Cryptocurrency Analysis and News Portal
EOS entered a corrective phase on Apr. 30 that has seen its price retrace over 27%. The smart contracts token went from trading at a high of $3.1 to hit a low of $2.3.Despite the significant bearish impulse, data shows that large investors are accumulating EOS on every dip. If
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Ethereum traded close to the $240 support area and recently recovered against the US Dollar. ETH price is now trading above $255 and it is likely to continue higher towards $270 and $275.Ethereum is slowly recovering above the $255 and $260 levels against the US Dollar.The price is facing a
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Ethereum’s stellar performance of late has seen it gain 113% in the six weeks since the start of the year. This achievement reversed a six-month downtrend and helped to inject a sense of anticipation for the rest of 2020.Buying pressure from this looks to be forming a golden cross on
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Weiss Ratings, a highly reputed American investment data provider established in 1971, has given Bitcoin (BTC), the world’s flagship cryptocurrency an A- (excellent) rating ahead of the Bitcoin halving event scheduled for May this year. Weiss Ratings says Bitcoin’s improving fundamentals coupled with its positive price movement makes it an
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Bitcoin was trading in positive territory on Monday to uphold gains it made during this weekend.The benchmark cryptocurrency surged by 0.07 percent to trade near $8,230 as of 1140 UTC. At its session high, it was trading at $8,301.85, which was 4.37 percent higher than Friday’s closing point. The upside
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Most cryptocurrencies other than bitcoin have been languishing in crypto winter for over two years. This is particularly true for alternative coins, or altcoins, in their bitcoin (BTC) pairs. Most have lost over 90 percent of their value from their peak. However, the winds appear to be changing.
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Bitcoin price is under pressure and it recently broke the $9,800 support area against the US Dollar.The price is currently consolidating losses below $9,800 and it remains at a risk of more downsides.There was a break below yesterday’s highlighted contracting triangle with resistance near $9,800 on the hourly chart of
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An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget
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