Tags : Correction

Market

Cardano price eyes $3, but ADA chart fractal hints at

Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, […]Read More

Bitcoin

A Bitcoin Correction Towards $55,000 Likely At The End of

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond yields undermined the dollar and prompted bitcoin’s climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower […]Read More

Bitcoin

Bitcoin Postpones Bearish Correction as Tesla Adds BTC Payment Option

An overnight price correction in the Bitcoin market after the Federal Reserve Chairman Jerome Powell’s testimony paused midway as Elon Musk came to the rescue. You can now buy a Tesla with Bitcoin — Elon Musk (@elonmusk) March 24, 2021 The celebrated billionaire entrepreneur announced early Wednesday that his company Tesla now accepts Bitcoin as […]Read More

Bitcoin

Bitcoin Correction Towards $40K Back in Focus as Rally Pauses

Bitcoin lost steam on Wednesday, pausing a bull run that had accelerated on the backs of Tesla’s $1.5 billion investment and optimism over a massive stimulus package in the United States. The benchmark cryptocurrency closed marginally higher by 0.14 percent on Tuesday, forming a Doji candle that shows an imminent bias conflict in the market. […]Read More

Ethereum

Analyst Expects Ethereum Correction as Key Indicator Peaks

Ethereum is down 7.5% in the past 24 hours as Bitcoin has begun to fall from its weekend peak. The leading cryptocurrency is currently under $600 for the first time in many days. Analysts fear a further correction is possible as Ethereum’s Stochastic relative strength index (RSI) has formed a near-term peak. Key Ethereum Indicator […]Read More