With Bitcoin’s fall below $10,000, the top performers of this week are witnessing profit booking. Bitcoin dropped below the psychologically important level of $10,000 on Feb. 15. This has dragged the crypto markets lower, whose market capitalization has dropped below $300 billion. Though Bitcoin has declined, its market dominance has risen from below 61% on…
Read more
It could be a good time to buy select cryptocurrencies as bulls have defended the critical support levels which shows demand at lower levels. Although sentiment drives prices in the short-term, fundamentals play a major role in determining long-term price action. However, many times, the price follows fundamentals higher with a lag. The crypto markets…
Read more
The top-performing cryptocurrencies are showing signs of profit booking at higher levels and this suggests the market is in a consolidation phase. The crypto space is taking a breather after the recent sharp run. However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000…
Read more
A few of the top 5 performers are showing promise and are likely to start an uptrend. Which are those? Let’s study the charts. The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset…
Read more
