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Bitcoin and Ethereum Struggle, Altcoins Correct Lower
3.8.2021
Bitcoin price settled well below the USD 40,000 pivot level. BTC even broke the USD 39,200 support level and extended its decline. It is currently (04:26 UTC) showing bearish signs and it could continue lower below USD 38,000.
Similarly, most major altcoins are struggling to gain traction....
Altcoins pump while traders anticipate a lower support test from Bitcoin
29.7.2021
RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price
Bitcoin fails to flip $40K with traders eyeing $36K or lower for support
28.7.2021
A welcome retracement should involve a bounce at a minimum of $32,500, forecasts assume after heavy resistance hits BTC/USD
Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds
24.7.2021
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds
XRP Corrects to Breach 21-DMA Despite Good Buying from Lower Levels
23.7.2021
XRP’s price momentum is looming in a negative trend and despite its pullback from the recently made low of $0.51. The pullback has helped XRP scale about 20% but for bullish sentiment to return in this cryptocurrency XRP needs to cross the 21 DMA line. At current it is again facing some resistance...
New York Fed Survey Shows Inflation Expectations Highest Ever Recorded
13.7.2021
American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing...
Asset Manager Guggenheim Lowers Bitcoin’s ‘Real Bottom’ Price Prediction
12.7.2021
Guggenheim CIO Scott Minerd has made another prediction about where the price of bitcoin will be, a lower estimate from his previous “real bottom” price prediction. The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, returned last week with another bearish...
Dogecoin (DOGE) Takes Support from Lower Levels!
29.6.2021
Dogecoin or Memcoin has been one of the most talked-about cryptocurrencies in 2021. After making a substantial up move in 2021, the second-half rally, or after May, has been subdued by numerous factors such as decreasing valuations. The negative trend in the overall crypto market pushed DOGE from...
DigiByte (DGB) Taking Support From Lower Levels
28.6.2021
DigiByte (DGB) was originally put forward in 2013 and began offering its services in 2014. In the last seven years, the blockchain network and its security have improved by a considerable margin. It uses five cryptographic algorithms and real-time difficulty adjustments to control malicious mining...
Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’
28.6.2021
The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though...
CME Group’s Micro Bitcoin Futures Reach 1 Million Contracts Traded
27.6.2021
CME Group’s(Chicago Mercantile Exchange) micro-bitcoin futures have already traded more than one million contracts. This instrument allows institutions and retail traders to invest in the crypto asset at a lower price point of 0.1 bitcoin. The contract has only been available for seven weeks...
Despite BTC’s Price Drop, Bitcoin Held on Exchanges Is 28% Lower Than Last Year
27.6.2021
While the price of bitcoin is more than 40% lower than it was 90 days ago on March 29, the number of bitcoin held on exchanges has also been reduced. Last year on the same day in June, 2.79 million bitcoin was retained on crypto trading platforms and a year later roughly 28.67% of the […]
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
24.6.2021
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries....
Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic
22.6.2021
The price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days...
Hawkish Fed comments push Bitcoin price and stocks lower again
19.6.2021
Bitcoin price drops a leg lower and stocks slump after St. Lous Federal Reserve President James Bullard signals that interest rates could rise by the end of this year
Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
18.6.2021
Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support
Bitcoin Corrects Lower, Ethereum and Altcoins Extend Losses
16.6.2021
Bitcoin price failed to stay above the USD 40,000 level and started a downside correction. BTC traded below the USD 39,500 level. It is currently (12:14 PM UTC) showing bearish signs and it seems like the bears might test USD 38,500.
Besides, most major altcoins are extending losses. ETH failed...
Bitcoin Prepares for Next Move, Ethereum and Altcoins Correct Lower
16.6.2021
Bitcoin price settled above the USD 39,500 and USD 40,000 levels. However, BTC is facing hurdles near the USD 41,000 and USD 41,200 levels. It is currently (04:32 UTC) consolidating gains and it could correct gains towards the USD 38,500 support.
Besides, most major altcoins are correcting gains....
Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower
31.5.2021
Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and...
US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE
20.5.2021
America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar...