crypto markets

blockchain

We Are Still Very Early in DeFi Market Investment: Analyst

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Decentralized finance and crypto markets may have slumped this week, but zooming out to look at the bigger picture suggests that we are still at very early stages of investment. Crypto investor Andrew Kang has taken a deep dive into the state of decentralized finance markets and concluded that things are currently somewhere between the
The post We Are Still Very Early in DeFi Market Investment: Analyst appeared first on Coingape. …

blockchain

Bitcoin price analysis: Crypto industry loses $22 billion as BTC plunges below $11k

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Cryptocurrency market loses $22 billion Bitcoin price drops towards $10,447 Altcoins dropping with bitcoin Both traditional financial and crypto markets decline Global markets react to increased COVID-19 cases As Bitcoin price slid by about 5 percent over the past 24 hours, both the cryptocurrency industry and traditional stocks and financial markets dipped today. The recent […] …

blockchain

Ripple (XRPUSD) price shows momentum after a 1.4 percent gain

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The XRPUSD market has closed with a gain for the second time this week. Ripple chart shows a bullish market in the last few days starting from 6 September 2020. Prices are trading with a high likelihood of testing the upper trendline of the channel. The Bollinger Bands on the one-hour charts show low volatility […] …

blockchain

Sub $10K Incoming? Bitcoin Price Forms Bearish Double-Top After Second Rejection at $10,580

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As of writing these lines, Bitcoin’s price has fallen back down to the $10,300 level in the last few hours, after bears overpowered a second breakout attempt from the current range. Looking at the candles more closely over the 1-hour time frame, it seems like this latest move was orchestrated by whale traders to trick […]
The post Sub $10K Incoming? Bitcoin Price Forms Bearish Double-Top After Second Rejection at $10,580 appeared first on CryptoPotato. …

blockchain

Ethereum’s (ETH) Price Holds $168 Support Amidst Historic Oil Dump

In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support zone. Analysts across the world have constantly been calling for a recession but no one was prepared for yesterday’s (April 20th) price action of US […] …

blockchain

Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close

In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300.  At the same time, its trade volume has been dropping together with its dominance in the crypto markets.  In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600. Why $7,050 is the Level to Watch […] …