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Bitcoin and Altcoins Vulnerable to a Further Correction
21.5.2020
Bitcoin price made many attempts to overcome the USD 9,950 and USD 10,000 resistance levels, but it failed. As a result, BTC reacted to the downside and broke a couple of key supports near the USD 9,550 level. It has opened the doors for a downside correction towards USD 9,000 or even...
Bullishness Spreads to Major Altcoins (Except XRP) in Wake of Bitcoin Halving
20.5.2020
Despite Bitoin’s (BTC) recent halving on May 11 diverting some of the attention, other major cryptoassets have also seen strong performance in the days following the event, with early signs now indicating that the bullishness in BTC may be spreading to the broader crypto market.
Following...
Bitcoin and Altcoins Preparing For Next Move
20.5.2020
Bitcoin price remained below the key USD 9,950 and USD 10,000 resistance levels. On the downside, there is a major support forming near the USD 9,550 level. Therefore, BTC seems to be preparing the next break either above USD 10,000 or towards USD 9,000.
Similarly, most major altcoins are likely...
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’
20.5.2020
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases...
Bitcoin Topside Bias Vulnerable Below USD 10K, Altcoins Consolidate
19.5.2020
Bitcoin price started a downside correction after it failed to clear the USD 9,500 and USD 10,000 resistance levels. BTC/USD traded below the USD 9,850 support and tested USD 9,550. The price is currently (09:00 UTC) stuck in a range and seems to be facing a strong resistance near...
Bitcoin Stuck Below USD 10K, Altcoins Look Ready For Another Leg Higher
18.5.2020
This past week, there was a downside correction in bitcoin price from the USD 10,000 resistance. BTC/USD traded below USD 9,550, but it found support near USD 9,200. Recently, it started a fresh increase and broke many hurdles near USD 9,550 to revisit the USD 10,000 region.
Also, many major...
Bitcoin Facing Uphill Task Near USD 10,000, Altcoins Stable
15.5.2020
Bitcoin price followed a bullish path after it settled above the USD 9,500 resistance. BTC/USD broke a couple of major hurdles near USD 9,800, but it faced an uphill task near the USD 10,000 resistance zone. As a result, there was a downside correction and the price is currently (08:30 UTC)...
Coinbase Report Suggests Bitcoin Acts as a Gateway to Altcoins
15.5.2020
Bitcoin acts as a gateway to altcoins, with only 24% of investors keeping the faith, according to research from Coinbase
Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins
14.5.2020
Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets.
In a blog post, the platform claimed,
“Among customers with at least five purchases, 60% start with bitcoin but just...
Bitcoin Rallies, Altcoins Gain Momentum
14.5.2020
After a successful close above the USD 9,000 resistance, bitcoin price gained bullish momentum. BTC/USD surged above the USD 9,200 and USD 9,400 resistance levels to move further into a positive zone (08:00 UTC). Going forward, a close above USD 9,550 might open the doors for a push towards...
Bitcoin Returns Above USD 9,000, Altcoins Drop Against BTC
13.5.2020
It took a few days for bitcoin (BTC) price to return above the USD 9,000 level after crashing on the eve of the third mining reward halving.
At pixel time (13:30 UTC), BTC trades at c. USD 9,094 and is up by 4% in a day, almost erasing all its weekly losses. The price is up by 35% in a month...
Bitcoin Struggling Near USD 9,000, Altcoins Show Signs of Life
13.5.2020
After halving, bitcoin price managed to settle above the USD 8,550 pivot level. BTC even climbed above the USD 8,850 resistance, but it seems like it is facing a major resistance near the USD 9,000 zone. If there is a clear break above USD 9,000, the price could start a strong rally.
Looking...
Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin
12.5.2020
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data
Post-halving Bitcoin Consolidates, Altcoins Facing Major Hurdles
12.5.2020
After a strong decline, bitcoin price started a decent recovery wave above USD 8,550 ahead of the mining reward halving. BTC/USD even recovered above the USD 8,850 level, but it failed to surpass USD 9,000. As a result, there was a fresh decline and the price is now (08:30 UTC) consolidating in...
Bitcoin And Altcoins At Risk of More Losses
11.5.2020
This past week, we saw a strong bearish reaction in bitcoin price from the USD 10,000 resistance. BTC/USD broke the USD 9,500 and USD 9,000 support levels to move into a bearish zone. The price is currently consolidating above USD 8,500 and remains at a risk of more downsides.
Similarly, most major...
Bitcoin Dives, Erasing All Weekly Gains, Altcoins Bleed Too
10.5.2020
In a sudden move in early Sunday hours (UTC time), bitcoin (BTC) price crashed around 10%, leaving traders perplexed. In the top 10, all coins, except tezos (XTZ), are down in double-digits.
At pixel time (04:50 UTC), BTC trades at c. USD 8,534 and is down by 13% in a day, erasing all weekly gains...
Here’s Why Altcoins Bouncing as Bitcoin Retraced From $10K Is Bullish
9.5.2020
Tezos, Chainlink and Ethereum are just some of the altcoins playing catch up while Bitcoin price takes a breather from $10,000
Bitcoin Gains Traction Ahead of Halving, Altcoins Struggle To Follow
8.5.2020
In the past two days, there was a steady rise in bitcoin price above the USD 9,000 and USD 9,200 resistance levels. BTC even broke the USD 9,500 resistance and spiked above USD 10,000. It is currently (08:30 UTC) correcting lower, but dips remain supported above USD 9,550 and USD 9,500.
However...
Bitcoin Rising Steadily While Altcoins Show Negative Signals
7.5.2020
After a successful close above USD 9,000, bitcoin price extended its upward move. BTC/USD surpassed the USD 9,200 resistance and tested USD 9,400. It is currently (08:30 UTC) consolidating above USD 9,200 and facing hurdles near USD 9,400, USD 9,440, and USD 9,500.
On the other hand, most major...
Bitcoin and Altcoins Try To Extend Gains
6.5.2020
In the past few hours (08:30 UTC), bitcoin price showed signs of bullish continuation at the USD 9,000 level. Should BTC/USD move towards the USD 9,200 resistance, it could continue to rise towards the USD 9,500 level. If not, the price might correct lower towards USD 8,850 or even...