BTC/USD: Market manipulations sabotage Bitcoin’s rally, the research shows
The malpractices are frequent in the industry of digital assets as many large exchanges for cryptocurrency derivatives are not regulated. Thus, according to Carol Alexander, Professor of Finance at the University of Sussex Business School, Seychelles-based BitMEX allowed its bots to drive the bitcoin price below $4,000 in the middle of March
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Ethereum Price Analysis: ETH/USD battling the massive resistance at $205 – Confluence Detector
According to the confluence tool, Ethereum is facing acute resistance at $203.51 - $205.62. This zone is the largest congestion of sellers and is highlighted by the 38.2% one-day, the previous low 4-hour, the Bollinger band 1-day middle, the previous high 15-minutes, the SMA 100 15-minutes, SMA five 4-hour, the previous high 4-hour and the Bollinger Band 1-hour upper curve among others. Following a break above this zone, bulls only need to overcome the hurdle at $207 to open the way for gains above $210.
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Ethereum Classic Price Analysis: ETC/USD may retest $7.00
Ethereum Classic retreated from Monday’s recovery high of $6.9 to trade at $6.72 at the time of writing. The coin has barely changed since this time on Monday and lost about 1.5% of its value since the beginning of Tuesday amid slow momentum on the cryptocurrency market. Ethereum Classic takes 19th place in the global cryptocurrency market with a total capitalization of $782 billion and an average daily trading volume $1.44 billion.
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Editors’ Picks
Shiba Inu could recover as it finds support around key level
Shiba Inu (SHIB) price hovers around $0.000021 on Tuesday after retesting and bouncing off from key support the previous day. Sideline investors looking to accumulate SHIB can do so at support levels from $0.000019 to $0.000021.
Bitcoin recovers after retesting $90K support
Bitcoin’s price recovers and trades at around $95,500 on Tuesday after dipping below $90,000 the previous day. The recent downturn at the start of the week has liquidated over $734 million in total liquidations, more than $152 million specifically in BTC.
Monero bulls remain strong, eyes double-digit gains
Monero price trades in the green, around $204.92 on Tuesday after holding its ascending trendline support the previous day. The technical outlook suggests a reversal ahead as XMR’s MACD indicator shows a bullish signal.
XRP sees high buying pressure as lawyer weighs in on SEC's appeal against Ripple
XRP's strong resilience against the wider crypto market decline was strengthened by increased buying activity across retail and institutional investors. SEC's delay in filing opening brief in appeal over Ripple vs SEC ruling is a normal occurrence in litigation processes.
Bitcoin: Room for a recovery or continuation of the pullback?
Bitcoin’s price slightly recovers and trades around $94,700 on Friday after declining nearly 6% earlier this week. US Bitcoin spot Exchange Traded Funds data shows signs of mild recovery, with a total net inflow of $462.2 million until Thursday.
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