Cryptocurrency Analysis and News Portal
After expressing some signs of strength throughout the early part of the week, Bitcoin has now faced a grim rejection that sent its price reeling down to a crucial support level.Following an extended bout of trading between $9,000 and $9,300, the benchmark cryptocurrency was able to break out of this
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Bitcoin price is at a critical moment in its market cycle. And although it’s been said dozens of times before, the next move could choose the trend direction for months to come.At this very moment, the asset is testing a level that in the past, rejection has caused a 40%
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Bitcoin was rejected once again near the $9,300 resistance against the US Dollar. BTC is currently recovering, but it remains at a risk of more downsides below $9,000.Bitcoin topped near $9,302 and declined more than $300 in the past few hours.The price is now trading well below $9,200 and the
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At the start of June, Bitcoin suddenly surged towards and past $10,000. The cryptocurrency rallied so far and so fast that $123 million worth of short positions on BitMEX were liquidated within an hour.Investors were understandably bullish. One Wall Street veteran shared a chart expressing his sentiment. It showed that
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Bitcoin failed to surpass the $6,900 and $7,000 resistance levels against the US Dollar. BTC price is back in a bearish zone and it could continue lower towards $6,200 or $6,000.Bitcoin is down around 4% and it is now trading well below the $6,800 level against the US Dollar.There was
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Bitcoin was rejected above the $7,000 level and it declined heavily against the US Dollar. BTC price is currently trading in a bearish zone and it could continue to slide towards $6,400.Bitcoin is showing a lot of bearish signs below the $7,000 pivot level against the US Dollar.There was a
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Just two hours ago, Bitcoin started to rally after trading at $6,700 for most of Saturday morning and afternoon, rallying as high as $7,020 in a vertical move that brought the asset 4%. But, as fast as the cryptocurrency rallied, it was rejected, returning to where it began just minutes
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Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF).The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the
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The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements.Commissioner Hester ‘Crypto Mom’ Peirce has publicly disagreed with the rejection.NYSE Arca had submitted a proposed rule change
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Bitcoin could be staring deeper losses, having faced rejection at key price hurdle on Thursday. The top cryptocurrency by market value was seeing bids around $10,400 during the Asian trading hours. Buying interest weakened after the cryptocurrency failed to stay above Wednesday's high of $10,500 and prices fell sharply to
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