Ethereum (ETH) has seen some intense bearish price action over the past couple of days, which has largely stemmed from the bear-favoring market structure that Bitcoin has formed in the time following its recent “flash crash” below $10,000.One top trader is now noting that he believes the cryptocurrency could see some further near-term losses, with…
Bitcoin fell to its three-week low as investors’ concerns about the fast-spreading Coronavirus continued to hurt global market sentiment.The benchmark cryptocurrency was trading at $9,081 during the early morning trade in Europe, down by up to 2.41 percent. The move downside extended bitcoin’s weekly losses to 8.87 percent, confirming that its medium-term bullish sentiment took…
Bitcoin’s recent price action has done tremendous damage to the bullish market structure that the cryptocurrency was able to form throughout the past couple of months, with many analysts now noting that the crypto could be poised for significantly further downside.One top analyst is now noting that one technical indicator that spells trouble for where…
XRP, the native crypto to the Ripple protocol, just flashed a major buy signal, just as the altcoin reaches a major pivot point.Could this be the start of a monstrous rally that will cause shock and awe throughout the crypto market?XRP/BTC Triggers Buy on TD9 SequentialAlthough XRP has held its position as the number three…
The crypto market has recently reached levels of greed after spending much of the second half of 2019 in fear of further downside in the asset class.However, sentiment has just flipped back to bearish after spending the first two months of 2020 bullish. Could this signal that the crypto market is about to crash? Or…
Bitcoin price just smashed through $9,500 after repeated tests, causing a flash drop to $9,350 that liquidated $41 million in long positions in just minutes.Is this the start of a much deeper drop, or was this the test of support before Bitcoin rockets higher?Bitcoin Price Plummets to $9,350 in a FlashBitcoin price has been in…
Despite having apparently lost his own Bitcoin holdings through private key mismanagement, Peter Schiff now seems to be an expert in securely storing the crypto asset. Apparently, the experience has given the BTC naysayer the authority to pass judgement on similar incidents of carelessness.Commenting on the recent example of an Irish drug dealer apparently losing…
Ethereum has been closely tracking Bitcoin and the aggregated market over the past several days, which has led ETH to experience some intense volatility as it ranges between lows of $250 and highs of $285.In spite of Bitcoin’s overt bearishness at the moment, it is important to note that Ethereum has been forming a highly…
One of the earliest Bitcoin proponents is facing criticism for publicly endorsing an alternative crypto asset. Trace Mayer, who recommended people buy Bitcoin back in 2010, appeared on a recent YouTube interview talking very highly of Mimblewimble Coin.Industry observers have taken issue with the fact that Mimblewimble Coin launched with a 50 percent pre-mine. Many…
The impact of COVID-19, better known as the coronavirus, has finally started to hit financial markets in a big way, but crypto has remained relatively stable for the normally volatile asset class. It’s caused the stock market to tank, but safe-haven assets like gold to surge. But what might this mean for Bitcoin and the…