Cryptocurrency Analysis and News Portal
Caradano’s native gas-paying token ADA received a big blow at the start of June when the SEC regarded it as a security in its lawsuit against Binance and Coinbase.The lawsuit triggered a 42.5% drop in ADA’s price from $0.37 to a two-year low at $0.21 within a few days after
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Bitcoin was able to score some profits over today’s trading session as the market slightly rebounded after a spike in selling pressure. This saw the largest cryptocurrencies trading in the red negatively impacting market sentiment. At the time of writing, Bitcoin (BTC) trades at $20,300 with a 1% profit over the
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TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount.McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average.McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies.Bitcoin is
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The investment fund founder Anthony Scaramucci spoke during a conference in Toronto Thursday afternoon. Original Source
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Bitcoin price is in free fall and the cryptocurrency community is in panic. The high-risk, speculative asset class is living up to its notorious volatility and the selling appears unstoppable. At some point, all assets become oversold and recovery begins. After the most recent selloff, BTCUSD weekly RSI has reached the
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Ethereum's native token Ether (ETH) entered its "oversold" territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI).This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it.
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Panic struck the crypto market last week when Bitcoin broke below support, stablecoins unpegged from the dollar, and LUNA dropped to zero. The bloody aftermath has left cryptocurrencies as a whole more oversold than the Black Thursday COVID collapse. Here is a closer look at the historically oversold conditions in crypto. Total
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Bitcoin (BTC) is on track for its first consecutive seven-week decline – a sign of negative price momentum. The relief bounce could stall with resistance nearby. Source
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Dogecoin (DOGE) shows the prospect of undergoing a strong price rebound after reaching a technical support confluence on May 12.DOGE price 25% bounce incoming?DOGE's 45% price drop to $0.065 this week, or a 90% decline from its record high of $0.76 a year ago, was met with decent buying sentiment.
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In crypto markets, most alternative cryptocurrencies (altcoins) outperformed bitcoin, suggesting that traders are still comfortable with risk, albeit less so relative to last week. BTC was roughly flat over the past 24 hours, compared with a 1% gain in ether (ETH), and a 7% rise in Algorand's ALGO token. Source
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