Cryptocurrency Analysis and News Portal
After holding $9,200 for days on end, Bitcoin has recently begun to break down. The cryptocurrency trades at $9,100 as of this article’s writing, having lost that short-term support. Bitcoin’s ongoing weakness is seemingly related to bearish price action in global stock markets, including the S&P 500 index. Following a -4.5% performance during
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Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon.Although the cryptocurrency has been able to see some volatility within its long-held trading range, it has not been able to develop any clear directionality throughout the past couple of months.The price action seen between
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Bitcoin’s consolidation phase seen throughout all of May and June is showing few signs of letting up anytime soon and has caused the cryptocurrency’s volatility levels to hit multi-year lows.Although there aren’t many overt technical catalysts for volatility in the near-term, there may be a few events that could help to
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The U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion, that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to $6.97 trillion (-1.5%) in the week ending July 8, having hit a record high of $7.16 trillion in early June, according to
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Ether (ETH) options implied volatility, a measure of the expected price swings as per the options markets premium, has dropped below Bitcoin’s (BTC) for the first time ever. This could signal that investors have given up expectations of a price decoupling, or they simply expect ETH price moves to mirror Bitcoin. In
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In brief:Bitcoin is once again battling to keep its head above $9,000. Bitfinex Whale, @Joe007, has since reappeared on Twitter.@Joe007 had disabled his account when Bitcoin broke $10,000 in early May and looked set for a bull run. Famous Bitfinex whale, @Joe007, is once again active on Twitter after leaving the social
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Bitcoin (BTC) could crash to $6,000 and still remain bullish, one trader claimed on June 26 as the largest cryptocurrency tested $9,000 support.In a Twitter analysis, the popular trader known as SteveCrypt0 offered an alternative to the bearish sentiment coming from markets this week.Trader: $6K is “healthy correction”With BTC/USD circling
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Ripple is showing bearish signs below $0.2050 against the US Dollar. If XRP breaks the key $0.2000 support, it could also put a lot of pressure on bitcoin in the short term.Ripple is struggling to settle above the $0.2040 and $0.2050 resistance levels against the US dollar.The price is now
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[sociallocker id="55298"] The price of Bitcoin (BTC) has been trying to break above the psychological barrier of $10,000. However, during the week, it failed to go through this resistance. This “fakeout” caused a significant portion of the market to shift from a bullish bias to a bearish bias.Is such a
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Institutional investors are taking up massive short positions in the S&P 500 Index, a sign that the latest relief rally is unsustainable, according to Bank of America. The S&P 500 Index closed above 3,000 on Wednesday for the first time since early March. Despite Bank of America’s bearish call,
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