Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Bitcoin loses $7,5K Support as 17 Major Altcoins follow its Downtrend
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $203 billion. Bitcoin recovers from the $7,200 slump, but it struggles to get over the $7,500 barrier. Ethereum loses ground in its battle with the $150 hurdle. Ripple follows the market’s downtrend with a loss. Litecoin loses the $50 support and retreats towards the critical $38 level. Crypto Trends 2nd- 8th Dec 2019: PERFORMANCE…
5 years ago
WMA: Bitcoin Struggles, Altcoins Stagnate and UpBit gets Hacked
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $204 billion. ● Bitcoin prices cannot get over the $8,000 threshold. ● Ethereum value stays put at around $150 ● Ripple does not let intense market volatility sink its value under the $0.225 mark. ● UpBit gets hacked for over $50 million worth of Ethereum. Crypto Trends 25th Nov – 1st Dec 2019:…
5 years ago
The Why Behind Bitcoin’s Recent Price Correction
Bitcoin’s recent selloff has been dragging on for five months, reaching just over a 50% correction. A simple explanation lies in supply and demand mechanics: since there was more Bitcoin supply to the marketplace than demand for it, the price fell. But this would only paint half the picture. In addition to a technical explanation, it is important to identify fundamental drivers of price and how they affect the market’s macro narrative. One surface reason is China’s publicity war on…
5 years ago
WMA: Apocalypse is upon us – BTC hits a new low and ETH follows suit
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $195 billion. ● Bitcoin price drops to a disappointing price of $7,115 ● Ethereum value goes downhill and below the $150 threshold. ● XRP transactions reach a whopping 4 million, but the price hovers over the $0.22 mark Crypto Trends 18th – 24th Nov 2019: PERFORMANCE & ANALYSIS The past week has seen…
6 years ago
Chainlink (LINK) and Binance Coin (BNB) at Key Pivot Points
LINK has recently broken through its trendline support, indicating that the market is not ready to move higher. This key support broken at 0.00033267 indicates a growing bearish sentiment, at least in the short term. On the one hand, this can be seen as the start of a trend reversal wherein the smart money is starting to take profits after a 135% increase in 2 months. This view will be consolidated if LINK/BTC fulfills the double top pattern, breaking down…
6 years ago
Bitcoin Goes Downhill While hackers rob VinDAX Exchange
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $233 billion. Bitcoin price drops under the $9,000 mark. Ethereum continues hovers over the $180 threshold after dropping value points again. Ripple loses the Swell effect and embarks on a disappointing downtrend that sees it end the week at $0.26 days. Hackers steal more than $500,000 worth of cryptocurrency from Vietnamese exchange VinDAX. Crypto Trends…
6 years ago
Bitcoin still Consolidating, but Monero and Nano Looking for Growth
Key Takeaways BTC still ranging, testing support indicative of buyer exhaustion. Monero seeks to develop a bullish market structure. Nano has broken out of the 3-month range. BTC/USD Daily 1 BTC/USD Hourly 4 Bitcoin has been ranging for 2 weeks between the $9k and $9.4k mark. It has struggled to remain above or below this range multiple times, and now bears are taking another shot at breaking the lower support line at $9k. If this support level breaks, Bitcoin will…
6 years ago
WMA: Bulls get behind Bitcoin and Ethereum while XRP waits on the annual Swell Boost
The first full week of November sees the 3 main cryptocurrencies bracing for a period of intense volatility. Bitcoin, Ethereum, and XRP are all coming after weeks of fluctuation and investors’ despair. Now, the market sentiment points to a fight to the death between bears and bulls, with the latter slightly likelier to come out on top. The week starts with a total crypto market capitalization of $247 billion that sees it lose $10 billion from the $257 billion-mark that…
6 years ago
Bitcoin on the rise and China gets behind blockchain technology
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $247 billion. ● Bitcoin price recovers from last week’s slump and nears the $10,000 mark. ● Ethereum continues its upward journey beyond the $180 threshold. ● Ripple rests on the sidelines patiently waiting for next week’s Swell Conference. ● Libra’s chances of success get another blow. This time from a social media giant…
6 years ago