It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.Bitcoin Plummets Below $11KIt’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some...
Read More »Huge Transactions Observed Among Top Three Digital Assets: BTC, ETH and XRP
According to the blockchain transaction details, Ripple moved 1 billion of XRP in three portions. One consisting of 200 million, another consisting of 300 million, and the third one of 500 million.Leading cryptocurrency exchanges including Binance, Coinbase and also OKEx, and one of the biggest industry players Ripple yesterday moved huge amounts of digital assets, which possibly resulted in their 10% drop. During yesterday’s volatility, Bitcoin (BTC) lost approximately $1000 in value,...
Read More »CZ Binance About Today’s Crash: Bitcoin is Not Dead
After starting the month of September around the $12k mark, Bitcoin experienced a sharp correction today that crashed it to lows of nearly $1,160 in a matter of hours, erasing the gains of almost five days.Admittedly, a nervousness during the correction was to be expected as several traders adapted their strategies to this sharp move. Still, things got worse when two of the most popular crypto exchanges started to lag.Binance and Coinbase lagging during the crashAt 4 am PDT, Coinbase...
Read More »Blood Bath: Total Market Cap Shrunk $23 Billion As BTC Lost 5% and ETH 15%
Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily.Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines).Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss.Bitcoin Dives By 5%Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears...
Read More »Litecoin (LTC) Price Analysis: Do or Die for The Bulls Near $57
Litecoin price is currently declining and trading below the $62.00 and $60.00 support levels against the US Dollar.LTC price is testing the $57.00 support zone and it is well below the 55 simple moving average (4-hours).There was a break below a major connecting bullish trend line with support near $61.45 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $60.00 and $60.50 resistance levels to move into a positive zone.Litecoin price is currently...
Read More »Ethereum Surges; Will It Hit $500 Soon?
Ethereum – the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin – has surged overnight by more than ten percent and is currently trading for well over $477. This is a spike of more than $30 over the past 24 hours.Ethereum Has Jumped Beyond $470On Monday August 31, the currency was trading for around $443, having broken $400 just two days prior. The entire week before, Ethereum had encountered a period of relative stagnation, hanging about the high $300...
Read More »Crypto Price Analysis September 2: BTC, ETH, LTC, BCH, EOS
The crypto market is trying to grow after another correction.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The Ethereum is ahead of the others that do not hurry to renew the highs. Moreover, on D1s of such cryptocurrencies as the Litecoin or Eos, reversal patterns are forming, promising a decline, and if the buyers fail to keep the nearest support levels,...
Read More »Bitcoin Price Hit $12,000 Yesterday Despite Ethereum Is Slowly Eating BTC
This recent Bitcoin price upgrade recorded reveals the bulls have been able to keep the price away from its previous resistance level ($11,500) as crypto traders and investors now shift their focus on the $12,000 price level.Yesterday we wrote about how the dollar weakens each day more and more, that even conservative investors like Warren Buffett are getting away from it. We also mentioned that Max Keiser in his latest tweet says that, therefore, Bitcoin is going to rise even more. Well, he...
Read More »Coinbase, Binance Experience Technical Issues as Crypto Market Sees Sell-offs
The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark.The duo of major cryptocurrency exchanges Coinbase and Binance suffered temporary technical issues as the crypto market went into a frenzy ushering in bouts of sell-offs that placed the exchanges under pressure.The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark. The first-ever digital currency has thus been spiraling down and...
Read More »$500 Is Getting Away As ETH Plunged 15% In Hours (Ethereum Price Analysis)
Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline.ETH has since recovered a bit and it currently trades at around $445.Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop.ETH/USD – Ethereum Rolls Over From $475 ResistanceKey Support Levels: $438, $427, $400.Key Resistance Levels: $475, $490, $500.Ethereum bounced from the support at $382 (downside 1.272 Fib Extension) toward the...
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