In the light of the last days’ Bitcoin rally, many are expecting Alts to make a strong push after bitcoin cools off. Every time bitcoin spiked, Altcoins suffered but then the inevitable happened. This is the scenario most of the crypto analysts see. Here it is what some crypto analysts say.
Bitcoin vs. Altcoins
Of course, many bitcoin maximalists will say that altcoins are not worth it but it is because of altcoins that many OG,s became rich in bitcoins. During the bear market, Altcoin holders suffered the biggest losses and maybe this time determines which altcoins will die.… Read the rest
Ethereum (ETH) changed hands above the $165 two days ago and now price is correcting near the $150 level. ETH/USD pair is actually consolidating and likely getting ready for the following move.
Ethereum price is following a bullish pattern where the resistance is becoming support.
ETH/USD is exchanging over a key bullish pattern at $155.
The price may stay at the 160-150 range before the next move.
After testing the $150 level Ethereum started a slight upward movement.
The price as of now is exchanging in a range close to the $160.00 level and it appears as though it is … Read the rest
Bitcoin price stabilized today after the sharp decline in the past few days. At the time of writing the bitcoin price is hovering above $4,600 mark.
The Bloomberg headline about bitcoin today was: “Jamie Dimon and Warren Buffett Have the Last Laugh on Bitcoin”
It is not worth linking to it for the low-quality coverage Bloomberg is doing for the crypto industry, just citing what Jamie Dimon and Warren Buffet think about Bitcoin.
Other media narrative these days was: “Regulators are cracking down”, “Cryptocurrencies are managed by communities of developers that can get messy”, “Governments could get into cryptocurrencies, and … Read the rest
Around $60 Billion has been wiped out from the overall crypto market cap in the last few days. Many experts think that with this decline the crypto market finally found the bottom or at least near it.
Characterized as a time of discouraged movement and feeling, the bear market has seen the price of bitcoin, the world’s biggest digital currency, decrease more than 75% from the ATH in December 2017. Since bitcoin makes up 50% of the whole market capitalization, it’s logic to state that the bear market may end when bitcoin bulls stop giving more ground to the bears.… Read the rest