Market visualization from Coin360 Bitcoin (BTC) has taken an over 11 percent negative hit, trading around $6,449 to press time, bringing its monthly losses to almost 25 percent.
The leading cryptocurrency has now fallen below what some commentators consider to be an average BTC mining profitability threshold of $6,500.
Aside from hardware costs, the local cost of electricity supplies is the other key factor affecting miners’ profits.
Bitcoin price chart from Cointelegraph’s Bitcoin Price Index As of press time, Coinmarketcap data indicates 24-hour BTC trading volumes of $4.8 bln, up from their intra-weekly low of $3.8 bln.
Top altcoin Ethereum (ETH) has fallen over 10 percent in the 24 hour period, trading around $475 to press time.
BNB may retest support below $500.
Its futures open interest has fallen by over 20% in the past two weeks.
Binance Coin [BNB] may decline below the $500 price mark as its price attempts toThe post Is BNB set for a slide below $500? Key indicators point to market shift appeared first on AMBCrypto.
Bitcoin is still struggling below $41,500 against the US Dollar. BTC remains at a risk of more downsides below the $39,000 support zone. Bitcoin is showing bearish signs below the $40,500 and $41,500.
Key Points Bitcoin price failed to recover above the $6,750 and $6,800 resistance levels against the US Dollar. There is a key bearish trend line formed with resistance at $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Bitcoin Price Key Highlights Bitcoin is down to a major support zone visible on the long-term chart and a breakdown could lead to a test of $4,000. If bears still take price below the next long-term bottom, a move towards $2,000 could come next.
Key Highlights ETH price declined further and failed to hold the $500. 00 handle against the US Dollar. This week’s followed important bearish trend line acted as a barrier near $540 on the hourly chart of ETH/USD (data feed via Kraken).
In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle. ” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern.
It’s clear that holding coins in your portfolio is a “painful” thing right now. Before last week, we were bullish. However, following June 10 events and a consequent 15 percent Ethereum value erosion within 24 hours, there has been a calibration.
Key Highlights ETH price declined sharply and traded below the $540 support area against the US Dollar. There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD (data feed via Kraken).
There is always good money to be made with cryptocurrencies and digital assets. While the current overall market momentum might not necessarily warrant much optimism, there are numerous price gaps affecting a lot of different markets right now.
Not a day goes by without healthy arbitrage opportunities popping up in the cryptocurrency and digital asset world. While most of the price differences may seem minimal, all of these small profits will eventually add up to some extra money.
During the weekends, there are a few different money making opportunities where cryptocurrencies are concerned. It has become more than apparent the fight to make money is still in full effect. With arbitrage trading, the following six options present some very appealing options at this time.
Making money in the world of cryptocurrency is always a challenging process. Considering how these markets tend to fluctuate on a nearly hourly basis, there are many different options to explore.
As a new year dawns upon the cryptocurrency industry, making money will remain a top priority for most traders and enthusiasts. Arbitrage trading, whether direct or triangular, will remain a good way to do so under any circumstance.
Not a day goes by in the cryptocurrency world without arbitrage opportunities. That is one of the many reasons why this industry remains so impressive and interesting at all times. The following opportunities will let users pocket some decent profits along the way, depending on overall platform liquidity.
Not a day goes by in the cryptocurrency without some alternative money-making methods rearing their head. Arbitrage opportunities, while requiring a bit of manual labor, are often one of the better ways to make money in this industry at all times.