Price Analysis

The Financial Conduct Authority (FCA) has warned its consumers about investing in high yield investment (HYIP) crypto–assets. This comes after a major dump in the market that saw $200 billion wiped off the total crypto market cap. Cryptocurrencies Pose High Investment Risks The FCA revealed this warning in a statement released today highlighting different aspects of crypto investing. The regulator revealed that price volatility, product complexity, and high fees associated with cryptos make it a complex investment asset. It continued…

The crypto market has witnessed a massive bullish movement in the past 24 hours. At the time of writing, the total market cap has exceeded the $1 trillion mark for the first time. Bitcoin Hits New All-Time High Bitcoin (BTC) bullish run has continued in recent days as the leading coin continues its march towards uncharted territory. After experiencing a major dip a week ago, which saw the coin move below $30k, Bitcoin has recovered remarkably. The leading coin began…

Bitcoin (BTC) continues to set records since breaking past the $20k resistance barrier earlier in December. The leading coin has since created more milestones and looks to be on its way to $30k before the end of the year. Bitcoin Surges Past $28k Entering the weekend, trading within the $25k mark, Bitcoin continued its bullish movement, with the bulls taking the coin above $26k yesterday.  After a brief retracement, the leading coin continued its march, breezing past 26,500 before dawn.…

Some perpetrators targeted a multinational financial institution based in Spain, Banco Santander. It is an online heist that involved the sum of $900,000. However, it was forestalled following the seizure of the money by local over-the-counter (OTC) cryptocurrency exchanges. After the heist, they quickly tried the conversion of the stolen funds into Bitcoin. The local press, known as the Bitcoin Portal, said due to the huge sum of money involved, this prompted several of the bank accounts of the exchanges…

XRP/USD Pair Price Analysis The XRP/USD traded to a fresh weekly low at $0.1740 before it began a new rally in line with Bitcoin and Ethereum. The pair witnessed an upsurge above barriers at $0.1800 and $0.1850 to enter into a positive area. The pair established itself over the 100 hourly SMA. It attained a fresh weekly high close to $0.1935 and it is now retracing lower. The pair moved beneath $0.1900 and it is currently close to a key support…

On March 9, 2020, a report by CNBC showed that the cryptocurrency industry lost more than $26 Billion in a day, after the recent oil prices collapse, which dropped by almost 30%. Cryptocurrency holders rushed to sell off their stocks after North Sea’s extracted oil benchmark Brent Crude’s futures fell by 34% to sell at $27.34 a barrel, recording its lowest price in four years. Bitcoin, the leading cryptocurrency by market capitalization, crashed by 8%, together with significant altcoins, including…

An analyst contends that Bitcoin price will fall despite the massive rallying it has had this year. Dyme, an options trader, avers that the crypto is heading towards a “perfect bearish setup.” He pointed to three converging negative indicators: the Rising Wedge, Bearish Divergence, and Overleveraged Longs as suggestions of a steep price correction in future trading sessions. Historically, the stated indicators lead to price reductions of assets that are otherwise thriving. The Rising Wedge, for instance, appears when there's…

BTC/USD recently upsurge over the significant barrier at $8.8k and eventually rose over $9k, and currently, buyers are focusing on testing $9.5k. Yesterday, the price inclined over the critical barrier at $8.8k, and the hourly SMA to land in a more favorable area. The price rose by almost 5% in the previous three sessions and then proceeded higher over the $9k. This week, BTC/USD formed a fresh high to around $9145; however, the price is beginning to drop. The initial…

At the start of 2020, the BTC/USD price turned to the downside from its high at $9191. However, the bitcoin price remains tuned to the upside and may secure the bulls close to $8k or $7670. The price formed a short term top close to the $9191 level before it commenced a downside retracement. It plunged below $9k and $8.8k to get to a declining area. Moreover, the price closed on the day under the support at $8.5k. There are…