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Bitcoin broke below $9,000 Thursday afternoon as the leading cryptocurrency has continued to trade in a tight range just above $9,000 for several weeks. Despite the brief 3% afternoon drop, however, the cryptocurrency markets continue to stay eerily calm as volatility drops and traders continue to expect a big move.
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Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago.This breakdown has come about following a recent rejection posted by the crypto at $9,300, which appears to have become a resistance level.The latest decline below $9,000 indicates that the
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Bitcoin has traded in an ever-tightening range for two months, and digital-market analysts say a new wave of coronavirus cases and emergency measures could provoke the largest cryptocurrency by market cap out of the doldrums. The backdrop is an anemic economy, with the International Monetary Fund projecting last week that global output will shrink 4.9%
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Ethereum has been flashing some signs of tempered weakness throughout the past several days and weeks, hovering just above the lower boundary of its long-held consolidation channel.The cryptocurrency’s present weakness is primarily rooted in that of Bitcoin, which has seen faltering momentum as it continues struggling to break above the
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Bitcoin failed at yet another attempt to break bullish above $10,000 on Wednesday.The cryptocurrency’s sharp pullback from the crucial resistance level has raised its possibilities of falling towards $8,800.One prominent analyst sees the breakdown as an opportunity to launch a bull run above $10,000.Bitcoin could be at risk of crashing
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Bitcoin leaped over $10,000 in Monday trade as a weakening dollar sentiment sent risky assets higher.The cryptocurrency corrected lower in the early morning Tuesday but signaled strength amid an optimistic macro outlook.Top analysts further predicted the rally to continue, with popular crypto commentator, Ivan Liljeqvist, forecasting a $20,000 price prediction.Bitcoin was
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Bitcoin is up more than 4% and it broke the key $9,500 resistance zone against the US Dollar. BTC price is currently correcting lower, but dips remain supported near $9,350.Bitcoin gained traction above the $9,300 and $9,500 resistance levels.The price traded as high as $9,624 and it is currently correcting
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Ethereum failed to continue above the $210 resistance and declined recently against the US Dollar. ETH price must stay above $195 and $192 to avoid a major downtrend.Ethereum is still struggling to break the $210 and $215 resistance levels.The price might start a decent recovery wave as long as it
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The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin.Most of the stablecoin growth
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Ripple retested the $0.2080 support level against the US Dollar. XRP price is currently rising and it is likely to gain bullish momentum towards $0.2350 unless it breaks the $0.2000 support.Ripple price is trading in a positive zone above the $0.2120 and $0.2080 supports against the US dollar.The bulls are
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