Bitcoin has long been referred to as digital gold, due to the crypto asset sharing many attributes as the precious metal that’s often used as a safe haven during economic distress.But with a recession looming, and fears mounting by the day amidst a global pandemic and stock market selloff, that digital gold narrative should be…
Bitcoin is down close to 10% and it broke the key $8,000 support against the US Dollar. BTC price is now vulnerable, but the $7,500 support area could spark a decent recovery in the near term.Bitcoin is declining heavily below the $8,200 and $8,000 support levels against the US Dollar.The price broke many key supports,…
Ethereum is down close to 15% and it broke the key $215 support against the US Dollar. ETH price remains at a risk of more losses below the $200 and $195 support levels.Ethereum is trading in a nasty downtrend below the $220 support area against the US Dollar.The price even spiked below the $200 handle…
Today’s been a rough day for the crypto markets, with Bitcoin’s recent capitulatory selloff reaching a boiling point this morning that subsequently led most other major altcoins to similarly see intense selloffs of 10% or more.This movement has led the market structures of most digital assets to become firmly bearish, although one crypto-focused economist is…
The crypto market has found itself caught within an intense downtrend over the past day, with Bitcoin and most major altcoins incurring intense selloffs that have led them to erase the majority of the gains incurred throughout the early months of 2020.It appears that this Bitcoin-driven selloff has been catalyzed by a massive influx of…
Bitcoin failed to continue above the $9,200 resistance and it is down more than 4% against the US Dollar. BTC is now trading in a bearish zone and it could slide further below $8,700.After forming a short term top near $9,211, bitcoin price declined sharply below $8,880.The price is now trading well below $9,000 and…
Over the past few days, Bitcoin has started to trend higher; since hitting $8,400 last weekend, the price of the leading cryptocurrency rallied as high as $9,250 on Saturday morning.Although there are many optimists saying that this price action is a precursor to even greater gains — Bloomberg suggested that BTC could soon hit $10,600…
Despite the slight recovery seen over the past few days, analysts still fear that Bitcoin is on a trajectory that will see its price correct even further than it already has. In fact,Related Reading: Crypto Tidbits: India Makes Watershed Ruling On Bitcoin, Elon Musk Bumps Dogecoin, Ethereum Founder Supports Twitter CEOSome, however, aren’t so concerned.…
Bitcoin and the aggregated cryptocurrency market are currently caught within a bout of sideways trading that first began earlier this week when BTC rallied from lows of $8,400 back into the low-$9,000 region.This movement has led most major altcoins to see mixed price action, with Ethereum incurring some intense upwards momentum while many other altcoins…
If you’ve been following the Bitcoin market over the past 30 minutes, you’ve likely noticed the odd bout of price action depicted below — Bitcoin spiked 1% in a few minutes to only crash by 3% in three minutes, then continue lower and lower as if there was no support under BTC.As many on Twitter…