Cryptocurrency Analysis and News Portal
Bitcoin started a major decline after it was rejected near the $10,000 resistance against the US Dollar. BTC is currently recovering, but it is likely to face sellers near the 100 SMA (H4).Bitcoin traded as low as $9,084 and it is currently correcting higher.The price is likely to face sellers
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Stocks saw their most significant drop since March after hitting record valuations. The tech-heavy Nasdaq dropped over 5%, making a big gap lower. The last two times this happened, the index ended up dropping at least 30%. Sure, history may not exactly repeat itself, but it does rhyme. So when there are big
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Bitcoin remains stuck below $10,000 amid jitters in traditional markets over the pace of economic recovery. As of 11:45 UTC, the leading cryptocurrency is changing hands at around $9,780, according to CryptoX’s Bitcoin Price Index. While bitcoin’s price is down 1% on the day, the major equity market indices in Europe are
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Even after a strong rejection at $10,400 last week, Bitcoin has held in the high-$9,000s ever since. As of the time of this article’s writing, BTC is trading for $9,800, seemingly poised to break into the five digits for the umpteenth time in weeks.The consolidation at such high prices has
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[sociallocker id="55298"] According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase.On June 6, various media outlets reported that Coinbase may sell its blockchain intelligence arm Coinbase Analytics to the Internal Revenue Service (IRS)
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Since plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th.The more than 10% bounce has convinced many traders of the bull case, hence why funding on futures exchanges remains positive, showing longs are
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Upon checking crypto Twitter, cryptocurrency sub-Reddits, and elsewhere in the crypto space, investors are exceptionally bullish on Ethereum compared to Bitcoin. Long positions in Ethereum continue to skyrocket, and the amount of ETH locked up in DeFi grows by the day.Yet a dead accurate sell signal has just triggered on
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Dow Jones Industrial Average (DJIA) futures fell 136 points overnight after back-to-back gains. Wall Street analyst who nailed the March bottom sees another 9% upside in the stock market as momentum continues. Traders await a fresh round of jobless claims data, expected to come in at 1.8 million this week. The stock market
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Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas.In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices
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Bitcoin’s bulls are taking a breather amid jitters in the traditional markets over rising tensions between the U.S. and China. The world’s biggest cryptocurrency is trading near $9,400 at press time, having posted an eight-day high of $9,620 on Thursday. Prices have gained 8% so far this week, according to CryptoX’s
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