Market Analysis: Stable Week
As the title suggests, this week has been stable for the most part. Take the world stable with several grains of salt, as stable in cryptocurrency is still volatile for most people to stomach when they have been used to the relative stability of the dollar and people in precious metals. For example, let’s take a look at some of the more recognizable cryptocurrencies such as Litecoin and Darkcoin. Litecoin has stayed in the $5 range, with volume staying around the $2.5 million mark. With a market cap that Litecoin possess, I fully expect Litecoin to recover from the downward trend it has....
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Bitcoin has been getting stable at its crucial support level of $30,000. For over a week now, Bitcoin has been trading near its immediate support level. Over the last week, the coin lost close to 6% of its value and in the last 24 hours, BTC fell by 3%. The past week has been extremely choppy for Bitcoin and also for the altcoin due to continued market weakness. The coin had plunged to a low of $25,000, BTC had last traded about that price level in December 2020. Bitcoin has recovered by $5000, however, a chance of a further downslide cannot be ruled out. The technical of the coin pointed....
This week, Bitcoin has seen stable gains, securing a 2.25% increase. While we did see some dips this week, Bitcoin never fell below the $240 threshold. After Bitcoin hit its low at $240, it rose quickly, hitting this week’s high at $252. Since then, Bitcoin has decreased slightly and is hovering just under $250. Volume has been in the average range this week — possibly on the lower end of the spectrum. While it is higher than the volume we saw last week, more volume would be optimum, as more liquidity for Bitcoin is never a bad thing. Next week could go either way regarding the price of....
Note from the Author: After spending time with the Australian, New Zealand and San Francisco Crypto-Currency communities, it’s time to get back analyzing. Please see (@Tone_LLT) for more timely updates throughout next week. About a week and half ago we concluded with the following: It is nice to see Bitcoin stable for a short stretch of time, even if it is at these low year over year levels. We are tentatively bullish across all time frames and hope to see US$400 broken in the near futures as it rallies to US$450 and perhaps even US$500 into year end. “Governments, all governments, will....
Happy Sunday, and welcome back to another Bitcoin News in Review, where we revisit some of our best stories of the week here on CryptoCoins News. This week (3 August - 10 August), we continued to see a remarkably stagnant Bitcoin price. saw the earliest bitcoins moving through the blockchain, saw GAW Miners purchase BTC.com for a cool $1 million, and more. Check out this Bitcoin News in Review after the break. CCN. Bitcoin Price - Stable or Stagnant? The Bitcoin price hasn't really changed much in a while. Bitcoin is perhaps one of the most volatile currencies in existence. Prices have....
This week has been interesting has been full of surprises to say the least. From January 13th to January 15th Bitcoin dropped from a weight priced of 264.35 on Bitstamp to a weighted price of 178.83 exactly 48 hours later. Equivalent to around a 32.4% drop in price in only just two days, it was a reminder that Bitcoin is still a young and volatile currency. While the price has gone back up a little bit (price of Bitcoin is at $210.58), Bitcoin is still down 22.21% this week, as of January 18th. Most if not all cryptocurrencies went down with the main exception being Nushares, which is up....