Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections, and low trading volumes threaten the current recovery. The continuous story for the recent months in the digital currency market has been disarray on whether Bitcoin (BTC) is bound for another leg down or is at last prepared […]
3 Altcoins Whose Tweet Volume Spiked Before a Robust Rally are as follows:- On Crypto Twitter, a surge of attention directed at a coin often follows significant price movements. Typically, exciting assets attract traders’ attention and dominate Twitter discussions, creating positive feedback loops that further drive the momentum. This phenomenon was evident with some
China’s Role in the 2021 Cryptocurrency Crash In June 2021, Bitcoin’s value dipped below $30,000 for the first time since January, after reaching an all-time high of nearly $65,000 earlier in the year. While Elon Musk’s tweets contributed to this price plunge, another significant factor was China’s crackdown on digital currencies. Historical Stance on Cryptocurrencies
Bitcoin is once again trading below $35,000 following a 5% sell-off from the $36,550 resistance level overnight. The world’s largest cryptocurrency remains in a short to medium-term uptrend from $30,000, having formed consecutive higher highs and higher lows. However, if Bitcoin starts to close four-hour candles below $33,800, it could break the previous lower high
The digital money market (Cryptocurrency) wound up in a condition of mindful good faith on June 28 get-togethers’ (BTC) cost momentarily spiked above $35,500, recharging trusts that the bull pattern will continue in a matter of seconds. In spite of the bullish move, a few examiners have cautioned that the inability to get an