Bitcoin price $8.9k drop stir panic as traders fear bearish trend

Since the price of Bitcoin dropped to $8.9k on Thursday, traders have begun to panic as they fear that Bitcoin price could start a new bearish trend. Bitcoin price dropped to $8.9k after it faced strong rejection at the $9.8k level. Traders say BTC’s breakdown from the $9,200 support level may lead to a renewed […] …

Ethereum Price Prediction: ETH/USD Jeopardizes Key Support as the Price Drops Below $200

ETH Price Prediction – May 21 Ethereum (ETH) is back to moving within a bearish pennant structure, subject to further potential downside pressure. ETH/USD Market […] …

Crypto exchanges use crypto leverage trading to pull in more traders

Crypto leverage trading outfits have been the number one call of most investors across the globe. With the rate at which crypto has been adopted over the last few years, one cannot strike out the fact that the crypto market has gained widespread popularity in the financial markets. The adoption increases at a steady pace […] …

Litecoin Price Prediction: LTC/USD is Yet to Take A Trading Direction; Trades at $43

LTC Price Prediction – February 15 Litecoin (LTC) remains in the bullish hands after the recent reversal embraced support at $42.95. LTC/USD Market Key Levels: […] …

Sentiment data shows investors have overreacted to 2009 wallet’s 50 Bitcoin movement

Bitcoin’s price saw a sharp decline earlier today that came about close on the heels of news regarding a wallet from 2009 moving 50 BTC for the first time in a decade.
The post Sentiment data shows investors have overreacted to 2009 wallet’s 50 Bitcoin movement appeared first on CryptoSlate. …

Bitcoin Price Prediction: BTC/USD Trades Below $9,500; Yet Remains Committed to the Bull Affair

Bitcoin (BTC) Price Prediction – May 21 BTC/USD likely to consolidate at lower levels; $9,200 and $9,000 based on the prevailing technical levels. BTC/USD Long-term […] …

Bitcoin Price Prediction: Bitcoin Drops after an Important Rejection, Makes Fragile Steps Upward

Bitcoin (BTC) Price Prediction – May 21, 2020Yesterday, BTC/USD pair turned down after testing the $9,842 resistance zone. The market dropped to $9,301 low. There […] …

EOS price sees short pullback to $2.600: what’s next?

EOS price saw a short rollback on the 20th of May, as BTCUSD price fell on its trading chart for the day. The altcoin traded above the $2.640 level until the evening, after which it fell below the $2.540 mark. DLavrov is a TradingView analyst who believes that a breakout above the local trendline will […] …

Binance Coin price falls short towards $16.60

On the 20th of May, the Binance Coin price line exhibited a short rollback as BTC briefly fell over its price chart for the day. The BNBUSD pair fell below the $16.60 level, while it held the nearest support and continues to trade above it. 1-Day Binance Coin price analysis (20th May) Binance Coin Price […] …

Bitcoin Cash price falls to $240

As Bitcoin price fell to the nearest support for the 20th of May, the altcoins followed the downtrend. The Bitcoin Cash price line fell towards the $236 level as the Relative Strength Index (RSI) depicted a bearish convergence. 1-Day Bitcoin Cash price analysis (20th May) Bitcoin Cash Price Chart by TradingView Bitcoin Cash traded above […] …

Bitcoin price sees rollback to $9350

Bitcoin price fell to $9500 on the 20th of May. Lingrid, the TradingView analyst, had suggested that BTC will see a rollback towards the nearest support above the $9350 mark. The cryptocurrency had been trading near the $9800 level before the Relative Strength Index (RSI) encountered a bearish convergence on the hourly time frame.  1-Day Bitcoin […] …

Ripple Price Analysis: XRP/USD Consolidates in a Flag Formation below $0.20 Level

XRP Price Prediction – May 20 Looking at the daily chart, Ripple (XRP) is down with 1.56% as the value touches $0.195 support. XRP/USD Market […] …

Bitcoin Price Prediction: BTC/USD Continues to Consolidate Below the $10,000 Level

Bitcoin (BTC) Price Prediction – May 20 After four straight bullish days, BTC/USD bears are taking control of the market. BTC/USD Long-term Trend: Bullish (Daily […] …

Ethereum sees booming demand as network utility continues growing

Ethereum’s price action has been rather lackluster in recent times, but this hasn’t been enough to slow its thriving utility.
The post Ethereum sees booming demand as network utility continues growing appeared first on CryptoSlate. …

HyperBlock shutdown: Canadian Bitcoin miner closes shop amid slashed mining reward

The Canadian Bitcoin miners have shortened in number, following the report of HyperBlock shutdown. The company is reportedly one of the biggest Bitcoin mining operators, however, it has been forced to close down shop amid the slashed reward for mining Bitcoin and electricity supply. Bitcoin Halving caused HyperBlock shutdown  According to a report by Missoulian, […] …

EOS price reaches $2.650

The EOS price line stayed above the $2.620 level for a major part of the day’s trade, while it moved below the $2.580 mark during the first quarter of the day’s trade. At the time of writing, the cryptocurrency had a day’s range of $2.630 — $2.660. 1-Day EOS price analysis (19th May) EOS Price […] …

Can blockchain bring entertainment industry out of the woods?

A large chunk of the entertainment industry still remains in a state of the crux, even though most countries across the globe are now on their road to recovery from COVID-19 closures.  With cinemas shut and Netflix viewership on the rise, the global entertainment industry is finding it extremely challenging to get back to its […] …

Bitcoin Cash price varies near $247: what’s next?

ArShevelev is a TradingView analyst who believes that there will be a big ascending wedge for BCHUSD, which may allow the Bitcoin Cash price to move up. The cryptocurrency travelled across the $250 level on the 19th of May. 1-Day Bitcoin Cash price analysis (19th May) Bitcoin Cash Price Chart by TradingView The Relative Strength […] …

Chinese Communist Party shifts focus on crypto with launch of new book

After learning about blockchain and artificial intelligence the Chinese Communist Party officials have shifted their focus on crypto as a part of their learning about disruptive technologies through a series of books. By now, everyone is aware that the China of tomorrow is counting on the underlying technology of Bitcoin to emerge as the ultimate […] …

May 20: Be patient, some breakouts take time

BTC’s open interest is holding steady while volume for the past few sessions has been slightly lower than the last two week’s average that it feels to me we are likely to head into somewhat of a short-term inflection point where we make a decisive break to the up or downside. Just look at the doji candlestick closed yesterday, so here are two scenarios how I think what can pan out over the next few days: …

Bitcoin hashrate: Two mining pools control more than 50% of Bitcoin hash rate

New statistics about the source of the Bitcoin hashrate revealed that more than half of the asset’s hashrate is controlled by two mining pools. Recent data suggests that the Bitcoin network has been becoming increasingly centralized between two major mining pools. The mining pools have come to dominate the network’s hash rate after its block […] …

Ethereum Price Prediction: ETH/USD Price Corrects Downwards After Touching $216

ETH Price Prediction – May 19 After Ethereum (ETH) breaks above $215, a stronger retest of previous resistance is expected. ETH/USD Market Key Levels: Resistance […] …

Bitcoin Cash Price Prediction: BCH/USD May Face a Downside Breakout; Price Moves Below $250

BCH Price Prediction – May 19 As Bitcoin Cash extends its bullish action above $250, declines swept in pushing it back under $248. BCH/USD Market […] …

Bitcoin Price Prediction: BTC/USD Slumps beneath $9,800 after Holding for a Few Days

Bitcoin (BTC) Price Prediction – May 19 Severally, BTC/USD attempts to break above $10,000 nullified as selling pressure intensifies. BTC/USD Long-term Trend: Bullish (Daily Chart) […] …

Adjusting Bitcoin mining difficulty can bring down high fees

Adjusting Bitcoin mining difficulty is likely to bring down runaway BTC transaction fees. The biggest cryptocurrency by market capitalization and market share has seen its fee hit the roof this year. However, there are still hopes that the trends can be reversed by changing the mining algorithm. The high fee problem is not restricted to […] …