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Altcoins See Early Optimism After Thursday Massacre, Litecoin Up 10%
13.3.2020
Source: iStock/t_kimura
Following the massacre in the broader crypto market on Thursday, major altcoins have already started to recoup some of their losses, with some cryptoassets now showing positive returns over the past 24 hours.
Despite a sea of red in the crypto market, altcoins such...
Bitcoin and Altcoins Attempt to Recover After Significant Crash
13.3.2020
The past 3-4 sessions saw a significant drop in bitcoin price from well above USD 8,000 to well below USD 5,000. BTC/USD lost more than 50% and even tested the USD 4,000 area. The price is currently (09:00 UTC) recovering above USD 5,000, but there are many resistances waiting on...
Panic Attack: Bitcoin Crashes to USD 6,000, Altcoins Bleed More
12.3.2020
The downturn in the crypto market just accelerated.
As of press time on Thursday (10:50 UTC), bitcoin traded at USD 6,000, down more than 15% over the past 24 hours. The move occurred amidst erratic trading in digital assets, with price reaching as low as the USD 5,500 level before recovering.
The...
Bitcoin and Altcoins Extend Decline
12.3.2020
In the past few hours, there was a sharp decline in bitcoin price below the USD 7,800 support. BTC/USD declined more than 6% and it even broke the key USD 7,500 support level. It seems like the bears are aiming a test of the USD 7,200 support level in the coming sessions.
Similarly, most major...
Bitcoin and Altcoins Trading Near Crucial Juncture
11.3.2020
After testing the USD 7,650 support area, bitcoin price started a short term upside correction. However, BTC/USD struggled to gain bullish momentum above the USD 8,000 and USD 8,080 levels. The price is currently (08:30 UTC) consolidating below USD 8,000 and it seems to be preparing for the next...
Bitcoin and Altcoins At Risk of More Losses
10.3.2020
Recently, we saw a significant drop in bitcoin price from well above the USD 8,550 support. BTC/USD declined more than 10% and it even settled below the USD 8,000 level. The price is currently (09:00 UTC) consolidating losses and it remains at a risk of more losses below USD 7,800 and...
Bitcoin and Altcoins Recovery Might Be Short-lived
9.3.2020
This week started with a massive decline in bitcoin from well above USD 8,500. BTC/USD tumbled around 10% and it broke many supports near the USD 8,400 and USD 8,000 levels. The price is currently correcting higher, but upsides are likely to remain capped near USD 8,200 and USD 8,240.
Similarly...
Silver Lining for Bitcoin Amid Global Market Panic, Altcoins Purge Estimated
9.3.2020
As global stock markets saw massive sell-offs overnight, cryptoassets also fell sharply, with both bitcoin (BTC) and ethereum (ETH) recording double-digit losses over the past 24 hours of trading. However, some industry observers claim that crypto’s mainstream moment as a utility may finally...
Bitcoin Crashes to January Lows, Altcoins Suffer Bigger Losses
8.3.2020
In a surprising move, bitcoin (BTC) price crashed this weekend, dropping to the levels last seen in January, while all major altcoins are in red against BTC on Sunday.
BTC dropped on Saturday sharply and is still moving down on Sunday. At pixel time (16:01 UTC), bitcoin trades at c. USD 8,431...
Investing in Bitcoin or Altcoins – Which One will Give You More Returns?
8.3.2020
The cryptocurrency sector comes with a lot of different currencies. Apparently, we have a new altcoin coming into the scene almost every day that can change the cryptocurrency field. Knowing where to invest your money can save a lot of hassles and time. There is no right decision or wrong decision...
Bitcoin and Altcoins Gaining Bullish Momentum
6.3.2020
After forming a support base above the USD 8,850 level, bitcoin price climbed above the USD 9,000 pivot level. BTC/USD even surpassed the USD 9,100 level and it might continue to rise steadily towards USD 9,280 and USD 9,450 in the near term.
Similarly, most major altcoins are gaining bullish...
Bitcoin and Altcoins Sighting Crucial Bullish Break
5.3.2020
In the past three sessions, there was an increase in the positive sentiment for bitcoin above USD 8,650 and USD 8,700. BTC/USD broke the USD 8,850 resistance area and it is currently (09:00 UTC) making an attempt to climb higher above the USD 9,000 resistance.
Similarly, most major altcoins...
Bitcoin and Altcoins Might Get Boost From India News
4.3.2020
Today, the Supreme Court of India lifted the ban on cryptocurrencies trade imposed by the Reserve Bank of India. This is a positive signal and it could boost the market sentiment for bitcoin. However, in the past few hours bitcoin is still trading sideways.
Also, at the moment (08:30 UTC), most...
Bitcoin and Altcoins Sighting a Strong Recovery
3.3.2020
Bitcoin price started a steady recovery above the USD 8,550 and USD 8,650 levels. BTC/USD even broke USD 8,700, but it failed to gain bullish momentum above the USD 8,850 resistance area. The price is currently (09:00 UTC) trading near USD 8,750 and it could make another attempt to surpass...
Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work?
2.3.2020
Data shows that buying the worst-performing cryptos on a daily basis can provide a better risk-adjusted-performance than just buying the best-performing cryptocurrency
Bitcoin and Altcoins Trading Near Crucial Juncture
2.3.2020
This past week, bitcoin fell more than 5% and it settled below the USD 8,850 support area. BTC/USD even spiked on a couple of occasions below the USD 8,550 and USD 8,500 support levels. It is currently (08:00 UTC) consolidating losses above USD 8,500 and it could either recover towards USD 9,000...
Bitcoin and Altcoins Struggle to Recover
28.2.2020
After trading below the USD 8,850 support, bitcoin found bids near the USD 8,550 support area. Recently, it started an upside correction above USD 8,700, but the previous supports near USD 8,850 and USD 9,000 are now (09:00 UTC) acting as key resistances for the bulls.
Similarly, most major...
Bitcoin and Altcoins Show Post-Crash Recovery Signs
27.2.2020
Yesterday, we discussed the chances of more losses in bitcoin below the USD 9,200 and USD 9,000 support levels. BTC/USD did decline heavily and broke many supports near USD 9,000 and USD 8,850 level. It tested the USD 8,550 support area and it is currently (09:00 UTC) correcting higher.
Similarly...
Bitcoin Dominance Surges as Altcoins Extend Sell-Off
26.2.2020
After nearly all cryptoassets fell yesterday, leading to bitcoin’s safe-haven status being questioned in the community, a fresh wave of selling again hit the market on Wednesday. This time, it’s the altcoins that are taking the worst hit.
As of press time on Wednesday (10:30 UTC), bitcoin (BTC)...
Bitcoin and Altcoins Are Plunging And Remain At Risk
26.2.2020
Yesterday, we saw the start of a fresh bearish wave in bitcoin below the USD 9,650 support. Later, BTC/USD gained bearish momentum and it traded below the USD 9,550 and USD 9,200 support levels. The next key support is near USD 9,050, below which there is a risk of a sharp decline.
Similarly, there...