJust when we thought that things couldn’t get much worst and the bottom was in, the bottom
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Key HighlightsETH price declined heavily after it broke the $200 and $190 supports against the US Dollar.There is a short term contracting triangle formed with resistance at $178 on the hourly chart of ETH/USD (data feed via Kraken).The pair could correct higher, but upsides are likely to be capped near
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Twitter Facebook LinkedIn New data released by global trading and technology firm Susquehanna has revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates that in addition to the dominance
Read More Key HighlightsEthereum classic price declined sharply and broke the $8.00 and $7.00 supports against the US dollar.There is a short term consolidation pattern forming with resistance at $7.70 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair is in a major downtrend and it could decline
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