Markets

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Bitcoin just had its biggest plunge since May 2020. During the weekend, Bitcoin continued to trade downward and even declined to as low as $41,900. More than $1 billion was wiped off in the market. Altcoins also traded lower in tandem and ETH shed almost 20% of its value. Analysts believed some of the reasons behind the decline were the new COVID variant, Fed’s concern with the high inflation rate which might drive it to curb stimulus, and the crisis of China real-estate...

Ethereum price started a fresh increase from the $3,650 support against the US Dollar. ETH price is now trading above $4,200 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $4,400 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh rally if it clears the $4,400 resistance zone. Ethereum price is showing positive signs above $4,000 against the US Dollar. ETH/USD could start a major...

ADA price started a recovery wave above the $1.30 and $1.40 resistance levels against the US Dollar. The price is still trading below $1.50 and the 55 simple moving average (4-hours). There was a break above a major declining channel with resistance near $1.35 on the 4-hours chart (data feed via Bitfinex). The price might extend gains if it manages to clear the $1.50 resistance zone. Cardano price is struggling below the $1.50 resistance against the US Dollar, unlike...

BitTorrent Token (BTT) – a TRC-10 utility token – will see its main net launched on December 12th, according to recent word from the organization. Meanwhile, old BTT tokens on TRON will be redenominated into smaller units, while retaining the same market cap. Mainnet Launch + Redenomination BitTorrent announced the upcoming BitTorrent Chain (BTTC) launch through a tweet earlier today. “#BTTC Mainnet and #BTT Redenomination Plan will be launched on Dec 12, 2021!” said the...

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89 Ever since XRP was rejected by the $1 resistance, the price went through a continuous decline which was exacerbated by the market crash on Saturday. The support at $0.89 was turned into resistance during the crash, and the next key support level is found at $0.75. Despite this painful downtrend, XRP’s price action seems to indicate that the bulk of this correction may approach the end. Particularly because the...

Options Market Analysis 25 Delta Skew and Volatility Analysis On December 4th, the bitcoin price dropped about $16k. Options traders have set different hedging strategies like buying lots of puts at $50k & $52k strike prices during the last weeks for the possible downside. To find out what happened in the options market, It’s better to look at 25 delta Skew. This is a way of measuring the volatility skew. For example, for one month, it can be computed using the following...

Stellar lumen price started a fresh decline from the $0.3600 resistance against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.2900 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.3000. Stellar lumen price is trading in a bearish zone below $0.3000 against the US Dollar, similar to...

Warum wurde Binance zur beliebtesten Bitcoin-Börse? Das kann man sich wirklich einmal fragen. Zum einen sei hier die Tatsache genannt, dass der Binance CEO Changpeng Zhao, meist schlicht CZ genannt, ein grosser Meister in Sachen Marketing ist. Zum anderen ist der Bitcoin-Handel auf Binance so günstig wie fast nirgendswo. Binance hat aber ein paar ziemlich spezielle Eigenschaften. Dazu mehr in diesem Blogpost. Wer sich für Bitcoin-Börsen interessiert: Es gibt nur wenige Blogs, welche seit...

Ripple price started a fresh decline from the $1.05 resistance against the US dollar. The price is now trading below $0.90 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.8800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is no recovery wave above $0.90. Ripple price is showing bearish signs below $0.90 against the US Dollar, unlike bitcoin....