Cryptocurrency Analysis and News Portal
After breaking out past $250 on June 1st, Ethereum saw a harsh rejection on June 2nd. The asset fell from over $250 to $225 in a matter of minutes, crushed as Bitcoin slipped by a similar amount on top exchanges.Despite this strong drop, analysts assert that bulls still remain in
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[sociallocker id="55298"] The recent volatility in the Bitcoin (BTC) markets has left both bulls and bears facing significant liquidations, with almost $223 million in 24-hour margin calls on leading derivatives exchange BitMEX being evenly spread between BTC shorts and longs.As of when this story was published, a little over $111.5
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In just a few minutes’ time, Bitcoin will close May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next.A region of importance that many analysts are eyeing is the low-$9,000s. As one analyst explained:“We’ve not had a Monthly close
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The Dow Jones started the week with a bang – but looks set to end it with a whimper. U.S.-China tensions continue to make investors nervous, and Trump may escalate them further today. Nevertheless, one historical indicator suggests stocks are primed for a major rally. The Dow Jones Industrial
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The housing market is basking in a deluge of positive data. There’s still one statistic that could spell trouble for the recovery in residential real estate. If this trend doesn’t reverse soon, resilient demand alone might not be enough to support home prices. There’s no shortage of optimism in
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The Dow, S&P 500, and Nasdaq are coming off one of their best weeks of 2020. JPMorgan says the rally won’t last heading into summer. Equity markets typically underperform during the summer, a phenomenon known as ‘selling in May and walking away.’ The Dow and broader U.S. stock market
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A widely tracked bitcoin price indicator is about to turn bullish – potentially accelerating the recent uptrend of the top cryptocurrency by market value.The 50-day moving average (MA) of bitcoin’s price looks set to cross above the 200-day MA within two to three days. The resulting "golden crossover," a long-term
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Ripple traded to a new weekly low at $0.1849 and currently correcting higher against the US Dollar. XRP is likely to face a major resistance near the $0.2000 and $0.2050 levels.Ripple is showing signs of an upside correction from the $0.1850 swing low against the US dollar.The price is currently
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Ripple is trading in a broad range above the $0.2100 support against the US Dollar. XRP declined below a key support versus bitcoin and it is now at a risk of a sharp decline vs USD.Ripple is facing hurdles near the $0.2200 and $0.2220 resistance levels against the US dollar.It
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Bitcoin is up more than 7% and it broke the $10,000 resistance against the US Dollar. BTC is showing many bullish signs on the daily chart and it is likely to test $10,500.Bitcoin is gaining bullish momentum and it recently spiked above $10,000.The current crypto market sentiment is very positive,
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