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Bitcoin Will Confirm a Massive Bearish Distribution Pattern if it Breaks $8,600.

Bitcoin’s long-held consolidation phase came to an end yesterday evening when sellers pushed the benchmark cryptocurrency below $9,000 Although buyers stepped up and quickly defended against further losses, they have been unable to catalyze any type of sharp recovery It now appears that BTC is well positioned to see a notable decline in the days ahead as sellers target the key support at $8,600 If this level is broken below, a massive distribution pattern will […] origin »

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XRP Comeback: Triple Buy Signal Triggers For Ripple.

XRP, the native cryptocurrency of the Ripple protocol, has among one of the worst reputations in the crypto space, despite enjoying longevity in the top ten cryptocurrencies by market cap. Despite recent poor performance leading to the asset being knocked out of the number three spot, a trio of buy signals appearing on XRP price […] origin »

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Will XVG’s Increase Mirror That of ZIL?.

After breaking out from a long period of consolidation, ZIL increased by more than 400% in roughly a month. XVG’s recent price action suggests that it too could go on a similar run. Zilliqa (ZIL) In the period from April 30 to June 11, the ZIL price increased by 424%, reaching a high of 307 […] The post Will XVG’s Increase Mirror That of ZIL? appeared first on BeInCrypto. origin »

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Bitcoin Funding Rates Flip Negative as Sellers Build Momentum; What to Watch For.

Bitcoin has seen some intense turbulence throughout the past day, with the cryptocurrency losing the support it had at $9,400 before plummeting into the $8,000 region Buyers were able to guard against the massive influx of selling pressure, supporting it above $9,000 for most of the day The defense of the upper-$8,000 region has caused the crypto to form a double bottom seen while looking towards its RSI This indicates that the crypto could be […] origin »

Here's one reason why Bitcoin is still below $10K.

The price of the largest cryptocurrency, Bitcoin, has largely been restricted under $10k for over a month now, with the crypto noting strong resistance in this range. Ever since the fall in March, BitThe post Here's one reason why Bitcoin is still below $10K appeared first on AMBCrypto. origin »

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Two Altcoins That May Have Finished Correcting.

The prices of both ICON (ICX) and Hedera Hashgraph (HBAR) have been correcting over the past two months. While both have halted their decline, ICX is showing stronger signs of reversal. ICON (ICX) The ICX price has been declining since April 1, when it reached a high of 4265 satoshis. origin »

Ethereum gas usage hits ATH.

Over the past couple of months, Ethereum has witnessed strong network fundamentals indicating a positive sentiment as it neared its biggest transition. In another milestone for the coin, Ethereum gas The post Ethereum gas usage hits ATH appeared first on AMBCrypto. origin »

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Will Bitcoin Find Support at $9000?.

During the week of May 8-15, the Bitcoin (BTC) price decreased slightly while creating a small bearish weekly candlestick. Since this candlestick is following a price rejection from an important resistance area, this increases the chance that the price will continue decreasing in the long-term. origin »

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Ousted Bitmain Co-Founder Halts Antminer Shipments.

Reports are emerging from the People’s Republic of China that Bitcoin mining giant, Bitmain, is delaying shipments of the firm’s popular Antminer rigs. The news was revealed by the head of marketing at Hashkeyhub, Molly [@molllliy], on her Twitter account, citing a translation from Weibo, China’s leading microblogging portal. origin »

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South Korea Establishes Panel for CBDC Review.

South Korea’s central bank plans to conduct an in-depth review of the modalities required for issuing a central bank digital currency (CBDC). The news is the latest example of the country’s focus on digital innovation amid the backdrop of China’s advancement in the CBDC sphere. origin »

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Ethereum Fights to Hold on to Support.

The Ethereum/Bitcoin pair has been decreasing since reaching a high on May 30. The failure to break out above a significant resistance area and subsequent decline suggest that the price might have begun a correction. origin »

Kyberswap is now using Chainlink oracles for price feeds.

The decentralized and non-custodial exchange KyberSwap recently announced that it is using Chainlink Price Reference Data to update its asset prices. This allows users to utilize an on-chain oracle verification system to price assets whenever they are performing a token swap on the exchange. origin »

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