Tags : reasons

Bitcoin

Calls for Bitcoin Breakout Above $50,000 Grow; 3 Reasons Why

A recent runup in the Bitcoin market has prompted many analysts to see BTC/USD pair closing above $50,000 in the coming daily sessions. The market strategists see the pair doing extensively well despite the sell-off that crashed its prices by more than 21 percent last week—its worst weekly performance since March 2020. This renewed optimism […]Read More

Market

3 Reasons Why Bitcoin’s Price Just Fell by $3K

Bitcoin saw a significant drop early on Monday, soon after it had looked primed for a convincing move above $50,000.  The top cryptocurrency slipped from nearly $49,000 to $45,926 during the early Asian hours and was last seen changing hands near $47,790 – down 1.8% on the day, according to CoinDesk 20 data.  The decline […]Read More

Market

Ethereum’s Road to $2K: 3 Reasons to Be Bullish

Ethereum, the second-largest cryptocurrency by market capitalization, set a new all-time high of $1,439.33. This is the first time the digital asset has been over the $1,400 level since Jan. 13, 2018. Ethereum’s YTD gains now total 66.15% – over 6x higher than the leading cryptocurrency and outstripping both Polkadot (DOT) and Chainlink (LINK). Despite […]Read More

Bitcoin

3 Reasons Why Bitcoin Could Retest $40,000 All Over Again

Bitcoin remained under a selling pressure this Thursday as its price fell by another 1.5 percent. The benchmark cryptocurrency touched an intraday low of $34,200, making a higher high after falling below the key $34,000-support level in the previous session. Its plunge majorly appeared due to profit-taking sentiment among traders and investors primarily after the […]Read More

Bitcoin

3 Reasons Why Bitcoin Price Crashed by More Than $11,000

Bitcoin suffered a major price crash during the weekend and on Monday after securing a milestone high of $41,986. The flagship cryptocurrency shed more than $11,000, or roughly 29 percent, in just three days of trading to hit a session low just shy of $30,000. Its plunge also trimmed roughly $205 billion off its market […]Read More

Bitcoin

3 Reasons Why Bitcoin Could Retrace Back to $34,000 This

Bitcoin dived by as much as 16.33 percent on Monday, almost inching closer to log its worst single-day performance since March 202o. However, the benchmark cryptocurrency narrowly escaped the bearish assault on favorable buying bias near its intraday low of $27,678. Bitcoin continues its corrective trend lower after hitting a record high on Sunday. Source: […]Read More

Bitcoin

3 Reasons Why Bitcoin Could Hit $30,000 by New Year

Bitcoin has become a tirelessly bullish asset. The benchmark cryptocurrency logged yet another record high on Sunday, hitting $28,387 as traders/investors measured its strength against the US dollar, the global reserve currency that has plunged by more than 12 percent from its mid-March top. At least, that is the popular narrative so far. But bulls […]Read More

Altcoin

3 Reasons Why XRP is Unlikely to Benefit From Ongoing

Despite the fact that all eyes have been on Bitcoin as of late, the hype around a rally in XRP and other altcoins has grown over the past few weeks. After all, Ethereum has embarked on an extremely strong rally against BTC over the past few weeks, retaking support level after support level on the […]Read More

Cryptocurrency

3 reasons Litecoin is up 54% in 1 week, outperforming

In the past seven days, the Litecoin price has increased by over 60%. It is the best-performing cryptocurrency in the past week, outperforming both Bitcoin and decentralized finance (DeFi) tokens. There are three major reasons why Litecoin has been rallying in tandem with Bitcoin. The reasons are a breakout against BTC, the historical relevance of […]Read More