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Digital currency markets are coasting along after an enormous move on Friday of more than 20-40%. The entire cryptoconomy is hovering around $249 billion as it gained a whopping $30 billion very quickly this week. Crypto prices corrected a touch since the spike, but are still well above the lows seen just a few days […]
The post Market Update: Crypto Prices Hold Steady After Massive Bullish Spike appeared first on Bitcoin News.
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Digital currency markets have seen a strong price spike on Friday, adding billions to the overall market capitalization of the entire cryptoconomy. The surprise upward trend shows a few of the top-performing cryptocurrencies have gained between 10-20% in the last 24 hours. Also read: FATF Starts Checking How Well Countries Implement Crypto Standards Cryptocurrency Prices […]
The post Market Update: Crypto Prices Spike Significantly In a Matter of Minutes appeared first on Bitcoin News.
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Bitcoin has gained back the $200 it lost yesterday. At press time, the currency is trading for just under $7,100. Nothing huge, but that’s still better than yesterday’s “high” of $6,900. The major sentiment is that the alleged death cross has failed; bitcoin’s level of resistance has strengthened, and the low points are possibly over and done with. One source suggests that bitcoin’s ongoing slumps may finally be at an end, and recovery is on the way. Additionally, while the price has shown major vulnerabilities to newfound market trends and news stories, trading and popularity amongst cryptocurrencies in major hubsPowered by WPeMatico
Another drop is in the books, and bitcoin is hovering at a monthly low of approximately $7,400. While predictions remain relatively varied, some believe that bitcoin may be heading towards a “death cross,” and that the price could drop to new levels before any serious recovery is experienced. First and foremost, a death cross occurs when an asset’s short-term average sinks lower than its long-term average. Sadly, this has occurred with bitcoin, as the currency’s 50-day marker is now lower than its 200-day marker. The currency has been hit with multiple marketing and advertising bans from major internet players includingPowered by WPeMatico
The price of bitcoin has bounced off a recent low of $7,300 USD in recent days, with prices hovering testing resistance at $9,000 as of this writing. The majority of altcoin markets have bounced alongside BTC, indicating that the cryptocurrency markets still remain correlated to bitcoin. Also Read: Snowden Releases NSA Documents Showing Bitcoin Was “#1 […]
The post Markets Update: Bitcoin Back Testing $9,000 in Spite of ‘Death Cross’ FUD appeared first on Bitcoin News.
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