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Within a 48-hour span, since December 5, the Bitcoin price has dropped from $ 3,913 to $ 3,678, by just about six percent. Other major cryptocurrencies like Ethereum (ETH) and Stellar (XLM) have declined by more than 10 percent in the past two days. The Ethereum price has dropped from $ 112 to $ 101 while the Stellar price
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Over the last 24 hours, the valuation of the crypto market has fallen from $ 185 billion to $ 181 billion, by around $ 4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $ 27 billion. The market extended losses throughout the past
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Chart for ADA/USD (1W)
Cardano (ADA) has finally broken a historical downtrend and started a new cycle. This is a major achievement for Cardano (ADA) considering its aggressive correction left a lot of investors clueless as to what might be the future of this project. Cardano (ADA) received a lot of hype last year which soon put it in the top 10 league. However, as we have seen in the past, usually after a correction, new projects replace old projects in terms of ranking. For instance, once overhyped coins like Stratis, Factom and Augur are not so hot anymore. In fact, most new cryptocurrency investors may have not even heard of them, but there was once a time when these cryptocurrencies were a part of every altcoin investor’s portfolio.
Litecoin (LTC) has never been this bullish in a long time. The above weekly chart for LTC/USD shows how persistently it bottomed out between August and October. In addition to that, Litecoin (LTC) has now found a solid support right next to its downtrend resistance. As the price of LTC/USD has now traded further down the triangle, it has thus become easier to breakout. Litecoin (LTC) has managed to remain below the 10 Week EMA for the most part.
Continue reading Litecoin (LTC) All Set To Finally Break Downtrend at Crypto Daily™.
Since falling from $ 7,400 to $ 6,300 on September 6, Bitcoin has stabilized in the $ 6,400 region, providing the crypto market with a small breathing room. Bitcoin has been fairly stable at $ 6,450 throughout the past 48 hours, recording a movement that has allowed tokens to minimize losses against BTC and other major cryptocurrencies. Still, Edward
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In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $ 7,000 resistance level, allowing the crypto market to add $ 8 billion to its valuation. Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the range of 7 to … Continued
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Bitcoin (BTC) has been in a constant downtrend for the last few weeks. The price crashed especially hard during the last few days. The price did break below $ 6,000, but contrary to expectations, the price found support at what was previously a downtrend resistance as can be seen on the BTC/USD daily chart above. The fall slowed down after Bitcoin (BTC) breached $ 6,000 but Bitcoin (BTC) was still expected to test the $ 5,800 support, which it didn’t.