Category: Price Watch
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Crypto market sees extensive bloodbath as Bitcoin reaches key level
After a futile attempt to kick off another uptrend yesterday, the crypto market has seen an intense selloff that has stemmed from Bitcoin’s move down to $9,500, which has subsequently led most major altcoins to plummet lower. This bloodbath has led most major cryptocurrencies to form an incredibly close correlation to Bitcoin, and it is…
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Data shows Chainlink network is growing exponentially as its community becomes more optimistic
The Chainlink network is growing at an exponential rate, according to data from IntoTheBlock. Every day, more addresses are created and the number of holders continues rising. The positivity around LINK can be seen across all social media platforms, which could be a sign of a further price appreciation. Chainlink network stats show strength of…
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XRP is lagging behind major cryptocurrencies in 2020, what’s behind the lackluster performance?
Since the first week of January, XRP has increased by about 50 percent against the USD. While the number seems high, the upsurge is relatively weak compared to top cryptocurrencies like Ethereum and EOS. In the same period, Ethereum rallied by more than 100 percent against the USD, while EOS surged by well over 60…
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Analyst: Ethereum may see intense rally after piercing this technical resistance
Ethereum (ETH) has seen some mixed price action over the past week, with the cryptocurrency previously finding some stability around $280 before plummeting below $250 in tandem with Bitcoin’s crash below $10,000. In the time since this violent movement occurred, however, ETH’s bulls have been able to regain their strength, and they have been subsequently…
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These are the key levels to watch following Bitcoin’s insane flash crash
Yesterday, investors witnessed one of Bitcoin’s largest-ever hourly price declines, with the benchmark cryptocurrency plummeting from highs of $10,200 to lows of $9,200, which is where BTC was able to find some intense buying pressure that helped climb to its current price of $9,600. This sharp and sudden decline muddied the clarity that many investors…
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Bitcoin just saw its fifth largest hourly price drop ever; here’s where it may go next
Bitcoin investors were taken aback to witness Bitcoin’s massive flash crash today, which led the benchmark cryptocurrency to plummet from $10,200 to lows of $9,200 in a mere matter of minutes, with its sudden downturn leading the aggregated crypto market to follow suit. This sudden drop, in dollar terms, marked the fifth-largest decline that the…
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Data shows Ethereum is becoming more distributed over time as demand rises
A recent report reveals that Ethereum is becoming widely distributed, which could be a direct result of a spike in demand for this cryptocurrency. Ethereum looks fundamentally strong On Feb. 18, Coin Metrics, a crypto market and network analytics provider, released the latest version of its “State of the Network” report. There, the firm highlights…