Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting a...
BTC/USD is set to end the month around 8% down, the first such losing streak since 2015 despite an even more impressive Q1 performance. Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ago.Data from monitoring resource Bybt shows that at -8.3%, April 2021 is Bitcoin’s worst April on record and the first since 2015 to make a loss.A Bitcoin April like few othersThe performance contrasts that of March, traditionally a “bad month” for Bitcoin but....
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April has seen a stellar run from BNB, growing 86% in less than two weeks and hitting an all-time high today. Over the same period, its market cap has near doubled from $49bn to $96bn. While this is still just over a third of Ethereum’s market cap, a stalling ETH 2.0 rollout schedule has observers […]
Ethereum hit new all-time highs after a rocky April. Developers and analysts delve into the factors behind ETH price surge. After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as developers continue to work toward the network’s integration with Eth2, which will see the blockchain part ways with its original proof-of-work consensus algorithm in favor of the touted energy and cost-efficient proof-of-stake consensus.While the....
Bulls set their targets on new highs now that the brief consolidation phase in BTC and altcoins appears to have ended. Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for the cryptocurrency. According to Coinglass data, Bitcoin has closed April in the red on onlthree occasions and the worst monthly loss was a 3.46% drop in 2015. Although history favors the bulls, the Whale Shadows indicator has noticed that more than 11,000 Bitcoin has left a wallet in which it had been....
Ethereum has consolidated since hitting the $465 highs last week. It is neither up nor down in the past 24 hours. Still, analysts say that Ethereum is primed to move even higher in the weeks ahead. An analyst noted that the cryptocurrency is currently in the midst of a bullish pennant pattern, which could trigger a move above $500. Ethereum Primed to See Strong Rally Higher Ethereum has consolidated since hitting the $465 highs last […]
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing.
Bitcoin
Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week.
As of writing, BTC/USD hit an intraday low of $33,184.06 during....