Following the in-depth analysis from yesterday and as mentioned before, Bitcoin is under bearish conditions or at a stage known as Capitulation. Capitulation sounds positive (as the last market cycle) even though it can take the asset to far new lows. From yesterday’s analysis: “Zoom in to the current’s situation: Bitcoin...
The US Securities and Exchanges Commission (SEC) has been relatively new on the trails of companies who have launched their ICOs in the United States or ICOs that were open to investments from US citizens. Recently, the federal agency had announced on coming-up actions against multiple ICO makers. Recently,...
Last week was quite a sad one for the crypto community as the bears suddenly hit sending Bitcoin towards $5300 for the first time in 2018. Ethereum and the other altcoins have suffered from the same fate, recording more than 13% losses, with its price pegged below $175. Other...
After last week’s massive collapse where $20 billion worth of cryptos evaporated from the total market capitalization, bulls step in an attempt to hold the price above the support level. Bitcoin is currently holding the $5,500 price level, and ETH is presently maintaining the $174 price level. What we see is...
Over the past days since our latest price analysis and overview, we saw Bitcoin consolidating around the $5400 – $5500 range. As we can see, the current high since the severe drop lies at $5620 which is precisely where Fibonacci retracement level of %38.2. This is the first significant...
The crypto community will finally welcome the first Exchange Traded Product (ETP) to be listed on a traditional stock exchange early next week, and it is happening in Switzerland. The landmark derivative was designed by a crypto startup, Amun AG, and will start trading on Six Swiss Exchange, Europe’s Fourth...
Ripple is trading in a descending channel between the low of $0.45 and the high of $0.55 price levels. As the selling pressure increases, the market continues in a down-trend XRPUSD Short-term Trend: Bearish As long as selling pressure is enormous, the XRP price will have difficulties. The appearance of the...
AirToken’s price has just experienced a huge surge, over 70% in a matter of two hours. The cryptocurrency’s price spiked soon after the U.S. Securities and Exchanges Commission (SEC) ordered the company (Airfox) along with Paragon to refund all of their investors. As of now, the gains have decreased...
TL;DR During Tether’s four year history, it has been constantly beset with numerous scandals. In April 2017, Wells Fargo suspended its services for Bitfinex and Tether, causing a temporary freeze of wire transfers for the two companies. A third-party audit firm has never conducted a full audit onTether In May 2016, the Paradise...
After long months of sideways consolidation, the market has finally chosen a direction, and as it appears the bears have won the battle. BTC has lost more than 14% in the past two days, and all of the other altcoins are following in even worse drops. The total market crypto...