The weekends continue to bring adverse price developments for bitcoin as the asset fell to a six-day low of $35,000. The situation with the alternative coins is similar, with ETH dumping to $2,200 and BNB below $340. The total market cap is down by $100 billion in a day. Bitcoin Slips to 6-Day Low The workweek was going well at one point for bitcoin, which spiked to and above $40,000. The bulls drove the asset to a new 3-week high at almost $41,400, but they failed to keep...
Read More »Bitcoin Whales Started Selling as BTC Dipped to $37,000 (Market Watch)
Bitcoin continues to gradually lose value with another price slump to around $37,000. Most alternative coins are also suffering, with ETH dipping beneath $2,400 and BNB close to dropping below $350. Bitcoin’s Struggles Continue Just a few days ago, the situation with the primary cryptocurrency seemed significantly more promising. The asset was riding high above $40,000 for the first time in nearly a month and even spiked to north of $41,000. However, it failed to maintain...
Read More »Bitcoin Spiked to a 26-Day High Above $41,000 (Market Watch)
After reclaiming $40,000 for the first time in nearly three weeks, bitcoin kept climbing and even exceeded $41,000 briefly. Most alternative coins have stalled or retraced in the past 24 hours, which has helped BTC increase its dominance over the market. Bitcoin Sees a 26-Day High The past several days were quite bullish for the primary cryptocurrency. It started last week with positive news coming from El Salvador, after which BTC surged from $31,000 to about $35,000, where...
Read More »Polkadot (DOT) Skyrockets 15% Following Coinbase Pro Listing
Coinbase Pro has announced that it will finally allow trading of Polkadot’s DOT token beginning on June 16. According to an announcement from today, Coinbase Pro has listed Polkadot’s DOT token, and users are now able to transfer DOT into their accounts. However, it’s also worth noting that DOT will only begin trading on June 16, Wednesday, if the liquidity conditions are met, which they likely will be. DOT will be available in the jurisdictions which support Coinbase, except...
Read More »Crypto Market Cap Struggles to Maintain $1.5 Trillion, Bitcoin Amid $35K (Weekend Watch)
After yesterday’s price declines, bitcoin has calmed around the $35,000 price line. Most alternative coins are also somewhat stagnant on a 24-hour scale, aside from Polygon (MATIC). The asset has spiked by double-digits to $1.4. Minor Recoveries Among Alts: Polygon 15% Up The weekend didn’t start all that well for the altcoins market. The biggest altcoin, Ethereum, had already retraced from $2,600 to $2,500 before it went even further south to $2,250. Since then, ETH found...
Read More »Bitcoin Plunges Below $35K as Crypto Market Cap Loses $100 Billion
After riding high for a few days, the bitcoin bears have regained control and pushed down the asset by a few thousand dollars to around $35,000. Most alternative coins have suffered even more severely, with ETH down to $2,300 and BNB to $330. Bitcoin Falls to $35K Bitcoin performed rather well in the past few days following bullish news from El Salvador, India, and some large corporations wanting to get a piece of the cryptocurrency pie. BTC spiked to a six-day high at...
Read More »Crypto Price Analysis & Overview June 11th: Bitcoin, Ethereum, Ripple, Polkadot, & Matic
It was a rather unfortunate week for the entire cryptocurrency market as most of the coins are trading in the red. Bitcoin is no exclusion, though it’s the one the best performer, relatively speaking, compared to major altcoins. Bitcoin Bitcoin is down by a small 4% over the past week as it currently sits above the 20-day MA at $37,000. The cryptocurrency saw an interesting week after testing $39,200 last week. There, it found resistance at a falling trend line and failed to...
Read More »Bitcoin Stable at $37K: ETH Crashed 15% Against Bitcoin in Less Than 2-Days (Market Watch)
Bitcoin continued with recovering the most recent losses and ever went further to a six-day high at $38,500 before calming down. Most altcoins, though, have failed to produce any gains, and BTC’s market dominance has jumped to 44%. Bitcoin Tapped 6-Day High After bottoming at $31,000 on Tuesday, the primary cryptocurrency started to reclaim its lost ground gradually. It spiked by around $3,000 on Wednesday, added another sizeable chunk on Thursday, and kept climbing higher in...
Read More »Polkadot’s Kusama (KSM) Statemine Parachain Slot Auctions To Begin Next Week
Last week, Polkadot’s canary network, Kusama (KSM), conducted an on-chain upgrade on its parachain after a vote was passed, making it the first live and fully functional parachain of the Kusama network processing permissionless transactions. The upgrade also made the project the first fully decentralized, heterogeneously-sharded blockchain. Kusama is a permissionless network that allows developers to experiment and test dApps and blockchains before deploying them on...
Read More »Bitcoin Price Down to a Two-Week Low as Ethereum Slipped to $2,400 (Market Watch)
After a few days of sideways trading, bitcoin fell hard by losing almost $5,000 of value in less than a day. The rest of the market followed suit as Ethereum slumped by $400 to an eight-day low. Bitcoin Dumped to Lowest Level Since May 24th The past few weeks have been somewhat unusual for the primary cryptocurrency. During the previous weekend, BTC dumped beneath $33,500, but it used the workweek to regain all losses. It failed at breaching $40,000, dropped by a few thousand...
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