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Place/Date: - June 12th, 2020 at 2:58 pm UTC · 3 min read Contact: Bexplus, Source: Bexplus Photo: BexplusBitcoin saw over -6% drop yesterday which is the largest decline within a single day in past 2 weeks. One of the reasons that caused Bitcoin sudden drop is the
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Ripple is currently consolidating above the $0.2000 support against the US Dollar. XRP price is likely to start a strong increase above $0.2100 as long as it is above the 100 SMA (H4).Ripple price is currently trading nicely above the main $0.2000 support zone against the US dollar.The price is
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Bitcoin’s price action has been rather volatile over the past two weeks, with the asset whipsawing between the $8,000s and $10,000s.In the past week alone there was approximately $250 million worth of position liquidations on BitMEX alone due to the volatility, according to data shared by crypto derivatives tracker Skew.com.Yet
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Ethereum has been caught within a bout of sideways trading throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$240 region.The crypto did witness some immense volatility earlier this week that caused it to plummet to lows of $230 before posting
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If you have been trading Bitcoin over the past week, you likely know the emphasis analysts have put on the formation of a TD Sequential “9” on BTC’s weekly chart.One trader suggested just days ago that it was one of four reasons why there’s a “high chance” Bitcoin falls this
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Just two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included.But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170%
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Since falling as low as $8,180 on Monday, the day of the halving, Bitcoin has mounted a strong comeback. The comeback culminated in a surge past the key $9,000 resistance on Wednesday, seen on the right-hand side of the chart below.Bitcoin’s price action from May 8 to today charted by
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After a nearly 20% surge last week, Bitcoin’s weekly candle on Sunday evening closed decisively green at $8,900.This marked the seventh consecutive weekly gain for BTC, which has posted stellar performances ever since the mid-March capitulation lows.Although the seven consecutive weeks may mean nothing to readers, it is a strong
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Since 2017’s blow-off top at $20,000, investors have been wondering when Bitcoin would be thrust into its next bout of parabolic growth. After all, crypto investors are used to rounds of rapid growth, then brutal drawdowns.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesBut, a key indicator
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Ethereum is up close to 15% and it broke many hurdles against the US Dollar. ETH price settled above the $170 level and it is facing a key resistance near the $175 level.Ethereum rallied more than 10% and broke many resistances near $165 and $170.The bulls pushed the price towards
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