In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 30, 2022 We are coming down to the wire here in the month…
Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery. Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle…
The crypto market is spiraling downwards, especially Ethereum and other altcoins. The overall market cap lost $50 billion last weekend, leaving the current figure at $950 billion. Unfortunately, it eventually lost the $1 trillion mark. The price fall in Bitcoin, Ethereum, and other crypto caused the recent plunge. The trend emerged after the August 26…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Litecoin, the LTCBTC and LTCETH trading pairs, and how the cryptocurrency could lead the crypto rally and outperform both Bitcoin and Ethereum. Take a look at the video below. VIDEO: Litecoin Price Analysis (LTCUSD): August 29, 2022 Litecoin went from an enthusiast…
The macro market has been influencing the price of crypto to a much larger degree in the last couple of months compared to a year ago. This is no surprise given that some of these companies, which are heavily involved in the macro market, also extended their investments to cryptocurrencies such as Bitcoin. Hence, when…
August 26 is the long-awaited day for a critical shift in the crypto market price movements. At the end of today, the bears or the bulls will take over the market, although everyone hopes for a reversal of the bearish trend. Recall that the last announcement of inflation data didn’t push the market down. Instead,…
Crypto adoption worldwide has accelerated in the last couple of years. Thanks are especially in order to the 2021 bull run that saw the price of bitcoin reach as high as $69,000, triggering an influx of new users into the market, both on the retail and institutional investor side. As it now stands, there are…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin logarithmic growth curve, the Power Law Corridor, and the 200/100/50-week moving averages. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 26, 2022 US Fed Reserve Chair Jerome Powell’s speech today is already having an impact on…
The crypto market has seen its returns over the last month wiped away in a matter of days. While the market was pumping, cryptocurrencies in the space were returning double-digit gains, with the investor sentiment rapidly growing with it. However, with bitcoin’s rejection at $25,000, the entire market had seen a swift downtrend. Now, investor…
Although it hasn’t been easy, the crypto market has been on its recovery journey since mid-July. There have been some rallies that didn’t last long, followed by extended periods of pullbacks that caused more panic. So, no one can say what direction to expect in the short term. But while some tokens struggle to remain…