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
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Ethereum is struggling to gain bullish momentum above the $142 and $144 resistances against the US Dollar. ETH price could start a major decline if it breaks the $135 support.Ethereum is facing an uphill task as the bulls struggle near $135 against the US Dollar.The price is currently holding the
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Binance has more than $1 billion in ERC-20-based stablecoins as of March 24. This figure surpasses a milestone that quite far ahead of second-place Huobi.Binance holds $1,007,585,549 of these stablecoins as of press time, a balance that has grown some $105,583,132 over the past seven days, according to the
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As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis.Crypto market daily performance. Source: Coin360As traditional
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Ethereum is currently consolidating above the $212 support area against the US Dollar. ETH price must climb above $228 and $238 to start a strong recovery in the near term.Ethereum is showing a few positive signs above the $212 level against the US Dollar.The price is likely to retest $228,
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Altcoins have been shedding a significant amount of their value over the past several days and weeks, with the recent Bitcoin selloff sending shockwaves throughout the aggregated cryptocurrency market. Analysts are now noting that Bitcoin is currently trading just a hair above a critical support level, with a continued defense of
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Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time.The Dow Jones Industrial Average closed with a
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Bitcoin found a strong support near $9,330 and started a fresh increase against the US Dollar. However, BTC must settle above the 100 SMA (4-hours) for a sustained upward move.After trading to a new weekly low at $9,336, bitcoin price started a fresh increase above $9,500.The price is now trading
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Bitcoin really hasn’t done too well over the past day or two. As detailed in previous market updates from Ethereum World News, the price of the leading cryptocurrency has been subject to extreme volatility, falling from $10,300 to as low as $9,200 (on some exchanges) in the span of a few
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Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend. But does
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