A short term trend reversal for bitcoin has become increasingly unlikely for bitcoin following a 5% drop in less than three days. Since October 1, the bitcoin price has fallen from $8,532 to $8,100 against the U.S. dollar. Technical analysts anticipated a relief rally to key resistance levels found at around $9,000 as bitcoin initially…
Despite the recovery of the bitcoin price by $700 in the past 48 hours, traders like DonAlt expect a deeper correction in the short term. The bitcoin price dropped to the $7,000 region twice in the past week, dipping to as low as $7,688 on September 30. While bitcoin attempted to break above important support…
The price of gold was under pressure Friday, extending a weeklong slump that saw the U.S. dollar rise to multi-year highs against a basket of currencies. Gold Tumbles; Silver Follows Futures on December gold delivery reached a session low of $1,493.30, putting them on track for their lowest settlement in over a month. The contract…
Stockbroker, financial commentator, and gold proponent Peter Schiff’s disdain for bitcoin is well known. The gold bug hasn’t held back in his criticism of the flagship cryptocurrency, calling it a “Ponzi Scheme” earlier this year. He now seems to be taking sadistic pleasure as the price of bitcoin is crashing, and he is rubbing it…
The Ethereum price (ETH), which recorded arguably its strongest rally in 2019 from September 7 to 19 fell by nearly 33 percent within a five-day span against the U.S. dollar as the cryptocurrency market corrected. Following a strong rally, the Ethereum price dropped by more than 30 percent against the USD as the cryptocurrency market…
In a move that wasn’t entirely unexpected, the Bitcoin price has plunged below $10,000 in a breakdown that started around 1 PM UTC this morning. The quick dump liquidated approximately $150 million in long positions on BitMEX. Everyone’s Bitcoin Price Triangle To say that this morning’s dump was not unexpected is to understate the current…
After a blistering six months, gold has assumed a choppy posture in recent weeks. | Image: ShutterstockAfter a sharp rally at the start of the week, the price of gold drifted lower on Tuesday, as risk-off traders shifted their focus to an upcoming meeting of the Federal Reserve.Gold, Silver Drift LowerPrecious metals were down across…
Gold’s price rallies back above $1,500 a troy ounce on Monday. | Image: Shutterstock Gold’s price staged a large relief rally on Monday, as investors’ risk appetite soured following the latest developments in the Middle East. Dow futures also fell sharply ahead of the opening bell in New York, mirroring a subdued market for stocks.…
Gold’s yearlong rally took a pause this week, as risk appetite lowered demand for haven assets. | Image: Shutterstock Gold’s yearlong surge took a pause this week, as investors exited risk-off assets in favor of stocks on the belief that the United States and China are inching toward a new trade agreement. The yellow metal…
Bitcoin hasn’t made good on its recent gains after retreating near $10,000 over the weekend. | Source: ShutterstockThe bitcoin price has dropped from $10,599 to $10,090 in the past 24 hours, retesting the $10,000 support level again merely seven days after BTC recovered from the $9,000 region.The bitcoin price (BTC) is down by more than…
