Bitcoin slumped hard yesterday to a new multi-month low, but the favorable news coming from the world’s largest asset manager pushed it north by over a grand.
Most altcoins have also turned green today, with ADA, LTC, DOGE, and SHIB recovering somewhere between 2-4%.
BTC Eyes $26K
The primary cryptocurrency’s price dropped hard last Friday from almost $27,000 to under $26,000. The weekend was slightly more positive and less...
Ripple (XRP) is falling below the moving average lines from June 14.
Long-term forecast for Ripple price: bearish
The price of XRP rallied on June 13 when it surpassed the moving average. The rally was stopped at the high of $0.56, so it wa...
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Tezos price action differed from most of the altcoins as the token did not witness a drawdown in the last few days.
MACD and RSI indicate the potential of a recovery that would push XTZ back up to $0.883.
Falling through the support of $0.711 would invalidate the bullish thesis, bringing the altcoin close to a four-yea...
Shortly after the US Fed’s announcement about pausing the interest rate hikes, bitcoin took a sharp turn south and dropped to a multi-month low.
Most altcoins are in even worse shape, with ETH, XRP, ADA, DOT, LTC, AVAX, and many others dumping by 5-7%.
BTC Slumps Below $25K
Last week didn’t go all that well for BTC, despite its recovery on Tuesday following the lawsuits from the SEC against Binance and Coinbase. As the week...
The Bitcoin price remains in a consolidation phase below the $30K resistance level following its unsuccessful attempt to break above it a few weeks ago. Nonetheless, several nearby support levels have the potential to act as catalysts for a possible bounce.
Bitcoin Price Technical Analysis
By: Edris
The Daily Chart:
On the 4-hour chart, the price is still trapped inside the large descending channel and is on a slow downtren...
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Bitcoin, Ethereum prices plunged after the US Fed signaled additional interest-rate increases before the end of 2023.
Uniswap, Algorand and Terra LUNA Classic price saw gains amid a broad market decline.
UNI’s release of v4 code, Algorand’s recent partnerships and Terra Classic’s release of v2.1.1 parity upgrade hav...
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Coinbase CLO says it is impossible to demand that decentralized exchanges register with the SEC.
According to Paul Grewal, the move could change the definition of an exchange and how digital assets are regulated.
The comment comes after the regulator extended the comment period for a proposed rule change in the Securit...
Bitcoin’s price went on a small rollercoaster yesterday following the US CPI announcement but ultimately calmed at around $26,000.
The altcoins were more volatile, with BNB jumping by 5% following the rejection of the SEC’s emergency request to freeze Binance.US’ assets.
BTC Goes Up and Down
Following the enhanced volatility at the start and the end of last week, bitcoin had predominantly calmed at around $26,000 and was ex...
Cryptocurrencies have traded and fallen into oversold territory in the market.
CHZ, FLOW, and SAND have all dropped drastically and have now hit the bottom of the chart. Essentially, cryptocurrencies have continued to lose value this week in...
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Bitcoin network’s social volume has declined, making way for Ethereum, XRP and Binance Coin.
Altcoins continued their recovery by varying degrees with rising confidence from crypto market participants.
BNB price rallied 10% in response to the Binance hearing, which will be updated on Thursday.
Social media attenti...
