Category: Price Watch
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XRP forming highly bullish price cycle as one analyst eyes a big upside
XRP has been severely impacted by the recent market-wide downturn, with the third-largest cryptocurrency by market capitalization briefly falling behind the Tether (USDT) stable coin last week when its price plummeted below $0.10. This bearish price action has shown some signs of dissipating, however, as the crypto is now in the process of exiting a…
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Has the Chainlink bubble burst? Analyst eyes further downside following 60% crash
Chainlink (LINK) was one of the most bullish cryptocurrencies throughout 2019 and 2020, with the crypto racing from its year-to-date lows of $1.70 to highs of nearly $5.00, before facing a significant selloff that has since sent it reeling down 60 percent. This intense decline has led it to erase virtually all of the gains…
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Stock futures are dropping again, suggesting Bitcoin may see another drop
The U.S. stock market rebounded today following yesterday’s unprecedented selloff, with all of the major indices climbing over five percent today. This led Bitcoin and the aggregated crypto market to follow suit, with BTC and most other altcoins posting decent gains over the past 24-hours. This ongoing rebound may be short-lived, however, as the benchmark…
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Analyst: “miner capitulation” narrative proves Bitcoin is bottoming
There is no doubt that “Bitcoin miner capitulation” is the flavor of the week for Crypto Twitter. Since BTC plunged dozens of percent over the span of 48 hours, all investors have been able to talk about is a potential collapse in the mining ecosystem. While many of these fearful investors are making such discussion…
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Global interest for Bitcoin could be about to explode, here’s why
Trade volumes are booming on primary and secondary Bitcoin exchanges as Google searches for the number-one crypto skyrocket, indicating that to some degree a panic-induced flight to BTC may be in its early stages after the global economy’s recent capitulation. Real trading volumes have rocketed on the Bitwise 24-hour spot volume index — on Friday…
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Intense stock market meltdown suggests the crypto market has a rough road ahead
Today was one of the worst single-day trading sessions the U.S. stock market has ever seen, with the benchmark indices erasing all of the gains that were incurred during the rally seen last Friday afternoon. This has led the crypto markets to similarly decline, with Bitcoin once again breaking below $5,000. It now appears that…
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Aftermath of bizarre Bitcoin crash: BitMEX overtaken by FTX and Deribit in Ethereum futures
BitMEX, one of the largest cryptocurrency futures exchanges in terms of daily volume, has fallen behind OKEx, FTX, Deribit, Huobi, and Bybit in Ethereum open interest after the overnight Bitcoin drop to $3,600 on March 12. The exchange was criticized for not using a large part of its insurance fund as $1.2 billion worth of…
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There’s a possibility Bitcoin bottomed at $3,800: here are 3 reasons why
Bitcoin has arguably had its worst week ever; after peaking at $9,200 last weekend, the cryptocurrency plunged as low as $3,800, marking a drop of 60 percent in under seven days’ time. Although the price of BTC has since recovered to $5,400, with the asset showing remarkable strength in the wake of a capitulation event,…
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Bitcoin searches on Google are rocketing upward even after the massive drop, here’s why
The search term “Bitcoin” has exploded in popularity on Google in the last week, suggesting the unfolding global economic crisis may be spurring on interest in BTC even in the wake of one of the coin’s most devastating sell-offs ever. Worldwide search volumes for Bitcoin have broken out to hit a seven-month high according to…