We’ve seen an uptick in demand for more speculative cryptocurrencies recently, which is clearly thanks to the short-term countertrend in the Nasdaq 100 index.
The brief break above the downtrend in QQQ starting at the beginning of April showed traders …
While we’re all waiting and hoping for a significant market-wide bounce from oversold levels, Ethereum is working on its own comeback relative to Bitcoin. As markets have gotten beat up since the crypto market’s peak, we have observed capital favoring …
As we approach the end of June and the beginning of Q3, Bitcoin remains in a rather vulnerable spot. Bitcoin is currently at risk of closing below its 50-month moving average for the first time ever, unless price can rally …
If you weren’t paying attention to the cryptocurrency market over the weekend, you would likely have been happy to see Bitcoin’s price about 2.25% higher when stocks opened on Tuesday relative to where BTC was at the close last Friday.…
Last Friday gave us a horrendous 8.6% year-over-year CPI, crushing equities and sending the cryptocurrency market into the weekend with a nasty downward trajectory. Bitcoin closed last Friday -3.4% at $29,060, which didn’t seem all too bad all things considered, …
After several months of selling, crypto traders are hungry for the opportunity to start trading again.
The pandemic essentially funneled capital into cryptocurrencies and provided a gamified trading environment. Every new bit of stimulus pumped prices even higher, while governmental …
Cryptocurrencies had a strong weekend in which Bitcoin (BTC) managed to breakout of its consolidation range and take out the $31,300 resistance level.
Bitcoin is up about +11% since last Friday’s close, with Ethereum (ETH) up about +15.7%. Although altcoin’s …
Thanks to a rally before the close for stocks last Friday, the cryptocurrency market went into the weekend with a positive enough of a sentiment to sustain Bitcoin above $29,000. Unsurprisingly, we got a relatively unexciting weekend as the price …
The overall cryptocurrency market cap broke down below $1.5 trillion for the first time since July 2021 after peaking just below the $3 trillion level just this past November.
Last week’s selloff appeared to likely be fueled by the LUNA …
The UST stablecoin which is supposed to be fixed to the price of $1 USD sold off to as low as $0.60 on Monday. The de-pegging of UST from the USD caused a bank run on the stablecoin, and forced …