Key Reasons Why Bitcoin Could Nosedive Below $10,000 In Near-Term
Bitcoin price failed to correct higher and declined further below $10,200 against the US Dollar. BTC remains at a risk of more downsides below the $10,000 support. Bitcoin broke the $10,250 and $10,200 support levels to move further into a bearish zone. The price is now trading below $10,300 and the 100 hourly simple moving […]
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Bitcoin saw a nosedive that caused it to erase all of yesterday afternoon’s gains as a result of the intense selling pressure around $13,800 This level marks the cryptocurrency’s 2019 highs, and a continued bout of trading at this level could confirm this as a local top It is important to note that BTC has found support above $13,200, which is a positive sign suggesting that upside is imminent The resistance here isn’t the only […]
According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today’s statistics stemming from cryptoslam.io, during the last seven days,....
Ripple is struggling to stay above the key $0.2600 support against the US Dollar. XRP price could nosedive if there is a close below $0.2600 and $0.2550. Ripple is showing a few bearish signs below the $0.2750 and $0.2800 resistance levels against the US dollar. The price is testing the $0.2600 support and it is […]
Ethereum has been taking a beating throughout the past few days as all eyes closely watch Bitcoin The crypto has been severely underperforming BTC as of late, with the benchmark digital asset seeing a sharp rise in market dominance as altcoins stagnate This could be due to ETH and other alts lagging, which would indicate that a sharp move higher is imminent in the near-term One analyst is noting that a reclaim of $410 is […]
Weakness across markets means fresh bad news for Bitcoin, with analysts struggling to find any positive news. Bitcoin (BTC) lost bullish momentum at the June 1 Wall Street open as United States equities faced another day of retracement.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewZooming out, "nothing" has changedData from Cointelegraph Markets Pro and TradingView captured a sharp U-turn for BTC/USD at the start of trading, $1,600 in three hours.At the time of writing, the pair traded at around $30,400, giving back the past days' gains.For Cointelegraph contributor Michaël....