Bitcoin’s (BTC) rally in 2023 has been boosted by expectations that the United States Federal Reserve will slow down the pace of its rate hikes as inflation has started cooling down. Some even anticipate a rate cut by the end of the year. That assumption received a jolt on Feb.3 when the U.S. employment data […]
Ether (ETH) hasactually been havingahardtime with the $1,680 resistance consideringthat Jan.20 Still, the rising triangle pattern and enhancements in financier belief in ETH derivatives supplies hope that Ether rate might reach $1,800 or greater by the end of February. This, of course, depends on how the Ether cost acts as it reaches the pattern duedate […]
Bitcoin (BTC) gained about 40% in January, its best finish in the first month of the year since 2013. The sharp rally caused a change in sentiment and the futures markets which saw backwardation in November and December started trading at a healthy contango in January, according to Glassnode. Coming out of a bear market […]
Traders tend to lighten up positions before important events because they hate uncertainty. The United States Federal Reserve’s policy decision is on Feb. 1, where the central bank is expected to hike rates by 25 basis points. Market observers will keenly watch for any hints about how high the rates could go. That could be […]
Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also easy to become overconfident when you get lucky, falsely attributing it to your trading strategy — when, in reality, the price often rose or fell […]
After two weeks of a stupendous rally, Bitcoin’s (BTC) price has largely been flat this week. This is a positive sign as it shows that market participants are not growing nervous before a slew of central bank meetings take place next week. The United States Federal Reserve, European Central Bank and Bank of England are […]
The cost of Ether (ETH) rallied 16% inbetween Jan. 14 and Jan. 21, peaking at $1,680 priorto dealingwith a 5.4% rejection. Curiously, the verysame resistance level resulted in a significant correction in late August 2022 and onceagain in early November 2022. Ether/USD rate index, 2-day. Source: TradingView From one side, traders are relieved that Ether […]
Bitcoin’s (BTC) price has risen about 37% year-to-date and is not showing any signs of slowing down. The S&P 500 index (SPX) has also made a winning start to the year but has seen a relatively muted rally of roughly 4%. While the price of risky assets are rising, the United States dollar index (DXY), […]
The United States equities markets are on track to finish the week in the red but that has not resulted in a deeper loss for Bitcoin (BTC). The news of cryptocurrency lender Genesis filing for Chapter 11 bankruptcy also did not have any meaningful impact on Bitcoin’s price. This shows that the selling pressure could […]
Bitcoin (BTC) might gain another 50% priorto seeing a mass sell-off to total its bear market, brand-new researchstudy anticipates. In the newest edition of its routine markets newsletter, “The Crypto Circular,” trading company QCP Capital provided a grim caution to those who think that crypto winterseason is over. Research alerts of “final Wave 5 selloff” […]
Ethereum (ETH) cost is havingahardtime to conquered resistance at $1,600 and this is the altcoin’s 3rd effort consideringthat September2022 Some would state the 33% year-to-date rally might be analyzed as a stoppedworking chance to breach the $200 billion market capitalization mark. Ether/USD cost index, 2-day. Source: TradingView If Ethereum cost were to break above $1,600, […]
Ethereum’s native token, Ether (ETH), might grow by 35% versus Bitcoin (BTC) this year to struck 0.1 BTC for the veryfirst time consideringthat 2018 as it kinds a timeless bullish extension pattern. Ethereum cost needto veryfirst break secret resistance Dubbed an ascending triangle, the pattern types when the rate changes inside a variety specified by increasing […]