It has been an incredibly bullish week for XRP, the cryptocurrency managed by leading blockchain startup Ripple. The price of XRP is now up over 56% in the past week, surging over 30% in the last 24 hours alone. This run-up has been driven by speculation from a series of announcements made by Ripple. This includes […]
SludgeFeed
Bitcoin (BTC) Price Coiled: Short Interest Remains Near All-Time Highs
Bitcoin bears have not been phased by the recent weeks of relative price stability, as short interest on Bitfinex has remained near all-time highs for the better part of the last two months. The next major fundamental event that should provide direction to Bitcoin is the September 30 SEC decision to allow or deny the listing of the Cboe […]
SludgeFeed
Bitcoin Price Takes a $200 Tumble After Eight-Day Highs
Despite a $ 200 pullback from eight-day highs today, bitcoin’s recovery looks intact on technical charts.
CoinDesk
Bitcoin (BTC) and Ethereum (ETH) Short Interest Hit All-Time Highs
While the cryptocurrency market has stopped falling and is currently trading relatively flat, many investors see more pain to come as the short interest for both Bitcoin (BTC) and Ethereum (ETH) have recently reached all-time highs. After being turned away at the $ 7,400 mark, Bitcoin fell rapidly and is currently trading just shy of $ 6,500 […]
SludgeFeed
5 Top Altcoins Trading Closest to All-Time Highs
With many cryptocurrencies are currently trading at an 80-90% discount from their January highs, it can be difficult to determine which will actually recover and which will disappear altogether. While looking for the greatest discounts relative to previous and future value is undoubtedly a strong investment technique, the cryptocurrency market might make you look for the […]
SludgeFeed
Bitcoin Price Analysis: Head-and-Shoulders Reversal Pushes New Highs
In our previous discussion, a strong possibility for a retest of the low volume spring was noted as the market was beginning the early stages of an inverted head-and-shoulders (H/S) reversal (sometimes called a head-and-shoulders bottom). A couple days ago, shortly after testing the left shoulder of the head-and-shoulders reversal (H/S), the market reacted strongly and the price jumped several hundred dollars:
Figure 1: BTC-USD, 1-Day Candles, H/S Bottom
So Long, All-Time Highs? Goldman Sachs Says Crypto Peaks Have Been And Gone
Goldman Sachs head of global investment research Steve Strongin has pronounced the eventual death of all but “a handful” of cryptocurrencies as prices rebound.
‘Most, If Not All’ Coins Have Peaked – Goldman’s Strongin
In a note widely circulated among naysayers in the mainstream press such as Russia Today, Strongin took a harder line than CEO Lloyd Blankfein and even JPMorgan CEO Jamie Dimon, going on record to forecast that “most, if not all, will never see their recent peaks again.”
Bitcoin has led a fresh resurgence in the price of the vast majority of crypto assets this week as positive signs from a US regulatory meeting Tuesday fueled a return to confidence in their prospects.
REKT! Bitcoin Forks Lose Up To 99% Versus Highs, Bitcoin Holds At 69%
Bitcoin may have dropped in price, but its losses are far below many altcoin assets as forks Bitcoin Cash and Bitcoin Gold hemorrhage value.
Grim Reading For Bitcoin Forks
In an analysis of 63 top cryptocurrencies by market cap, one online commentator drew attention to overall retraction of prices versus their all-time highs.
Bitcoin came in 52nd on the list, having dropped 69% as of Tuesday. Bitcoin Cash had fallen a giant 82% to reach number 16, while Bitcoin Gold fared even worse, losing 85% to occupy 6th position.