Cryptocurrency Analysis and News Portal
In a flip flop scenario, the China-based crypt mining hardware manufacturer Canaan Creative has suffered a sharp decline in its stock price amid a consistent wave of pressure on the price of Bitcoin.On November 21, the first day the company began being traded on the NASDAQ, Canaan’s stock was priced
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Bitcoin on Wednesday moved slightly upward as traders remained puzzled about its next big price rally. The bitcoin-to-dollar exchange rate surged by as much as 0.80 percent to establish an intraday high of $7,263.31. The move uphill accompanied a moderate rise in volume. The conformity between price and volume showed traders’ inclination
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Ethereum is holding the key $145 support area and recovering against the US Dollar.The price is currently facing a strong resistance near the $152 area.Earlier, there was a break above a major bearish trend line with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken).The price
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Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar.The price is showing no signs of a strong recovery and remains at a risk below $7,800.There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe Bitcoin miners become fewerThe BTC cannot replace the dollar — LaneOn W1, the Bitcoin is developing another impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth, balancing the price. It might
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The total crypto market cap is following a bearish pattern below the $230.0B level.Bitcoin price is facing an increase in selling pressure below $8,600 and $8,500.EOS price is currently struggling to stay above the key $3.350 support area.BCH price extended decline and broke the $280 and $265 support levels.Tron (TRX)
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Ripple price is under pressure and struggling to surpass the $0.2660 resistance against the US dollar.The price is currently declining and it is likely to break the $0.2580 support area.There is a major bearish trend line forming with resistance near $0.2645 on the hourly chart of the XRP/USD pair (data
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Bitcoin price is currently declining below the $8,600 support area against the US Dollar.A new monthly low was formed near $8,457 and the price is currently correcting higher.There is a key declining channel forming with resistance near $8,710 on the hourly chart of the BTC/USD pair (data feed from Kraken).There
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Bitcoin price is declining and it is trading below the key $9,400 resistance against the US Dollar.The price is likely to find a strong buying interest above the $9,200 support area.There is a key contracting triangle pattern forming with resistance near $9,360 on the hourly chart of the BTC/USD pair
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The total crypto market cap failed to climb above the $220.0B resistance and declined recently.Bitcoin price is down 3% and it is now trading below the $8,000 support area.Binance coin (BNB) price failed to stay above the $18.00 support and resumed its decline.Litecoin (LTC) price is down around 4% and
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