Category: Prices

Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range. […]

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Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to […]

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Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day. Bitcoin’s Market Cap Sees $19 […]

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Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto

Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto

Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across […]

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Dogecoin’s Downward Slide: 2-Month Stats Show Meme-Based Crypto Is Down 76%

Dogecoin’s Downward Slide: 2-Month Stats Show Meme-Based Crypto Is Down 76%

The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies. However, in recent times the original dogecoin has faltered, and over the […]

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Cryptocurrency Trading Volumes Decreased 40% in June

Cryptocurrency Trading Volumes Decreased 40% in June

Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose […]

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Baby Doge Sheds Over 40% This Week Despite NASCAR Debut and Animal Shelter Donation

Baby Doge Sheds Over 40% This Week Despite NASCAR Debut and Animal Shelter Donation

The popular meme token baby doge has slid quite a bit in value even after the token’s image was plastered all over Brandonbilt Motorsports’ No. 68 Chevrolet Camaro at the NASCAR Xfinity Series in Atlanta this past weekend. On Monday, baby doge statistics show the coin has dropped 42% in value over the last seven […]

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248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump

248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump

Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, […]

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Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic

Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic

The price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days as the entire […]

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Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the […]

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