Cryptocurrency Analysis and News Portal
A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts in the near future. Another seasoned analyst, Larry Williams, believes the S&P 500 will shudder after July 28. Despite the pending doom edging toward traditional stock
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Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash.
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Bitcoin broke out of a narrow technical range to close above $9,300 this Tuesday.The jump appeared after the European Union leaders confirmed a €1.8 trillion ($2.06 trillion) stimulus package.The cryptocurrency now eyes bullish continuation beyond $9,400, a resistance level it failed to break twice in the last three weeks.Bitcoin jumped
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While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and
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As the price of Bitcoin has risen and more individuals have entered the space, an increasing number of BTC has been held in exchange addresses. This trend is likely a byproduct of the arrival of less-technically inclined investors, coupled with the rise of altcoins. Fortunately for bulls, data shows that the
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Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair on July 9. According to the veteran trader, the breakout could be a signal that a new altcoin season could occur in the near-term.Brandt tweeted:“Significant breakout in ETH-BTC with target of .03276 BTC. Most
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Chainlink set a new all-time high and has gone parabolic. Dogecoin has gone viral. Even XRP is pumping. The crypto space is clamoring that altcoin season is finally here.However, sell signals appearing on the price charts of numerous alts suggest otherwise. Is alt season already over before it officially began?Altcoin
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After the block reward halving in May, Bitcoin’s mining ecosystem was immediately thrown into disarray.The revenue of miners was effectively halved overnight, forcing many miners with tight profit margins to go offline as they could not maintain a positive cash flow in the wake of the event. This resulted in
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Bitcoin hashrate jumped 23 percent since May 26, signaling more miners are resuming operations on the cryptocurrency’s blockchain network.The rally also continued as Bitcoin’s mining difficulty dropped by over 9 percent on June 4.The rising hashrate indicates a slowdown in miner capitulation, which could assist in sending the bitcoin price
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In a sudden u-turn, China pledged to implement the phase one trade deal signed with the U.S. As the global stock market feels the strain of economic decline, governments are rushing to deescalate tension. China’s difficult decision shows the global economy is highly fragile. After weeks of escalated tension,
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