Blog: CoinIdol

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Jun 19 2021

Cryptocurrency Market Shrinks as China Continues Crackdown on Mining and Trading Activities

Jun 19 2021 Published at CoinIdol under tags  news

As China is continuing to crack down on Bitcoin and cryptocurrency mining and trading, more provinces in the country are implementing the decision. However, in an attempt to stop such environmentally unfriendly and high-energy- consuming activities, the prices of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) are negatively being affected.

Uniswap Reaches Bearish Exhaustion as Sellers Threaten to Short

Jun 19 2021 Published at CoinIdol under tags  news

Uniswap's (UNI) price has fallen to $19.58 low and pulled back. The downtrend has reached bearish exhaustion as buyers emerge in the oversold region. The current downturn has been ongoing as price makes a series of lower highs and lower lows.

Polkadot Revisits Previous Low at $20, Faces Rejection at $26

Jun 19 2021 Published at CoinIdol under tags  news

Polkadot (DOT) has fallen to $22 low from the previous high of $29. Since the crypto began falling, DOT price was making a series of lower highs and lower lows.

Jun 18 2021

Elon Musk is Responsible for Another Bitcoin Trend Reversal. Is it a Pump-and-Dump scheme?

Jun 18 2021 Published at CoinIdol under tags  news

As the month-long skyrocketing of the digital currency market continues, Elon Musk the CEO of Tesla and SpaceX has come out to refute claims that he is a person behind the current bitcoin pump-and-dump scheme in early 2021.

Ethereum Reaches Bearish Exhaustion, Finds Support above $2,300

Jun 18 2021 Published at CoinIdol under tags  news

Ethereum (ETH) price has been in a downward move for the past four days. The biggest altcoin has fallen and it is approaching the previous low at $2,300.

Ripple Slumps to $0.82, Resumes Consolidation above It

Jun 18 2021 Published at CoinIdol under tags  news

Ripple's (XRP) price has fallen to the support above $0.82. In the first instance, buyers intended to push XRP to the previous highs but were stopped at a lower high of $0.93 on June 14.

Jun 17 2021

Binance Coin Declines as It Faces Rejection Thrice at the $380 Resistance

Jun 17 2021 Published at CoinIdol under tags  news

Binance Coin's (BNB) price is trading at $359 at the time of writing. Since June 9, buyers have been struggling to break above the $380 resistance but to no avail. In the first attempt to break above the $380 resistance, the altcoin dropped to $326 low and resumed upward.

Garlicoin, the Most Undervalued Altcoin

Jun 17 2021 Published at CoinIdol under tags  news

The cryptocurrency market is full of undervalued altcoins. That's because most people stick to the top 10 cryptos, and at best, to the top 100.

Bitcoin Battles Resistance at $41,000, Targets $46,000 High

Jun 17 2021 Published at CoinIdol under tags  news

Bitcoin (BTC) rebounds above the $38,000 support as the crypto retests the $41,000 resistance zone. In the first attempt on June 14, BTC's price rallied to $40,980 high but couldn’t penetrate the resistance zone.

Cryptocurrency Investors Remain Optimistic Despite Market Downturn

Jun 17 2021 Published at CoinIdol under tags  news

The cryptocurrency market has lost over $849 billion in the past month but this has not threatened some of the investors. About 81% of the cryptocurrency investors have remained more sanguine despite this dramatic market downtrend.

Jun 16 2021

Cardano in Range-Bound Move, Unable to Push above $1.80 Overhead Resistance

Jun 16 2021 Published at CoinIdol under tags  news

Cardano's (ADA) price rebounds above $1.40 support as prices rallied to $1.60 high. The uptrend is confirmed as ADA retested the $1.40 support before the upward move. The bullish momentum broke above the moving averages as the price reached the previous highs.

Bitcoin Cash in Downward Correction, Faces Rejection Twice at $640

Jun 16 2021 Published at CoinIdol under tags  news

Bitcoin Cash (BCH) has been in an upward correction for the past three days as the price reached the high of $640. BCH is falling as bulls fail to break the previous lower high of $640.

Property Development and Spark Buildings

Jun 16 2021 Published at CoinIdol under tags  news

It’s official, Property Development is on its way to Upland! This is something we’ve been planning since the beginning of Upland, and we’re happy to let you know that it’s now available!

Cryptocurrency Scams are on a High Rise; A 1000% Increase Registered, Billions Lost

Jun 16 2021 Published at CoinIdol under tags  news

There has been a significant increase in the use of digital currencies ever since Covid-19 pandemic started. However, scammers have taken advantage of the pandemic to scam cryptocurrency users, investors and other innocent people. Last week alone, an investor in the UK lost more than $283,200 through a cryptocurrency scam.

Jun 15 2021

Litecoin Reaches Overbought Region as Sellers Emerge

Jun 15 2021 Published at CoinIdol under tags  news

Litecoin's (LTC) is making positive moves as the price reaches the high of $177. The altcoin is rising to retest the previous high of $200. The crypto had earlier attained the high of $200 immediately it recovered from the previous downtrend.

CoinMarketCap Provides Wrong Data: Was It a System Error?

Jun 15 2021 Published at CoinIdol under tags  news

On June 13, the world's most-referenced price-tracking website, CoinMarketCap, has provided wrong data for most of the cryptocurrencies including their market caps, dominance and others. This wrong data was misleading the community especially those who want to sell, buy or invest in certain cryptocurrencies.

Ripple Hovers above $0.88 Support, Poises for Fresh Uptrend

Jun 15 2021 Published at CoinIdol under tags  news

Ripple (XRP) rebounded as the price broke above the moving averages. Today, the market is retracing to retest the 50-day SMA at the low of $0.87.

Cryptocurrency Market Drops 4% in 7 Days as Bitcoin Surges 8%

Jun 15 2021 Published at CoinIdol under tags  news

In the past 7 days, the entire digital currency market managed to dip from $1.662 trillion to $1.603T, indicating a sharp fall of about 4.06%. The 7d prices of all the top 5 out of 50 tokens in the world are trading in the red. Nevertheless, the largest coin by market cap managed to surge by about 8% in one week.

Jun 14 2021

Ethereum Risks Further Decline as It Faces Rejection at $2,560

Jun 14 2021 Published at CoinIdol under tags  news

Ethereum (ETH) price is making an upward correction but was repelled at the $2,560 resistance. The biggest altcoin would have resumed an uptrend if the price has broken the previous lower high of $2,600.

Bitcoin Reaches Striking Distance, Battles Resistance at $39,000

Jun 14 2021 Published at CoinIdol under tags  news

Bitcoin's (BTC) price is struggling to break above the $39,000 resistance level. For the past 24 hours, buyers are still under pressure to clear the resistance at $39,000.

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