Crypto news

Bitcoin price saw a day of major volatility after topping out at $34,800 yesterday. From there, the primary cryptocurrency started the week by dropping a sharp 16% to reach as low as $27,800 on Bitstamp in a much-needed retracement following an enormous rally.As shown on the daily chart below, Bitcoin reached the lower line of the ascending channel.In our yesterday’s analysis, we mentioned some bearish divergence on the 4-hour timeframe, which seems to have played out today. This retracement...

The crypto trading giant has set a new all-time high in 24-trading volume, exceeding $80 billion on both the spot and derivatives platforms. In total, more than $180 billion has been traded across the entire crypto market in the last 24 hours as of press time.Binance Trading Volume Records New ATHTweeting on Monday (Jan. 4, 2021), Binance CEO Changpeng Zhao said that trading volume on the platform was twice its previous all-time high (ATH), reaching over $80 billion. Data from CoinMarketCap...

Over the past few years, Fundstrat’s Tom Lee has gotten quite the reputation for predicting where bitcoin’s price will go. He’s been off here and there, which has likely gotten a lot of people to lose faith in his words but considering that bitcoin has been on a heavy bull run over the past few months, his recent prediction is likely hitting home for a lot of digital traders and enthusiasts.Tom Lee Is At It Again with BTC PredictionsThus far, bitcoin has risen by roughly 300 percent since the...

It’s just been a few days and already 2021 is off to a great start for bitcoin and the land of cryptocurrency. The world’s number one digital asset by market cap has shot beyond the $30,000 mark. In fact, it is currently trading in the high $32,000 range, which is a small dip from its new all-time high of roughly $33,000.Bitcoin Is Enjoying the New Year2020 really set a pinnacle for bitcoin and crypto trading. The asset rose all the way to about $28,700 during the final days of December. Now...

Three Arrows Capital, a fund management company registered and supervised by the Monetary Authority of Singapore, disclosed a massive BTC position through the Grayscale Bitcoin Trust. The firm owns over 6% of all GBTC shares, meaning a total amount of almost 37,000 bitcoins.According to a document that Three Arrows Capital filed with the US Securities and Exchange Commission (SEC), the company owns 38,888,888 shares of the Grayscale Bitcoin Trust.This represents 6.1% of all 638,906,600 shares...

ETH/USD – Ethereum Breaks $1000 and Surges As High As $1,161.Key Support Levels: $975, $915, $855.Key Resistance Levels: $1042, $1100, $1140.Ethereum has surged 40% since the start of 2021, allowing the cryptocurrency to break above $1000 for the first time since Jan 2018. Yesterday, ETH pushed upward from $760 and closed the daily candle at $975 (long term 1.272 Fib Extension).Today, ETH continued to reach as high as $1161, where it met resistance at a 1.272 Fib Extension level....

Since the opening of today’s candle, Bitcoin went on a rollercoaster, dropping around $5,500 and recovering some of it already. On its way down, BTC filled the latest CME gap at about $29,000 and jumped back above $30,000 immediately after.This raises speculations within the crypto community if this was a necessary correction triggered by the CME gap and if it’s already over.CME Gap At $29K FilledThe Chicago Mercantile Exchange allows institutional investors to trade bitcoin on its regulated...

XRP/USD – Bulls Defending $0.22 Support So Far In JanuaryKey Support Levels: $0.22, $0.2, $0.171.Key Resistance Levels: $0.25, $0.285, $0.3..After a disastrous end to 2020, in which XRP tanked by a severe 75%, following the SEC lawsuit, the coin attempts to establish a strong support base at $0.22 (November 2020 lows). So far, it has closed each daily candle above this level in January.The cryptocurrency did spike beneath $0.2 on three occasions this month, but the bulls regrouped to bring...

ETH’s price is not the only Ethereum metric rising in the past few days as the transaction fees on the network have skyrocketed to an average price of above $10. The popular decentralized exchange Uniswap still accounts for the largest share with over 30,000 ETH spent in the past 30 days.Surging Fees On The Ethereum NetworkAccording to data from the monitoring resource Ycharts, the average fees on the Ethereum network have surged recently to above $10. This development came following months...

It’s perhaps safe to say that the past two hours have been some of the craziest on the cryptocurrency market for the past few years.The total cryptocurrency market cap surged to more than $900 billion, only to lose around $70 billion in an instant.ETH Lost Almost $300 In Two HoursThere’s no doubt that the center of attention over the past couple of days is Ethereum. ETH went on a rampage yesterday, claiming major resistance levels on the way up. It managed to surge to a high of $1,173 on...