Tag Archives: Drop

Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals

Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals

Bitcoin (BTC) may be struggling price-wise, but an array of analysts claim that from a fundamental perspective, the cryptocurrency is stronger than ever. And while headlines have focused on impending institutional involvement, whether it be through Bakkt, Fidelity, ErisX, or otherwise, little attention has been drawn to Bitcoin’s network statistics. Interestingly, however, the latter set of fundamentals is where the meat is, so to speak. Bitcoin Mining Ecosystem Leading crypto trader Thrillmex, who also goes by Rampage, recently took to Twitter to issue a breakdown of Bitcoin’s […]

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Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

Cryptocurrency Exchanges Targeted by Fake Photo Scam

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor. Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum, to see increased selling pressure in the near-term as these cryptocurrencies fail to break above their respective resistance levels. Ethereum and Litecoin May Soon See Further Losses At the time of writing, Ethereum […]

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Litecoin Led Last Week’s Crypto Market Surge, Will LTC Lead This Week’s Drop?

Litecoin Led Last Week's Crypto Market Surge, Will LTC Lead This Week's Drop?

Last Friday the crypto markets experienced an incredibly positive trading session that led Bitcoin, and many other cryptocurrencies, to surge 10% or more. This market move was led by Litecoin (LTC), which surged over 30% to erase several weeks of losses. Although Litecoin was the best performing crypto last week, it has led today’s market drop, and if it is unable to garner a significant amount of buying pressure in the near-term, it could lead the entire crypto markets to drop as the week goes on. Litecoin […]

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Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

The cryptocurrency markets are currently experiencing a relatively involatile day, with most major cryptos trading up or down marginally. Because Bitcoin has held support at $3,400, most cryptocurrencies, like Ethereum (ETH), are resting at, or slightly above, their support levels, which is leading many traders to express increased caution in entering any longs positions. Despite this, one prominent analyst sees Ethereum potentially gearing up for a price surge that could send it skyrocketing over 90% from its current prices. Ethereum Stable Above $100, May Drop to $90 […]

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Bitcoin Finds Little Buying Pressure at $3,400, Analyst Claims That BTC Is Likely to Drop Further

Bitcoin Finds Little Buying Pressure at $3,400, Analyst Claims That BTC Is Likely to Drop Further

After an extended period of sideways trading in the mid-to-upper $3,400 region, Bitcoin (BTC) has failed to break through its nearest resistance level at $3,500, which has led the cryptocurrency to drop to its support level at $3,400. Although BTC has yet to break decisively below this level, one analyst believes that the lack of buying pressure at this price point signals that further losses are to come in the near-future, and that Bitcoin must see increased adoption in order for it to see steady price gains. […]

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Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

As the crypto winter deepens with no sign of a recovery on the horizon contractions have been occurring across the industry. The two notable signs at the moment are shrinking exchange volumes and a drop in crypto related Twitter activity. Trade volumes across all of the major crypto exchanges have plummeted back to levels not seen since 2017. According to research by Diar, exchanges could be set to enter a new plateau as volatility dwindles and markets cool off. So far 2019 has been particularly quiet has […]

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TRX Drop 5.2% as Binance plan for Fiat Purchases

Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

Tron price is down 5.2 percent a few days after BTT launch Like CoinBase, Binance will soon allow Visa and MasterCard purchases Participation level shrink by more than half from 25 million to less than 15 million After days of impressive performance, TRX is now slowing down. It is down 5.2 percent at the time of writing. Even so, bulls have a chance as long as prices oscillate above 2.5 cents. Tron Price Analysis Fundamentals Binance, the largest cryptocurrency exchange by trading volume, will in days ahead […]

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After $10B Drop, Crypto Market Slightly Recovers: Why a Trader Expected Today’s Bounce

After $10B Drop, Crypto Market Slightly Recovers: Why a Trader Expected Today's Bounce

Following yesterday’s widespread crypto market plunge, most major cryptocurrencies have bounced slightly today, but they are still down significantly from where they were a week ago. The market’s recent volatility has led Tether, the largest stable coin by market cap, to briefly overtake EOS to be the fourth most valuable cryptocurrency by market capitalization. Today’s bounce in the markets was not unexpected, and many analysts had previously speculated that they were oversold. Analyst Expected Crypto Market to Bounce, Tether Climbs by Market Cap  Yesterday, most cryptocurrencies dropped […]

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Bitcoin Trades Flat Following Yesterday’s Drop, Where is BTC Heading Next?

Bitcoin Trades Flat Following Yesterday’s Drop, Where is BTC Heading Next?

After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region. Although this drop seemed significant, BTC has found support in the $3,400 region, and it is still holding steady well above its 2018 lows that are likely to act as a strong level of support if they are visited in the near-future. Bitcoin Holds Above Support Around $3,000 Last week, Bitcoin was caught in an incredibly […]

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Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop led most altcoins to break below their previously established support levels, which puts further losses in play in the near-term. Analysts: Ethereum Likely to Drop Further as Altcoins Sink Throughout the past […]

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