Tag Archives: btcusdt

Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH).  The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s Latest Crypto Move Users of the social media platform can now track the USD valuation of the two largest cryptocurrencies by market cap –...

DataDash founder a veteran crypto analyst Nicholas Merten predicts more pain ahead for Bitcoin’s price based on a combination of technical indicators and macroeconomic pressures.  The analyst referenced price charts for three different assets to back up his claim: BTC, ETH, and AAPL.  Where Bitcoin’s Price Will Crumble In a video published on Wednesday, Merten began by pointing out how Bitcoin remains suspended well below its 200-week moving averages (WMA) and 200-day moving...

Bitcoin is grappling with a crucial resistance level at roughly $17K, which also aligns with the 100-day moving average. A breakout from here will potentially initiate an uptrend in the short term. Technical Analysis By Shayan The Daily Chart The price has been trapped inside a descending wedge pattern for several months and is consolidating with significantly lower volatility. Meanwhile, the 100-day moving average has served as a powerful barrier at around $17K. The current...

Bitcoin’s price continues to consolidate in a tight range, as it failed to break a significant resistance level to the upside a few days ago. However, from a technical analysis standpoint, the time for a decisive breakout is near. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is still consolidating in a large falling wedge pattern. These are commonly known as potential bullish reversal patterns in a bear market, provided they get broken to the...

The number of bitcoin automated teller machines (ATMs) has surged in accordance with the development of the cryptocurrency industry. The first such machine saw the light of day in October 2013. Needless to say, the industry has expanded by leaps and bounds since then, propelling massive interest and, in turn, more ATMs.  Currently, there are 39,678 such devices spread across 84 countries, with over 85% located in the United States of America. An Overlook of the Map...

Scott Minerd – CIO and Chairman of Guggenheim Partners – believes the demise of crypto exchange FTX will cause more problems for companies and investors. He reiterated his stance that market crashes could be beneficial for the industry because they could eliminate meaningless projects. Buckle up for More Trouble According to Minerd, the domino effect that the FTX bankruptcy triggered might continue in the near future affecting other entities: “There’s another shoe to drop – I...

The overall Bitcoin price action is on an impulsive decline after experiencing a significant rejection from a long-lasting resistance level at $18k. Failing the support level at $15k, the bulls could be in for a lot of trouble soon. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price oscillates in the large falling wedge pattern. While this is usually a reversal pattern in a downtrend if broken to the upside, the price has failed to reach the...

Over the past day, the total cryptocurrency market capitalization managed to recover a few billion, but the overall market saw no considerable volatility, and volume is drying up. Some altcoins managed to pull ahead, but the broader sentiment remains fearful. Bitcoin Struggles Below $17K Bitcoin’s price was unable to hold above the $17K level yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has failed to recover and is currently trading at around...

CNBC’s “Your Money Survey” estimated that 60% of the American participants consider the risk of investing in cryptocurrencies to be high. Just 5% of the respondents believe it is entirely safe to allocate some wealth to the asset class. Crypto Looks Riskier to Americans The decline of the cryptocurrency market, as well as the various adverse events in the sector, have had an impact on the sentiment among many Americans. CNBC’s latest research found out that 60% of the US...

The past 24 hours have been tough in the cryptocurrency markets, with the total capitalization dropping by some $40 billion. This comes on the back of major coins charting serious declines and BTC plummeting below $17K. Bitcoin Goes Below $17K Bitcoin’s price took a serious beating over the past couple of days, losing about 9% of its value since hitting $18,300 earlier in the week. For the past 24 hours alone, the cryptocurrency is down by almost 3%, training at around...