Price Analysis

The bears are wrestling back control over the crypto markets. Bitcoin all but ceded its $60 000 support today, while Ether has suffered a more drastic fall below $4000. This marks an unexpected pullback in what is traditionally a bullish time of year. However, HODLers remain optimistic, viewing the correction as a good time to buy. Squeezing Out The Leverage Traders Data from CoinGecko shows the total cryptocurrency market cap dipping below $2.6 trillion earlier today. This marks an over…

The crypto world's decade-long existence has yet to be flawless. Like in any other market, a bear trend always leads to massive losses. The 2008 market crash is one of the biggest bear markets in the financial world. Also, others occurred in the following years.  Crypto has also seen cases of long market crashes, some lasting over a year. This guide will be looking into 5 of the must-know crypto market crashes. Furthermore, it will highlight the reasons behind the…

On September 1st, Ethereum CEO Vitalik Buterin tweeted that he hopes Dogecoin moves to a PoS. His Tweet was in response to a question earlier asked by another big player in the financial world. Vitalik said that days after his selection into the Dogecoin Foundation board. Vitalik on Dogecoin and PoS To boost his social score, Vitalik Buterin told his Twitter friends to ask any questions. Unsurprisingly, the most popular questions were about cryptocurrencies. One of the most exciting questions…

Cryptocurrencies continue to showcase outstanding crypto performance since the launch of Bitcoin in 2009. As a result, global investors are looking forward to establishing financial stability with digital assets. Due to the growing interest, crypto prices are drastically shifting to the top.  Still, in some scenarios, the market trend keeps decreasing for specific periods. A coin's bearish momentum creates fear and panic for users who believe in the future of the asset.  The opposite is a bullish market that records skyrocketing prices…

The Solana (SOL) price has rocketed nearly 220% over the past month. Most of it is due to investors flocking into the project, expecting considerable gains in the near term. Net investment inflows into Solana rose to $7M over the past week.  The project's impressive gains come from the growing excitement around DeFi initiatives. In August alone, Solana's DeFi projects tripled in value. The value crossed the $3B mark for the first time in history. Meanwhile, the booming popularity of…

Bitcoin and ETH, the two most prominent crypto assets, are currently showing slight gains. However, Cardano continues a genuine market bull run and is most likely to hit $3.  Bitcoin Price Analysis Early 29th August, Bitcoin seemed to start by a positive price action as it increased past $49.6k. Bitcoin has been in a bearish-bullish situation in the past few hours, plunging $47928 and later surged to $48957. CMC caps the 24-hour price change at about a 0.5% increase.  Since the…

Bitcoin recently made a bullish statement as it breakout past $50k, while ETH also broke out past its resistance level at $3.3K. The two coins seem to be eyeing new ATHs surpassing the analysts' prediction of $100k and $20 for Bitcoin and Ethereum, respectively. Most of the other coins are also benefiting vastly from bitcoin's bullish trend.  BTC on an Upsurge On Monday, 23rd August, Bitcoin made a bullish statement when it went past its long-term resistance of $50k for…

Bitcoin’s price is stuck around $46,000 and has not moved higher even though there is some strong momentum and buying. Over the past few months, Bitcoin has been moving up and down by up to 50%. This week, it managed to cross above the 40,000 marks after being below the level for about two months. The cryptocurrency and blockchain market, in general, has risen to $8.7 billion in just the first half of 2021 compared to $4.3 billion in the…

Last week, the BTC price initiated a steady rise above the $8700 and $8880 resistance levels against the USD. It gained traction and even managed to rise above the key $9000 resistance. Nevertheless, the price faced a strong resistance close to the $9200 region and the 4-hours simple moving average (SMA). A Look at the BTC/USD 4-Hours Chart The BTC/USD 4-hours chart reveals a critical bearish trend line, with resistance around $8700. However, Bitcoin failed to clear the trendline, $8700 resistance,…