Despite Bitcoin continuing to consolidate above $7,000 as other crypto assets have shown signs of strength, analysts have still been stewing over the prospects that cryptocurrency didn’t bottom last month during “Black Thursday.”Primarily, those that fall into this bucket of belief cite the stock market, remarking that there are signs that the S&P 500 and…
Although Bitcoin normally leads the crypto market, Ethereum has outperformed almost all other digital assets over the past few days. As of the time of this article’s writing, the cryptocurrency trades at $182, up 7% in the past 24 hours and up 24% since the lows of the week near $147.From the bottom seen during…
From the peak in February, XRP has fallen off by just under 50%, crushed under the pressure of a bear market across many asset classes. But, according to a number of leading cryptocurrency analysts, the third-largest cryptocurrency by market capitalization is on the verge of mounting an impressive comeback.XRP Is Readying to RallyAnalyst LomahCrypto recently…
Despite the bearish macroeconomic view, Bitcoin has performed extremely well over the past few weeks, rallying from the $3,700 lows to a high of $7,500 just last week. Even after a slight correction, the cryptocurrency remains around 90% higher than it did during the “Black Thursday” crash.But, some analysts are starting to worry that with…
After peaking just shy of $7,000 today, Bitcoin has tumbled lower, falling from the $6,950 high to $6,600 just minutes ago, a drop of 5%. Altcoins have followed suit, posting a similar loss to the crypto market leader.Bitcoin’s recent bout of weakness comes as the stock market has shown signs of reversing after last week’s…
Bitcoin may seem as though it moves without rhyme or rhythm, but like all markets, the cryptocurrency’s key levels and directionality can be shown with technical analysis, too. Unfortunately for bulls, the cryptocurrency remains below a key technical analysis level that marked the start of Bitcoin’s 50% crash at the beginning of March.Bitcoin Remains Below…
Over the past few days, Bitcoin has sustained a heavy drop. Despite a slight recovery to $6,850 as of the time of this article’s writing, the cryptocurrency remains a tad over 8% below the multi-week high of $7,470, established early last week.Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi ExplodesIt’s too early…
The crypto market has fallen off hard over the past few days. Ethereum, especially, has been hit hard. Since the highs at $177, the cryptocurrency has fallen as low as $150, sustaining a 15% drop.Key technical and fundamental factors, however, suggest that ETH will soon mount a strong comeback.#1: Ethereum Closed Above a Key TrendlineWhile…
Crypto data provider Messari shared in a recent post that Ripple’s XRP was one of the worst-performing cryptocurrencies in Q1 of 2020, underperforming players like Bitcoin and Ethereum by a long shot.But, analysts are observing that the cryptocurrency is starting to show signs of an imminent recovery against Bitcoin (the XRP/BTC chart).Related Reading: Crypto Tidbits:…
Ahead of the weekly candle close in approximately eight hours, Bitcoin has embarked on a slight rally higher, retaking $7,000 just minutes ago as of the time of this article’s writing. With this, the cryptocurrency has rallied some 3.5% from the weekend low, but remains 7% below last week’s local high at $7,470.Analysts suggest this…