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“# Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near ” Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly dropping below…
“# 3 reasons why Ethereum may underperform Bitcoin in the short-term ” Ether (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and…
“# Data suggests the strong US dollar makes Bitcoin weaker argument is flawed ” At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. For the past few weeks, analysts…
“# Bitcoin may lose $30K price level if stocks tank, analysts warn ” The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in…
“# Perlin (PERL) price gains 100% as the focus on green energy solutions intensifies ” Generating momentum and attracting investor attention can be a challenge during the best of times in the cryptocurrency market and it is an even bigger challenge when the markets are choppy like the entire crypto ecosystem has been the past…
“# Hawkish Fed comments push Bitcoin price and stocks lower again ” Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to…
“# Bulls hesitate to buy the dip after Bitcoin price falls close to $35K ” On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of…
“# Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16. To tame inflation, the Fed plans to undertake two rate hikes before the end…
“# Even Elon Musk can’t save Dogecoin from crashing another 60%, analyst asserts ” If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure. For instance, pseudonymous analyst Tyler Durden highlighted what appears to be a “Head and…
“# Bitcoin price falls below $37K amid little hope of a definitive weekend bounce ” Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers no match for BTC bears Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as…