Indicator Shows Bitcoin’s Selloff May be Running Out of Steam

It has been a rocky past day for Bitcoin, with the benchmark crypto posting massive losses as buyers struggle to garner significant momentum. This selling pressure has sent shockwaves throughout the entire cryptocurrency market, causing altcoins to see massive selloffs that have erased the bulk of their recent gains. One trader is specifically noting...

43m

Short Calls Fail to Shake Bitcoin Miners Who Push Difficulty to New All-Time High

Currently, Bitcoin traders are overall net long. But talk of a second wave has memories of March’s flash crash fresh on the mind. Source: blockchainwhispers.com The European Centre for Disease Prevention and Control has issued a stark notice over the rise in infection rates. As a result, throughout Europe, authorities are taking into consideration...

2h

YFI Expects Big Trouble as Price Falls Six Days in a Row

It is day six and YFI has not stopped falling from its all-time high above $44,000. The Yearn Finance’s governance token remains among the best-performing crypto-assets in 2020, with lifetime gains near 2,000 percent. Nevertheless, its higher-than-expected price has also reduced its bids in the open market. That has resulted in a sharper decline. YFI/USD...

2h

Ethereum Risks Crashing to $200 as Price Breaks Multi-Week Support

Ethereum is looking to fall towards $200 after breaking a multi-week support level this Monday. The price floor was a part of a Bear Flag pattern. In retrospect, Bear Flag appears as an asset consolidates in an upward channel following a robust directional move down. The price eventually breaks below the Channel’s lower trendline, a move that signals...

4h

This Statistic Shows How Small Ethereum’s DeFi Space Really Is

Ethereum’s decentralized finance space has seen parabolic growth since the start of 2020. In the past nine months, the value of coins locked in DeFi contracts has surged from around $500 million to $10 billion — a statistic that may actually undershoot true values. Simultaneously, tokens pertaining to the DeFi space have seen a strong uptick in price...

6h

Ripple (XRP) Price Indicators Show Vulnerability To A Sharp Decline

Ripple is facing an uphill task near the $0.2500 resistance against the US Dollar. XRP price could nosedive if it struggles to clear the main $0.2500 barrier. Ripple is currently consolidating above the $0.2425 and $0.2380 levels against the US dollar. The price is facing a strong resistance near the $0.2500 level and the 100 hourly simple moving...

8h

Ethereum Above This Confluence Resistance Could Start Strong Increase

Ethereum corrected lower below the $380 level, but it found support near $365 against the US Dollar. ETH price is currently rising, but it must surpass the key $380 zone for a strong upward move. Ethereum is currently recovering from $365 and trading above the $372 level. The price is facing a strong resistance near the $380 zone and the 100 hourly...

8h

Bitcoin Topside Bias Vulnerable If it Closes Below One Crucial Level

Bitcoin price retested the $10,750 support and recently corrected higher against the US Dollar. BTC must stay above $10,750 to start a fresh increase in the near term. Bitcoin is struggling to gains momentum above the $11,000 and $11,000 resistance levels. The price is currently trading well above the $10,750 support and testing the 100 hourly simple...

8h

Bitcoin’s Weekly Candle Just Closed—And We’re In the “Middle of Nowhere”

Just an hour ago, Bitcoin’s weekly candle closed after an eventual week in which the leading cryptocurrency surged from lows near $10,000 to a local high at $11,150. The coin now trades at $10,950 as of this article’s writing, slightly above the ~$10,850 weekly close. The cryptocurrency, while above the pivotal $10,000 technical and psychological support...

13h

Uniswap’s UNI Token Shows Signs of Weakness as Analysts Target $4.80

Uniswap’s token (UNI) has seen immense volatility throughout the past few days and weeks, with aggressive buying pressure following its launch pushing it up towards $8.50 before witnessing a massive inflow of selling pressure. This selling pressure has caused its price to collapse below $5.00, although it is still trading up significantly from its...

13h