Cryptocurrency Analysis and News Portal
After surging as high as $10,000 on Sunday evening, Bitcoin slumped. The cryptocurrency, which has been subject to extreme volatility over the past two weeks, suddenly plunged from $10,000 to $9,700, then continued to drop to a daily low just below $9,500 just hours later.Despite this rapid reversal, there is
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Daily trading volume in bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) dropped to year-to-date lows on Friday. The volume hit $118 million, the lowest level since Dec. 31. On that day futures recorded volume of $112 million, according to Skew Markets. What’s worth noting is volumes have pulled back
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Despite the brutal retracement the cryptocurrency market saw this week, a top analyst is getting bullish on Litecoin, citing an array of technical factors.While this may not seem relevant to many readers, as many of you may not trade or own the altcoin, LTC’s directionality could have a strong effect
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Bitcoin’s correction over the past few days has made investors fear the worst is yet to come for the market. Indeed, after a multi-week surge that brought the asset from $6,400 to $10,500, a 10% sell-off in a single day was shocking, leaving many wondering if a bear trend is
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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on CryptoX in one link.Top Stories This WeekBitcoin grapples with $10,000 — two
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In the never-ending search for signals to give traders an edge, could bullish comments on Reddit serve as a momentum indicator for bitcoin? That’s what a recent graphic by startup ChartStar suggests. The data visualization company graphed comment data over the past several weeks for the term “bullish” from several popular
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Bitcoin didn’t fare too well on Wednesday. After recovering to $10,300 from the weekend’s low of $9,500 — a gain of just over 8% — the price of the leading cryptocurrency fell off a cliff as the day came to a close on Wednesday. In the span of a few hours,
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The Texas Bitcoin mining facility by Layer1 has gone live for the first time today. The all-in-house US Bitcoin mining initiative is seeking to address Chinese dominance of the cryptocurrency’s mining activity.Layer1 is hoping to expand rapidly from this initial launch. By the end of 2021, it plans to command
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Ethereum jumped back above $260 and $270 against the US Dollar. ETH price is now consolidating above $275 and it could soon surpass the $288 resistance area.Ethereum is back in a positive zone, with a strong bullish bias above $275 against the US Dollar.The price is likely to accelerate gains
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ViewBitcoin is struggling to draw bids despite a confirmed "golden cross" pattern on the daily chart. That, coupled with bearish short duration indicators, suggests scope for a convincing break below the 2020 rising trendline currently near $9,700. That would expose the next support at $9,200.The bearish case would weaken if
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