Coming into the first quarter of 2020, offbeat asset bitcoin is already proving to be the year’s best investment.The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January. Its rate peaked at over $9,190 on Coinbase exchange on the 19th. In comparison, it was trading at a mere $6,300 on December 18th, 2019.Many…
Bitcoin failed to extend gains above $9,200 and started a downside correction against the US Dollar. BTC price tested the $8,500 support and it could bounce back.Bitcoin price is down more than 5% from the $9,186 high against the US Dollar.The $8,500 support area could play an important role in the coming sessions.There was a…
Ripple extended its rise above the $0.2450 resistance against the US Dollar, similar to bitcoin above $8,800. XRP price topped near the $0.2540 area and recently corrected lower.Ripple price is down more than 6% and broke the $0.2400 support against the US dollar.The price is now trading below $0.2350, but there are many key supports…
Ethereum started a sharp decline from the $180 resistance, similar to bitcoin from $9,200. ETH declined towards $160, but it is likely to find strong bids near $158.Ether price was rejected near the $180 area and it declined below $165 against the US Dollar.Bitcoin price is down more than 5% and it is now trading…
Bitcoin and the rest of the crypto market didn’t have the best second half of 2019. Per data from TradingView, the aggregate value of all publicly-traded digital assets fell from $388 billion to a low of $166 billion — a drop of nearly 60%.While this metric has been a clear downtrend for the past seven…
The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360.Although this price surge has brought XRP to only $0.24, which means that it…
Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300.Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar.A new 2020 high is formed near $9,185 and the price could…
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area.ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar.The price traded to a new 2020 high close…
While Bitcoin (BTC) saw a crazy week in and of itself, gaining 10%, Ethereum outpaced the market leader. The second-largest cryptocurrency by market capitalization gained 20% over the past seven days, pushing to $175 for the first time in weeks.While some analysts are skeptical that this rally will last, citing the fact that ETH printed…
After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000.But, there have been a few…