A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi. But another factor may be lifting bitcoin as well: altcoins. New York-based Ark…
ETH price extended its recent upward move and tested the $202 resistance against the US Dollar. The price is struggling to gain bullish momentum above the $202 resistance area. There is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline…
Since April of this year when Bitcoin first spiked over $1,000 in a matter of minutes, sending the first-ever crypto asset out of its bear market depths, Bitcoin dominance has soared, indicating that much of Bitcoin’s rally was fueled by altcoin-driven selling. The impact can be seen in both Bitcoin’s price outperforming most altcoins by…
The weekend has been largely one of consolidation for crypto markets as Bitcoin has held on to gains to keep it in five figures. Monday morning, however, has seen some bigger moves on altcoin prices as they outperform their big brother in a rare upswing. Crypto Markets Gain on Altcoins Most of 2019 has seen…
ETH price declined heavily below the key $200 and $190 support levels against the US Dollar. The price is currently consolidating losses after trading as low as $174. There is a crucial bearish trend line forming with resistance near $195 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a…
ETH price declined to a new monthly low at $173 and recently recovered against the US Dollar. There was a break above the $180 and $182 resistance levels. This week’s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
Across the crypto market, there’s extreme pain, fear, uncertainty, and doubt. Bitcoin is pulling back from recent highs, and altcoins like Ethereum, Ripple, and others have only bled out and fallen deeper to new lows. And while most crypto investors believe there is more pain to come for the altcoin market, Bitcoin and alts recently…
A bad day for Bitcoin usually spells a nightmare for the rest of the cryptocurrencies. That appears to be exactly what is happening this Thursday on crypto markets as BTC falls to four figures while altcoins get absolutely annihilated. Double Digit Dump For Crypto This time yesterday total crypto market capitalization was over $280 billion.…
ETH price is struggling to correct higher above the $215 resistance against the US Dollar. Ethereum price is still holding the $200 support, while bitcoin declined 6% to trade below $11,000. There is a major bearish trend line forming with resistance near $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair…
Bitcoin has had near non stop bullish momentum throughout 2019, but the altcoin market hasn’t been near as fortunate – sans a couple of outliers. The sentiment surrounding altcoins is in the gutter, and prices of even top altcoins have continued to drop in USD value and even more so in their BTC ratios. Even…