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Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds
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Over the weekend Bitcoin price (BTC) dropped below $9,000 for the second time in 7 days but the weekly close was relatively uneventful. As covered by Cryptox, buyers quickly stepped in to buy the dip at the $8,800 support on June 27 and at the time of writing the price
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Ethereum is declining and trading below the $225 support against the US Dollar. ETH price remains at a risk of more losses and it might revisit the $200 support.ETH price is showing bearish signs and trading below the $225 support area against the US Dollar.It tested the $215 support and
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The price of Bitcoin (BTC) is consolidating below $9,200, which has acted as a key support level since late May. According to Cole Garner, if BTC breaks down to the $7,000s, it may be the last dip below $10,000 in the long-term.Bitcoin is vulnerable to drop to the $6,000 to
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Bitcoin looks set to end its three-quarter losing run despite having dropped to $9,000 earlier on Thursday. At 03:35 UTC, the leading cryptocurrency by market cap printed a low of $9,002, extending Wednesday’s 3.5% decline, according to CryptoX’s Bitcoin Price Index. The pullback from Monday’s high of $9,800 to $9,000 could be
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After holding in the low-$9,000s, Bitcoin finally saw a breakout recently.The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session. This was the highest BTC had traded in 10 days.Bitcoin’s strength came on a swath of positive news.Firstly, while
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The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication AERA dot on June 19, investor Jim Rogers said cryptocurrencies including Bitcoin (BTC) “will be in decline eventually and everything will
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As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors.Whales—individual investors that hold
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Bitcoin's options market suggests Monday's price drop could be short-lived.However, the cryptocurrency remains vulnerable to a sell-off in stocks and increased miner hoarding is a sign the market lacks strength.Bitcoin is feeling the pull of gravity on Monday alongside losses in the traditional markets. At press time, bitcoin is changing hands
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The average transaction fees for Bitcoin have dropped under the $1 mark, and are back to levels not seen since before the rewards halving. According to data from crypto analytics website BitInfoCharts, from May 20 until June 14, Bitcoin (BTC) transaction fees decreased by 91% from $6.65 to $0.56. This follows
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