After several weeks of lack of any major developments in the crypto industry, the past few days saw an increased number, mostly surrounding the potential launch of a spot Bitcoin ETF in the States. Naturally, this impacted the asset’s price quite a lot.
It all started on Tuesday when Grayscale – the largest crypto asset manager – won a court battle against the SEC. A US judge sided with the crypto company and ordered the Se...
Bitcoin’s rally above $28,000 following Grayscale’s win over the SEC was short-lived as the asset has lost all gains by dumping below $26,000.
Most altcoins are also deep in the red, with DOT, MATIC, LTC, and BCH plummeting by more than 5% overnight.
BTC Dumps Hard
After days of trading sideways at around $26,000, bitcoin finally made a move on Tuesday following a positive development in Grayscale’s legal battle with the US...
Cryptocurrency price analysis brought by Coinidol.com. Bitcoin (BTC) price retreated on August 31 and found support again above the $26,000 level. However, the price fell to $25,800 on September 1.
Bitcoin price long-term forecast: bearish
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After charting a two-week high above $28,000 on the wings of Grayscale’s court win over the SEC, bitcoin has started to lose traction once more, dropping by a grand.
Most alts have also retraced today, with SOL leading the pack from the larger-cap ones.
BTC Down to $27K
Bitcoin’s price performance until earlier this week was untypically calm. The asset had tried to reclaim $27,000 last Thursday but failed, and the subsequen...
Bitcoin’s price surged yesterday, bouncing from a critical support level. The surge came following the Grayscale news. However, a bearish continuation is still possible if the price remains below the 200-day moving average.
Technical Analysis
By Edris
The Daily Chart
On the daily chart, the price has finally demonstrated some bullish price action after finding support at the $25K level. The 200-day moving average, located a...
Cryptocurrency analysts of Coinidol.com report, Polygon (MATIC) price has been rising but is encountering resistance at the $0.65 high or the 21-day line SMA.
Long-term forecast of the Polygon price: bearish
The upward momentum was rejected...
Following days and days of sluggish price performance, bitcoin finally went on the offensive yesterday, gaining more than $2,000 in hours following another crypto win over the SEC in US courts.
The altcoins have also turned green today, with TONCOIN and BCH stealing the show by posting 15% increases.
BTC Soared Past $28K
It’s safe to say that the landscape around the primary cryptocurrency was quite boring for days. After l...
Cryptocurrency price analysis brought by Coinidol.com. Litecoin (LTC) price has rallied to a high of $70, although the positive momentum is short-lived. The cryptocurrency value has returned to the range where it was before.
Long-term forecast of...
Bitcoin continues to move by only a few hundred dollars in either direction and has remained stuck at around $26,000 for yet another day.
Most altcoins have charted minor daily gains today. The larger-cap ones are led by AVAX, DOT, and TONCOIN.
XDC Reigns Tall
Although the altcoins are known for their enhanced volatility, this has rarely been the case in the past month or so. In fact, most have failed to produce any major m...
Five cryptocurrencies showing the biggest price fall of the week are Pepe, THORChain, Hedera, KuCoin Token, Rocket Pool. Cryptocurrency analysis by Coinidol.com.
The coins listed below have significantly underperformed this week. Bitcoin and ...
