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Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.

Continue ReadingBitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.

Continue ReadingBitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3

The bearish outlook appears also as Cardano's daily relative strength index (RSI) reflects overbought sentiments. However, euphoria surrounding Cardano's smart contracts launch and its mild correlation with Bitcoin keeps the…

Continue ReadingCardano chalks a bearish wedge as ADA price soars by over 100% in Q3

XRP chart triggers sell-off warning after price explodes by 54% in one week

XRP price has bounced back from its July lows but some indicators are starting to suggest that the rally is due for a pullback.

Continue ReadingXRP chart triggers sell-off warning after price explodes by 54% in one week