Cryptocurrency Analysis and News Portal
Bitcoin's hash rate reached record highs this week, amid rising prices and anticipation of the miner reward halving later this year.Based on a seven-day average, the hash rate has risen sharply from approximately 93 exahashes per second (EH/s) on Dec. 30 to more than 106 EH/s on Sunday. The best
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The total crypto market cap is holding an important support area near the $185.0B level.Bitcoin price is struggling to continue higher and trading close to the $7,200 support.EOS price is down 2% and it is now trading near the $2.600 support area.Binance Coin (BNB) is down 3% and it failed
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Ethereum is struggling to stay above the key $125 support area against the US Dollar.A successful close below $125 could spark another bearish wave in the near term.There is a connecting bearish trend line forming with resistance near $130 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is
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Ripple price is still trading in the red zone below the $0.2000 resistance against the US dollar.The price is declining and it could soon break the $0.1840 support area to continue lower.This week’s key bearish trend line is still active with resistance near $0.2055 on the hourly chart of the
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Ripple price is struggling to recover above the $0.2200 resistance area against the US dollar. The price remains at a risk of more downsides below the $0.2180 support area. There is a declining channel forming with resistance near $0.2210 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum recovered
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Ripple price is currently declining from the key $0.2320 resistance area against the US dollar. The price is now trading below $0.2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP/USD pair (data source from
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Bitcoin price is showing positive signs above the $7,400 resistance area against the US Dollar.The price is likely to clear the $7,560 and $7,600 resistances to continue higher.There is a major bullish trend line forming with support near $7,490 on the hourly chart of the BTC/USD pair (data feed from
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Bitcoin price is back to where it started and trading below the $7,380 resistance against the US Dollar.The price is currently under pressure, but it is likely to hold the $7,100 support area.There is a short term contracting triangle forming with resistance near $7,220 on the hourly chart of the
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The drop in bitcoin mining difficulty may be a sign of a strong selloff. Price should tumble as weak miners panic sell their BTC holdings. The drop would be an opportune time to buy the number one cryptocurrency. In the last few days, bitcoin has been hounded by fear, uncertainty and doubt (FUD)
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Bitcoin price is trading in a downtrend below $8,800 and $9,000 against the US Dollar.The price is currently declining and it seems to be struggling near the $8,840 level.Yesterday’s major bearish trend line is active with resistance near $8,920 on the hourly chart of the BTC/USD pair (data feed from
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