On May 19th, Ethereum (ETH/USD) suffered its biggest-ever one-day loss, sliding 47% before bouncing to finish the session lower by 28%. The following day, the recovery continued with a 14% rally. However, on the 21st, when the bulls were starting to get comfortable, ETH embarked on a three-day slide that wiped 40% from its value and ushered in two months of...
Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major price milestone. Against month-to-date gains of $600, the pair reclaimed the historic level it had lost in the dramatic trend reversal that rocked the cryptocurrency market roughly three months ago. In so doing, Ether broke out of its three-month...
The IOTA price rocketed higher as demand for the Internet of Things (IoT) cryptocurrency jumped. The coin rose to $1.7462, which was the highest level since May 19. This rally brought the total market capitalization of IOTA to more than $3.6 billion. What is IOTA and how does it work? IOTA is a blockchain project that was developed in 2018. It is a relatively...
Cryptoanalyst Michaël van de Poppe believes that a break out past $51k will result in further upside moves, stating in a Youtube update: “The moment that Bitcoin is breaking out of this $51,000 level, the chances are that we just get one vertical candle towards $58,000, or even $60,000,” He added that if this happens, Altcoins, which this week have gained...
after BTC hit a new high of $50,000 since March, we can see the market testing the support and resistance level. It received support at the 47040.0 level as the market remains bullish. We look forward to an uptrend as the market hopes to hit a new high.