Ripple is testing major resistance as it is now trading around $0.7400. Key Highlights: There is a major bullish trend line forming over the past few hours Now, XRP is testing a major resistance of $0.7400 Several support levels (such as $0.6600) have been tested Ripple Now Recovering? At the moment, it looks like there’s…
Ethereum price analysis: rising back is a promising sign. Key Highlights: Although ETH price has been under immense bearish pressure lately, falling to as low as $574.42 today, it looks to be on the rise once again A bullish trend line is forming a resistance at $740 ETH was able to hold a support level…
Ethereum rising back is a promising sign. Key Highlights: Although ETH price has been under immense bearish pressure lately, falling to as low as $574.42 today, it looks to be on the rise once again A bullish trend line is forming a resistance at $740 ETH was able to hold a support level of $680…
The cryptocurrency market is rebounding today after many coins lost double-digit percentage value yesterday. China announced their implementation of banning both foreign and domestic cryptocurrency websites with their country-wide firewall. Panic sells have become a common theme as countries publically announce new regulations around cryptocurrency. However, it seems the fear has subsided as most coins…
The cryptocurrency market is rebounding today after many coins lost double-digit percentage value yesterday. China announced their implementation of banning both foreign and domestic cryptocurrency websites with their country-wide firewall. Panic sells have become a common theme as countries publically announce new regulations around cryptocurrency. However, it seems the fear has subsided as most coins…
Will the Chinese New Year crypto effect take hold again this year? Chinese New Year is on February 16th this year and the crypto market is holding its breath until the date passes. Why? In the past, Chinese New Year has caused crypto prices to plummet. Asian countries (China in particular), account for a huge…
This morning, BTC price fell just below the $6,000 mark, but it rebounded soon after and even rose to a daily high of $7,418.89. Currently, it is trading at about $6,996.27 as of 1PM EST. As mentioned yesterday, a major support level was established at $7,000, and today’s movement shows that BTC was able to…
No one had expected the ruthless drop in cryptocurrency prices one month ago when the total market capitalization was moving above $850 billion; crypto lost almost a trillion dollars since. The cryptocurrency crash furthered since the start of this week; digital currencies plummeted at a double-digital rate in Monday trading and pessimistic market sentiments hammered…
Stellar and Cardano are performing well despite a huge decline in cryptocurrency prices in the last two weeks. The market looks quite soft since the start of this week; the total market capitalization of cryptocurrencies continues to move in the narrow range of $550 to $570 billion in the last three days. The soft movement in…
The likelihood of crashing to zero isn’t out of context for bitcoin and other digital currencies because they don’t have any underlying value as purely speculative investments. The increasing interest from technology and financial companies in blockchain technologies had lifted cryptocurrency prices last year. Anonymous transactions had also added to the popularity of digital…
