Over the past few years, we’ve seen Bitcoin change from a spot trading-only market to one dominated by derivatives — evidenced by the investor activity seen on BitMEX, Deribit, the CME, Bakkt, and other crypto derivatives platforms. Indeed, the lifetime aggregate volume on BitMEX’s XBT swap future recently surmounted $2 trillion, and the CME has been registering hundreds of millions of dollars worth of Bitcoin futures trades each and every day. Related Reading: Why an Analyst…

Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000. Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar. The price is approaching the $9,000 support and remains at a risk of more losses. There is a major bearish trend line forming with resistance near $9,420 on…

Ethereum is down close to 10% and it broke the key $255 support area against the US Dollar. ETH price might continue to slide, but the $230 and $225 levels are likely to provide support. Ethereum is declining heavily and it recently broke the $255 and $250 support levels against the US Dollar. The price is now trading near the $235 level, with key supports near the $230 area. There was a break below a major…

Ripple started a strong decline after it broke the $0.2600 support area against the US Dollar. XRP price is currently down 10% and it is likely to extend losses below $0.2400. Ripple price is plunging and it recently tumbled below the $0.2500 support against the US dollar. The price is trading close to the $0.2400 support, below which there could be another slide. There was a break below a major declining channel with support near $0.2470…

Sorry bulls. On Tuesday, the cryptocurrency market continued to trend lower. XRP had it especially tough, posting the second-worst performance in the top ten digital assets of 6%, only underperforming Tezos. While the asset is already down to $0.255, per data from CoinMarketCap — 25% lower than the ~$0.342 high seen just 10 or so days ago — a few analysts claim that XRP’s prospects are only looking harrowing from here, citing a number of technical…

I’ve said it once and I’ll say it again: Bulls really can’t catch a break. Over the past few hours, Bitcoin has continued to tank, building on the drop to $9,300 that already transpired on Tuesday morning. As of the time of writing this, the leading cryptocurrency is trading for $9,125, down 4% in the past 24 hours and 13.5% below the $10,550 high seen around ten or so days ago, per data from CoinMarketCap. This…

Bitcoin’s recent price action has done tremendous damage to the bullish market structure that the cryptocurrency was able to form throughout the past couple of months, with many analysts now noting that the crypto could be poised for significantly further downside. One top analyst is now noting that one technical indicator that spells trouble for where the benchmark cryptocurrency is going next is its funding rate on major margin trading platforms. If BTC begins a notable…

2020 has been a great year for Ethereum, with the cryptocurrency incurring a significant amount of bullishness that ultimately resulted in a parabolic movement earlier this month that led ETH to rally to highs of $290. In the time following its retrace from these highs, bulls were able to support the cryptocurrency and absorb the intense selling pressure that ETH was facing, allowing it to dodge much of the losses that Bitcoin and other major altcoins…

Warren Buffett is back in the crypto news this week. The billionaire investor says he already gave the Bitcoin gifted him earlier this month by Justin Sun to charity. Buffet still maintains that Bitcoin is worthless because it behaves differently to a stock in a company. Naturally, many have come quickly to Bitcoin’s defense. It’s No Surprise that Buffet’s Off the Mark When it Comes to Bitcoin, Says Pompliano Earlier this month, NewsBTC reported on Warren Buffett’s…

Bitcoin (BTC) has seen some intense selling pressure over the past several days, with its recent flash crash from $10,200 to lows of $9,200 doing damage to the cryptocurrency’s technical strength, subsequently sparking what appears to be a short-term downtrend. This downtrend was further confirmed when the cryptocurrency faced a swift rejection at $10,000 this past Sunday, with its subsequent price action favoring sellers. One top Bitcoin trader who is historically bullish recently offered a grave…