Market News

U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend

There have been multiple selling trends recorded in bitcoin since the crash in December 2021. These selloffs have been responsible for the lower prices recorded in the digital asset over the past two months. Of course, selling trends can be recorded by their volume depending on when trading hours open in a particular region. This …

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Ethereum Holds Crucial Support, Why Hopes of Fresh Rally Is Intact

Ethereum continued to bid well above the $1,720 support level against the US Dollar. ETH recovered losses, but still faces hurdles near the $1,850 area. Ethereum bid remains well above the $1,720 support area. The price is now trading below $1800 and the 100 hourly simple moving average. There is a major bearish trend line …

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As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market

The broader cryptocurrency market has been in a bearish price swing, with bitcoin dropping almost daily. Before now, bitcoin miners had put some BTC tokens waiting to reap their sunny days. However, the continued decline in the price of virtual assets has set a steady downtrend for the most important cryptocurrency. Hence, miners sell their …

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Ethereum Market Cap Cut By Over $100 Billion Last Month

The deteriorating state of the cryptocurrency market is leaked through Ethereum. The market value of Ethereum was dumped by more than $100 billion in the last month. Ethereum was trading at $1,809.49, down -6.9% Wednesday, the chart by Coingecko shows. The bearish market position is becoming more consistent as Ethereum appears to be resting in …

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Bitcoin Forms Bullish Pattern, Why Break Above $31.5K Is The Key

Bitcoin remained strong above the $29,500 support level against the US Dollar. BTC could start a significant increase if there is a clear move above the $31,500 resistance. Bitcoin started a fresh increase from the $29,500 support area. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There …

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What Does The Bull Div On Ethereum RSI Mean For The Top Altcoin?

Just like other digital currencies, Ethereum extended its losses today. During the last 24 hours, the altcoin slipped below the $1900 price level. Bitcoin also fell on its chart and major industrial cryptocurrencies followed suit. Most currencies have consolidated over the past week and a half on their charts. After the consolidation, some altcoins tried …

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How A Morning Star Reversal Could Awaken The Bitcoin Bull Run

It’s an exaggeration to say Bitcoin is bullish, but what if the bulls are simply resting after a difficult “evening” and are about to prepare for a new morning? A potential bullish candlestick reversal pattern with a higher time frame called the Morning Star can predict this. Here is a closer look at a potential …

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Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments

The recent trend of Polygon (MATIC) has followed a negative pattern, sparking more concern within the industry. Amidst the extended 2022 cryptocurrency market correction, MATIC has a consistent bearish outlook. From its value of $2.92 on December 27, 2021, the coin is down more than 60%. Volatility remains an important characteristic of cryptocurrencies that has …

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Ethereum Fails Near Key Resistance, Why $1,700 Is The Key

Ethereum struggled to remove the key resistance of $1,920 against the US Dollar. ETH has fallen sharply and is now testing the key $1,700 support area. Ethereum failed to break above the key resistance area of ​​$1,920. The price is now trading below $1800 and the 100 hourly simple moving average. There was a break …

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