Bitcoin price just exploded back above $7,000 despite increasingly bearish sentiment taking grip across financial markets, and a crypto market experiencing the longest stretch of extreme fear yet.After stocks tanked and oil fell below negative, the expectation was that crypto would soon follow, but an ascending triangle formation just helped propel the first-ever cryptocurrency higher.…
A report from law firm Fenwick & West LLP reveals venture capitalists have tightened spending in light of the economic crisis, spelling trouble for crypto startups looking for investment money.Not only that, but the findings of the report also show deflation in company valuations when compared to pre-pandemic times.Indeed, in January this year, Silicon Valley…
Chainlink’s immensely bullish uptrend came incredibly close to being invalidated last week during the market-wide downturn, but bulls have since been able to propel LINK higher and bolster its market structure.One top trader is now noting that he is anticipating the crypto to see near-term upside.This possibility could be further enhanced by bull’s ongoing attempt…
Bitcoin price has failed to reclaim and hold above $7,000 and could retest lows set a month ago on Black Thursday.However, if that recent low fails to hold, the first-ever cryptocurrency could fall to nearly $2,000 according to a mathematical figure that coincidentally is located at an untapped support level from past Bitcoin bull cycles.Losing…
Yesterday, the world was aghast as they watched oil prices tumble into negative territory for the first time in history. The shocking price drop took the cryptocurrency community by storm, who have compared the long-traded commodity to an illiquid altcoin.But this isn’t the first time crypto traders are showing an increased interest in traditional markets,…
Bitcoin‘s halving is just three weeks away at this point, and with the critically important event happening so soon, the first-ever crypto asset is at an especially pivotal junction that could shape the future of the asset in the near and long term.But what exactly does the halving mean, and why is it that crypto…
Tezos’ native cryptocurrency XTZ confirms forming Inverse BARR, a bullish reversal indicator.The XTZ/USD pair is waiting to close above a crucial technical resistance while setting its upside target 50 percent higher.Promising utility growth confirms a bullish scenario in the Tezos market.XTZ, the native token of multi-purpose blockchain Tezos, could surge by 50 percent in the…
Bitcoin lost its support at $7,000 earlier today, subsequently leading XRP and virtually all other major altcoins to post notable retraces that have cut into the gains incurred as a result of the recent market-wide uptrend.It now appears that XRP is at risk of seeing even further downside due to its key near-term support level…
Bitcoin has been caught within a steady uptrend throughout the past month, with the benchmark cryptocurrency’s overtly bullish reaction to its capitulatory drop to lows of $3,800 looking increasingly like a long-term bottom.The bullishness of Bitcoin’s “V-shaped recovery” from these lows has significantly boosted investor sentiment, leading many market participants to forecast imminent upside in…
Last week, Coinbase CEO, Brian Armstrong implied that Americans were using their stimulus checks to buy crypto. His reasoning centered around a spike in deposits of exactly $1,200, at around the time of first-wave stimulus payments.However, for many reasons, this logic is flawed. As such, this data alone is not evidence of a government-funded mass…