There’s no doubt XRP saw poor performance in 2019. During that year, the price of the asset against the U.S. dollar fell by 50%, managing to underperform a swath of traditional asset classes, from stocks and bonds to precious metals and commodities.Because Bitcoin saw a strong 2019, rallying by over 90%, the XRP/BTC pair fell…
Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction.Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar.The bulls seem to be losing control, but there are still…
Experts believe bitcoin’s explosive price rally is about to hit an end as a trend-defining technical indicator screams ‘sell.’Bitcoin’s Open Interest (OI) is approaching $1 billion on BitMEX. Historically, whenever the total valuation of unsettled contracts touches the said valuation, bitcoin’s price in spot markets plunge. In September 2019, for instance, the cryptocurrency underwent a…
Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500.Bitcoin price is holding a crucial support area near the $9,150 level against the US Dollar.The current technical structure above $9,000 suggests the price is preparing for…
Ripple started a fresh decline after it failed to surpass the $0.2400 resistance against the US Dollar. XRP price might revisit the $0.2250 support area before a new bullish wave.Ripple price is declining and it seems like the bears protected the $0.2400 resistance against the US dollar.The bulls failed to keep the price above the…
Bitcoin’s potential rise to $10,000 against the ongoing Coronavirus frenzy may have been limited by one of its rival cryptocurrency projects.Cardano, or ADA, surged by close to 10 percent against the benchmark cryptocurrency on Tuesday, registering a fresh top near 588 sats. The move pushed the ADA-to-BTC exchange rate to its eight-month high, also inching…
Bitcoin gained bullish momentum above the key $8,800 resistance. As a result, BTC price surpassed $9,000 and it seems like the bulls are now aiming a test of $9,500.Bitcoin price is rising and it is now trading nicely above $9,000 against the US Dollar.The bulls are in control and there are high chances of a…
Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180.There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar.The price is up around 4% and it is likely to…
Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher.After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar.The price is up more than 5% and it broke…
Bitcoin is looking to repeat a technical pattern that crashed its price to $3,120 in late 2018.The leading cryptocurrency by valuation made a rebound from levels near $13,920 during June 2019. It plunged by more than 53 percent in the later sessions, falling to establish a local bottom towards $6,410. Entering January 2020, an upside…