Cryptocurrency Analysis and News Portal
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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Rival assets bitcoin and gold jumped hand-in-hand on Monday as investors pinned their hopes on central banks stimulating economies via new stimulus programs.The bitcoin-to-dollar exchange rate surged 3.28 percent to hit an intraday high of $8,64.08 following the European session open. At the same time, CME futures linked to the
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Bitcoin is risking massive price declines below $9,000 as a historically accurate fractal indicates traders’ sell-off sentiment.The benchmark cryptocurrency’s tendency to retest the $8,750 level increased after it confirmed a bullish reversal pattern last week. Dubbed as Doji, the indicator is typically a session wherein an asset’s candlestick has almost
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With blockchain puppets (we really mean it) on TV, CNBC pushing the bitcoin-as-gold narrative and The Guardian seeing connections between coronavirus and bitcoin's recent rally, we've got a lot to talk about on today's episode of The Breakdown.After Monday’s quick retrace, bitcoin and the rest of the market went green
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Ethereum is down more than 5% and it broke the $130 support area against the US Dollar.The price is currently testing the $125 and $126 support levels, with a positive bias.Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data
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Ripple price is still trading in the red zone below the $0.2000 resistance against the US dollar.The price is declining and it could soon break the $0.1840 support area to continue lower.This week’s key bearish trend line is still active with resistance near $0.2055 on the hourly chart of the
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From an informational standpoint, the crypto market is noisy and full of unexpected events. In terms of sentiment analysis, that combination of factors is a nightmare. Instead of narrowly focusing on sentiment analysis, we should probably develop a more holistic approach. A sentiment-market impact indicator would be a combination of
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The bitcoin price plunged on Tuesday after facing another strong rejection from a psychological resistance area. The leading cryptocurrency established a new intraday low near $7,274, down 5.11 percent from the local high of $7,552.92. The move downhill reasserted the $7,500-7,600 range as a crucial wall standing before bulls. The area has
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As prices slowly recover following a rough November, metrics for bitcoin and Ethereum illustrate positive industry sentiment moving forward.These metrics include measures related to active addresses, fees, movement, mining, and more, as outlined in Coin Metrics’ State of the Network: Issue 28.Ethereum Activity In the past 24 hours, over 70,000
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Bitcoin plunges to six-month low.Crypto markets fall below $200 billion for the first time since the spring.Bitcoin’s Fear & Greed Index prints “extreme fear.”Crypto markets plunged anew on Friday and are on track for their worst performance in two months, as bitcoin’s fear and greed index flipped “extreme fear” following
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