Markets

On Thursday, April 23rd, the BTC rate is marking time, waiting for new market catalysts. The cryptocurrency is generally trading at around $7,100.By Dmitriy Gurkovskiy, Chief APhoto: Roboforex / TradingViewnalyst at RoboForex.Bitcoin price has managed to go above $7,000The market is considering the changes after the halvingCheap oil could have the BTC to growOn W1, the picture seems without much change: the quotations are still trading in a narrow range. After a rapid decline, the pair is...

Over the past days, after getting rejected at the $7300 price level, Bitcoin followed the global markets 2-day drop and fell straight to the $6800 support.Looking at the Bitcoin chart, we can see that the latter is also a significant 61.8% Golden Fibonacci level, as mentioned in our most recent BTC price analysis.Bitcoin nicely held that support, along with the 50-days moving average line – marked pink on the following daily chart. Yesterday, following the deep-green on Wall Street, Bitcoin...

EOS price is trading nicely above the $2.365 and $2.330 support levels against the US Dollar.The bulls are likely to gain strength if there is a clear break above $2.800.There is a crucial bullish trend line forming with support near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).Dips remain well supported on the downside as long as the price is above $2.280.EOS price is showing a few positive signs against the US Dollar, similar to bitcoin. However, the bulls need...

Litecoin price is trading higher after it formed a support base near $40.0 against the US Dollar.LTC price is now facing a couple of key hurdles near the $42.50 and $42.60 levels.There is a key bearish trend line forming with resistance near $43.05 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must surpass the $43.00 and $44.50 resistance levels to start a strong uptrend.Litecoin price is facing a couple of key hurdles against the US Dollar, similar to bitcoin....

The price of bitcoin – the world’s number one cryptocurrency by market cap – has fallen to just over $6,800 at the time of writing following news that the oil market in America tanked two days ago.Bitcoin Takes Another TumbleDespite spending the last several days trading above the $7,000 mark – which it had crossed for the second time in a month – the digital asset that everyone has come to know and love is once again being affected by outside market commodities and has taken a turn for the...

Having suffered losses due to the COVID-19 led market onslaught, both Bitcoin and the United States stock market have had a good month. However, one analyst has pointed out how Bitcoin’s recovery has been entirely driven by market forces, while stocks have been rallying on the back of government intervention. Bitcoin Recovered Without External Intervention “Take a step back [to] think about how $BTC has almost completely recovered from the 50% drop in March. No limit down or trading halted,...

The new Crypto School Program is now available to access directly on the NewsCrypto platform and has five different topics available, including the basics, trading strategies, and charts.NewsCrypto, a platform designed to provide traders and investors with market insights and indicators, trading know-how and market tracking tools, has just teamed up with the popular cryptocurrency exchange KuCoin to launch a new blockchain education initiative.Making Education RewardingAccording to the...

The crypto projects that are flourishing cracked the C that’s at the heart of a robust and diverse ecosystem – they’ve built a community.What makes for a great crypto project that can withstand market cycles? A startup that can navigate bear markets and bull, and emerge from the other side intact? Team, tech, timing, and product market fit all count, but they’re not the biggest determinant of whether a project makes it or withers on the vine.Analyze the crypto projects that are coasting...

Only 19 days are left before the long-awaited Bitcoin halving. BTC mining difficulty sets to hit an all-time high, as a result, many miners may stop their business activities for a while.Bitcoin halving is approaching fast, as the block remaining to be mined until the event hits 2,837 at the time of writing. These 19 days left before the day X will be a catalyst that will push the market up in the following months, similarly to the previous BTC halving events.Bitcoin MiningThe mining...

The Brent price has now crashed to its lowest point in over 20 years, as the oil market continues to depreciate. Just recently, the WTI futures have fallen below zero for the first time in its history.The breakdown in the oil market is still ongoing, as the coronavirus pandemic continues to bite hard. In a not-so-surprising turn of events, the Brent price – the international oil benchmark – has crashed and is now trading less than $16 per barrel.The pandemic has basically shut down normal...