Cryptocurrency bitcoin rose 5.69 percent to $2,045.29 by 2003 GMT Sunday, up $1,079.23 from its previous close. With this, Bitcoin, the largest and most popular cryptocurrency in the world, is up 13.9 percent from this year’s low of $1,7592.78, which it hit on Saturday. Ether rose 10.42 percent to $1,100.07 …
Read More »Financial Markets’ Weekly Recap, 13 – 17 June
Central banks, categorized as most observed and most monitored around the globe, are coining what can be called a campaign against surging inflation. But this week it became more obvious that they know this could be achieved only at a cost that their economies should endure.US president Joe Biden indicated, …
Read More »Why Has Bitcoin Dropped Below $20,000?
Liquidity problems could account for the latest crypto crash. Over the weekend, bitcoin price dropped below a key psychological level for buyer support, and so far, has not managed to return above that level.Bitcoin price fell below $20,000 on Saturday and is currently trading at $19,379 on Sunday morning, registering …
Read More »How Low Could Bitcoin and Ethereum Prices Go?
After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse amid a broader investor sell-off of risky assets. The price of bitcoin fell more than 30% over the last week to just under $21,000, and Ethereum followed a …
Read More »Bitcoin drops to its lowest level in 18 months
Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping. Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020. Bitcoin has lost about 28 percent of its value since Friday, and more than half …
Read More »Bitcoin rises after longest losing streak
Bitcoin moved higher over the weekend as cryptocurrency traders look for a bottom following a rough six months of selloff.The largest cryptocurrency by market cap about 4% and trades on Monday at $31,298.76. Ether has advanced nearly 5% to $1,855.86.Crypto has continued to move together with stocks. All three of …
Read More »Shiba Inu acts as crypto underperformer
Shiba Inu price qualifies the asset to be considered as a crypto underperformer if market conditions persist. Continual diminishing returns are a likely outcome for the meme coin. Invalidation of the bearish thesis is a breach above $0.00001850. Ethereum price displays reasons to believe in a price spike to $2400. …
Read More »Cryptocurrencies build momentum for a flash crash
Bitcoin price, on Wednesday, shows that bears are attempting to put BTC into a close last seen in early January 2021. Ethereum price threatens to touch a new lowest 2022 and 10-month close. XRP price action tested the $0.50 as resistance but could not break it.Bitcoin price action during the …
Read More »Huge Crash Wipes Out Bitcoin, Other Cryptocurrencies
Over $200 billion erased from the cryptocurrencies’ market in one day as selloff has intensified. The price of bitcoin plunged below $26,000 on Thursday, hitting the lowest level in 16 months.The price of bitcoin plunged as low as $25,401.29 on Thursday. That marks the first time the cryptocurrency has sunk …
Read More »Are Cryptocurrencies In Unfortunate Spot?
Traders may have been enticed to jump the gun following Monday’s remarkable rally, which played right into smart money’s game plan as they are still in control of the downtrend. Bitcoin, Ethereum and XRP price could experience severe liquidity hunts if market conditions persist.Some investors still believe that investing in …
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