Cryptocurrency Analysis and News Portal
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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Despite the strength seen earlier this week, Bitcoin started to plunge on Saturday.After printing a bearish “Darth Maul” candle that resulted in a crucial reversal at $9,200, the cryptocurrency has trended lower and lower, falling as low as $8,325 just minutes ago as of the time of writing this article.
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Bitcoin’s trademark price volatility is now near its record lows, according to data gathered by Skew.The crypto data analysis portal highlighted that the realized volatility of the BTC/USD pair dropped to 53 percent over the last three months – from 70 percent on a one-year timeframe. It further noted that
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On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to
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2019 may not go down as a year of breathtaking highs for cryptocurrency markets, but major strides have been made for mass adoption of digital payments and blockchain technology.A quick look at major headlines over the past 12 months highlight the shortcomings of the sector as well as the
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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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On Monday Bitcoin price (BTC) abruptly fell below the $7,040 support and dropped to $6,800. As recent as Nov. 22 and Nov. 27, $6,800 served as support so a number of traders had already identified the price as the point where Bitcoin would land if the price pulled back.Cryptocurrency
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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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Whereas Bitcoin (BTC) was hovering at $6,500 earlier this week, it has since rebounded to the resistance zone of $7,800 but failed to break it on the first attempt.Crypto market daily performance. Source: Coin360As the short term trend is still upwards, should traders be cautious about the recent price
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Bitcoin (BTC) has sparked fresh interest from mainstream consumers after its price nosedived to its lowest levels since May this week. According to data from Google Trends, “Bitcoin” and associated terms have increased in popularity conspicuously over the past week.“Bitcoin halving” back in the spotlightCurrently, “Bitcoin” is at its highest
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