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Cryptocurrencies

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Bitcoin ends stellar Q1 on soft note as regulatory grip tightens – Cryptocurrency News

Posted on March 31, 2023 at 11:37 am GMT

Bitcoin is set to post its best quarterly performance since the first quarter of 2021, partially recovering from a bruising year in which crypto prices got crashed under the boot of global monetary tightening and high interest rates. The latest rally could be attributed to the turmoil in the financial sector, a softer dollar and increasing speculations of a Fed pivot. Nevertheless, the industry continues to suffer from systemic failures and frauds, which currently seem to have put a ceiling [..]

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Technical Analysis – XRPUSD jumps to fresh 10-month high

Posted on March 30, 2023 at 7:20 am GMT

XRPUSD (Ripple) exploded higher in the short term, posting a fresh 10-month high of 0.5844 before paring some gains. Moreover, the ascending 50-day simple moving average (SMA) is positively closing the gap with the 200-day SMA, where a potential golden cross may rejuvenate the advance. The momentum indicators currently suggest that the recent rally is overstretched  as both the RSI and the MACD histogram are coming down from their overbought territories. Should the pullback resume, the price could encounter initial support at the November resistance territory of [..]

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Bitcoin erases post-Fed slump but regulatory pressures mount – Cryptocurrency News

Posted on March 24, 2023 at 12:59 pm GMT

Bitcoin and crypto markets in general had a volatile but bullish week as the crucial Fed meeting on Wednesday provided investors with a renewed outlook on the monetary tightening path and broader economic conditions. Even though the turmoil in the banking sector seems to be subsiding and regulators continue to tighten their grip on cryptocurrencies, the digital asset sector remains more than resilient. Is this the beginning of a new bull market? Mixed signals from Fed During the past week, [..]

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Technical Analysis – ETHUSD consolidates after advance pauses

Posted on March 23, 2023 at 2:54 pm GMT

ETHUSD (Ethereum) has been in a steady uptrend since the beginning of the year, generating a fresh six-month high of 1,846 in mid-March. However, the digital asset experienced a minor pullback after reaching overbought conditions, with the price trading within a range for the past few daily sessions. The momentum indicators currently suggest that the bullish forces are subsiding. Specifically, MACD histogram has crossed below its red signal line but remains in the positive region, while the stochastic oscillator posted a [..]

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Bitcoin posts 9-month high amid turmoil in banking sector – Cryptocurrency News

Posted on March 17, 2023 at 12:52 pm GMT

Bitcoin and most major cryptocurrencies are set for their best weekly performance in 2023, piercing through key price zones amid a constantly changing macroeconomic backdrop, which currently seems to be favoring digital assets. The king of cryptocurrencies posted a fresh nine-month high on Friday and it is up more than 50% year-to-date despite the recurring failures of crypto-related firms and increasing regulatory oversight. Is this the beginning of a new bull market? Bitcoin gains as banking system trembles Bitcoin prices [..]

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Technical Analysis – ETHUSD retraces lower after posting fresh 6-month high

Posted on March 16, 2023 at 1:11 pm GMT

ETHUSD (Ethereum) experienced a significant correction after its 2023 rally stalled around the 1,740 zone in mid-February. However, the digital asset managed to stage a solid comeback, generating a fresh six-month high of 1,780 before paring some gains. The momentum indicators currently suggest that the bullish forces are in control. Specifically, the stochastic oscillator is ascending, while the RSI has flatlined above its 50-neutral mark. If the price edges higher, the recent six-month peak of 1,780 could act as initial resistance. Conquering this [..]

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Bitcoin dips below $20,000 amid mounting systemic and macroeconomic risks – Cryptocurrency News

Posted on March 10, 2023 at 12:57 pm GMT

Bitcoin has declined sharply in the past few days, dropping beneath the $20,000 threshold on Friday for the first time in nearly two months. This selloff is attributed to the fallout from the collapse of the crypto-friendly bank Silvergate, speculations over increased regulatory oversight and worsening macroeconomic conditions for risky assets. Are cryptos on the verge of shedding all their 2023 gains? Crypto space under severe pressure After a vibrant start to the year for digital assets, investors have been coming up [..]

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Technical Analysis – ETHUSD extends retreat below 50-day SMA

Posted on March 9, 2023 at 9:43 am GMT

ETHUSD (Ethereum) has staged a significant rally since the beginning of the year, posting a fresh five-month high of 1,740 in mid-February. However, the digital asset has come under pressure lately, with the price crossing below its 50-day simple moving average (SMA) for the first time since January 4. The momentum indicators currently suggest that the bearish forces are reigning supreme. Specifically, the stochastic oscillator is descending within its 20-oversold zone, while the RSI is ticking downwards below its 50-neutral mark. To the [..]

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Bitcoin slides as Silvergate jitters contaminate crypto markets – Cryptocurrency News

Posted on March 3, 2023 at 12:52 pm GMT

On Friday, the two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, declined more than 5% early in the Asian trading session as investors digested the fallout from a potential collapse of a US crypto-friendly bank called Silvergate. This event is added to the huge list of systemic failures that continue to negatively impact the cryptocurrency space. Is the 2023 rally in cryptos starting to fade? Another day at the office Bitcoin retreated to its lowest level in two weeks, [..]

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Technical Analysis – BTCUSD consolidates as advance pauses

Posted on February 23, 2023 at 2:33 pm GMT

BTCUSD (Bitcoin) has been trending upwards since the beginning of the year, posting a 10-month high of 25,250 on Tuesday. However, the king of cryptocurrencies seems to be lacking the necessary momentum to march higher and has been trading sideways for the past few daily sessions. The momentum indicators are depicting this loss of positive momentum for the digital asset. Specifically, the MACD histogram dropped beneath both zero and its red signal line, while the stochastic oscillator is sloping downwards [..]

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