Despite Bitcoin closing 2019 up 90%, Ethereum didn’t fare all too well. The second-largest cryptocurrency actually registered a negative performance last year, crushed under the pressure of continued ICO selling and at-times questionable fundamentals.Analysts, however, have rapidly changed their outlook on ETH in the early stages of 2020, citing a confluence of positive technical factors…
It goes without saying that Bitcoin’s price action over the past few weeks has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows.Unfortunately, the cryptocurrency is likely to retest $8,400 once again, a top analyst has…
Although the entire crypto market, Bitcoin included, has posted stellar gains since December’s bottom, some digital assets have been performing better than others.One such altcoin is Chainlink (LINK) — a prominent blockchain project linking off-chain data to platforms like Ethereum. This crypto has gained a jaw-dropping 200% since the December bottom that was established near…
Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.While the majority seem to have been caught off…
After failing to break past $10,500, Bitcoin has posted weak performance after weak performance, failing to hold key support levels. Just last week, the price of the leading cryptocurrency fell off a cliff, so to say, breaking below key supports at $9,500, $9,000, and $8,700 as bulls provided no resistance to the selling pressure.This weakness…
After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation.According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin will soon re-enter the $9,000s.…
The past few days haven’t been too kind to Bitcoin, to say the least; the leading cryptocurrency has retraced (some have called it more of a crash) from $10,000 to as low as $8,520 in a dramatic fashion, liquidating millions of dollars worth of BitMEX positions. Despite this, analysts remain optimistic. In fact, one top analyst,…
Since topping at $10,500 two weeks ago, Bitcoin hasn’t fared well. The price of the leading cryptocurrency has fallen off a proverbial cliff, falling as low as $8,520 in the past 24 hours on the back of millions in liquidations, marking a drop of 19% since the aforementioned top.With this move, Bitcoin has found itself…
Over the past few days, Bitcoin has been flagging. Ever since it peaked at $10,300 on Wednesday, it has been mostly downhill, with the leading cryptocurrency falling off a cliff on that very same day to $9,250 in an extremely short period of time.Despite this bearish price action, which has been somewhat negated by a…
Over the past 30 minutes, the crypto market has mounted a surprise recovery: Bitcoin, after flatlining around $9,650 for some 36 hours, surged higher just this hour, reaching as high as $9,945 just minutes ago as of the time of this article’s writing.This rapid 2% gain from $9,700 liquidated a mere $15 million worth of…