Key points: Bitcoin’s break below $84,000 tilts the advantage in favor of the bears, opening the doors for a potential fall to $74,508. Several major altcoins have slipped below their support levels, signaling that the bears are attempting to take charge. Bitcoin (BTC) remains under pressure as sellers attempt to sustain the price below the…
Key points: Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure. Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels. Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to…
Key points: Bitcoin is attempting to find support near the $88,000 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins, or else the recovery could fizzle out. Bitcoin (BTC) is attempting to find support near $88,000, but a handful of US and global macroeconomic factors are creating…
Cryptocurrency markets posted a broad recovery this week, led by gains in major coins, even as investor attention remained focused on the uncertainty of pending US crypto legislation. Bitcoin (BTC) rose over 5% during the past week to top the $95,000 mark, while Ether (ETH) pumped by around 6.6% on developments related to the top…
Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins; else the recovery could fizzle out. Bitcoin’s (BTC) shallow pullback is attempting to find support near the $94,500 level, indicating a lack of aggressive selling by the…
Key points: Bitcoin is showing considerable strength in the short term, opening the gates for a rally to $100,000 and then to $107,500. Select major altcoins are showing strength, but Monero (XMR) is leading from the front. After the sharp rally on Tuesday, Bitcoin (BTC) bulls are attempting to extend the gains above $97,000. The…
DASH price surged as capital rotated into privacy coins, with traders shifting away from Zcash after its governance turmoil. Key takeaways: Dash (DASH) emerged as one of the best crypto market performers this week, with its price rallying 125% to reach $79.60 on Wednesday. DASH/USDT daily chart. Source: TradingView Why is DASH rallying so much…
Privacy-preserving cryptocurrency Monero surged to a new all-time high on Tuesday as tightening digital asset regulations contribute to heightened investor demand for privacy coins. Monero (XMR) rose to a new all-time high above $687 on Tuesday, up around 14% rise over the past 24 hours, according to TradingView data. Monero has gained roughly 45% in…
Bitcoin’s role as a non-sovereign risk asset may benefit from renewed investor focus thanks to the criminal investigation into US Federal Reserve Chair Jerome Powell. Federal prosecutors opened a criminal investigation into Powell over testimony he gave to a Senate committee about renovations to the Fed’s buildings. In a Sunday statement, Powell said the investigation…
Key takeaways: Monero (XMR) surged past the $500 mark for the first time since its peak in May 2021. The privacy-focused cryptocurrency briefly touched $500.66 after rising more than 6% on Sunday and 20% over the past week. That brought it closer to its record high of around $517.50, established in April 2021. XMR/USD daily…