Bitcoin slipped to 3.5-month lows early Monday, confirming the biggest price pullback of the current bull run, the CoinDesk writes. The top cryptocurrency printed a low of $42,212 during the Asian hours, the level last seen on Feb. 8, marking a 35% drop from the record high of $64,880 reached on April 14, according to […]
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Tag: crypto market
Analyst Warns of Broad Correction in the Cryptocurrency Market
Vanda Research has warned of a broad correction in the cryptocurrency market. Ben Onatibia, the firm’s partner and senior strategist, said that the surge in cryptocurrency prices this year is reminiscent of bitcoin’s rally in 2017. A Correction in Crypto Market Appears to Be Brewing, Says Analyst Vanda Research published a report Monday warning of […]
Here’s Where The Ethereum Rally Could Pause
Ethereum is ripping, now well above $4,000 per ETH and in full price discovery mode. But with no obvious resistance levels, how can anyone prepare for when the trending altcoin runs out of steam and eventually reverses? Technical analysis indicators, as well as fundamental tools are two possibilities, however, simple mathematics could also play an important factor. […]
Ethereum Price Closes in on $4K as Shiba Inu (SHIB) Steals Dogecoin’s Thunder
Ethereum and Dogecoin hit new highs as investors brace for Elon Musk’s SNL debut and Bitcoin bulls push the price closer to $60,000? the Cointelegraph writes. The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up […]
Bitcoin Can Hit $92K in April: Analyst Predicts
More proof that Bitcoin is far from the most vertical stage of its bull run comes from PlanB and the relative strength index. Bitcoin (BTC) can surge to $92,000 in the next two weeks and still “only” be matching its past performance, new data claims. In a tweet on Wednesday, PlanB, the analyst behind the stock-to-flow family […]
Key XRP Technical Indicator Disagrees With Parabolic Price Rally
XRP, the Ripple blockchain’s native token, is up more than 600 percent in 2021 even though it remains in a tense court battle with the US Securities and Exchange Commission over its legal status. The world’s fourth-largest cryptocurrency by market cap now, XRP has continued its climb, entering the second quarter. According to data provided […]
Bitcoin Flash Crashes by $2K in 5 Minutes, Liquidating $600M in Longs
A flash crash on short timeframes for BTC/USD induces panic among long traders; but for analysts, it’s business as usual. Bitcoin (BTC) fell over $2,000 in five minutes on March 31 as a wave of volatility disrupted an otherwise calm market. BTC sees sudden volatility Cointelegraph Markets Pro and TradingView showed a nightmare for long traders unfold on […]
Ethereum Bulls Enticed by $1,750 Support and Lack of ETH Liquidations
Ethereum miners and developers might be fighting over network upgrades but derivatives data shows investors are still wildly bullish. As Bitcoin price dropped below $55,000 on March 15, Ether (ETH) pulled back to confirm the $1,750 level as support. This signals optimism from professional traders despite the 12% drop that occurred after Ether price peaked […]
Market Wrap: Bitcoin Stuck Near $56K, Ether Faces Short-Term Sell Pressure
Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours. Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and […]
Bitcoin Price Rally to $61,800 Shows BTC Bulls Are in Full Control
As Bitcoin price skyrocketed to a new all-time high above $61,800, altcoins like Decentraland rallied more than 90%, the Cointelegraph reported. On March 13 bulls took full control of the crypto market as Bitcoin (BTC) price vaulted to a new all-time high at $61,844 after a high volume surge pushed the price through overhead resistance near $58,000. […]