Cryptocurrency Analysis and News Portal
The flagship cryptocurrency kicked off the week on the right foot, rising to a high of $9,800 on Monday. But the upswing appears to have been significant enough for some investors to take profit. Subsequently pushing the price of Bitcoin down to nearly $9,000.The sudden bearish impulse wiped out over
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There has been a boom in demand for Ethereum in recent times, with much of this stemming from the explosive growth of the DeFi sector.Although this demand has yet to result in any type of bullish price action, it does appear that its growing utility is bolstering its macro outlook.That
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It was $10,000 or bust as bitcoin traded unremarkably for much of Monday. Bitcoin (BTC) was trading around $9,706 as of 20:00 UTC (4 p.m. ET), slipping by less than a percent over the previous 24 hours. At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands ataround $9,760
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[sociallocker id="55298"] Investors remain confident in bitcoin’s long-term prospects despite the cryptocurrency’s struggle to pass $10,000, according to a key on-chain metric. The seven-day moving average of the total amount of bitcoin held in exchange addresses declined to 2,313,749 on Sunday – the lowest level since December 2018, according to data
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Ethereum has been underperforming Bitcoin and many of its other peers over the past couple of months, with its sharp decline from yearly highs of $290 doing some damage to mid-term market structure.It now appears that Ethereum could be positioned to gain some ground against the rest of the market,
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G2A is paying out nearly $40,000 to developer Wube for the sale of fraudulently obtained game keys. Last year, G2A offered to reimburse developers ten times the cost of charge-backs on the condition they could provide proof of fraud and would agree to an independent audit. G2A failed to
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Ripple traded higher and broke the $0.2000 resistance following bitcoin price rise against the US Dollar. However, XRP is still facing many hurdles near $0.2100 and $0.2200.Ripple is trading higher and it managed to clear the $0.1980 and $0.2000 resistance levels against the US dollar.The price is currently facing a
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On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite
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Bitcoin’s halving was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level.The Effects of the
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Ripple retested the $0.2080 support level against the US Dollar. XRP price is currently rising and it is likely to gain bullish momentum towards $0.2350 unless it breaks the $0.2000 support.Ripple price is trading in a positive zone above the $0.2120 and $0.2080 supports against the US dollar.The bulls are
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