Ethereum Price Analysis: July 4 - July 11
Ethereum price is continuing to fall. It is currently traded at the long-term correction peak. Is there a way for the price to go up? USDTETH. Fall in demand. The fact that Ethereum price could settle at $300 just confirms the upward trend is weak. This mark is important for growth since it was the point of the biggest offer. It wasn’t able to uphold, so obviously the supply surpassed the demand. But at the moment, the fall in demand seems to be temporary. Sharp upward impulses after sharp fall only prove that. According to Vitalik Buterin, the Ethereum network development influences the....
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No one can say that the crypto winter is over yet, But the good news is that Bitcoin and ETH seem to have gained significant momentum in the past 24 hours. This greenish price movement has caused many investors to liquidate their short positions. Another good news is that the global crypto market cap that plummeted recently has gained $150 Billion. Now it is more than 1 Trillion. Ethereum Price Gains As Bitcoin Surges As per available data on CoinMarketCap, BTC price at the time of writing is on the verge of registering the $24k mark, while Ethereum stands at $1,605, showing a major....
Bitcoin opened July with a value of circa $640 and by the end of the month it settled at just under $590. During the month of July several events occurred that should have had an effect on the value of, what is recognized as, a volatile commodity (all currencies can be thought of as commodities in economics). During the month of July the proposed New York regulations for traders that accept bitcoins, as well as those that store them, were announced (BitLicense). This announcement happened on July 17th, yet the Bitcoin value remained stable until July 20th. Why did the market not act on....
Cryptocurrency exchanges are fundamental infrastructure elements that play an important role in the cryptocurrency market ecosystem. Like other significant projects, exchanges and exchange protocols have their own native cryptocurrencies, which are used within the ecosystem of the exchange’s products, and can also reflect their financial status. In July, the KCS cryptocurrency — the native token of the KuCoin cryptocurrency exchange — turned out to be the best performing asset compared to its competitors. The KuCoin (KCS) exchange token was trading at $7.36 at the beginning of the month. A....
Bitcoin had a blast in July, along with major cryptocurrencies which achieved their best production in the last month. During the month of July, Bitcoin grew by around a quarter and briefly touching the elusive $24,000 mark, while Ethereum grew by close to 50 percent and traded for around $1,700. Despite the Federal Reserve’s decision to raise […]
Bitcoin price decline is on the cards again and, with it, the question: "Where will it end?" A week ago, the market-wide sense had been that a consolidation similar to late-May's pre-launch contraction was developing - only to shatter at the last moment. The analysis below (Bitstamp charts throughout) outlines target levels to the downside and considers a wave pattern analysis as pointer to where the market might be heading. Update - Wednesday 30 July. Price has made a new low at $560 by throwing under the purple channel and immediately jumping back inside it. A new channel (blue) has....