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…
Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar. Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels. Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
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…
Earlier this past week Ripple (XRP) along with the aggregated crypto markets faced an incredibly sharp sell-off that sent XRP reeling down to lows of $0.25, which marked a significant pullback from the mid-$0.30 region where it has previously found stability. Although the crypto was able to post a small bounce today, analysts are still…
Ripple price trimmed losses after it traded as low as $0.2336 against the US dollar. The price is currently trading above the $0.2500 pivot level with a few positive signs. A major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
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.…
Ripple price is trading in a downtrend below the $0.3000 and $0.3050 resistances against the US dollar. The price is likely to extend its decline considering the recent decline in bitcoin price below $11,000. There is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data…
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…
Ripple price struggled to climb above the $0.3060 level and recently declined against the US dollar. The price is trading with a bearish angle below the $0.3020 and $0.3010 levels. XRP/USD is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart (data source from Kraken). The pair is…