Cryptocurrency Analysis and News Portal
Bitcoin is down more than 5% and it broke the $6,000 support against the US Dollar. BTC price is now showing bearish signs and it could continue to move down.Bitcoin started a fresh decline after it failed to clear the $6,500 resistance against the US Dollar.The price is now trading
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Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals.Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty fall by almost 13%.Hash rate returns to Christmas levelsDifficulty essentially indicates how
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Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has
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On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to
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Bitcoin jumped towards $6,000 in overnight trading as Federal Reserve reduced its benchmark interest rates, but trimmed gains as some traders liquidated their positions for cash amid sell-off in stocks.The bitcoin-to-dollar exchange rate plunged to $4,396.50 by 10:05 UTC, bringing its 24-hour losses further up by 13.78 percent. The bitcoin futures
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Bitcoin is likely forming a double top pattern near the $6,000 resistance against the US Dollar. BTC price remains at a risk of a sharp decline below $5,000 if it fails to recover above $6,000.Bitcoin is showing a few bearish signs below the $6,000 and $6,200 resistance levels against the
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Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series of hard blows to decentralized finance (DeFi) projects, some are wondering if the ecosystem can defend itself from collapse.CryptoX contacted a
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Trading giant BitMEX is at the center of attention after unexpected downtime sparked rumors of foul play as Bitcoin (BTC) fell as low as $3,700.According to a tweet from the company, problems arose during frenzied trading activity on the evening of March 12.BitMEX “hardware issue” sparks delaysAs a result,
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Ripple is down more than 50% in a day and broke the $0.1500 support against the US Dollar. XRP price tested the $0.1200 support area and it is currently showing a few recovery signs.Ripple price is down more than $0.1000 and it recently tested the $0.1200 support against the US
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Over the past few hours, Bitcoin has performed extremely poorly. As covered by NewsBTC previously, the cryptocurrency has effectively fallen off a cliff, plunging below 2019’s lows of $6,400 to as low as $5,600. This has liquidated $500 million worth of BitMEX longs. This comes as the S&P 500 and Dow
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