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Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 2-Week Lows, Ahead of US Midterms
8.11.2022
Bitcoin fell below $20,000 on Tuesday, as markets prepared for the U.S. midterm elections. Cryptocurrencies were swept by a red wave today, as some Democratic investors expect that American voters will also be favoring such a wave in the political arena. Ethereum also moved lower, dropping below...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Friday, as NFP Report Looms
4.11.2022
Cryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Thursday, After Hawkish Fed Rate Hike
3.11.2022
Bitcoin fell towards the $20,000 mark on Thursday, after the U.S. Federal Reserve once again moved to increase interest rates. The Fed hiked rates by 75 basis points (bps), as it chose to maintain its current hawkish policy. Ethereum, which initially surged on the news, was also lower...
Biggest Movers: LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day
2.11.2022
Litecoin rose to its highest level in over six weeks on Wednesday, as the token moved past a key price ceiling. Today’s move comes despite cryptocurrency markets mostly trading lower, ahead of the Federal Open Market Committee (FOMC) meeting. Unus sed leo (LEO) was also higher, climbing...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates as Markets Prepare for 0.75% Rate Hike
1.11.2022
Bitcoin was consolidating below a key resistance level on Tuesday, as market volatility rose ahead of the upcoming U.S. Fed decision. Tomorrow’s Federal Reserve meeting will likely see interest rates increased, as the bank battles inflation. Ethereum moved below $1,600 in today’s...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry
30.10.2022
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and...
Bitcoin, Ethereum Technical Analysis: BTC Nears $21,000, ETH Above $1,640 on Saturday
29.10.2022
Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin...
Biggest Movers: AVAX Hits 1-Month High, DOGE Maintains Bullish Momentum
28.10.2022
Avalanche rallied to a four-week high on Friday, as prices moved close to a key resistance level. The token hit a ceiling of $17.70 earlier in today’s session, which comes following several days of gains. Dogecoin also maintained recent sentiment, as prices climbed for a fourth straight day....
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,500 — Market Momentum Remains Bullish
28.10.2022
Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week. Bitcoin was also in the red in today’s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin...
Biggest Movers: DOGE up by Over 17% as Elon Musk Comments on Twitter Takeover
27.10.2022
Dogecoin rose by as much as 17% on Thursday, as Tesla CEO Elon Musk moved closer to completing a takeover of Twitter. Musk has been a public supporter of the meme coin in recent years, with some suggesting that it could be added as a payment method on the social media platform. Cosmos also traded...
Bitcoin, Ethereum Technical Analysis: BTC Slips, Following Move Above $21,000
27.10.2022
Bitcoin fell marginally lower on Thursday, as traders moved to secure gains following yesterday’s price surge. The token rallied to a multi-week high above $21,000 late on hump-day, with bulls somewhat retreating today. Ethereum was also down from Wednesday’s five-week high. Bitcoin...
‘Sleeping Bitcoin’ Spends Slow Down Considerably in 2022, as 92 Decade-Old BTC Worth $1.79 Million Wake Up
25.10.2022
While the price of bitcoin has remained range bound and coasting along just above the $19K zone, over 60% of the bitcoin in circulation has not moved in a year or more. Moreover, there’s been very few transfers from bitcoins stemming from 2010, and it’s been more than two months since...
Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level
25.10.2022
Bitcoin was trading lower in today’s session, after failing to break out of a key resistance level of $19,600. Bullish sentiment seemed to have returned to the market on Monday, however this momentum was short lived. Ethereum also fell in today’s session, but remained above its recent...
Biggest Movers: QNT Extends Recent Gains, Climbing by 10% on Saturday
22.10.2022
Quant moved higher for a second straight session on Saturday, as prices rose by as much as 10%. The move sees the token break out of a key resistance level, with many now expecting a move towards $200. Xrp was also higher, extending recent gains in the process. Quant (QNT) Quant (QNT) was up...
Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19,000
21.10.2022
Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday’s move saw the token fall to a key support point in the process. Ethereum was also in the red in today’s session, as prices fell for a fourth straight day....
Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak
19.10.2022
Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today’s move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower on Saturday, as Bears Reenter the Market
15.10.2022
Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The world’s largest token moved lower to start the weekend, following yesterday’s surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process. Bitcoin...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Surge, as US Inflation Uncertainty Fades
14.10.2022
Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%. Despite this, traders seem to have breathed a sigh of relief, as the uncertainty surrounding...
Bitcoin, Ethereum Technical Analysis: BTC Below $19,000 Following FOMC Minutes
13.10.2022
Bitcoin was trading below $19,000 on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. In the minutes, the Federal Reserve hinted at upcoming hikes, while also acknowledging a level of surprise at the rate at which inflation has risen. Ethereum moved below...
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings
9.10.2022
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most...