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” Price analysis 4/25: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT “ Bitcoin (BTC) continues to trade below $40,000 as bears try to flip the level into resistance. The soaring U.S. dollar index (DXY), which is usually inversely related to Bitcoin, favors the sellers. However, it is not all gloom and doom…
” Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT “ Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in…
” Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust “ Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls’ latest advance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sheds $3,000 on U.S. stocks plunge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept…
” Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT “ The U.S. dollar currency index (DXY) turned down sharply after rising above 101 on April 20 but this weakness in the dollar has not helped Bitcoin (BTC), possibly because the S&P 500 is struggling to build upon its strong rally on…
” Ethereum price ‘bear flag’ could sink ETH to $2K after 20% decline in three weeks “ Ethereum’s native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside is possible in the near…
” Price analysis 4/18: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT “ Bitcoin (BTC) and most major altcoins have started the new week on a soft note and the Crypto Fear and Greed Index has dropped into the “extreme fear” zone, suggesting that investors are still nervous. Bitcoin has declined about 17%…
” Altcoin Roundup: Analysts give their take on the impact of the Ethereum Merge delay “ The rollout of Ethereum 2.0, or Eth2, includes a transition from proof-of-work to proof-of-stake that will supposedly transform Ether (ETH) into a deflationary asset and revolutionize the entire network. The event has been a trending topic for years and…
” Price analysis 4/15: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT “ Bitcoin (BTC) remains closely correlated with the S&P 500 but the institutional investors do not seem to be waiting for a turnaround in the United States’ equities market or decoupling to happen before buying more Bitcoin. Notably, 30,000 Bitcoin moved out…
” Ethereum Merge a ‘few months after’ June: Dev clears up what’s going on “ The long-awaited Ethereum Merge is set for yet another delay, with developers working on the upgrade estimating a completion time a “few months after” June. Owing to the success of testing, there was a general expectation the Merge would go…
” Price analysis 4/13: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE “ Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February which could “be providing sufficient headwinds…