Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, E...
Despite a slight recovery in cryptocurrency prices on Wednesday, experts remain divided on the future direction of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The market is at a crossroads, with some analysts anticipating a deeper correction, while others see the potential for a renewed recovery. iShares Bitcoin Trust ETF Hits 52-Week Low According to a report from Barron’s, all three cryptocurrencies have attracted attention from major exchange-traded fund (ETF) issuers and President Trump’s administration, spurring hopes that increased institutional adoption could help stabilize....
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Ethereum is seeing some technical weakness today despite the strength seen by Bitcoin Some bearish events within the DeFi sector may be contributing to this, including a massive smart contract exploit that cost investors millions This has caused it to see some notable underperformance of Bitcoin throughout the past 24 hours Despite this short-term technical weakness, one analyst is still noting that the bull case is growing stronger each day He notes that a move […]
XRP has been flashing some signs of weakness throughout the past few days and weeks, with the selling pressure seen around the mid-$0.60 region proving to be too significant for the cryptocurrency to surmount. Where it trends in the mid-term will depend largely on whether or not this level continues holding strong as resistance. If […]
A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while 40% still slightly favor fiat cash. The Impact of Money Creation The Satoshilabs survey, which assessed the awareness of cryptocurrencies among the different demographic groups, sought views from more than a thousand Americans across the country. Writing in a blog that explains the survey’s....
New cryptos are being added to the blockchain almost every day. Thousands of crypto projects exist, but many are here today and gone tomorrow. We wanted to identify the best, so we compared the major projects and came up with a list of new cryptos to watch. The Top 7 New Cryptocurrency To Watch With […]
Bitcoin’s price is currently plunging, with the growing sell-side pressure coming from a combination of technical uncertainty, weakness in the stock market, and strength in the US Dollar BTC’s recent inability to break above $11,000 may also be one factor behind this recent turbulence, as it elucidated underlying weakness amongst bulls One trader, in particular, is now noting that he is expecting the crypto to see some serious near-term downside He is setting his sights […]