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…
Technical Trading
Bitcoin Price Poised To Recover: Should Traders Buy The Dip?
Bitcoin, the world's flagship cryptocurrency, has fallen by about $2,000 from its 2020 highs above $12K. The coin is currently struggling to hold support above the crucial psychological level at $10k. The slip in BTC prices isn't that surprising, given that September has historically been red for crypto markets as a whole. BTC's slip since Sep. 2 is mainly attributable to a massive selloff in the market. As per data from blockchain analytics firm CryptoQuant, miners are dumping their coins…
5 years ago
Fundamental Trading and Technical Trading: Which one is Better?
Regarding trading, fundamental and technical trading is the primary schools of thought before approaching any market. Although both methods are at opposite ends of the spectrum, they are still used to forecast and research future cryptocurrency prices. They also have their advocates and adversaries, just like any investment strategy. Let's have a more in-depth look at the two. Fundamental Trading Fundamental trading is a method that involves evaluating the economic well-being of a country and, by extension, the currency. It…
5 years ago