Why One Analyst Claims This Latest Ethereum Selloff is an Ideal Buying Opport...
Ethereum and the entire crypto market saw a sharp downturn, with Bitcoin plunging by over 10% while ETH declined towards $500 This selling pressure has been quite intense and may continue hampering the cryptocurrency in the near-term Where it trends in the near-term will depend largely on whether or not bulls can stop it from breaking below $500 A decline beneath this level would strike a serious blow to the cryptocurrency’s technical outlook The coming […]
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Bitcoin has come a long way from where it was just under one year ago, with the March 12th selloff sending the cryptocurrency to lows of $3,800 – from which point it has seen exponential upside growth. One analyst is now noting that BTC’s days seeing sharp selloff events like this one are over, with its […]
Ethereum has flashed signs of immense strength despite a fleeting overnight selloff This recent decline came about in tandem with that seen by the rest of the crypto market Bitcoin plunged below $18,000 before posting a “V-shaped” recovery and rallying significantly higher This recovery also helped lead ETH higher, with the cryptocurrency rapidly navigating back up to where it has been trading throughout the past couple of days Its recent strength and unwavering uptrend indicate […]
A crypto analyst claimed that staking Bitcoin within exchanges allows them to sell it to someone else; Cointelegraph reached out to the platforms for more info. Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC on exchanges is also a factor for price dips.Rufas Kamau, research and markets analyst at Scope Markets Kenya, explained his thoughts on how keeping BTC on an exchange lowers coin price. Kamau believes that buying BTC on exchanges only amounts to buying an "I Owe You" (IOU) which he....
It has been a turbulent past day for the crypto markets, with Ethereum and most other major digital assets all seeing intense selloffs yesterday Bitcoin was able to avoid seeing any intense decline, with buyers ardently defending its price from breaking below $23,000 The buying pressure here has proven to be quite intense and may continue bolstering its price action for the days and weeks to come One analyst is also noting that its mid-term […]
Ethereum has been showing tremendous signs of strength as it begins moving in lockstep with Bitcoin Despite seeing a selloff on the first day that Bitcoin started rallying, ETH quickly reshaped its previously close correlation with BTC and began surging This surge led its price all the way up to highs of $420 yesterday, which is where it found some slight resistance One analyst believes that this resistance will be swiftly surmounted in the near-term […]