Ethereum At $1020, Will It Fall Below $1000 Anytime Soon?
Ethereum plummeted over 8% in the last 24 hours as the crypto bloodbath continues. Bears are in control of the market as the coin is treading very close to the $1000 price level. The major sell-off has also affected Bitcoin massively as the crypto lost over 33% in the last week itself. This has also caused other market movers to dip severely on their respective charts. Ethereum lost its support at $1300 and now is eyeing $1000. Buyers have exited the market as the coin continued to remain exceedingly sold out. The global cryptocurrency market cap today is at $950 Billion with a fall of....
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Bitcoin price has scaled beyond the $1000 for the second time in 2017 and the first time in four weeks. The end of 2016 saw the cryptocurrency flirting with $1000 before scaling the mark come the new year. The Bitstamp Price Index (BPI) reveals bitcoin scaling the $1000 milestone at 16:30 (UTC) on Thursday and despite a brief dip shortly after, bitcoin was trading to the dollar at $1010 at the end of day. Momentum stuck through the early hours of Friday as price swelled further to register a high of $1022.6 at 06:30. Prices fell below the threshold again toward $998 before recovering near....
As regular readers of this column will realize, we have been discussing the $1020-1030 area for several weeks as a likely place to see a possible trading opportunity on the short side. Well, we are now there. Bitcoin price hit the top of the 5th square on a shorter-term setup on the daily chart. There are many reasons to justify going short here, but I tell you honestly, I just can’t bring myself to do it yet. For reasons visible on a 2-hour chart (not shown) I will consider shorting when/if we get a close below $1000. In the meantime, I closed my long position already. If we get a....
Coinbase has announced that its platform GDAX will not be supporting Ethereum Classic anytime soon. However, the company has kept its options open for the future. The unexpected rise of Ethereum Classic, the original Ethereum blockchain without a hard fork has got few leading cryptocurrency exchanges considering its implementation into their platforms. Poloniex became the first cryptocurrency exchange platform to include ETC support, with few more expected to do so soon. However, one platform that doesn’t want to jump into the ETC bandwagon right now is Coinbase. The leading US-based....
Shiba Inu’s latest rally has taken the coin to a profit of 1000% over the last month. Here’s how much money you would have made if you had invested $1000 during different points in SHIB’s history. Shiba Inu Is Up 1000% In The Last Thirty Days The entire crypto market has been rallying up this past month and many coins, including Bitcoin and Ethereum, have set new all-time highs (ATHs). But the most impressive of all has to be Shiba Inu’s rally that has taken the coin up 1000% over the last thirty days alone. The DOGE clone’s gains have been the talk around the....
It should no longer be a surprise that the price of Bitcoin hit $1000 this week on Japanese exchange Mt. Gox, but now, another exchange has creeped up to the $1000 mark. That's Bitstamp, of course. The exchange, which has always trailed a ways behind Mt. Gox (except for recently when the price between Mt. Gox and Bitstamp were nearly equal) is now in the 4 digits - which really reinforces just how valuable Bitcoin has become. The question is: will the $1000+ price keep it up?