Bitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance (defi), citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result. Ethereum also slipped following yesterday’s rebound, with…
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Bitcoin price declined sharply below the $19,500 support zone. BTC found support near the key $18,500 zone. It is currently (11:00 UTC) correcting losses and facing resistance near the $19,300 level. Similarly, most major altcoins are slowly correcting losses. ETH tested the main $1,255 support and recovered above $1,280. XRP spiked below $0.42 before the…
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Bitcoin price attempted a strong increase above the $20,000 resistance zone. BTC failed and declined sharply below $19,000. It is currently (03:10 UTC) showing bearish signs, but it is testing a major support at $18,500. Similarly, most major altcoins started a steady decline. ETH broke the $1,300 support and declined to $1,265. XRP is down…
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Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level.…
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According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that “Bitcoin’s environmental footprint is more nuanced and complex” and because of complexity issues it…
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Bitcoin price started a steady increase above the $19,500 resistance. BTC is currently (11:00 UTC) up over 5% and there was a move above $20,000. The previous resistance at $19,500 might now act as a strong support. Similarly, most major altcoins are slowly moving higher. ETH is up 5% and is approaching the $1,400 resistance…
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Bitcoin price started a steady increase above the $19,500 resistance. BTC is currently (03:10 UTC) showing bullish signs above $19,500. If the bulls remain in action, the price could surge towards the $20,500 level. Similarly, most major altcoins are eyeing a decent increase. ETH is showing positive signs above the $1,350 resistance. XRP is correcting…
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Bitcoin price slowly moved higher above the $19,000 resistance. BTC is currently (11:10 UTC) consolidating above the $19,000 level. It seems like the price might start a fresh increase if it stays above the $19,000 zone. Besides, most major altcoins are facing hurdles. ETH a key bearish trend line, but it is struggling to gain…
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Bitcoin started the week trading below $19,000, as recent economic pressures continued to weigh on cryptocurrency markets. The token fell lower in today’s session, as market sentiment remained bearish following last week’s rate hikes by the U.S. Federal Reserve. Ethereum was also lower, falling below $1,300. Bitcoin Bitcoin (BTC) slipped below $19,000 to start the…
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Bitcoin price managed to stay above the key $18,500 support. BTC is currently (03:10 UTC) consolidating near the $19,000 level. To start a fresh increase, the bulls need to gain strength for a move above the $19,500 resistance zone. Similarly, most major altcoins are trading in a range. ETH corrected lower, but the bulls were…
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