Cryptocurrency Analysis and News Portal
Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price reflects drab stocks performanceData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at dipping below $28,700 into the weekend, subsequently adding around $500.Down 4.7% from
Read More
Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three weeks has shown that the expression still rings true.May 20 has seen a pan selloff across all asset classes, leaving traders with few options to
Read More
Quick take: Paul Veradittakit, a Partner at Pantera Capital, believes that crypto markets have entered a bear market. Mr. Veradittakit believes that bear markets are great for companies to focus on building. Additionally, bear markets are a great time to invest because of favorable valuations. Rich Dad Poor Dad author, Rober Kiyosaki, has reiterated
Read More
Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to
Read More
Ethereum's native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token's next selloff move could turn into a bear trap as the market factors in the possible release of the Merge this coming August.ETH to $4K?Ether's price could reach
Read More
It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline
Read More
The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend.Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks
Read More
Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action.In his latest YouTube update on May 2, Cointelegraph contributor Michaël van de Poppe argued that USD’s current surge would not last long.Dollar strength reversal "close"Bitcoin is still
Read More
For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come and go, and the promised utility of these “real-world use case” projects fails to satisfy.While a majority of tokens promise to solve real-world problems,
Read More
The crypto market has not been in the best of places recently and Cardano (ADA) has been feeling the heat especially hot lately. The digital asset which remains one of the popular and largest by market cap has had a hard run of it lately, pushing it further into the
Read More