After Black Tuesday, Bitcoin Price, Altcoins Showing Signs Of Recovery
It was a very negative beginning of the week for cryptocurrency holders as the entire market experienced a significant decline in price. August 1 is near. Market analysts have come up with different factors to be behind this significant decline in Bitcoin and altcoin price. Ironically, this comes immediately after the G20 summit in Hamburg where reference was made to digital currency as an important technology in the global economic transition. Also of note is that the community is nearing an important date of August 1 when Bitcoin is expected to make its most crucial decision since....
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The majority of altcoins dropped sharply Tuesday, while Bitcoin surged ahead on reports major exchange Poloniex was unable to cope with the demand. As multiple altcoins shot up in price over the past two weeks, trading activity has increased with them. Poloniex, which deals with many of the most popular assets, began showing signs of strain over the past 24 hours. On social media, users were complaining about lag in trading and price data, transactions failing to complete and the site even failing to load altogether. Panic selling thereafter has put major pressure on all the altcoins in....
Altcoins, after three years of a bear market, are lagging far behind Bitcoin in terms of overall recovery. Ethereum, XRP, and several others are still more than 50% away or more from their all-time highs, while Bitcoin inches closer to revisiting its. Bitcoin is undeniably bullish, but altcoins are currently showing indecision in more ways […]
Bitcoin has been stable in the time following its $13,800 rejection, with bulls gaining some momentum as the cryptocurrency flashes continued signs of strength Although it is not showing any overt signs of weakness at the moment, altcoins have been capitulating throughout the past few days and weeks, with many posting immense losses Analysts are now noting that altcoins may be in the process of forming mid-term bottoms One trader is noting that downside on […]
Altcoins have seen some immense selling pressure throughout the past few days and weeks, bleeding against their USD and BTC trading pairs Bitcoin’s immense strength – which has allowed it to surmount $15,000 – is showing no signs of ending anytime soon Although this seems to be overtly positive for the crypto market as a whole, it is important to note that most altcoins have been plunging in value in tandem Some analysts are speculating […]
Bitcoin price started a fresh increase from the $11,260 low against the US Dollar. BTC must settle above $11,600 to continue higher towards $11,800 and $12,000. Bitcoin is showing a few positive signs above the $11,450 and $11,500 levels. The price is currently facing hurdles near $11,560, but it is above the 100 hourly simple […]