The price of bitcoin went on another run in the past 24 hours and briefly exceeded $57,000 for the first time in five months. Most alternative coins seem left behind as BTC’s dominance continues to increase. Bitcoin Touched $57K It’s safe to say that BTC has returned to its bullish trajectory after it recovered from its sub-$41,000 dips two weeks ago. In the days that followed, the cryptocurrency added a significant chunk of value, broke above $50,000 for the first time in a...
Read More »Bitcoin Dominance on the Rise as BTC Eyes $56K (Market Watch)
Following yesterday’s price slide below $54,000, bitcoin has started increasing in value once more and has neared $56,000. Although some altcoins like XRP and DOT have charted notable gains in the past 24 hours, BTC’s dominance has also risen. Bitcoin Aims at $56K The primary cryptocurrency exploded above $50,000 on October 5th and hasn’t looked back since. Just the opposite, it has been mainly on the offensive, which resulted in tapping $56,000 a few days ago for the first...
Read More »Bitcoin Consolidates as Shiba Inu (SHIB) Explodes 35% Daily Again (Weekend Watch)
After touching $56,000 for the first time in five months, bitcoin retraced slightly and currently stands around $55,000. Most altcoins continue with indecisive moves in either direction, except for Shiba Inu, which has gone on the offensive once more with a 35% daily surge. Bitcoin Stalls at $55K The past week or so showed once more how quickly the landscape could change in the cryptocurrency markets. Bitcoin entered October at around $45,000 after recovering $4,000 in days...
Read More »Crypto Price Analysis Oct-8: Bitcoin, Ethereum, Ripple, Cardano, and Polkadot
Bitcoin Bitcoin is up by an incredible 25.7% this week as the cryptocurrency surges beyond $55,000. The increase started at the beginning of October when it managed to break above a descending price channel and go above the 50-day MA. Since then, BTC surged higher during the week until it broke the September highs at $53,000 and met resistance at $55,400 on Wednesday. It did attempt to break above $55,400 today, reaching as high as $56,000 (1.414 Fib Extension) but is showing...
Read More »Litecoin (LTC) Price Analysis: Bulls Aim Retest of $200
Litecoin price found support near $140 and corrected higher against the US Dollar. LTC price is now trading above $162 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $148 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise towards $200 as long as it is above the $162 level. Litecoin price is recovering higher above $160 against the US Dollar, similar to...
Read More »Ripple Price Analysis: XRP Breaks Last Week’s Range and Holds Above $1
XRP/USD – XRP Pushes Back Above $1. Key Support Levels: $1.00, $0.9, $0.875.Key Resistance Levels: $1.10, $1.25, $1.30. Last week, XRP was trading inside a range between $1.00 and support at $0.875 (.618 Fib). It rebounded from the support on Wednesday, which allowed it to surge back above $1.00 on Friday. Unfortunately, the cryptocurrency could not pass resistance at $1.10 (50-day MA) over the weekend and has since dropped to $1.05, where it currently trades. A break above...
Read More »Ripple Price Analysis: Dips Turn Attractive Near $0.98
Ripple price started a steady increase above the $0.9500 resistance against the US dollar. The price is now trading above $1.00 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $0.9350 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could correct lower, but dips might remain attractive near $1.00 and $0.9800. Ripple price is showing positive signs above $0.9800 against the...
Read More »Bitcoin Consolidates Amid $48K: Terra (LUNA) Soars 20% to New ATH (Weekend Watch)
Following the past few days of marking gains, bitcoin has calmed a bit around the $48,000 mark. Some alternative coins have kept climbing, though, with Solana surging 8% and Terra jumping to a new all-time high after a 20% daily increase. LUNA Marks New ATH: Sol 8% Up The alternative coins have been on a roll in the past few days after the mid-week price drops. Ethereum had dipped to $2,900 following the latest Chinese Fud. However, ETH has reclaimed more than $500 since then...
Read More »Bitcoin Reached $48K: AXS Skyrockets 50% to New ATH (Market Watch)
Following yet another price surge in the past 24 hours, bitcoin neared and even briefly exceeded $48,000. The alternative coins are also well in the green, with ETH closing down to $3,300. However, AXS is the most significant gainer once more, with a 50% surge to a new ATH. Bitcoin Tapped $48K A lot can change in the cryptocurrency space in just a few days. Back on September 29th, bitcoin struggled with its third consecutive drop below $41,000. However, the bulls intercepted...
Read More »Another Mainstream Media Fail: Fake Ripple Press Release Claims SEC Case is Over
Accesswire published a press release today claiming that Ripple had finished its battle with the SEC. Stuart Alderoty– General Counsel for Ripple– promptly responded by calling the story false. Accesswire has since removed the story from their site. What Did The Press Release Say? Though the original link has been taken down, Accesswire’s article was archived in advance. The story was titled “SEC vs. Ripple Legal Fight is Over” and claimed Ripple had announced that the SEC...
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