Cryptocurrency Analysis and News Portal
Bitcoin (BTC) dipped below initial support at $45,000 on Wednesday, but later stabilized around $42,000, which is near the Dec. 5 crash low. Oversold signals remain intact, which suggest selling pressure could subside.Given the series of lower price highs since November, support ranges and oversold readings are viewed as countertrend.
Read More
The miners, whose shares are heavily correlated to the price of the coins they prod, are reflecting declines across the crypto market. Bitcoin, the largest cryptocurrency by market cap, fell more than 5% Wednesday alone after minutes of the U.S. Federal Reserve meeting in December pointed to a possible interest-rate
Read More
Bitcoin (BTC) whales are the center of attention again this week as large transactions flow back to exchanges.Data from on-chain analytics platform CryptoQuant on Dec. 24 shows that relatively, whales are increasing their presence as potential sellers.Action stations as Bitcoin climbs to $51,000According to CryptoQuant’s Exchange Whale Ratio indicator, the
Read More
Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry's best-known analysts suggests.In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout.U.S. retail stays
Read More
Last weekend, a pullback across crypto markets ravaged spot prices and wiped out leveraged traders on centralized exchanges. Bitcoin (BTC) fell as far as $42,000 from $57,000 before a relief bounce, while ether (ETH) plummeted as low as $3,500 from $4,600. Original Source
Read More
Cryptocurrencies were mostly lower on Monday, although market conditions have stabilized following the weekend sell-off. Bitcoin was trading above its 200-day moving average (currently at $46,386), which suggests selling pressure could wane over the short term.Analysts pointed out that excess leverage in the bitcoin futures market contributed to the broad
Read More
While the future of metaverse and gaming tokens looks bright, there’s little real adoption in the present, according to one analyst.Dec 6, 2021 at 7:11 p.m. UTCUpdated Dec 6, 2021 at 7:11 p.m. UTCDecentraland's MANA token is getting hit hard by the latest downturn in the markets. (Decentraland) Source
Read More
Bitcoin (BTC) is stabilizing above its 200-day moving average, currently at $46,000, after a near-20% sell-off over the weekend. The cryptocurrency was trading around $49,000 at the time of publication and is roughly flat over the past 24 hours and down about 15% over the past week.The relative strength index
Read More
Ever since the massive rally culminating in the all-time high of $68,990.90 on Nov. 10, prices came down and stayed south of $60,000 over for the most recent couple of weeks. Some of the hype, it seems, was related to the bitcoin futures exchange-traded fund (ETF) launch, and the subsequent
Read More
The recent selloff in the shares of cryptocurrency miners have created buying opportunities across the group, Christopher Brendler, an analyst at Wall Street investment banking firm DA Davidson, wrote in a research note dated Nov. 29.Mining stocks have tumbled in recent weeks, after a rally in October and loggin a
Read More