Both Ether and Dash are trading little changed compared to last week. Back then ETH/BTC was quoted at 0.03138 BTC and now it’s trading at 0.03172 BTC, a change of only 1 percent. Dash is quoted at 0.02853 BTC, up from 0.02822 BTC last week, or a gain of only 1 percent again.
Ether Little Changed
As noted above, ETH/BTC hasn’t moved much this week. The trend on the daily chart is still down but caution should be exercised. We’re already over two months into this downtrend and in the last 36 days the pair dropped by close to 50 percent before stabilizing somewhat. This makes the risk/reward ratio unattractive for shorts at these levels.
Read more: https://blog.fxopen.com/ether-dash-up-1-percent/
Topic: Cryptocurrency Analytics from FXOpen - page 18. (Read 42505 times)
It has been an uneventful seven days for bitcoin and litecoin. Both coins are trading not far from where they were during our update last week.
Bitcoin Little Changed
Bitcoin is trading little changed compared to last Tuesday. We are quoted at $6,255 dollars right now, a drop of only $43 or just under 1 percent. As you can see on the chart below, during the past ten days we’ve been trading in a tight range between $6,100 and $6,600 dollars.
Read more: https://blog.fxopen.com/litecoin-bounces-at-support-trend-down/
Bitcoin Little Changed
Bitcoin is trading little changed compared to last Tuesday. We are quoted at $6,255 dollars right now, a drop of only $43 or just under 1 percent. As you can see on the chart below, during the past ten days we’ve been trading in a tight range between $6,100 and $6,600 dollars.
Read more: https://blog.fxopen.com/litecoin-bounces-at-support-trend-down/
Dash is bucking the general downtrend in altcoin prices. While ETH made new yearly lows, Dash is now in rally mode vs BTC.
Ether Hits New 2018 Lows
On Wednesday ETH/BTC hit a new 2018 low at 0.02620 BTC. The represents a loss of 48% from the 0.05052 BTC price recorded only one month ago. In USD terms ETH hit a low of $167 dollars on September 12th before bouncing. We are currently quoted at 0.03138 BTC, around 20 percent off the lows.
Read more: https://blog.fxopen.com/dash-bucks-crypto-downtrend/
Ether Hits New 2018 Lows
On Wednesday ETH/BTC hit a new 2018 low at 0.02620 BTC. The represents a loss of 48% from the 0.05052 BTC price recorded only one month ago. In USD terms ETH hit a low of $167 dollars on September 12th before bouncing. We are currently quoted at 0.03138 BTC, around 20 percent off the lows.
Read more: https://blog.fxopen.com/dash-bucks-crypto-downtrend/
The crash of bitcoin that started on September 5th abruptly ended the rally. In the span of 16 hours BTC lost almost 15 percent of its value, falling from $7,381 to a low of $6,294 dollars. Most cryptos followed suit, with Litecoin declining by close to 21% during the same time period.
Bitcoin Drops by 15 Percent
As noted above BTC/USD dropped by close to 15 percent in the span of 16 hours. The crash started around midday on September 5th from $7,381 dollars, a low of $6,294 dollars was hit in the morning on September 6th. From here we stabilized a bit but two days later a new low of $6,116 dollars was made. Some pinned the selling on news that Goldman Sachs will not open a crypto trading desk anytime soon. However this seems like too small of a catalyst for such a large market over-reaction. We are currently quoted at $6,298 dollars per coin.
Read more: https://blog.fxopen.com/crypto-back-in-range-after-15-crash/
Bitcoin Drops by 15 Percent
As noted above BTC/USD dropped by close to 15 percent in the span of 16 hours. The crash started around midday on September 5th from $7,381 dollars, a low of $6,294 dollars was hit in the morning on September 6th. From here we stabilized a bit but two days later a new low of $6,116 dollars was made. Some pinned the selling on news that Goldman Sachs will not open a crypto trading desk anytime soon. However this seems like too small of a catalyst for such a large market over-reaction. We are currently quoted at $6,298 dollars per coin.
Read more: https://blog.fxopen.com/crypto-back-in-range-after-15-crash/
After a slow but consistent rally during the past two weeks, both bitcoin and litecoin are now back in bullish territory.
Bitcoin Enters Bullish Territory
Bitcoin is quoted at $7,365 dollars right now, up by $1,060 dollars compared to two weeks ago. Back then one coin was selling for $6,305 dollars. In percentage terms this is a gain of close to 17 percent. The gains seem to be mostly a technical affair, as there were no major positive news during the past few weeks.
Read more: https://blog.fxopen.com/bitcoin-litecoin-enter-bullish-territory/
Bitcoin Enters Bullish Territory
Bitcoin is quoted at $7,365 dollars right now, up by $1,060 dollars compared to two weeks ago. Back then one coin was selling for $6,305 dollars. In percentage terms this is a gain of close to 17 percent. The gains seem to be mostly a technical affair, as there were no major positive news during the past few weeks.
Read more: https://blog.fxopen.com/bitcoin-litecoin-enter-bullish-territory/
Both bitcoin and litecoin are trading very close to where they were last week. Bitcoin is down by $25 dollars or 0.4 percent. Litecoin is trading lower by $1.04 dollars or 1.9 percent.
Bitcoin Down Only 0.4 Percent
Bitcoin prices are only lower by 0.4% percent compared to our article last week. Still BTC/USD remains in a downtrend on the daily charts. To end it we need a breakout above $6,646 dollars. A breakout above $7,705 dollars is needed for a new rally. In-between these two important levels there’s potential resistance at $6,840, $7,155 and $7,212 dollars per coin.
Read more: https://blog.fxopen.com/bitcoin-litecoin-stuck-in-range/
Bitcoin Down Only 0.4 Percent
Bitcoin prices are only lower by 0.4% percent compared to our article last week. Still BTC/USD remains in a downtrend on the daily charts. To end it we need a breakout above $6,646 dollars. A breakout above $7,705 dollars is needed for a new rally. In-between these two important levels there’s potential resistance at $6,840, $7,155 and $7,212 dollars per coin.
Read more: https://blog.fxopen.com/bitcoin-litecoin-stuck-in-range/
Both Ether and Dash had some large losses during the past seven days. Ether fell to a new yearly low of 0.04205 BTC. Dash also fell to a new 2018 low at 0.02186 BTC. Both coins bounced somewhat from these lows but they remain firmly in a downtrend.
Ether Crashes 24 Percent
Ether crashed by 18 percent since our last update. Measured to the lows the decline was around 24 percent. The clearing of the 0.05 – 0.0524 BTC area acted as a catalyst to further losses. We are quoted at 0.04556 BTC right now, significantly below the 0.05542 BTC price recorded last week.
Read more: https://blog.fxopen.com/ether-dash-bounce-after-crash/
Ether Crashes 24 Percent
Ether crashed by 18 percent since our last update. Measured to the lows the decline was around 24 percent. The clearing of the 0.05 – 0.0524 BTC area acted as a catalyst to further losses. We are quoted at 0.04556 BTC right now, significantly below the 0.05542 BTC price recorded last week.
Read more: https://blog.fxopen.com/ether-dash-bounce-after-crash/
Bitcoin prices hit new monthly lows of $5,883 dollars before stabilizing somewhat. Litecoin hit a new 2018 low yesterday at $49.10 dollars before rallying higher. It’s quoted at $54 dollars right now.
Bitcoin Hits Monthly Lows
As noted above BTC/USD hit new lows for this month before stabilizing. We are trading at $6,330 at the moment, not far from the $6,488 dollars quoted last week.
Read more: https://blog.fxopen.com/bitcoin-hits-monthly-lows-before-stabilizing/
Bitcoin Hits Monthly Lows
As noted above BTC/USD hit new lows for this month before stabilizing. We are trading at $6,330 at the moment, not far from the $6,488 dollars quoted last week.
Read more: https://blog.fxopen.com/bitcoin-hits-monthly-lows-before-stabilizing/
Both Ether and Dash continue to look bearish versus bitcoin. Ether hit new multi-month lows during the past seven days while Dash hit a new yearly low yesterday. The crypto market as a whole recorded a new 2018 low in market cap at 227 billion dollars, a far cry from the 813 billion top hit in the early part of the year.
Ether Still in Downtrend
Ether continues the downtrend vs BTC. The altcoin traded as low as 0.054 BTC last Friday before recovering somewhat. We are currently quoted not far from the lows at 0.05542 BTC.
Read more: https://blog.fxopen.com/crypto-market-hits-new-2018-lows/
Ether Still in Downtrend
Ether continues the downtrend vs BTC. The altcoin traded as low as 0.054 BTC last Friday before recovering somewhat. We are currently quoted not far from the lows at 0.05542 BTC.
Read more: https://blog.fxopen.com/crypto-market-hits-new-2018-lows/
Bitcoin prices are back in a downtrend after falling 10 percent after yesterday’s SEC decision. Litecoin followed suit, breaking out from its range and starting its own bearish trend.
Bitcoin Down After Delayed ETF Decision
Bitcoin prices dropped close to 10 percent in the past 14 hours. The main catalyst behind the news was the U.S. Securities and Exchange Commission delaying a decision on the VanEck-SolidX ETF until September. While this may not seem like such a bad decision, this is exactly how the SEC treated the Winklevoss ETF. That decision was delayed for years, exhausting all legal delay options, then ultimately refused early last year.
Read more: https://blog.fxopen.com/bitcoin-back-in-downtrend/
Bitcoin Down After Delayed ETF Decision
Bitcoin prices dropped close to 10 percent in the past 14 hours. The main catalyst behind the news was the U.S. Securities and Exchange Commission delaying a decision on the VanEck-SolidX ETF until September. While this may not seem like such a bad decision, this is exactly how the SEC treated the Winklevoss ETF. That decision was delayed for years, exhausting all legal delay options, then ultimately refused early last year.
Read more: https://blog.fxopen.com/bitcoin-back-in-downtrend/
Bitcoin is trading at $7770 right now, $716 dollars off the $8,486 high reached last week. Today’s losses are taking down other crypto-currencies as well, with Litecoin down around 5 percent.
Bitcoin Off Highs
Bitcoin traders took a while to digest the news about the ETF rejection but it appears that it’s finally starting to happen. As noted in our previous article this rejection is problematic because a large part of the rally was build on speculation about a possible ETF approval in August. But with the rejection reasons dealing with the bitcoin market itself and not a particular trading vehicle, that ETF now seems dead in the water too.
Read more: https://blog.fxopen.com/bitcoin-off-highs-litecoin-down/
Bitcoin Off Highs
Bitcoin traders took a while to digest the news about the ETF rejection but it appears that it’s finally starting to happen. As noted in our previous article this rejection is problematic because a large part of the rally was build on speculation about a possible ETF approval in August. But with the rejection reasons dealing with the bitcoin market itself and not a particular trading vehicle, that ETF now seems dead in the water too.
Read more: https://blog.fxopen.com/bitcoin-off-highs-litecoin-down/
Today the U.S. Securities and Exchange Commission rejected the Winklevoss ETF again. Last year in March the SEC already rejected this ETF after delaying the decision as long as it could. But in June the twins submitted a proposed rule change to the ETF, which is now also rejected. Due to the importance of this decision we will change our usual format for Thursday from covering ETH and Dash to BTC and ETH. Don’t worry though, we’ll come back to Dash next week!
Bitcoin Drops on ETF Rejection
Bitcoin prices dropped over 5 percent on the news. The reasons for the rejection echo earlier sentiment by regulators about ‘fraud and manipulation of bitcoin, particularly since this is done in a largely unregulated offshore market.’ The agency added that more than three-fourths of the volume in bitcoin occurs outside the United States, and that 95 percent of the volume occurred on non-U.S. exchanges.
Read more: https://blog.fxopen.com/sec-rejects-bitcoin-etf-again/
Bitcoin Drops on ETF Rejection
Bitcoin prices dropped over 5 percent on the news. The reasons for the rejection echo earlier sentiment by regulators about ‘fraud and manipulation of bitcoin, particularly since this is done in a largely unregulated offshore market.’ The agency added that more than three-fourths of the volume in bitcoin occurs outside the United States, and that 95 percent of the volume occurred on non-U.S. exchanges.
Read more: https://blog.fxopen.com/sec-rejects-bitcoin-etf-again/
Hmm, wasn't this Friday news already? Think we all saw the price of Bitcoin move quickly below $8k but then it went back right up above it to where it is now around 8100.
Remember, a rejection doesn't mean they can't ever apply it anymore. And now they are writing to the SEC with how their rejections are not correct, based on all the reasons given. And remember, the more important VanEck one is still to come.
Today the U.S. Securities and Exchange Commission rejected the Winklevoss ETF again. Last year in March the SEC already rejected this ETF after delaying the decision as long as it could. But in June the twins submitted a proposed rule change to the ETF, which is now also rejected. Due to the importance of this decision we will change our usual format for Thursday from covering ETH and Dash to BTC and ETH. Don’t worry though, we’ll come back to Dash next week!
Bitcoin Drops on ETF Rejection
Bitcoin prices dropped over 5 percent on the news. The reasons for the rejection echo earlier sentiment by regulators about ‘fraud and manipulation of bitcoin, particularly since this is done in a largely unregulated offshore market.’ The agency added that more than three-fourths of the volume in bitcoin occurs outside the United States, and that 95 percent of the volume occurred on non-U.S. exchanges.
Read more: https://blog.fxopen.com/sec-rejects-bitcoin-etf-again/
Bitcoin Drops on ETF Rejection
Bitcoin prices dropped over 5 percent on the news. The reasons for the rejection echo earlier sentiment by regulators about ‘fraud and manipulation of bitcoin, particularly since this is done in a largely unregulated offshore market.’ The agency added that more than three-fourths of the volume in bitcoin occurs outside the United States, and that 95 percent of the volume occurred on non-U.S. exchanges.
Read more: https://blog.fxopen.com/sec-rejects-bitcoin-etf-again/
After a long period of consolidation, Ether entered a downtrend vs BTC. Meanwhile Dash continued the bearish trend from the week prior.
Ether Enters Downtrend
We finally got a decisive break of support in ETH/BTC. Earlier the pair tried to start a new downtrend but was rebuffed twice as bulls rallied us back above the 0.07 BTC mark. Yesterday we got a sharp break below the previous low at 0.06734 BTC and unlike previous times we kept going. Today a new two-month low of 0.06232 BTC was hit. We are currently quoted just above here at 0.06244 BTC.
Read more: https://blog.fxopen.com/ether-enters-downtrend/
Ether Enters Downtrend
We finally got a decisive break of support in ETH/BTC. Earlier the pair tried to start a new downtrend but was rebuffed twice as bulls rallied us back above the 0.07 BTC mark. Yesterday we got a sharp break below the previous low at 0.06734 BTC and unlike previous times we kept going. Today a new two-month low of 0.06232 BTC was hit. We are currently quoted just above here at 0.06244 BTC.
Read more: https://blog.fxopen.com/ether-enters-downtrend/
After a prolonged period of low volatility and range-bound trading the crypto market rallied yesterday. Bitcoin jumped by $288 dollars to close the day at $6,663 dollars per coin. Litecoin rallied by $3.92 to close at $82.94 dollars yesterday.
Possible breakout for Bitcoin
Bitcoin finally ended the downtrend started back in May of this year. The crypto rallied by 4.5% yesterday. Today we’re gaining more ground with BTC/USD quoted at $6,712 right now. Bitcoin looks set to test the important resistance at $6,840 dollars per coin. A decisive breakout above here would start a new BTC rally.
Read more: https://blog.fxopen.com/bitcoin-jumps-possible-breakout/
Possible breakout for Bitcoin
Bitcoin finally ended the downtrend started back in May of this year. The crypto rallied by 4.5% yesterday. Today we’re gaining more ground with BTC/USD quoted at $6,712 right now. Bitcoin looks set to test the important resistance at $6,840 dollars per coin. A decisive breakout above here would start a new BTC rally.
Read more: https://blog.fxopen.com/bitcoin-jumps-possible-breakout/
Ether is desperately trying to cling on to the support around 0.07 BTC. Meanwhile Dash hit new 15-month lows today at 0.03335 BTC.
Ether Teeters on Support
Ether is quoted at 0.06946 BTC right now, desperately trying to climb back above the 0.07 BTC figure. Two days ago a new multi-week low of 0.06734 BTC was hit but as you can see on the chart below we bounced back quickly from here. While the support is now technically broken, we can’t call for a downtrend yet. For that to happen we need to see a decisive breakdown of a level not just a quick and shallow break.
Read more: https://blog.fxopen.com/ether-teeters-on-support-new-lows-for-dash/
Ether Teeters on Support
Ether is quoted at 0.06946 BTC right now, desperately trying to climb back above the 0.07 BTC figure. Two days ago a new multi-week low of 0.06734 BTC was hit but as you can see on the chart below we bounced back quickly from here. While the support is now technically broken, we can’t call for a downtrend yet. For that to happen we need to see a decisive breakdown of a level not just a quick and shallow break.
Read more: https://blog.fxopen.com/ether-teeters-on-support-new-lows-for-dash/
Yesterday bitcoin made another attempt to break out and end the current downtrend. It was unsuccessful and the coin proceeded to drop by $346 dollars from the highs. Litecoin followed big brother lower declining by 6 percent today.
Bitcoin Drops From Highs
Bitcoin hit a high of $6,806 yesterday, only $34 dollars away from the previous swing high at $6,840 dollars. As noted in our last article, we needed a breakout above this level to end the downtrend. As that didn’t occur, BTC/USD remains in a downtrend on the daily charts.
Read more: https://blog.fxopen.com/bitcoin-drops-litecoin-follows/
Bitcoin Drops From Highs
Bitcoin hit a high of $6,806 yesterday, only $34 dollars away from the previous swing high at $6,840 dollars. As noted in our last article, we needed a breakout above this level to end the downtrend. As that didn’t occur, BTC/USD remains in a downtrend on the daily charts.
Read more: https://blog.fxopen.com/bitcoin-drops-litecoin-follows/
Both Ether and Dash are trading little changed versus bitcoin. Ether is up by 0.11% while Dash is lower by 0.84 percent since last Thursday. Not large moves by any means and especially not for the crypto market which tends to be more volatile than traditional markets.
Ether Little Changed
Ether is quoted little changed vs BTC. The altcoin had a short and uneventful trip below the 0.07 BTC figure on June 30th only to bounce back quickly. We are quoted at 0.07115 BTC right now, not far from where we were trading at on June 28th.
Read more: https://blog.fxopen.com/ether-little-changed-dash-down/
Ether Little Changed
Ether is quoted little changed vs BTC. The altcoin had a short and uneventful trip below the 0.07 BTC figure on June 30th only to bounce back quickly. We are quoted at 0.07115 BTC right now, not far from where we were trading at on June 28th.
Read more: https://blog.fxopen.com/ether-little-changed-dash-down/
Both bitcoin and litecoin made solid gains during the past week. Bitcoin is up by $505 dollars or 8% since last Tuesday while LTC is higher by $8.96 dollars or close to 9 percent.
Bitcoin Gains 8 Percent
Big brother bitcoin is up by over 8 percent. However, these gains weren’t enough to end the downtrend on the daily chart. For that to happen we need to see a breakout above $6,840 dollars per coin. A decisive break beyond $7,046 would start a new BTC rally.
Read more: https://blog.fxopen.com/bitcoin-gains-litecoin-ends-downtrend/
Bitcoin Gains 8 Percent
Big brother bitcoin is up by over 8 percent. However, these gains weren’t enough to end the downtrend on the daily chart. For that to happen we need to see a breakout above $6,840 dollars per coin. A decisive break beyond $7,046 would start a new BTC rally.
Read more: https://blog.fxopen.com/bitcoin-gains-litecoin-ends-downtrend/
Ether is sitting on the important support around 0.07 BTC per coin. Meanwhile, Dash is making new yearly lows and is quoted at 0.03693 BTC at the moment.
Ether Sits on Support
After falling by almost 10 percent since last Thursday, Ether is back at the important support of 0.07 BTC. Yesterday we briefly dipped below this important level and traded as low as 0.06961 BTC. But as we frequently point out here we are looking for a decisive break of a level, not just a quick and shallow spike below it. There are a lot of games being played around important levels like 0.07 BTC so you shouldn’t jump the gun too quickly.
Read more: https://blog.fxopen.com/ether-sits-on-support-dash-lower/
Ether Sits on Support
After falling by almost 10 percent since last Thursday, Ether is back at the important support of 0.07 BTC. Yesterday we briefly dipped below this important level and traded as low as 0.06961 BTC. But as we frequently point out here we are looking for a decisive break of a level, not just a quick and shallow spike below it. There are a lot of games being played around important levels like 0.07 BTC so you shouldn’t jump the gun too quickly.
Read more: https://blog.fxopen.com/ether-sits-on-support-dash-lower/
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