The cryptocurrency market continues to trade in a range, and major coins have failed to chart any notable differences in the past 24 hours. PEPE – the leading meme coin, has been taking a beating lately.
On the other hand, prolonged periods of inactivity are rather bizarre in the crypto industry, and it might as well be the case that Bitcoin has something cooking.
Bitcoin Price Preparing a Huge Move?
Many analysts have expr...
Bitcoin’s price has been relatively inactive for the past few weeks, struggling to surpass the $30K resistance level. The current phase appears to be corrective, marked by minor rejections, with significant support found at the 100-day MA.
Technical Analysis
By Shayan
The Daily Chart
The daily chart shows a corrective movement since the rejection at $30K, with a gradual retracement towards the 100-day moving average at $28....
Throughout the past 24 hours, the cryptocurrency market has been bleeding out slowly, as the majority of the large-cap coins are reading in the red.
This has led to the total market capitalization tumbling toward the $1.2 billion mark, and it’s mostly on the back of losses coming from altcoins. Let’s take a look.
Bitcoin’s Price Fights to Stay Above $29K
The ongoing lack of volatility has been somewhat concerning as the tot...
Share:
Bitcoin price could crash anywhere from 15% to 26%, as seen on a three-month chart.
Two out of three inefficiencies have been balanced almost completely, further adding credence to the bearish outlook.
If this seller-favored scenario plays out, BTC could retest $24,777 and $21,473 levels.
From a long-term holder pers...
It’s the weekend, and, let’s be honest – nobody is expecting a lot of action. And while there are some weekends that defy this sentiment… this one is not among them.
In fact, the vast majority of the major cryptocurrencies have failed to move, charting incredibly insignificant differences in their price compared to 24 hours ago. Let’s take a look.
Bitcoin Getting Squeezed at $29K
Bitcoin’s price has been tremendously calm t...
Share:
Director of government relations for the US Blockchain Association believes that the market structure bill is probably a two-year thing.
Analysts at CoinDesk believe that the bill could face a potentially hostile Senate and White House.
The market structure bill is therefore unlikely to be received as is from Senate ...
Another day – another failure for Bitcoin to break away from its current range around $29,000. The primary cryptocurrency’s volatility has fallen to historic lows and the rest of the market doesn’t seem too exciting either.
But there’s one barking exception.
Bitcoin Stagnates at $29K
They say there’s never a dull moment in crypto, but if you’re mostly following the performance of large-cap coins throughout the past week, yo...
To say that the price action within the cryptocurrency market this week was underwhelming would be the understatement of the year. Most of the top altcoins are charting losses as Bitcoin’s price remains completely flat for the past seven days.
In fact, Bitcoin’s volatility has been so insignificant that on a 10-day average, it’s about to become less than that of stocks and even gold. That’s right – the “highly volatile” Bit...
The cryptocurrency market has seen its volatility dissipate throughout the past week, and yesterday was absolutely no exception.
Bitcoin’s price continues to struggle around $29K, while the rest of the market also failed to perform. Shiba Inu (SHIB) did spike a bit, but it was associated with specific news coming from Binance. Let’s take a look.
Bitcoin Squeezing at $29K
Bitcoin’s price has been completely unable to achieve...
Share:
Nonfarm Payrolls in the US rose by 187,000 in July, against the expectation of 200,000.
The reading came in below the market consensus, supporting the likelihood of a recovery in risk assets like Bitcoin and Ethereum.
An increase in selling pressure on the US Dollar could catalyze a rally in Bitcoin, pushing the asse...
