Ethereum saw a slight overnight rally that allowed it to move back towards its resistance within the lower-$130 region. This movement came about in tandem with that seen by Bitcoin, which surged all the way up to highs of $6,700 before reeling back towards $6,000. This recent price action seems to confirm that ETH, BTC, and most other cryptocurrencies are currently caught within bouts of range-bound trading, as they may currently be seeking direction from the…

The cryptocurrency market has been in shambles ever since the coronavirus outbreak reached critical levels, however, the panic has been positive for the growth of stablecoins, which have grown by billions in market cap since the selloff first began a month ago. Stablecoins Provide the Only Flight to Safety Amidst Coronavirus Crisis The cryptocurrency market, like the stock market, precious metals, and basically any other asset across the world currently, are struggling to maintain valuations during…

It has been a rough few weeks for Bitcoin and the aggregated cryptocurrency market, with the recent turbulence within the traditional markets creating a downwards tailwind that has been too strong for cryptocurrencies to resist. In spite of this mid-term bearishness, it is important to note that Bitcoin has been able to find some stability within the $6,000 region, with bulls ardently defending against a drop below this region. One prominent analyst, however, is now noting…

Ethereum led the cryptocurrency market to enormous gains early in 2020 fresh on the heels of a booming DeFi industry, but concerns surrounding the coronavirus stopped the rally dead in its tracks. Since then, Ethereum has been falling, looking to establish a bottom and from there, a recovery. But before it does so, Elliott Wave Theory points to the asset crashing to as low as $50 before a final low is set. Early 2020 Rally Turns…

The beginning of 2020 was quite stressful for most cryptocurrency exchanges. On January 10, 2020, the 5th Anti Money Laundering (AML) Directive took effect. Some platforms announced their closure, while some threw all their strength into the struggle to meet the new requirements. This article will tell you how to win this battle. Foreword If you think we decided to write this article based on this directive alone, you are mistaken. February 2020 began with good…

During Bitcoin’s last bear market, after crypto investors were convinced a bottom was in, the asset later broke down to set a new low – a low that coincided with the previous cycle’s top. History often repeats itself, and with Bitcoin suddenly at prices, no one expected to see two years after a “bottom” was put in, a deeper fall to a previous peak cannot be ruled out. History Often Repeats, But Do Crypto Market Cycles?…

Bitcoin surged by almost 11 percent minutes after the US central bank committed to unlimited purchasing of US Treasuries mortgage-backed securities to help its struggling economy amidst Coronavirus pandemic. “The Federal Reserve is committed to using its full range of tools to support households, businesses, and the US economy overall in this challenging time,” the bank said in a statement. “While great uncertainty remains, it has become clear that our economy will face severe disruptions. “Aggressive efforts…

Bitcoin is down more than 5% and it broke the $6,000 support against the US Dollar. BTC price is now showing bearish signs and it could continue to move down. Bitcoin started a fresh decline after it failed to clear the $6,500 resistance against the US Dollar. The price is now trading below the $6,200 and $6,000 support levels. There is a key contracting triangle forming with support near $5,780 on the hourly chart of the…

Ripple is down more than 5% and it broke the $0.1550 support region against the US Dollar. However, XRP price is still trading nicely above the key $0.1450 and $0.1420 support levels. Ripple price started a fresh decline from the $0.1620 resistance area against the US dollar. The bears were able to push the price below the $0.1550 and $0.1500 support levels. There is a key bearish trend line forming with resistance near $0.1540 on the…

Ethereum failed to continue above the $138 and $140 resistance levels against the US Dollar. As a result, ETH price declined below $130 and it is now trading in a bearish zone. Ethereum is down more than 8% and it broke the $128 support against the US Dollar. There was a key breakdown noted after the price was rejected near the $140 area. There is a connecting bearish trend line forming with resistance near $129 on…