Market Update

XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD

Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll.In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020

If Bitcoin Hits $8K, What Will Happen Next?

Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed in on Bitcoin’s short term and long term future in Cointelegraph’s latest crypto market discussion video.Will Bitcoin Make it

Bitcoin Price Breaks $7K But Must Defend it to Avoid $5.2K — Analyst

Bitcoin (BTC) finally retook $7,000 on April 6 after days of posturing culminated in a sudden surge as the new week began.Cryptocurrency market daily overview. Source: Coin360BTC price exits $6K… againData from Coin360 and Cointelegraph Markets showed BTC/USD exiting the $6,000 range in a snap move which took markets to three-day highs of $7,080.While holding at press time, it remained to be seen whether Bitcoin could sustain support at $7,000, or whether the latest push would copy others from last week in fizzling in a matter of hours.Bitcoin 1-day price

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.Cryptocurrency market daily overview. Source: Coin360Vays: I’ll buy BTC at $6,400Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800.Bitcoin 1-day price chart. Source: Coin360Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish

Video: Blockchain.com’s Crypto Market Update — April

Today we’re excited to share the video recording of Blockchain.com’s Crypto Market Update discussion on April 2nd, 2020 between our Co-founder, Nic Cary, and Head of Research, Dr. Garrick Hileman.In the webinar, they cover:Price: what gold price in 2008–2011 may say about BTC?On-chain data: hashrate drop & upcoming halveningHistory: doesn’t always repeat, but often rhymesCOVID-19: winners & losersQ&A from attendeesWatch the full recording now on our YouTube. Source: https://medium.com/blockchain/video-blockchain-coms-crypto-market-update-april-bd3362feb32c?source=rss----8ac49aa8fe03---4

Bitcoin Price Fills $6.6K CME Gap as Technical Metrics Flip Bullish

Bitcoin (BTC) delivered few surprises on April 1 as steadier trading conditions prevailed for a third day and volume remained low.Cryptocurrency market daily overview. Source: Coin360BTC price shoots to plug futures gapData from Coin360 and Cointelegraph Markets painted a decidedly lackluster April Fool’s Day 2020 for Bitcoin, which since March 30 had traded in a narrower corridor between $6,100 and $6,600.Compared with volatility earlier March, conditions were a relief for traders, while compared with the same time last year, the overall picture remained less enthusiastic.As Cointelegraph reported at the time,