Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index.Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its current trading range.The downside move in the index could lead investors to offset their losses by selling Bitcoin and other…
Ethereum is trading in a positive zone above $240 and $242 against the US Dollar. ETH is likely to climb above the $250 resistance, which might start a strong uptrend.Ethereum is rising and it remained well bid above the $240 support level.The price is now approaching the main $250 resistance and trading above the 100…
Ripple is currently consolidating below the $0.1900 resistance against the US Dollar. XRP price must settle above $0.1950 and the 100 SMA (H4) to start a strong rally in the near term.Ripple price is slowly moving higher after testing the $0.1850 support against the US dollar.The price is still trading well below $0.1920 and the…
Whale manipulation did not crash the price in March 2020, asserts Stock-to-Flow creator PlanB.The analyst claimed that the cryptocurrency’s growing correlation with the U.S. benchmark S&P 500 led it lower.He further noted that Bitcoin’s wild downside price actions in November 2019 and December 2019 appeared in the wake of the U.S.-China trade dispute and the…
Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross.The bearish technical indicator materializes when an asset’s long-term moving average crosses above its short-term moving average.Its occurrence on Bitcoin daily chart in March 2020 led to a 55 percent price crash.A “death cross” pattern is looking to materialize on Bitcoin’s…
The number of daily transactions on the Ethereum blockchain network surpassed 1 million, a level unseen since January 2018.In recent months, network activity on Ethereum surged as a result of rising demand for decentralized finance (DeFi) applications and growing anticipation towards ETH 2.0.Why is Ethereum Daily Transaction Volume Climbing So Rapidly?Since January 2020, within six…
Bitcoin cash price is recovering from the $225 support zone against the US Dollar. BCH is slowly gaining traction, but it is facing a strong resistance near the $240 and $242 levels.Bitcoin cash price is slowly correcting higher above $235 against the US Dollar.The price is likely to face a crucial hurdle near the $240…
Bitcoin is up more than 3%, and it broke the key $9,500 resistance against the US Dollar. BTC is currently trading in a positive zone, and it could continue to rise towards $10,000.Bitcoin is up over $300, and it broke a few significant hurdles near $9,500.The price traded close to the $9,800 resistance zone, and…
Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250.Ethereum is slowly gaining bullish momentum above the $232 resistanceThe price tested the $235 resistance and trading well above the 100 hourly…
Ripple is slowly correcting higher above the $0.1850 level against the US Dollar. However, XRP price must break the $0.1880 resistance and the 100 hourly SMA to start a strong upward move.Ripple is still trading in a bearish zone below $0.1920 and $0.1880 against the US dollar.The price is currently approaching the $0.1880 resistance and…