Cryptocurrency Analysis and News Portal
Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $30,000 for a potential pullback. The sell-off occurred despite a positive risk-on sentiment across the traditional markets. That prompted analysts to blame a flurry of fundamentals, ranging from the US Treasury Secretary Janet Yellen’s remarks on Bitcoin’s
Read More
XTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern.If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats.Its failure now puts the crypto en route to record highs.XTZ is trading almost 28 percent lower from its
Read More
Etheruem surged higher Thursday alongside Bitcoin as a prominent hedge fund tycoon declared he would invest in bitcoin futures.The ETH/USD exchange rate eyed an extended move to retest its local top near $226.With halving coming on May 12, the pair could rise further owing to its positive correlation with Bitcoin.
Read More
The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move.Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.Between
Read More