Markets

Investment apathy in global cryptocurrency markets and also traditional markets deepened over the weekend as Bitcoin price which has been sliding in recent times slipped below the normal psychological $7,000 which everyone within the crypto space has been looking forward towards as a support for one last rally towards the end of this year. Apart from Bitcoin, all other cryptocurrencies are also down as well indicating a market malaise which hasn’t occurred in quite a bit.Ethereum lost almost...

Stellar lumen price is down more than 20% and it recently traded below $0.0600 against the US Dollar.XLM price is currently sliding and it seems like it could soon test the $0.0500 support area.There is a crucial bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Kraken).The pair is unlikely to correct higher unless the bears fail to push the price below $0.0512.Stellar lumen price is sliding heavily against the US Dollar, similar to bitcoin. XLM price...

Sunday seemed somewhat optimistic as Bitcoin was finally in the green after days of red candles. Even though there was a blunt sense of relief in the community – it didn’t last long. Before the bulls had a chance to return, the bloodbath continued today with even more losses.Today, Bitcoin’s price dropped down to $6,500 before recovering a bit to its current point at around $6,700. The cryptocurrency is down by 7% in the past 24 hours. The situation looks even worse over the past ten days....

Ripple price is down more than 20% in the past few days and settled below $0.2500 against the US dollar.The price is currently trading in a bearish zone and it recently tested the $0.2000 area.There are two major bearish trend lines forming with resistance near $0.2185 and $0.2400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price is likely to decline further and it could even trade below the $0.2000 support.Ripple price is tumbling below key supports against the US...

CryptoFranc (XCHF) a stablecoin issued by Swiss Crypto Tokens AG The relative market volatility of crypto asset markets can sometimes be a reason for stress. Meanwhile, there are assets which do not exhibit such volatility; they are called stablecoins. Because the value of stablecoins is pegged to another currency or asset (such as the US dollar or gold), they are generally...

Tezos saw a sharp increase of 16.66% over the past week and it currently trades at $1.33. More impressively. the cryptocurrency is up by 35% against Bitcoin. Over the past month, XTZ managed to gain more than 70% and it’s the best-performing altcoin amid this rather bearish market. Tezos is now ranked in the 14th position with a market cap of $903 million.Since our last analysis, Tezos fell below the 100-days EMA at $1.10 and continued to decrease to as low as $0.75 in October. However, after...

The Commodity Futures Trading Commission on Friday released its latest Commitment of Traders report for the Chicago Mercantile Exchange.Futures are derivative products typically aimed at institutional investors looking to get exposure in cryptocurrency. Published weekly, the COT highlights which way traders are positioned in the market.Here is the latest report:The latest CME COT report. | Source: BitOodaThe data may provide some insight into bitcoin’s latest tumble below $7,000. According to...

Bitcoin’s price has continuously been a subject of numerous predictions. Some proponents expect new all-time highs within the next few months, while others take the opposite stand, foreseeing the cryptocurrency’s demise. Naturally, a lot of the predictions seem quite far-fetched, but some well-known and reputed analysts think that Bitcoin might go to $5,000 before 2020.Bitcoin’s Price On A Bearish TrajectoryFor starters, a leading cryptocurrency market analyst, Credible Crypto, recently...

Bitcoin’s price has continuously been the subject of numerous predictions. Some proponents expect new all-time highs within the next few months, while others take the opposite stand, foreseeing the cryptocurrency’s demise. Naturally, a lot of the predictions seem quite far-fetched, but some well-known and reputed analysts think that Bitcoin might go to $5,000 before 2020.Bitcoin’s Price On A Bearish TrajectoryFor starters, a leading cryptocurrency market analyst, Credible Crypto, recently...

The recent week was not the best for Bitcoin’s price, which lost almost 20% in just seven days.The bad thing is that it’s still hard to see the end of those severe declines. However, if you look for a positive sign, you can find it in the fact that yesterday’s daily candle finished green, for the first time following five ugly red candles.Looking at the following daily chart, we can see a secure area of support around $6800 – $7000. After dropping to those levels during last Friday, Bitcoin...