Bitcoin’s underwhelming price performance continues as the asset slumped below $58,000 once again and has barely recovered to just over $59,000.
Most larger-cap alts are in a similar state, with ADA, NEAR, and TRX declining by more than 2% daily.
BTC Struggles to Maintain $59K
It wasn’t a good week for the primary cryptocurrency despite some promising signs at first. Recall that the asset skyrocketed last Friday from $60,00...
A lot can change in the cryptocurrency markets within the span of the week. This is what happened to bitcoin and most altcoins since last Friday when BTC soared from around $60,000 to over $64,000 on Saturday after the bullish developments on US soil. Namely, Fed Chair Jerome Powell hinted at incoming interest rate cuts, and RFK endorsed pro-crypto presidential candidate Donald Trump and withdrew his campaign.
The weekend f...
Bitcoin’s price headed toward a new local peak of just over $61,000 but was halted in its tracks and pushed south by over two grand.
Most larger-cap alts are also in the red today, with SOL and TON dropping by more than 3%.
BTC Back Below $60K
Last Friday, US Fed Chair Jerome Powell said it was time for the central bank to follow the example set by its European, Canadian, and UK counterparts and to start lowering interest r...
The price of Avalanche (AVAX) is falling below the moving average lines after hitting a low of $17.35 before recovering.
Long-term analysis of the Avalanche price: bearish
The upside momentum was halted by the $28 resistance level. The crypt...
After yesterday’s price crash that drove BTC south to a 9-day low, the asset has recovered some ground but still stands below the coveted $60,000 mark.
Most larger-cap alts have posted some gains, including ETH, ADA, and TON, while STX and TAO have continued their retracement.
BTC Stopped at $60K
Last Friday was a particularly positive day for the primary cryptocurrency as it soared from around $60,000 to just over $64,000 ...
The price of XRP (XRP) continues to trend sideways although it has dipped below the moving average lines.
XRP long-term analysis: ranging
Since July 17, buyers have been trying to break through the $0.64 mark, but have not succeeded. Tod...
Bitcoin took yet another turn for the worse in the past day or so as it dumped to its lowest price position in over a week of $58,100 earlier today.
The altcoins are in no better shape, with ETH dumping by 8%, SOL by 7%, and DOGE by 6%.
Bitcoin’s Nosedive
The primary cryptocurrency had a highly positive end to the previous business week, which was overall sluggish up until Friday. That’s when the positive developments on US...
Cardano's (ADA) price decline reached a bearish exhaustion on August 5 with a low of $0.27. Price analysis by Coinidol.com.
ADA price long-term forecast: bearish
The price indicator previously predicted that ADA would fall but then reverse ...
Bitcoin briefly exceeded $65,000 yesterday, but the subsequent rejection pushed it south hard by over two grand, and the asset is well below $63,000 now.
This correction has impacted several altcoins even worse, with UNI, LINK, TON, and others losing more than 4% daily.
BTC Under $63K
The previous business week went mostly sideways for BTC as it remained below $60,000 for most of it. However, that all changed on Friday afte...
The price of the Polygon Ecosystem Token (POL) has started to move within a range after the end of the downturn on August 5.
Polygon Ecosystem Token price long-term forecast: bearish
On August 21, the altcoin corrected upwards to $0.60. Buyer...
