Bitcoin’s sharp overnight selloff marked a firm end to the bout of consolidation that it had been experiencing over the past few days, with this movement sending BTC reeling down to its key support within the lower-$6,000 region.Although this movement was overtly bearish and did seem to degrade the cryptocurrency’s near-term market structure, it is…
As surprising as this may seem, Bitcoin has been underperforming its crypto ilk over the past few weeks; data from CoinMarketCap shows that Bitcoin dominance — the percentage of this market made up by BTC — has fallen from 66% to 64.9% in the past three days.To further contextualize this, as of the time of…
The global markets have seen crypto-esque levels of volatility throughout the past several months, with all of the major benchmark stock market indices seeing intense downwards pressure that led them to post recession-level losses in a short multi-week period.This turbulence in the traditional markets has sparked an interesting phenomenon that many investors didn’t expect –…
After an extended bout of sideways trading within the upper-$6,000 region, Bitcoin’s bears finally gained the upper-hand over bulls, leading the benchmark cryptocurrency to plunge to its support within the lower-$6,000 region.This sharp downwards movement that first began late-yesterday also seems to have pushed BTC below a key trendline that bulls were previously defending.The decisive…
While headlines about tanking bitcoin prices serve ideal opportunities for investors to enter the cryptocurrency market, one top analyst thinks the asset is lacking new buyers.Alex Saunders, the CEO & Founder of Australia-based Nugget News, offered a wave of discouraging catalysts that might have driven people out of cryptocurrencies, including a wrecked US job report.…
Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has flatlined, trading between $6,500 and $6,800 for a number of days. Almost all altcoins followed suit, also posting close to no notable price action over the past few days. Ripple’s XRP, though, got some time in the spotlight, rallying 10% higher on Thursday…
Bitcoin and gold have been tracking alongside one another for nearly two years now as the global economy inches closer and closer to total collapse.If the correlation continues, the latest drop in Bitcoin will be nothing more than a bear trap designed to shake out investors before the asset reclaims a long-term trend line and…
Bitcoin’s consolidation seen throughout the past few days may simply be the calm before the storm, as one technical indicator is now suggesting that the benchmark cryptocurrency may soon see a movement of a similar magnitude to that seen when BTC plummeted from $8,000 to $3,800.Although it still remains unclear as to whether or not…
XRP kicked off an intense and unexpected uptrend yesterday, which led the embattled cryptocurrency to rally over 10%, marking a significant outperformance of Bitcoin and the aggregated market.This momentum has not been fleeting thus far – as the crypto is now in the process of posting even further gains as bulls attempt to push it…
Ethereum, much like Bitcoin and all other major cryptocurrencies, is currently caught within a bout of range-bound trading that has led it to hover within the mid-$130 region.This lackluster price action may not last long, however, as analysts are now widely noting that the crypto may soon “dive hard” during the next major Bitcoin selloff.This…