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The price of bitcoin and several other major cryptocurrencies have dropped dramatically over the last 24 hours, wiping billions from their value. Bitcoin fell by more than 10 per cent to take its price below $7,400 (£5,700) for the first time since May, with no sign of the current crash slowing down. Ethereum, ripple, bitcoin…
Bitcoin price tested the crucial $6,500 support area and started an upside correction against the US Dollar. The price is up around 10% and it even settled above the $7,000 resistance area. Yesterday’s key bearish trend line was breached with resistance near $7,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Taking to X on October 12, Zoran Kole, a trader, said reasonable bids for Bitcoin stand at around $17,000 and $18,000. Though Kole didn’t provide timelines for retraining these levels, the prediction means the coin could slide 35% to around December 2022 territory if the prediction comes true. BTC bids at between $17,000 and $18,000| Source:…
Crypto liquidations across the market have ramped up in the last 24 hours. Digital assets in the space suffered declines in the last day, which has led to hundreds of millions of dollars being wiped from traders. These liquidations span the entire crypto market with hundreds of thousands of traders getting caught in one of…
The value of bitcoin is currently being measured in dollar terms and this is understandable given that fiat is still the most dominant form of currency. While those in the crypto space believe this will not continue for much longer, it is still important to price the digital asset in fiat currency to show its…
Bull and bears are constantly battling it out on cryptocurrency exchanges and trading platforms, hoping to push Bitcoin price higher or lower, and profit immensely from whatever trades they make or positions they take.But their strategies can be easily clouded by their own bullish or bearish bias. Using just one trend line only across two…
There’s an ongoing meme coin war and it pits a lesser known coin against two other well-entrenched cryptos in the space today. FLOKI is a crypto based on Elon Musk’s dog that has the same name Floki Inu’s market cap is less than $1 billion The crypto has been on a decline after it bottomed…
Ethereum over the last several weeks finally began to gain some strength against Bitcoin and other top performing cryptocurrencies. But in the past few weeks, the upside has since been almost entirely erased. The up – then right back down – price action has formed a potential bearish Japanese candlestick reversal signal. Will ETHUSD continue…
Bitcoin price is struggling to rise above the $27,800 resistance zone. BTC could extend its decline if there is a clear move below the $27,200 support zone. Bitcoin is struggling to start a fresh increase above the $27,800 resistance zone. The price is trading below $27,700 and the 100 hourly Simple moving average. There was…
One week after the highly anticipated Litecoin halving event on August 2, on-chain data reveals that the network’s hash rate, a key measure of computing power channeled to the network, is steady but erratic. As of August 9, trackers indicate that the Litecoin network’s hash rate is hovering around 760 TH/s, a notable decrease from the all-time…