Price analysis: Bitcoin Price Falls 22%, BTC/USD Craters Below $50k
It is a sea of red for Bitcoin. In a low-level description of the current state of matters: Bitcoin is struggling.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
It is a sea of red for Bitcoin. In a low-level description of the current state of matters: Bitcoin is struggling.
After deep losses on Apr 18, the Ethereum price is stable, bouncing from $2k to spot rates, paring losses in the process.
XRP, the native currency of the XRPL, is on an absolute tear.
Bitcoin is at historic levels. Trading at over $62k, soaring to over $64.8k on Apr 14, is a testament demonstrating how crypto and blockchain have become
Among investors who helped raise $65 million for ConsenSys–the leading software development company developing Ethereum, was UBS, MasterCard, and JPMorgan.
For XRP/USD, a lot depends on the ongoing court case between the SEC and Ripple. The former alleges the latter illegally crowd-funded by selling illegal securities,
In a wave started and fueled by MicroStrategy, one of the U.S. richest real estate moguls, Rick Caruso, will begin holding Bitcoin in their balance sheets.
The Ethereum price is solid above $2k with hints that bulls will sustain prices above this psychological level in the medium term.
The ongoing lawsuit and SEC’s claims of classifying Ripple’s native currency, XRP, as a security temporarily shredded the coin’s valuation.
The Bitcoin price remains firm and fixed on an uptrend judging from events and price action in the last few days.
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