Latest Market News
SEC Commissioner Hester Peirce, who has previously voiced her opinion against the SEC’s crackdown on Telegram, has called out the agency's refusal to accept a Bitcoin ETF.
Bitcoin.org was recently targeted with a DDoS (distributed denial-of-service) attack, according to the website’s pseudonymous operator Cøbra.
The Coinbase cryptocurrency exchange has significantly improved its customer support capabilities this year, according to a recent post by Coinbase customer experience VP Casper Sorensen.
Today, we released our article covering the top coins to watch for this week. These included Helium (HNT), Ethereum Classic (ETC), and PivX (PIVX). In this analysis, we will be covering these three coins to help provide some important support and resistance levels we can expect to see moving forward.
Bitcoin saw another whipsaw-like trading period over the weekend as the cryptocurrency pushed higher from $33,000 and moved higher inside an ascending price channel. It continued to climb until resistance was found at around $36,500, provided by the upper boundary of a symmetrical triangle pattern.
As we move into the beginning of Q3, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Memecoins have taken a slight backseat during the recent price capitulation/consolidation period as the hype surrounding the industry before May starts to cool down slightly. The meme coin king, Dogecoin, is down by a sharp 67% from its all-time high price with its competition, Shiba Inu, down 82% from the day it was listed on Binance.
Bitcoin dropped another 1.5% today as it continues to dip from the intra-week high at $36,500. Bitcoin had rebounded from $30,500 over the weekend and produced a double bottom formation on the daily chart. Since then, it went on to form a short-term ascending price channel which allowed the coin to reach as high as $35,500 (bearish .618 Fib Retracement) this week.
Following the past two post-halving bull markets in 2013 and 2017, the price of Bitcoin plummeted by more than 80% in subsequent months (from approx. $1,000 to $200 in 2014 and $20,000 to $3,000 in 2018). Both times Bitcoin was proclaimed dead by the mainstream media outlets only to reach new all-time highs when the inevitable new bull cycles came around.
The first half of 2021 was one of the wildest periods in the history of the cryptocurrency market – Bitcoin and other top crypto assets reached record prices as cryptocurrency, alongside related tech like NFTs, made its way into the mainstream consciousness again. Let’s take a look at some of the biggest trends and storylines that defined the cryptocurrency and blockchain landscape in the first half of the year.
