By Jordan Lyanchev After the explosive start to the business week, in which BTC gained $7,000 in 12 hours or so, the asset was primed for a correction, which began yesterday evening and culminated today with a price drop to under $84,000. The altcoins have followed suit as they usually do, with ETH slumping below […]
Tag: RAIN
By Jordan Lyanchev Bitcoin’s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to a five-day low of under $77,000. Most altcoins followed suit, posting 3-5% daily declines. Ripple’s […]
By Jordan Lyanchev Bitcoin did something we hadn’t seen in over three months in the past few days. But before we get there, let’s take a quick look at what happened last week and how we arrived at this major bullish intersection. Recall that BTC and the rest of the market were essentially stagnant for […]