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Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting
20.9.2022
Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, where it is expected that the Federal Reserve will increase interest rates. As inflation continues to remain at elevated levels, many anticipate the Fed will raise rates by over 75 basis points. Ethereum...
MicroStrategy Buys 301 More Bitcoins, Now Holds Almost 130K
20.9.2022
The firm has purchased the 301 bitcoin for an average price of $19,851 per coin
Bitcoin Price and Ethereum Struggle Into Bottom of Resistance Zone, XRP Outperforms
20.9.2022
Bitcoin price started an upside correction above the $19,000 level. BTC is currently (11:10 UTC) struggling to clear the $19,620 resistance. A clear move above $19,620 might send the price towards $20,000 or even higher.
Similarly, most major altcoins are facing hurdles. ETH is facing resistance...
Bitcoin analysts give three reasons why BTC price below $20K may be a 'bear trap'
20.9.2022
A set of technical indicators see Bitcoin price ending its prevailing bearish cycle
‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst
20.9.2022
With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower" given how hawkish the Fed has been
Bitcoin Price and Ethereum Recover, Altcoins Reverse Most Losses
20.9.2022
Bitcoin price traded to a new monthly low near $18,250 before it started an upside correction. BTC is currently (03:10 UTC) trading above $19,200. The price must settle above $19,500 and $19,620 to continue higher.
Similarly, most major altcoins started a decent upside correction. ETH recovered...
Price analysis 9/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
19.9.2022
Uncertainty over the Federal Reserve’s upcoming rate hike is keeping Bitcoin and altcoins under pressure. This could change if the expected 0.75% bps hike is selected
Can Unlimited Fiat and Governments Suppress Bitcoin’s Price? 2 Analysts Discuss the Theory and Odds
19.9.2022
The price of bitcoin has dropped 72.9% in USD value since the crypto asset’s all-time high ten months ago and recently, bitcoin’s been trading for just under $19K per unit. This week two prominent crypto market influencers have been discussing how governments could suppress bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Month Lows to Start the Week
19.9.2022
On Monday, bitcoin fell to its lowest level since June, as sentiment in cryptocurrency markets remains bearish. The token has fallen lower in consecutive sessions following last week’s U.S. inflation report, and the fall comes ahead of the upcoming U.S. Federal Open Market Committee meeting....
Bitcoin’s Volatility Seems to Not End; Can BTC Rise to Its Glory?
19.9.2022
A successful Merge update has triggered the argument of the sustainability of Proof of Work consensus for the long term, especially Bitcoin. After the Merge, Bitcoin is in a downtrend, which also raises doubts in retail investors who invest in Bitcoin with their hard-earned money because they...
Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high
19.9.2022
On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022
Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week
19.9.2022
The Fed prepares an inflation move that could act as a "sledgehammer" for crypto and risk assets
Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities
19.9.2022
According to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining operations. The Mohawk Council of Kahnawake (MCK) created a new organization to research...
Bitcoin Price and Ethereum Bleed, Altcoins Takes Hit
19.9.2022
Bitcoin price failed to stay above the key $19,500 support zone. BTC is currently (03:30 UTC) down over 6% and trading below $19,000. It seems like ether’s price decline is dragging bitcoin lower and might push it towards $18,000 or $17,800.
Similarly, most major altcoins are gaining bearish...
Merge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days
19.9.2022
During the last 35 days, ethereum has lost a significant amount of market dominance leading up to The Merge. On August 14, 2022, the second leading crypto asset by market capitalization, ethereum, had a market dominance of around 19.5% but three days after the transition to proof-of-stake (PoS)...
Goldman Sachs' bearish macro outlook puts Bitcoin at risk of crashing to $12K
18.9.2022
Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support
Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October
17.9.2022
Half of September has passed and bitcoin traders are curious about where the price is headed next, as September is traditionally a bearish month for crypto prices. Furthermore, October is known to be a bullish month as bitcoin has been profitable in October more than 77% of the time. Data shows...
These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake
17.9.2022
Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days...
Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues
17.9.2022
Ethereum continued to fall on Saturday, as the token’s post-Merge sell-off intensified to start the weekend. Prices of the world’s second largest cryptocurrency fell to their lowest level since July, as bearish sentiment in the market remained high. Bitcoin was also lower today, once...
The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin
16.9.2022
A classic bearish reversal pattern suggests pain ahead for the ETH/BTC pair despite Ethereum's milestone Merge event