Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May
Crypto markets strike out on their own as May comes to a close — but not in the direction that anyone hoped for. Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewStocks correlation offers no comfort to BTC bullsData from Cointelegraph Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history.Already at a dubious record, Bitcoin's weekly chart closes provided the backdrop to weakness that....
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SOL was slightly higher on Tuesday, as prices rebounded following recent declines. The token bounced on its long-term support point earlier today, as bulls entered the market. MATIC also moved higher, colliding with its own price ceiling.
Solana (SOL)
SOL was trading marginally higher in today’s session, as prices rebounded following a four-day losing streak.
This streak was snapped as bulls entered the market close to a support point of $32.65, pushing prices away from recent lows.
Tuesday’s rally saw SOL/USD hit an intraday peak of $35.64,....
The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish. Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history.After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday.The bullish momentum did not stop there, with the pair climbing through the night into June 6 to reach multi-day highs.The price action provides some long-awaited relief....
The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the global hashrate coasts along at an all-time high of 140 exahash per second (EH/s). As of today, October 1, 2020, bitcoin (BTC) has closed above the $10,000 price range for 66 straight days. The last time BTC saw the price stay above $10k consecutively was on December 1, 2017, when the crypto asset posted a record 62-day streak. Coin market capitalization web....
As the market ushers in another week of trading, the price of Ethereum has been struggling to hold above $1,100. This coveted point which it had broken last week remains an important technical level, which is why bulls continue to fight to hold it. However, with the decline of the digital asset’s price below $$1,200, its liquidations have been ramping up and in the last four hours, it had briefly surpassed bitcoin as more traders lose their positions. Over $30 Million Ethereum Liquidated Ethereum liquidations shot past bitcoin liquidations as its price continued to decline. In the last 24....