Crypto Market Update: Bulls Reverse Gains as Slight Downtrends Surface

2019-7-5 12:14

The market reopens in a rather bearish state, highs dwindle and lows go even lower, the intensity of the decline was more pronounced in the last 24hrs. Although stability in the market at that time would have led to multiple price breakouts which would include Bitcoin and a handful of other altcoins.

Despite this delay, the market is swiftly moving in a path of recovery with slight gains. Bitcoin is currently increasing in market value with over 4.84% in gains. 

Bitcoin

Over the last 24hrs, Bitcoin neared the $12000 area but took a reverse back to the higher end of $11,000 mark. Bitcoin with more than 6% increase in volume hit a daily all-time high of $11,968 and lowered momentum to $10,818.

The coin closed impressively at $11,961. At press time, the trading price is moving steadily from $11,773 to nearest resistance levels. The possibility of a breakout in price should be expected within the next 24hrs. With the help of an increased trading volume, a $12,000 breakout is likely to happen.

The bears still remain very present in the Altcoin market. Tokens and coins are also experiencing a slight decline. At the time of this writing, ETH and XRP are on the lower side of the spectrum, with 0.41% and 1.52% decline respectively according to CoinGecko, both altcoins struggle to stay afloat. Meanwhile, ETH could hit the $300 valuation if a correction in price occurs within the next 24hrs. 

On the other hand, Litecoin, BCH, and EOS have fortunately attained fair gains, well enough to fuel these altcoins climb to an increased trading price. With 1.38%, 1.24% and 0.26% in gains, these altcoins narrowly escape the bears.

However, a major breakout in price is not likely to occur, instead, stability is what is being maintained so far. Tezos XTZ and Maker MKR have also been on the path to stability, with Maker trading at $651, resistance levels of $690 to $700 might soon be surpassed.

The post Crypto Market Update: Bulls Reverse Gains as Slight Downtrends Surface appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bulls crypto surface update gains slight

Источник: zycrypto.com

market bulls → Результатов: 126


Фото:

John McAfee Predicts Bitcoin Bull Market Coming, Comparable to Volcanic Eruption

One thing that distinguishes the antivirus millionaire and prominent cryptocurrency voice John McAfee from others is that he never stops peddling his agenda. With over 800,000 followers on Twitter, a spotted past, and a bid to become US president in the making, the cybersecurity expert and one of the staunchest crypto bulls is back to making […] John McAfee Predicts Bitcoin Bull Market Coming, Comparable to Volcanic Eruption was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-18 15:49


Фото:

CNBC ‘Fast Money’ Sees Bitcoin Bulls And Bears All In One Segment

In today’s segment of CNBC ‘Fast Money’, the hosts took a look at the current state of Bitcoin, pointing out signals and what they mean for the market going forward. Bitcoin Sees Interest Decline, Is That A Problem? The cryptocurrency market saw an astonishing 2017, with the industry quickly becoming the talk of the town […] The post CNBC ‘Fast Money’ Sees Bitcoin Bulls And Bears All In One Segment appeared first on Ethereum World News.

2018-7-12 06:16


Фото:

Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

2018-7-1 19:35


Фото:

Crypto Future Bleak Unless Investors Change

Just over a month ago, this writer posted an article that mooted the strong possibility of a trillion-dollar crypto market. At the time, the bulls were firmly behind the wheel. Under rosy skies Reddit’s co-founder predicted $20,000 bitcoin sometime this year; there were promising signs that Ethereum’s developers were successfully addressing some of the scalability issues […] The post Crypto Future Bleak Unless Investors Change appeared first on Crypto Briefing.

2018-6-19 19:14


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin price: Here’s why QCP Capital expects BTC run to $74k

Bitcoin surges past $66k after US CPI data triggers buyside pressure Here’s why QCP Capital analysts say BTC could run to $74k Bitcoin price surged past the $66,000 mark on Thursday to hit highs last seen in April amid a fresh dose of bullish sentiment.

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

dYdX founder Antonio Juliano steps down as CEO

Juliano steps down as dYdX CEO, Crnkovic-Rubsamen takes over. The transition marks Juliano’s move to Chairman and President roles. dYdX experiences surge in activity amid market rebound. In a significant leadership transition within the crypto space, Antonio Juliano, the founder and long-time CEO of dYdX, has announced his decision to step down from his role.