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“# 3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week ” Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap. There are several big reasons behind the strong uptrend of MATIC, including the growing…
“# Bearish signals grow as Bitcoin price drops to $35K and traders ignore the dip ” The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend. Despite the downside moves seen across…
“# Price analysis 5/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, ICP, UNI, BCH ” Earlier this week billionaire investor Carl Icahn’s told Bloomberg that he is considering entering crypto in a big way but this hardly made any difference to crypto prices. This is just another hint that the underlying sentiment is bearish and that crypto…
“# Bitcoin can still drop to $20K but holding remains winning strategy, data shows ” Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and…
“# Bitcoin tumbles to $36K as ARK’s Cathie Wood addresses BTC regulatory fears ” Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits. The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an…
“# Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000 ” Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000…
“# Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon ” The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is…
“# 3 ways traders use moving averages to read market momentum ” The first step to successful trading is the identification of medium and the short-term trends. Traders who remain on the right side of the trend and use risk management principles usually end up earning profits. An equally important activity in the trading process…
“# Pumped up by volume? 5 crypto assets that traders loved this month (and their prices) ” Trading volume — the amount of an asset that changed hands over a given period — is one of the key metrics that investors use to track price trends and assess the market outlook for a specific coin…
“# Bitcoin tackles $40,000 as Biden unveils new $6 trillion federal spending budget ” Bitcoin (BTC) may get a boost to finally clear $40,000 at the expense of the United States dollar, as U.S. President Joe Biden’s new $6 trillion federal spending budget proposal is unveiled. The United States president will announce the massive fiscal…