Price analysis 6/19: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC
The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins. Go to Source Powered by WPeMatico
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Crypto investment products experience outflows for 9th consecutive week
Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon. Go to Source Powered by WPeMatico
Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?
U.S. stock markets hit year-to-date highs, the Fed pauses rate hikes, Binance.US and the SEC reach an agreement, but data shows Bitcoin bulls remain somewhat skittish. Go to Source Powered by WPeMatico
Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?
Bitcoin price is showing some strength, and charts suggest BNB, LTC, OKB and QNT could follow? Go to Source Powered by WPeMatico
3 key Ethereum price metrics point to growing resistance at the $1,750 level
Ethereum price looks poised for additional downside as low as the $1,560 level. Go to Source Powered by WPeMatico
Price analysis 6/16: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT
Bitcoin has reclaimed the $26,000 level, but will large cap altcoins follow BTC’s rebound? Go to Source Powered by WPeMatico
Fed pauses interest rates, but Bitcoin options data still points to BTC price downside
Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible. Go to Source Powered by WPeMatico
Here’s what happened in crypto today
Crypto prices have yet to react to the Fed decision to temporarily halt rate hikes; meanwhile, the S&P 500 steamrolled to a new 13-month high. Go to Source Powered by WPeMatico
Price analysis 6/14: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT
The entire crypto market awaits the result of todays Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside. Go to Source Powered by WPeMatico
Why Bitcoin’s resistance to retesting the $25K support could be futile
Bitcoin price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable according to derivatives data. Go to Source Powered by WPeMatico