Cryptocurrencies / Page 18

Crypto markets stabilize but contagion fears loom – Cryptocurrency News

Posted on November 17, 2022 at 8:47 am GMT

Undoubtedly, last week was a turbulent one for cryptocurrencies as the bankruptcy of the second largest crypto exchange in the world, FTX, rattled investor sentiment towards digital assets. Even though prices of major coins have stabilized this week on hopes that the fallout from FTX’s collapse could be contained, more and more crypto-related firms are suspending their operations. In the face of a capitulation, investors are urging governments to regulate cryptocurrency transactions. Is it too late? What happened with FTX? [..]

Technical Analysis – BTCUSD plunges to 2-year low amid crypto market turmoil

Posted on November 10, 2022 at 2:56 pm GMT

BTCUSD (Bitcoin) has fallen sharply in the last couple of sessions on news that one of the largest crypto exchanges, FTX, is on the brink of default. The king of cryptocurrencies recorded a fresh two-year low of 15,620 before recouping a small part of its losses. The short-term oscillators are indicating that bearish forces have taken total control. Specifically, the RSI has exited the oversold zone but remains well below its 50-neutral mark, while the MACD histogram is retreating further beneath zero and [..]

Bitcoin remarkably stable despite high stock market volatility – Cryptocurrency News

Posted on November 1, 2022 at 4:36 pm GMT

Bitcoin and most major altcoins had been trading within a very tight range since early September amid a constantly deteriorating macro backdrop that has severely weighed on traditional-asset markets. Last week though was a relatively good one for cryptos as they gained on the back of improving risk sentiment and a broader equity market rally, which lifted their prices above the upper limits of their recent sideways patterns. On another front, the ongoing earnings season has endorsed the narrative of [..]

Technical Analysis – BTCUSD jumps above 50-day SMA but advance losses steam

Posted on October 28, 2022 at 12:47 pm GMT

BTCUSD (Bitcoin) has been in a downtrend after the price failed to surpass the 25,200 region in mid-August. Although the king of cryptocurrencies has been trading within a tight range in the past month, it broke its sideways pattern to the upside and crossed above its 50-day simple moving average (SMA). The momentum indicators suggest that bullish forces are subsiding. Specifically, the MACD histogram is weakening above zero and its red signal line, while the RSI is declining but remains [..]

Technical Analysis – ETHUSD rangebound after decline pauses

Posted on October 21, 2022 at 9:47 am GMT

ETHUSD has been trending downwards since mid-August when the price failed to surpass the 2,030 mark. Even though Ethereum experienced an acceleration of its decline following the successful completion of the Merge in mid-September, it has been trading within a tight range during the past month. The momentum indicators currently suggest that near-term risks remain tilted to the downside. Specifically, the RSI is declining beneath its 50-neutral mark, while the stochastic oscillator is descending after posting a bearish cross. Should selling pressures intensify, the [..]

Bitcoin consolidates below $20,000 as macro headwinds mount – Cryptocurrency News

Posted on September 30, 2022 at 1:37 pm GMT

During the past week, Bitcoin and most major altcoins have been trading within a range, exhibiting remarkable resilience amid increasing economic uncertainty and a broader stock market decline. What’s more, apart from signs of a weakening correlation with equities, Bitcoin also displayed some inflation hedging attributes after the pound’s collapse. Therefore, are cryptocurrencies slowly decoupling from traditional risky assets and becoming less susceptible to macroeconomic factors? Bitcoin on a wild ride Bitcoin struggled to find clear direction as September and the quarter drew to a close, trading within [..]

Technical Analysis – ETHUSD consolidates after decline pauses

Posted on September 29, 2022 at 2:03 pm GMT

ETHUSD has been trending downwards since mid-August when the price failed to surpass the 2,030 mark. Even though Ethereum experienced an acceleration of its decline following the successful completion of the Merge two weeks ago, it has been trading sideways in the last few daily sessions. The momentum indicators currently suggest that the negative forces are waning but continue to hold the upper hand. Specifically, the MACD histogram is found above its red signal line but in the negative territory, while the stochastic [..]

Bitcoin erases post-FOMC drop; correlation with stocks breaks – Cryptocurrency News

Posted on September 23, 2022 at 12:35 pm GMT

On Wednesday, Bitcoin and most altcoins plummeted but did not approach their 2022 lows, after the Fed proceeded with the widely expected third consecutive 75 basis points rate hike and signaled a more aggressive tightening path. Surprisingly, cryptocurrencies quickly bounced back and have already wiped off their losses as both Bitcoin and Ethereum snapped their four-day losing strike despite the sustained sell-off in major US equity indices. Was this a temporary divergence or is cryptocurrencies’ correlation with equities fading? Macro [..]

Technical Analysis – ETHUSD plummets despite successful Merge

Posted on September 21, 2022 at 2:12 pm GMT

ETHUSD (Ethereum) has been trending upwards since mid-June when its long-term decline ceased at the 2022 low of 880. Nevertheless, the cryptocurrency is experiencing a pullback in the last few daily sessions, even if its latest upgrade called ‘Merge’ was completed without any software downtime or complications last Wednesday. The momentum indicators have reached their oversold levels, endorsing the likelihood of a rebound. Specifically, the stochastic oscillator is flatlining within the 20- oversold area, while the RSI has hugged the [..]

Cryptos drop on hot US CPI print, Ethereum completes Merge – Cryptocurrency News

Posted on September 16, 2022 at 1:29 pm GMT

Crypto markets extended their losses on Friday as increasing fears of a recession coupled with expectations of a more aggressive tightening path by the Fed in its effort to get the high and sticky inflation under control, continue to undermine investor sentiment towards risky assets. In other news, Merge, the first of a series of upgrades in Ethereum’s blockchain was successfully completed without any software downtime or complications. Will the accelerating adoption and continued network improvements outweigh macroeconomic pressures in crypto [..]

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