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Bitcoin price extended its decline below the $54,000 level against the US Dollar. BTC is holding the $52,500 support, but it must clear $54,000 for a fresh increase. Bitcoin failed to stay above the $54,000 support and extended its decline. The price is now facing resistance near $54,000 and the 100 hourly
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Summary:The number of Bitcoin whales holding 100k BTC or more has hit an 11 month highThe whales now control 2.20% of Bitcoin supply up from 0.76% 11 weeks agoAt the same time, smaller addresses of 1k – 100k Bitcoin have droppedThe drop could be attributed to selling before BTC broke
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Ethereum extended its decline below the $2,000 support against the US Dollar. ETH price is now consolidating losses and it could start a fresh increase if it clears $2,010. Ethereum extended its decline below the $2,050 and $2,000 support levels. The price is now trading well below $2,050 and the 100 hourly
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Ripple trimmed most gains from the $0.6000 resistance against the US Dollar. XRP price is now trading above $0.4500 and it could attempt a fresh increase above $0.5500. Ripple broke the $0.5500 support zone, but it stayed above $0.4500 against the US dollar. The price is now back above $0.5000 and the
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Ethereum is facing a strong resistance near $1,800 against the US Dollar. ETH price must settle above $1,800 and the 100 hourly SMA to move into a bullish zone. Ethereum traded towards the $1,710 support before correcting higher. The price is now facing a strong resistance near $1,800 and the 100 hourly
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In brief:Data from Chainalysis suggests that Bitcoin balances on exchanges have increased in the last weekThis is as Bitcoin struggles to maintain the $55k support areaAn increase in Bitcoin balances on exchanges could hint of more selling pressure as seen with the $1 Billion BTC deposit to Gemini before the
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Bitcoin price is showing a few positive signs above $48,000 against the US Dollar. BTC is likely to start a strong increase if it settles above $50,000 and the 100 SMA (H4). Bitcoin remained well bid above $43,000 and $45,000 support levels. The price is now approaching the $50,000 resistance and the
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Ethereum failed to stay above $1,900 and corrected lower against the US Dollar. ETH price is correcting gains and it seems like to might test $1,750 before a fresh increase. Ethereum is correcting lower from the $1,975 swing high and trading below $1,900. The price is now testing the $1,850 support, but
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The increase of US stimulus package talks serves as a booming situation for Bitcoin and Gold. However, Bitcoin price strikes a new record while Gold declines.Bitcoin in 2021 so far has brought way too many similar headlines of “new all-time hits”. These many Bitcoin stories have created much interest even
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Cardano’s price traded to a new multi-month high at $0.9860 before correcting lower. ADA declined over 20%, but it is likely to remain well bid near the $0.7000 level. ADA started a strong surge and climbed above $0.9000 before correcting lower against the US dollar. The price is still trading well above
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