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Cryptocurrencies

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Bitcoin gains on signs of inflation peak – Cryptocurrency News

Posted on August 11, 2022 at 3:28 pm GMT

Bitcoin and other major altcoins have bounced back from their 2022 lows and are currently extending their advance as the latest US CPI print reinforced expectations that the Fed could scale down its aggressive approach on monetary tightening later in the year. In other news, Ethereum’s outperformance against Bitcoin persists ahead of a landmark development for the former. Can the latest rebound in crypto markets last and put an end to the heavily discussed ‘crypto winter’? Crypto markets shine amid inflation easing On [..]

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Technical Analysis – BTCUSD extends advance, eyeing $25,000 mark

Posted on August 11, 2022 at 10:05 am GMT

BTCUSD has been in a steady uptrend since it managed to halt its long-term decline at the 2022 low of 17,588. Even though the price is currently standing above its 50-day simple moving average (SMA), endorsing a bullish short-term picture, the road to a complete recovery remains long. The short-term oscillators suggest a cautiously positive tone. Specifically, the MACD histogram is positive but below its red signal line, while the RSI is sloping upwards above its 50-neutral mark. Should buyers [..]

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Bitcoin holds above $23,000 key support – Cryptocurrency News

Posted on August 4, 2022 at 3:25 pm GMT

Bitcoin and other major altcoins have bounced back from their 2022 lows and remain comfortably above their recent support regions on signs that geopolitical tensions are fading combined with expectations that the Fed could scale down its monetary tightening later in the year.  This recent rebound has boosted investor sentiment, pushing the crypto Fear and Greed Index from extreme negative to negative for the first time since late April. Therefore, the question that lies ahead is whether crypto markets have [..]

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Bitcoin rebounds above $20,000 despite intensifying systemic woes – Cryptocurrency News

Posted on July 5, 2022 at 8:59 am GMT

Even though Bitcoin and most cryptocurrencies finished last week on the wrong foot, they quickly gained back some lost ground on Monday benefiting from a slight rebound in investor sentiment. The largest cryptocurrency by market capitalization reclaimed the crucial $20,000 psychological level but this recovery does not stem from any positive fundamental developments in the crypto space. The crypto Fear and Greed Index remains tilted in the extreme fear territory as markets remain short of convincing evidence that macro and [..]

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Technical Analysis – ETHUSD bounces off 18-month low but downside risks linger

Posted on June 30, 2022 at 11:28 am GMT

ETHUSD (Ethereum) has experienced a sharp sell-off since early June, generating a fresh 18-month low of 879. Although the cryptocurrency managed to partially rebound and recoup some of its losses, downside pressures have re-emerged. The momentum indicators are suggesting that bearish forces are in control. Specifically, the RSI is descending very close to the oversold zone, while the MACD histogram is slightly above its red signal line but remains in negative territory. Should selling interest intensify further, the price could encounter initial [..]

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Bitcoin exhibits weakness but holds above the 20,000 mark – Cryptocurrency News

Posted on June 28, 2022 at 11:05 am GMT

Bitcoin and other major altcoins have merely bounced back and remain comfortably above their recent lows on signs that inflation in the US is indeed cooling and the Fed might be able to scale down its monetary tightening later in the year. However, cryptocurrencies have started the week on the wrong foot as idiosyncratic risks stemming from within the crypto industry alongside the broader unfavorable macroeconomic conditions for risky assets continue to weigh on digital coins. The latest rangebound pattern observed in most [..]

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Technical Analysis – BTCUSD rangebound above 20,000 after decline halts

Posted on June 23, 2022 at 10:09 am GMT

BTCUSD (Bitcoin) has experienced a sharp sell-off since early June after its long-lasting sideways pattern was breached to the downside. Nevertheless, the king of cryptocurrencies has managed to bounce back slightly after it ceased its downfall at the 18-month low of 17,590. The short-term oscillators are indicating a bearish near-term bias. The MACD histogram is currently below both zero and its red signal line, while the RSI has just escaped from the oversold territory. Should the negative momentum strengthen, the [..]

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Bitcoin reclaims $20,000 after weekend bloodbath but downside risks linger – Cryptocurrency News

Posted on June 21, 2022 at 2:49 pm GMT

Last weekend, Bitcoin collapsed to $17,590, marking the first time ever that the king of cryptocurrencies has fallen below its previous cycle’s high. Moreover, Bitcoin is challenging its historical records as it is trading below its 200-week simple moving average (SMA), which was essentially the bottom of all its previous bear markets. Although monetary tightening and regulatory woes continue to undermine cryptocurrencies’ prospects, investors are increasingly tilting towards the idea that the market is currently hovering near its bottom. Does the recent [..]

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Technical Analysis – BTCUSD bounces off 18-month low but retains bearish outlook

Posted on June 16, 2022 at 11:13 am GMT

BTCUSD (Bitcoin) has been experiencing a sharp decline in the short-term after its long-lasting sideways pattern broke to the downside, generating a fresh 18-month low of 20,050. Moreover, the descending 50- and 200-day simple moving averages (SMAs) are endorsing the cryptocurrency’s  bearish technical picture. The short-term oscillators indicate a negative near-term bias. Specifically, the MACD histogram is beneath both zero and its red signal line, while the RSI has entered into its oversold area. Should selling pressure persist, the price [..]

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Bitcoin tumbles to 18-month low as persistent inflation terrorizes markets – Cryptocurrency News

Posted on June 14, 2022 at 12:42 pm GMT

The world’s largest cryptocurrency by market capitalization, Bitcoin, has been experiencing a vast sell-off since the beginning of the week, losing more than 25% before recovering some lost ground. Moreover, the broader crypto space has been following Bitcoin’s path amid increasing concerns over slowing global growth and a potential recession as major central banks tilt towards more aggressive tightening to combat rising inflation. In the last couple of days, two crypto trading platforms temporarily halted withdrawals and transfers, exacerbating the [..]

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