Cryptocurrency Analysis and News Portal
There have been multiple sell-off trends recorded in bitcoin since the crash in December 2021. These sell-offs have been responsible for the decline in prices recorded in the digital asset over the last couple of months. Naturally, sell-off trends can be recorded on their magnitude depending on when the trading
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May was an incredibly challenging month for the cryptocurrency market as a majority of tokens booked heavy losses as a bear market was confirmed, but not every project dropped back to pre-bull market lows.Chain (XCN), a protocol designed to help organizations launch their own blockchain network or connect with other
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Polkadot has been on a sharp decline over the last week as the broader market extended losses at press time. Bitcoin nosedived to $28,000 and presented a loss of 7% over the last 24 hours. All major altcoins have followed the same path registering losses on the daily chart. Polkadot was
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Bitcoin attempted a recovery wave above $32,000 against the US Dollar. BTC is struggling and remains at a risk of more losses below $30,000. Bitcoin started a short-term recovery wave after it tested the $30,000 zone. The price is now trading below $31,500 and the 100 hourly simple moving average. There is a
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The market continues to be in disarray as the price of bitcoin has now fallen to the low $30,000s. This had been preceded by declining faith in the market thus translating to fewer inflows/more outflows in the last couple of weeks. However, with the price now at the lowest, it
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Bitcoin (BTC) is set for choppy price action, although upside appears to be limited as momentum slows. The cryptocurrency could remain in a trading range until a decisive breakout or breakdown occurs. Source
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Bitcoin (BTC) is on watch for a decisive breakout or breakdown from its three-month range this month. The cryptocurrency has experienced a loss of upside momentum in April, suggesting indecision among buyers and sellers. Source
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Cardano (ADA) has been one of the worst-hit cryptocurrencies in the market. The digital asset which had seen a high of $3.10 now lives on past glory as it is now trading below the $1 mark. This has been going on for a while which has convinced some investors that
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"We're still in a downtrend market. Bear market rallies tend to be extreme. Until we break out of the down trendline, it's hard to say the bull market is around the corner," Kevin Kang, founding principal of BKCoin Capital LP, told CryptoX in an email, citing potential yield curve inversion,
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The crypto market overall noted gains in the last 24 hours reversing certain effects of the recent bloodbath. Dogecoin on the other hand particularly saw some extreme choppiness over the past week or so. It is however too soon to say if the market is on its way to a
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