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“# Exchange tokens bounce from key support levels as COIN looks for direction ” A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up to the event. However, traders usually buy the rumor and sell the news. In this case, they…
“# Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high ” As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract…
“# Bad omen? US dollar and Bitcoin are both slumping in a rare trend ” The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level. Yet, the U.S. dollar index (DXY) has continued to fall in recent weeks, dropping to its…
“# Bitcoin rebounds to $56K as Dogecoin price halts at 420% weekly gains ” Bitcoin (BTC) saw a staunch comeback on Tuesday thanks to fresh bullish news from PayPal combined with solid on-chain indicators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView #Doge420 aims to sprout $4.20 Dogecoin Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to…
“# Bitcoin technicals sour as price dives under $54K and two critical whale clusters ” Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172. The cryptocurrency market began to drop once again after an initial relief rally…
“# Are we there yet? Here’s why one analyst says its not ‘altcoin season’ ” Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an “altcoin season.” A quick view of Crypto Twitter shows the…
“# Price analysis 4/19: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, LTC, BCH, UNI ” During strong uptrends, the best practice is to buy on significant dips as profits are produced when the price quickly rebounds from oversold conditions. This appears to be what happened on April 18 as traders jumped at the opportunity to…
“# Dogecoin (DOGE) market cap hits $50B, surpassing ING and Barclays ” The last ten days have been nothing short of impressive for Dogecoin (DOGE), which rallied by more than 500% to a new all-time high at $0.45. Even after a 15% correction, the powerful rally catapulted Dogecoin’s market capitalization above well-established financial institutions like…
“# Dogecoin at $0.44 embraces ‘literal moon’ ahead of Elon Musk SpaceX launch ” Bitcoin (BTC) may be flagging, but one cryptocurrency could not be less fazed by the market downturn, hitting new all-time highs. Dogecoin (DOGE), the altcoin based on a Shiba Inu meme, passed $0.40 for the first time on April 19, capping…
“# Bitcoin traders are eyeing these price levels as BTC rebounds from weekend crash ” The price of Bitcoin (BTC) is recovering after a strong sell-off during the weekend, caused by cascading liquidations in the futures market. BTC/USDT 15-minute price chart (Binance). Source: Tradingview.com Traders are pinpointing three levels as the critical price areas to…