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Cryptocurrency technical analysis: cryptocurrency assets began the rally
Cryptocurrency technical analysis: cryptocurrency assets began the rally
Top crypto assets have been in an uptrend this week. One of the reasons for the growth was the positive dynamics in the US stock market. This was facilitated by the decision of the US Federal Reserve to continue the asset repurchase program in current volumes until March 2021. In addition, a number of news has influenced the digital asset market.
Cryptocurrency technical analysis: cryptocurrency assets began the rally
Cryptocurrency technical analysis: cryptocurrency assets began the rally
Top crypto assets have been in an uptrend this week. One of the reasons for the growth was the positive dynamics in the US stock market. This was facilitated by the decision of the US Federal Reserve to continue the asset repurchase program in current volumes until March 2021. In addition, a number of news has influenced the digital asset market.
Cryptocurrency technical analysis: bears drive the crypto market movement
Cryptocurrency technical analysis: bears drive the crypto market movement
The negative sentiment continues to reign in the crypto asset market, as indicated by technical and fundamental analyzes. Thus, the drop in demand for many top altcoins caused by the bitcoin correction has already led to the fact that the bears have reached many targets located in the support area. At the same time, several interesting events took place on the crypto market over the past working week.
Bitcoin Cash and Bitcoin SV are on the verge of extinction: how is 2020 going for Bitcoin forks
Bitcoin Cash and Bitcoin SV are on the verge of extinction: how is 2020 going for Bitcoin forks
The most popular forks of the Bitcoin network - Bitcoin Cash (BCH) and Bitcoin SV (BSV) - are getting cheaper most of 2020, while their parent has grown by a third since the beginning of the year. At the same time, the halving in the networks of both altcoins, which took place in early April, did not have a positive impact on the dynamics of the BCH and BSV quotes, and the miners switched their equipment to mining more profitable coins. But is it time to put an end to these projects?
Cryptocurrency technical analysis: neutral market dynamics before a powerful movement
Cryptocurrency technical analysis: neutral market dynamics before a powerful movement
This week, most stock market assets showed a neutral movement, which did not give investors clear signals about the need to take bull or bear positions. This trend was reflected in the cryptocurrency market. So, bitcoin continues to move below the key level of $10,000 and is unlikely to overcome it in the coming days. At the same time, it is worth noting a number of positive factors for the development of the price dynamics of crypto assets. Experts from one of the largest US banks, JPMorgan, presented a review according to which in March, bitcoin successfully passed its first stress test “mostly positive”.