Bitcoin plunged to a two-week low on Monday, falling as much as 11.4% to $31,735. The flagship crypto has been highly volatile, as it has dropped more than 20% in the last six days and is almost half the price of its April high of nearly $65,000. The token’s price pattern on the charts has …
Crypto analyst Benjamin Cowen is weighing in on one bearish indicator that has caught the attention of Bitcoin bulls. In a new strategy session, Cowen takes a look at the “death cross,” or the crossing of BTC’s 50-day moving average below the 200-day moving average. The event is usually seen by many traders as a […]
The cryptocurrency market is back in red, with coins posting minor losses across the board. Bitcoin hit a barrier slightly above $41,000, curtailing the bid for gains toward $50,000. Meanwhile, Ethereum failed to break the hurdle at $2,650, settling for the short-term support at $2,500. On the other hand, Ripple is stuck in the range
Why ZRX? Major advantages/features ZRX – 0x is a blockchain exchange protocol that’s decentralized, making it possible for a P2P – Peer-to-peer exchange of cryptos on the Ethereum blockchain. The ZRX protocol does this by streamlining trading using off-chain orders via smart contracts on the Ethereum blockchain. Unlike other DEXs that carry out transactions on-chain,
Why REN? Major advantages/features Ren is a blockchain interoperability platform that supports the transfer of cryptocurrencies between different distributed ledger platforms in a trustless manner, without a centralized third party or custodial. Staring off in the early days as a service that allows for settling trustless OTC trades, the Ren protocol shifted its focus to
Ethereum’s gas fee turning the lowest on June 06 has created a huge rallying environment for ETH. Norton, the world-leaning anti-virus software, has been making rounds at countering crypto mining issues. Norton announced plans to launch Ethereum mining software. The idea behind this announcement is to create a safer means for trying crypto mining. The …
Crypto YouTuber Lark Davis points out that Bitcoin is headed for a death cross “unless something changes soon.” At the current trajectory, the bearish technical pattern will occur in mid-June.
Usually, while carrying out a technical analysis of a cryptocurrency, EMA is always taken into consideration. Exponential Moving Average abbreviated as EMA, is the basic technical indicators used to determine the price movements. The average value during a certain period of time is considered. Well, how worth paying attention to the EMA? One of the …
Another on-chain metric says the BTC risk is the highest in three years as the price trading well above the $58K and it is on a bullish impulse. The prices are expected to reach hundreds of thousands per coin but a few deny this possibility. However, it might come sooner than investors think so let’s […]