Category: Price Watch
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Why Hashgraph (HBAR) just surged 40% despite market stagnance
Hedera Hashgraph (HBAR), a cryptocurrency that increased by more than 350 percent after Google became a member of its Governing Council, rallied by 40 percent on the day. In the same period, major cryptocurrencies like Bitcoin and Ethereum have remained stagnant, with relatively low volumes. Why did Hedera cryptocurrency see a 40 percent upsurge? Following…
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This major crypto is going parabolic as analysts eye a movement to fresh highs
Tezos (XTZ) has been one of the most bullish cryptocurrencies throughout late-2019 and 2020, with the crypto finding itself caught within an intense uptrend that has only been rivaled by that of Chainlink. This highly bullish altcoin has been able to extend its momentum today after Bitcoin’s break above $9,000 sparked a market-wide uptrend, with…
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CME’s Bitcoin volume “collapsed” the past week, making crypto recession a possibility
Since late February, the volume of CME Bitcoin futures market has declined substantially as the global financial market started to see extreme volatility due to rising fear towards the coronavirus outbreak. At its peak in February, the CME Bitcoin futures market recorded a staggering $1 billion in daily volume, as reported by researchers at Skew…
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This crypto is pumping after getting a major tech celebrity endorsement
Elon Musk has long been teasing Twitter with cryptic messages aimed at crypto investors, with the Tesla founder offering multiple contradictory statements that have made it incredibly unclear as to whether or not he is a fan of Bitcoin and other cryptocurrencies. Despite this unclarity when it comes to Bitcoin and the aggregated market, there…
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Ethereum long contracts just hit a record high: how it can trigger a big correction
The Ethereum price is quickly pulling back with technical analysts seeing sub-$200 in the short-term. Despite being one of the top-performing cryptocurrencies in the past two months, it is rapidly losing momentum. Mostly due to record high Ethereum longs On Bitfinex, ETHUSD longs just hit a record high at 659,247, surpassing its previous high 579,785…
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These 3 key factors are making traders think Bitcoin retests the $6,500 bottom
The Bitcoin price has dropped by around 18 percent in the last two weeks and traders are fearing a steep correction to occur in the short-term for three key reasons. The three factors are: the poor technical structure of bitcoin technical components like funding an open interest and the foundation of the recent rally. Factor…
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Derivatives tell an interesting story of the recent Bitcoin price drop
Research by Jesus Rodriguez and Lucas Outumuro of IntoTheBlock Derivatives are becoming an important element of the crypto markets. With more exchanges introducing products such as futures, perpetual swaps or options, the influence of derivatives in crypto markets has been increasing linearly. With the increase in derivative trading comes more data and with more data the…
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XRP enters heavy support region as analysts eye a major bounce
XRP has seen some intense losses over the past week, with the cryptocurrency sliding from highs within the mid-$0.30 region into the lower-$0.20, erasing the bulk of the gains it incurred as a result of its intense 2020 uptrend. This recent selloff, however, may not be long-lasting, as analysts are noting that the crypto could…