Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs. The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing […]
Bitcoin is showing signs of weakness as February draws to a close. Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted. For instance, the Crypto Fear and Greed Index […]
Altcoins offering layer-2 solutions pushed higher while profit-taking resulted in Bitcoin price pulling back to the $45,000 level. On Feb. 10, Bitcoin (BTC) price pulled back 5% from its newly established $48,220 high and a number of altcoins also underwent slight corrections. Data from Cointelegraph Markets and TradingView shows Bitcoin has declined 4.96% since yesterday’s […]
Bitcoin price surged above the $0,000 level before started a downside correction against the US Dollar. BTC is now testing a major support at $38,600, below which it could decline to $36,000. Bitcoin climbed above the $38,000 resistance, but it struggled to stay above $40,000. The price is trading near the $38,600 support, but it […]
Bitcoin price rallied towards the $38,000 resistance, but it failed to hold gains against the US Dollar. BTC started a fresh decline and it is now struggling to stay above $33,500. Bitcoin is showing a few bearish signs below the $35,000 and $35,500 resistance levels. The price is now trading near the $34,000 pivot level […]
As reported by Bloomberg, the Grayscale Bitcoin Trust [GBTC] premiums fall by 40% during recent crypto meltdown as GBTC itself fall by 15% WoW. For the first time since March 2017, fall in prices of GBTC [15%] has outpaced that of Bitcoin itself [13%] on the weekly timeframe. Investors Might be Dumping Their Positions in […]
Very low spot volume Thursday isn’t helping bitcoin’s price.
Bitcoin wobbled between gains and losses on Wednesday as traders measured on-chain sell-off signals against the drop in the benchmark bond yields. The flagship cryptocurrency surged around 0.5 percent to $34,335 ahead of the New York opening bell. It was trading at $35,233 on Coinbase exchange at its intraday high, pointing to bullish attempts to […]
At 28%, this weekend’s BTC price action was decidedly average compared to the cryptocurrency’s run-up to 2017 all-time highs. Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context. As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period […]
Bitcoin’s crash Monday came alongside a bounce in the Dollar Index.
The previous weekend has been kind to Bitcoin (BTC), allowing its price to hit a new all-time high (ATH) at $28,288. However, as the new week started, the leading cryptocurrency started seeing a strong correction that already took it to $26,600. Meanwhile, Binance Coin (BNB) approaches its previous ATH, promising to make a new record. […]
Derivatives data and trading volume show investors are still bullish on Ether price even after today’s drop to $596. On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that […]
Ethereum and Bitcoin underwent a strong drop the other day after days of consolidation. Ethereum slipped from the $590 region to lows around $550, marking a strong decline for the cryptocurrency that had benefited so much from the ETH2 launch. Ethereum was falling alongside BTC. The market was seemingly dropping as a result of the […]
Bitcoin price yesterday shocked the finance world by setting a new all-time high. With resistance around this area still strong, and with so many cryptocurrency investors in profit for 2020, extreme FOMO and profit-taking is causing wild volatility resulting in more than $1,000 intraday moves. This morning, exactly that happened, when after retesting yesterday’s peak, […]
Despite the weekend, the price of Bitcoin has seen volatility within the past 12 hours as stacked sell orders at $16,500 likely caused the drop. The price of Bitcoin (BTC) has seen volatility within the past 12 hours. The top cryptocurrency fell from $16,400 to $15,750 within hours, rejecting sharply after surpassing the $16,000 resistance […]
Ethereum extended its decline below the key $365 support against the US Dollar. ETH price is correcting higher and it must surpass $380 for to avoid another bearish wave. Ethereum started a decent upward move after it tagged the $360 level. The price is now trading nicely above the $370 level and the 100 hourly […]
Bitcoin price is experiencing a surge of intraday volatility, rocketing $150 in minutes then collapsing more than $250 just moments later. Here’s what is going on in the top-ranked cryptocurrency and what to watch for as price action to develops. Triangle False Breakout Rejects Bulls Back Below Resistance At $11,500 Bitcoin’s notorious volatility is back […]
Bitcoin could soon move towards the crucial CME futures gap at $9,600, formed when the cryptocurrency surged from the $9,000s in late July and early August. The CME futures is closed on the weekends, despite Bitcoin spot markets still trading. This forms natural gaps in the CME’s price action, many of which are filled within […]
Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses. Bitcoin (BTC) futures open interest just had its most extensive daily reduction in five months. Yesterday’s 11% drop move caused more liquidations than May 9 when BTC plunged 12.5% to $8,600. BTC futures open […]
The futures monthly contract on CME saw the strongest declines in its history post-expiration on Friday. While the price of the monthly contract for August closed ($11,350) around the opening ($11,630) itself. The high and lows of the futures contract on CME were $12,625 and $11,115. Apparently, the massive short position closing towards the end […]
Like most other crypto assets, Ethereum has slipped lower over the past four days. After peaking on Monday, all cryptocurrencies have retraced as Bitcoin has fallen lower seemingly due to a rise in the value of the U.S. dollar against foreign currencies. Ethereum has actually underperforming Bitcoin in this retracement, dropping around 11.5% from its […]
The bitcoin price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Fed meeting.
Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply.