Cryptocurrency Analysis and News Portal
View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800
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Ripple price declined heavily after it broke the key $0.2850 support area against the US dollar.The price tested the main $0.2500 support area and it is currently rebounding above $0.2650.There is a major bearish trend line forming with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data
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Bitcoin price (BTC) returned to sideways trading on Oct. 14 after a sudden dip on Sunday evening saw markets lose 2% in minutes.Cryptocurrency market daily overview. Source: Coin360Bitcoin claws back lost groundData from Coin360 showed the largest cryptocurrency fluctuating around $8,300 at press time, having made up some of
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Around this time last week, the situation was looking increasingly dire for Bitcoin (BTC) and murmurs of a drop to $6,000 and even $3,000 began to circulate amongst traders. Even today there are still those that consider this a real possibility and perhaps it is. For the moment, Bitcoin
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The US Securities and Exchange Commission (SEC) is right about their decision to reject bitcoin exchange-traded funds, believes Jake Chervinsky of San Francisco-based Compound Finance.The general counsel on Thursday said the US securities regulator has valid concerns about bitcoin’s price volatility. He referred to the cryptocurrency’s latest price drop, wherein
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The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it.A decentralized stablecoinEthereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost
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Bitcoin (BTC) is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coin’s downward turn.As of press time, Bitcoin is circling the $8,400 mark — signaling a hefty 17.8% loss on the week.Bitcoin 24-hour chart. Source: Coin360Is Bakkt to blame?Among the
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Ripple price declined sharply after it broke the $0.2650 and $0.2500 supports against the US dollar.The price is down more than 10% and it recently traded close to the $0.2050 level.Yesterday’s highlighted declining channel was breached with support near $0.2620 on the hourly chart of the XRP/USD pair (data source
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View Bitcoin fell to $9,600 earlier today, marking a downside break of recent low-volatility consolidation represented by the narrowing of Bollinger bands. The Bollinger band breakdown has opened the doors for a slide to $9,320 (August low). A break above $10,380
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On Sept. 17, the Chicago Board Options Exchange’s BZX Equity Exchange withdrew its VanEck/SolidX Bitcoin exchange-traded fund (ETF) proposal a month ahead of the review deadline. The United States Securities and Exchange Commission (SEC) — the regulator on the matter — had until Oct. 18 to greenlight or reject
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