Cryptocurrency Analysis and News Portal
Bitcoin has surged by up to 24 percent ahead of closing the week despite the Coronavirus-induced global market sell-off. Nevertheless, the benchmark cryptocurrency could end up losing a large chunk of its gains heading into the new seven-day timeframe.That is because of two bearish indicators. As Bitcoin trends upward, it
Read More
Over the past 24 hours, Bitcoin hasn’t performed too well. After maintaining the $6,700 support for a number of days, the cryptocurrency tanked on Friday evening in a move that shocked investors, falling as low as $6,050 by the next morning, marking a decline of 10% from the then-daily highs.Related
Read More
Gold, bitcoin, and government bonds fell in sync on Wednesday, suggesting that investors are raising cash to tackle the disruption caused by the Coronavirus pandemic.The gold-to-dollar exchange rate dipped by as much as 2.73 percent to $1,487.66 an ounce shortly after the European market open. The yellow metal came under
Read More
If the Coronavirus epidemic and Saudi Arabia oil price war continue to spread and hurt global market growth, Bitcoin could fall by as much as 20 percent in an hour.That is according to Alex Krüger, a prominent market analyst who cast doubts over bitcoin’s ability to serve as an insurance
Read More
Over the past few days, Bitcoin has started to trend higher; since hitting $8,400 last weekend, the price of the leading cryptocurrency rallied as high as $9,250 on Saturday morning.Although there are many optimists saying that this price action is a precursor to even greater gains — Bloomberg suggested that
Read More
Bitcoin (BTC) continued beating out any competition on March 7, turning $9,000 into solid support while coronavirus ravaged stocks and forex alike.Cryptocurrency market daily overview. Source: Coin360BTC price makes solid support out of $9,000Data from Coin360 and CryptoX Markets showed BTC/USD trading above the $9,000 mark for a third
Read More
Government analysts were puzzled over Donald Trump’s decision to place Vice President Mike Pence in charge of the coronavirus response on Wednesday. While Pence has no medical expertise, he does have a history of mishandling a health crisis and denying established science. He’s obviously not going to coordinate the
Read More
XRP, the native token of the Ripple blockchain, has slipped by more than 23 percent from its year-to-date high of $0.34. And according to a popular analyst, the token is likely to fall further.Full-time trader Bleeding Crypto highlighted XRP’s bearish potential in a tweet published earlier Tuesday. He noted that
Read More
ViewBitcoin is struggling to draw bids despite a confirmed "golden cross" pattern on the daily chart. That, coupled with bearish short duration indicators, suggests scope for a convincing break below the 2020 rising trendline currently near $9,700. That would expose the next support at $9,200.The bearish case would weaken if
Read More
The coronavirus outbreak continues to spread, and scammers are exploiting the crisis to defraud you. Scammers are soliciting bitcoin donations to help “fight the virus,” while investors in U.S. microcap stocks are another easy target. Don’t fall prey to any of these five scams. A good scammer never lets a crisis go to
Read More