Tag Archives: BNBBTC

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

Key Support level: $516 Key Resistance level: $600, $692 (ATH) The price rallied off the $516 support level with sufficient momentum to go all the way up to the $600 resistance level. Once there, the bears rejected the price and look likely to continue to put up a good fight at this key psychological level. For this reason, BNB still lingers just under $600 at the time of this post while the bulls are considering another attempt to break above. Chart by TradingViewTechnical...

Bitcoin continues its recovery attempts by touching $59,000, while most of the altcoins have remained stagnant since yesterday. Avalanche is once again the most significant gainer. AVAX charted a new all-time high (again) and is close to surpassing Dogecoin in terms of market cap. AVAX on a Roll Most altcoins plummeted in value in the past week or so and tried to bounce off yesterday. Ethereum, for example, went below $4,000 for the first time in over a month shortly after...

Following a few days of price nosedives, bitcoin finally bounced off and added more than $2,000 of value. Most altcoins are also well in the green, with Shiba Inu adding double-digit percentages and Avalanche registering a new ATH. Bitcoin Reclaims $58K The past several days didn’t go well for the primary cryptocurrency. Shortly after tapping $69,000 for its latest price peak, the asset headed straight down and lost $9,000 in days. This culminated in a drop to $60,000 on...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Key Support level: $516 Key Resistance level: $600  After breaking from the blue pennant, BNB rallied almost 50%, but the momentum simply was not enough to take it above the all-time high. Bears stepped in before that and pushed the price below the support at $600 that is now acting as resistance. Should the price continue to fall, BNB might find good support at $516. Chart by TradingViewTechnical Indicators Trading Volume: The volume was strong when the support at $600 was...

Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio. CZ Bought Bitcoin in 2014 Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of his Binance Coin (BNB) holdings, he still has some BTC that he purchased a few years after Bitcoin’s launch. The Binance boss admitted that he had...

Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH. Bitcoin’s Consolidation Rolls On Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday...

The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the red, with Litecoin losing the most value in a day. Bitcoin Saw a Weekly Low Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000. As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards,...