XBTFX

XBTFX

Since the middle of June ADA entered into side trading mode. It was the same during the previous week, when the prices were moving in the range between $0.44 and $0.48. It looks like the coin reached its bottom line around $0.4 level and continues to move in this range, as there are no significant buying orders which would push the price higher. At this moment, it...

XBTFX

There was another positive news regarding Binance business expansion during the previous week, as the company introduced its zero-fees crypto trading on its platform. This was a positive move from Binance, as the company managed significantly to increase trading volumes. However, market reaction, when it comes to BNB, was minimal. Macro fundamentals continue to...

XBTFX

Ripple continues with its slow motion moves, however, as long as they are in a positive direction, holders will not have anything against it. XRP started the previous week at level of $0.31 and reached its highest weekly level at $0.35. By looking at historical prices, XRP always starts with side trading when the market is exhausted by previous sharp moves to the...

XBTFX

It was a pretty good week for ETH as the coin managed to outperform its main rival on the market, with a gain of 15% on a weekly basis. For some time now, the market was pushing ETH`s price strongly to the downside, without a clear reason. Price moves during the previous week suggest that some confidence in ETH is back on the market, but due to macro risks, higher...

XBTFX

We have seen some long awaited positive developments on the crypto market during the previous week. Some of the losses incurred two weeks ago were erased during the previous week. However, the same risks that were driving the markets to the downside are still on a market stage, in which sense, it might be too early to cheer the end of the down cycle. Released data...

XBTFX

Last week in the news Last week was a small relief from a bearish trend since the beginning of this year. However, risks from the macro environment are still in play, in which sense, it is too early for celebration. Bitcoin managed to sustain a support line at $20K, reaching its highest weekly level at $22.5K. Ether is back at $1.2K. Positive economic news...

XBTFX

Although LINK started the previous week in a positive manner, heading toward the upside, still the highest level reached was $7.1. Long term resistance line has not been tested on this occasion. By following general market sentiment, price soon reverted to the downside, to the level of $5.88. Coin is finishing the week testing the support line at $6, but without...

XBTFX

As it has been expected, ADA continued with side trading during the previous week. This is sort of typical behavior of this coin, after prior strong price moves. During the previous weeks, the price of ADA reached historically lowest levels, after which, the coin started its side trading around level of $0.45. Relative Strength Index is a reflection of the side...

XBTFX

General negative market sentiment is continuing to impact the price of BNB coin. During the previous week, the coin was making modest moves between levels of $242 down to $204. Support line at $200 has not been clearly tested on this occasion. As of the end of the week buying orders started to emerge, which stopped the price of moving further to the downside. RSI...

XBTFX

XRP significantly slowed down volatility during the previous week. Market was side trading this coin. Considering general negative market sentiment, side trading sometimes might be a good thing. It suggests that the $0.3 support line is the current bottom for this coin and there is no strength to move the coin further to the downside. Highest level reached during...

XBTFX

Market continues to punish ETH without any obvious reason. Since the beginning of this year ETH lost almost 72% in value, while BTC lost around 60% for the same period of time. There is no rational reason for such a loss in value for ETH, except only to comply with saying that the market is always right. Market is still in a sort of vacuum when the price of...

XBTFX

Markets do not favour uncertainty, in which sense, capital preservation currently plays a more important role from returns on capital. Last week there was a further decrease in the value of both equities and crypto currencies, but the only assets that gained in value were US Treasury bonds. Capital flow currently goes to Treasury bonds as a means of capital...

XBTFX

Last week in the news Financial markets ended the second quarter with extended losses, pricing high inflation, fears of recession and monetary moves. So called “crypto winter” is still holding. Bitcoin is finishing the week testing $20K support, while Ether is still holding modestly above $1K. Implications of crypto market losses since the beginning of this...

XBTFX

Two weeks ago LINK reached its lowest level at $5.5 and started a short price reversal to the upside. However, moves to the upside were extremely shy, so LINK managed to reach its highest weekly level at $7.3. Long term resistance line at $8 has not been tested on this occasion. At this moment, it is more than evident that the market is lacking strength for clear...

XBTFX

During the previous week ADA managed to regain some of the value compared to the week before. However, it was such a shy move, which shows that ADA is still missing market strength to make real rebound and erase losses from the previous period. ADA started the week testing resistance line at $0.50, then reverted to the downside and $0.45 level, in order to finish...

XBTFX

During the previous week there was positive news for Binance exchange, that the company is planning to expand its business introducing a platform for VIP and institutional clients. It was also positive that the company is hiring professionals from the crypto industry during a period of time when the majority of its competitors are decreasing in number of...

XBTFX

It was a positive week for XRP, as the coin managed to regain some 20% in value within a single week. After a strong push of the price since the end of March this year, it seems that XRP is ready to finally stabilize the price, after reaching a minimum level at $0.30. During the first part of the week, XRP was traded sideways, without strength to make a move...

XBTFX

Ether is finally picking up some of the strength, which was significantly lost during the previous period. In relative terms, the coin outperformed Bitcoin, but this time in a positive manner, gaining more than 26% in value in a single week. At the same time, ETH short term futures were up by some 11%, expressing market positive expectations for this coin in the...