Cryptocurrency Analysis and News Portal
Ethereum is down more than 6% and it broke the $235 support against the US Dollar. ETH tested the $228 support zone and it is currently correcting higher.Ethereum declined sharply after it failed to surpass the $250 resistance.The price is currently holding the $228 support, but it is well below
Read More
Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash.The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent.Sebastien Galy, a strategist at Nordea Asset Management, noted
Read More
Bitcoin is currently declining and trading well below $9,500 against the US Dollar. BTC is likely to continue lower and it seems like the bears are aiming a break below $9,100 and $9,000.Bitcoin is facing an increase in selling pressure below the $9,500 pivot level.The price failed to clear the
Read More
Bitcoin hasn’t fared well over the past few hours.After holding the $9,800 support region for days on end, the cryptocurrency has plunged lower over the past 30 hours, reaching a low of $8,800 just minutes ago, according to TradingView.com data. This is the lowest Bitcoin has traded since May 13th,
Read More
Ripple failed to stay above the $0.1900 support and declined sharply against the US Dollar. XRP price remains at a risk of more losses below the $0.1800 support areaRipple price is down more than 2% and it settled below the $0.1880 level against the US dollar.A new weekly low is
Read More
Ripple is down more than 5% and it broke the $0.1550 support region against the US Dollar. However, XRP price is still trading nicely above the key $0.1450 and $0.1420 support levels.Ripple price started a fresh decline from the $0.1620 resistance area against the US dollar.The bears were able to
Read More
Ripple is down more than 10% and it tagged the $0.2000 support against the US Dollar. XRP price is currently correcting higher, but upsides are likely to remain capped near $0.2150.Ripple price is showing a lot of bearish signs below the $0.2200 and $0.2150 levels against the US dollar.The price
Read More
History shows that emergency interest rate cuts precede a bear market. WHO issues new guidance regarding the mortality rate of COVID-19 (coronavirus). A new study estimates that the virus could easily halve economic growth this year. The Federal Reserve shocked market participants on Tuesday after announcing an aggressive 50-point
Read More
The U.S. stock market fell again on Friday after the WHO raised its threat level on the coronavirus (COVID-19) to “very high” and flirted with “pandemic” terminology. Briefly boosting a shaky Dow Jones, Fed Chair Jerome Powell spoke this afternoon. A cataclysmic drop in Boeing shares did much of
Read More
Ripple started a strong decline after it broke the $0.2600 support area against the US Dollar. XRP price is currently down 10% and it is likely to extend losses below $0.2400.Ripple price is plunging and it recently tumbled below the $0.2500 support against the US dollar.The price is trading close
Read More