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As XRP Rallies, Here’s the Level Top Traders Plan on “Shorting With Fury”

The aggregated cryptocurrency market is beginning to flash some signs of strength after an extended period of sideways trading Altcoins have been leading the market higher, as Bitcoin has remained stagnant within its long-held trading range This upwards momentum has even allowed XRP to rally, with this marking the first notable surge it has seen since...

Top Macro Investor Claims the Time for a Bitcoin Rally is Almost Here

Bitcoin is currently attempting to break above the resistance that has been formed at $9,300 This comes on the heels of a nearly week-long consolidation phase between $9,000 and $9,300 Where it trends next will likely depend on its reaction to this level, and some analysts are expecting the next movement to favor bulls heavily One top macro investor...

Dirty Money: What’s Living on Cash That Can’t on Bitcoin?

The recent pandemic put a spotlight on contactless payment alternatives to paper cash like Bitcoin, Venmo, Apple Pay, and more. The World Health Organization urged consumers to rely on these payment methods. Digital payments soared globally as a result. But beyond the possibility of viral transmission, what else is living on dirty money that isn’t...

One of Bitcoin’s Crucial Macro Indicators Just Formed a Bullish Breakout

From the lows seen on Sunday, Bitcoin has sustained a healthy bounce. As of the time of this article’s writing, the leading cryptocurrency trades for $9,250. At the local peak on Monday, it traded as high as $9,400 on major exchanges. While the cryptocurrency is not yet above the crucial $9,400-9,500 resistance region, an analyst has observed that...

Binance CEO: 95% of Crypto Projects Are Unlikely to “Pump” This Cycle

Crypto altcoins have ignored Bitcoin’s inability to rally over recent weeks. Take the chart below, which shows that BTC has strongly underperformed some of the leading cryptocurrencies since the start of June. Bitcoin vs. altcoins (Chainlink, Cardano, Dogecoin, Ethereum) since the start of June. Chart from TradingView.com With the recent outperformance...

Wall Street “Fear” Indicator Puts Bitcoin Under Extreme Downside Risks

Bitcoin has rallied by more than 150 percent from its mid-March nadir, but its growing exposure to a similarly booming US stock market remains worrisome. The cryptocurrency risks paring a portion of its recent gains as macro analysts warn about a downside move in the S&P 500 ahead. The warning came as the Cboe Volatility Index surged 41 percent...

Cardano (ADA) Hits 2-Year High Following Coinbase Custody’s Integration; What’s Next?

Cardano’s native blockchain token ADA logged a two-year high in early Wednesday trading session. The ADA/USD exchange rate topped at $0.138 as traders shifted their focus on Coinbase Custody’s announcement of supporting ADA storage and staking this year. ADA is now up by circa 180 percent over the last 90 days. Cardano’s native token ADA is among...

XRP’s Recent Collapse Could Force Ethereum Under $200, Analyst Suggests

While Bitcoin, Ethereum, and other top cryptocurrencies are near year-to-date highs, the same cannot be said for XRP. As the chart below depicts, the leading altcoin is trading at $0.185 as of this article’s writing. This is below the start-of-2020 price ~$0.19 and more than 40% below the year-to-date highs of $0.34. Chart of XRP’s price action since...

Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support

Bitcoin has remained in firm bull territory over the past several weeks, despite it showing some signs of immense weakness Much of the benchmark cryptocurrency’s current strength comes from its ability to hold above its SMA50 One analyst believes that this is the level that will determine the crypto’s future in the days and weeks ahead He also notes...

Cardano (ADA) May Be Forming a Macro Top Despite Surging 400% Since March

Cardano has been caught within an intense rally over the past few weeks, surging amidst a flurry of positive news This rally has allowed it to set fresh yearly highs today, and in the near-term, it appears that it will continue climbing higher It is important to note that it is quickly navigating up towards a massive high time frame resistance level...

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