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Charted: Ripple (XRP) Retreats Sharply, $0.50 Is The Key For Next Increase

Ripple retested the $0.7500 resistance level before a sharp decline against the US Dollar, similar to bitcoin and ETH. XRP price is holding the $0.5500 support, but it might even test $0.5000. Ripple started a strong downside correction after it failed to clear $0.7500 against the US dollar. The price broke the $0.6000 support, but it is still well...

TA: Ethereum Starts Corrective Decrease, Why Recovery Could Be Limited

Ethereum formed a short-term top near $620 and started a sharp decline against the US Dollar. ETH price is correcting gains and it could revisit the $500 support zone. Ethereum started a downside correction after it failed to stay above the $580 support. The price traded below the $550 support and the 100 hourly simple moving average. There was...

Bitcoin Wicks to $17,100 Amid 14% Pre-Thanksgiving Crash

Bitcoin wicked as low as $17,100 minutes ago as buying pressure finally abated after weeks upon weeks of upward price action. The coin corrected from the $19,600 region yesterday to these lows for a drop of approximately 14%. Analysts are currently divided over what comes next for the leading cryptocurrency. Bitcoin was starting to roll over after...

TA: Bitcoin Price Corrects 5%, Why Bulls Are Still Comfortable

Bitcoin price formed a double top pattern near $19,500 and corrected lower against the US Dollar. BTC is now trading below $18,500 and it could test the $18,000 support or $17,600. Bitcoin failed again to clear the $19,500 resistance and started a sharp downside correction. The price declined sharply below the $19,000 level and the 100 hourly simple...

Bitcoin Rally Isn’t Just Institutional Driven, Emerging Markets Are Voting For Revolution

Bitcoin very well has the potential to be the successor to the dollar and the next global reserve currency. For now, the store of value narrative and acting as a hedge against inflation has drawn institutions to the asset class finally. Crypto analysts point to the high wealth, “smart money” investor class as the sole reason for the sudden momentum...

Analyst: XRP Posts Failed Breakout as It Loses Its “Coil Power”

XRP has been caught in the throes of volatility as of late, with much of this greatly favoring bulls The crypto saw a parabolic upswing earlier this week that caused its price to multiply over the past few days This intense upswing has slowed down, and the lack of any fundamental catalysts backing this movement may make it feeble and easily reverted...

Ethereum Transaction Fees Rising Hints At DeFi Season Round Two

Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam. But as transaction fees begin to pick up again after a period of inactivity and downtrend, could it be a signal that another phase of DeFi dominance is about to start? DeFi Helps Take Ethereum To 350% ROI In...

Why Ethereum and Altcoins Faced Carnage As Bitcoin Hit $19,500

The ongoing Bitcoin rally brought investor interest back to altcoins in a big way, but as soon as the top-ranked cryptocurrency made it above $19,000, it has been nothing but carnage for Ethereum and the rest of the altcoin space. Here’s why these assets faced carnage as soon as Bitcoin hit $19,500, and why it might signal a short-term top is near...

The FBC Fund Has Invested in Vectracoin

The rumors about the acquisition of 2000 tokens appeared last week, but both sides confirmed that the transaction took place actually only last night. The FBC (Finance and Business Capital LTD) Fund is best known for its unique patented FBC13 algorithm, which allows you to predict the short-term behavior of the stock market and cryptocurrency quotes....

Bitcoin Price Rises Ahead of FOMC Minutes; What to Expect Next?

Bitcoin rose Wednesday, right ahead of the release of the Federal Open Market Committee’s minutes from their November meeting. The benchmark cryptocurrency climbed 0.13 percent to $19,198, with its rally slowing down as traders weighted vaccine progress against a persistent rise in coronavirus infections in the US. Technically, Bitcoin maintained support...

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