The bitcoin weekend has begun on a sad note. Around $600 wiped in about 15 minutes! That sets the market tone for the next 48 hours. Bitcoin is now recovering from an intraday low of $9,402, now up by a mere 1 percent. But its likelihood of continuing its corrective downtrend is higher thanks to…
Despite being one of the most influential blockchain projects out there, Ethereum has been unable to impress investors in 2019. The second-largest cryptocurrency by market cap is down more than 26 percent in July. And regardless of an impressive YTD return of 60 percent, it remained dwarfed before bitcoin, whose yearly returns are almost triple…
Tron is staring at the abyss right in the face. The twelfth largest cryptocurrency by market cap is looking to slip into a bottomless area of trading. Having crashed by almost 75 percent from its 2019 top against bitcoin, Tron appears weaker in its knees to jump back. Data on CoinStats, one of the best…
US Treasury Secretary Steven Mnuchin is the new Nouriel Roubini for bitcoin enthusiasts. The comparison borrows fat from the White House official’s string of verbal attacks on the cryptocurrency. Last week, he called bitcoin “a national security threat,” sending it down by as much as 16 percent in just 12 hours. And then, Mnuchin appeared…
The Stellar (XLM) price is looking stellar on an intraday basis. The XLM-to-dollar exchange rate has surged by more than 9 percent in the last 24 hours. As of 10:10 UTC yesterday, the pair had established $0.09 as intraday peak. While the pair slipped later, it retained an overall bullish sentiment. The move upward closely…
The Tron (TRX) market stepped into light on Wednesday as investors’ confident in the cryptocurrency returned. The world’s twelfth biggest blockchain asset posted two consecutively sessions in green until Thursday. Ahead of the close, the TRX/BTC exchange rate had established 247 sats as its intraday peak, up 14.88 percent from its local swing low, shows…
The price of bitcoin fell below the $9,500 level soon after US lawmakers questioned Facebook executive David Marcus on its cryptocurrency plans. The BTC/USD exchange rate established a fresh intraday low of $9,426.61, down 13.17 percent from the market open. The downside price action brought the pair 31.94 percent lower from its year-to-date high of…
The price of bitcoin surged by more than $2,000 on Wednesday, reiterating the faith that bulls didn’t exactly leave the market. As of 0630 UTC today, the BTC/USD exchange rate had corrected downwards by more than 3.5 percent from the day open. The pair established an intraday low of $11,674 right upon testing the $12,000…
The price of bitcoin on Tuesday was almost 30 percent down from its year-to-date peak of $13,868.44. The BTC/USD exchange rate established a new intraday low at $9822.59, down 9.46 percent according to CoinStats’ cryptocurrency portfolio management app. The move downward brought the bitcoin’s market capitalization to circa $174.15 billion. At its 30-day high, the…
