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Cryptocurrencies

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Cryptos leave devastating year behind, can they lick their wounds in 2023? – Cryptocurrency News

Posted on December 23, 2022 at 12:54 pm GMT

Undoubtedly, 2022 has been a turbulent year for Bitcoin and cryptocurrency markets in general as the combination of rising interest rates, persistently high inflation and liquidity draining shifted investor interest towards defensive assets. On top of that, the crypto space also suffered from an alarming number of systemic failures, which dented investor trust in the broader digital sector and raised calls for regulatory intervention. Can cryptocurrencies stage a considerable comeback in 2023? Monetary tightening weighed on cryptos Through 2022, a barrage [..]

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Technical Analysis – ETHUSD trades sideways but sets for ‘death cross’

Posted on December 21, 2022 at 2:26 pm GMT

ETHUSD (Ethereum) experienced a sharp decline in the four-hour chart, with the price falling below both its 50- and 200-period simple moving averages (SMAs). Even though the digital coin has been trading sideways in the last few sessions, the completion of the impending ‘death cross’ between its 50- and 200-period SMAs could spark a selloff. The momentum indicators suggest that near-term risks are tilted to the upside, diverging from the bearish ‘death cross’ signal. Specifically, the MACD histogram remains above [..]

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Bitcoin posts 1-month high after soft CPI print, systemic woes persist – Cryptocurrency News

Posted on December 14, 2022 at 2:22 pm GMT

After a month of consolidation within a tight range, Bitcoin managed to realize some gains on the back of the latest softer-than-expected US CPI reading. However, this positive development was partially overshadowed by a new wave of frauds and failures, which acted as a reminder that the contagion from FTX’s collapse has not been totally contained yet. Looking forward, today’s FOMC meeting could provide some fresh directional impetus for cryptos, while calls for regulatory intervention are multiplying. Cryptos move in [..]

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Technical Analysis – BTCUSD crawls above 17,000; bullish action limited

Posted on December 9, 2022 at 2:23 pm GMT

BTCUSD (Bitcoin) pierced through its simple moving averages (SMAs) for the first time since the start of November to crawl back above the 17,000 round level. While the weekly resistance of 17,380 seems to be a hurdle at the moment, and some weakness is evident in the RSI and the MACD, the indicators keep hanging within the bullish area, promoting a continuation higher. If that proves to be the case, the spotlight will shift towards the 38.2% Fibonacci retracement of [..]

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Crypto market wavers amid FTX’s bitter aftermath – Cryptocurrency News

Posted on December 9, 2022 at 12:44 pm GMT

While traders evaluate the bitter aftermath of the FTX’s fall, questions are rising about whether there is enough bullish incentive left to lift cryptos up again. Total healing might take some time as failures push for new limitations in the industry, though hopes for reduced risks in the future may keep some buyers interested.   Damaged sentiment The domino effects from FTX’s and Alameda Research’s collapse continued to undermine trust in digital-asset markets for another week, with Bitcoin and Ethereum tip toeing [..]

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Technical Analysis – LTCUSD completes golden cross but advance pauses

Posted on December 1, 2022 at 3:31 pm GMT

LTCUSD (Litecoin) experienced a massive decline in 2022, plummeting to a 25-month low of 40.30 in June. Even though the cryptocurrency managed to regain some ground after trading sideways for around five months, its rebound appears to have temporarily paused. The momentum indicators are endorsing a positive near-term tone. Specifically, the RSI is ascending above its neutral mark of 50, while the stochastic oscillator is approaching the overbought territory. Should buying pressures persist, the price could initially test the recent rejection region of [..]

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Bitcoin resilient as FTX contagion spreads further into crypto space – Cryptocurrency News

Posted on November 30, 2022 at 3:23 pm GMT

It has been another volatile week for crypto markets as the fallout from FTX’s collapse continues to rattle several crypto-related firms, increasing the broader uncertainty and undermining investor sentiment towards digital assets. Surprisingly, Bitcoin has been holding its ground and even realising some gains despite increasing systemic woes and deteriorating macro conditions.  Are cryptocurrencies slowly getting out of the woods? Knock-on effects persist FTX’s failure has sent shockwaves across the crypto universe, causing cascading blow-ups of several crypto-related companies. The [..]

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Technical Analysis – ETHUSD gains upside traction after hitting double-bottom

Posted on November 24, 2022 at 12:00 pm GMT

ETHUSD (Ethereum) has experienced a sharp decline in the short term, with the price testing its four-month low of 1,070 twice. However, the cryptocurrency managed to bounce back and recover some ground in the last couple of sessions. The momentum indicators currently reflect that negative risks are subsiding. Specifically, the MACD histogram has crossed above its red signal line but remains in the negative territory, while the stochastic oscillator is sloping upwards after posting a bullish cross. To the upside, bullish [..]

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Bitcoin reclaims $16,000 but FTX jitters haunt crypto markets – Cryptocurrency News

Posted on November 23, 2022 at 4:11 pm GMT

On Tuesday, Bitcoin bounced off its two-year low, hinting that the capitulation might have temporarily paused as the king of cryptocurrencies has been trading within the oversold territory for around two weeks. This rebound has been mostly attributed to ‘buy the dip’ strategies, with investors still being concerned about the health and robustness of the broader crypto ecosystem following FTX’s collapse. In the face of a complete market meltdown, investors are urging governments to tighten regulations. Could this rescue cryptos? Domino [..]

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Technical Analysis – ETHUSD rangebound after decline pauses

Posted on November 17, 2022 at 1:45 pm GMT

ETHUSD (Ethereum) has experienced a sharp decline in the short term, with the price hitting a fresh four-month low of 1,070. However, the cryptocurrency managed to recover some ground and has been trading sideways in the last few daily sessions. The momentum indicators currently reflect that near-term risks remain tilted to the downside. Specifically, the RSI is declining beneath its 50-neutral mark, while the stochastic oscillator is descending near its 20-oversold region. Should sellers push the price lower, immediate support [..]

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