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Archive for June 2020

Bitcoin Braces for Turbulent Week Ahead: Three Reasons Why

Bitcoin fell 0.31 percent in the early Monday session. The cryptocurrency’s plunge followed a similar downside move in the S&P 500, validating its growing correlation with the U.S. index. It now awaits a bumpier weekly session ahead as investors measure the resurgence of virus cases in the U.S. against critical economic reports releasing this week.…

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Fund Managers Double Down on Anti-Ethereum Sentiment: Here’s Why

Ethereum, the network not the cryptocurrency, has seen an eruption in adoption and usage over recent weeks. Blockchain analytics firm Santiment reported that the number of new addresses on the network is passing 100,000 per day. This is slightly shy of the 116,000 per day year-to-date high but still impressive. Santiment further explained: “Ethereum’s network growth…

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Ethereum Narrowly Avoids a Breakdown; Here are the Levels to Watch

Ethereum and the entire cryptocurrency market faced some turbulence yesterday as Bitcoin declined beneath its range lows of $9,000 This movement proved to be short-lived, as the buying pressure found here quickly propelled the cryptocurrency back up into its long-held trading range Although this hasn’t provided the markets with any clear direction, it did allow…

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