Price Analysis 8/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and altcoins have been selling at key broad resistance levels and investors are unsure if traders will buy the current decline.
Price analysis
Bitcoin (BTC) witnessed a tough battle between bulls and bears near the $25,000 level. A clear winner may not emerge in the near term due to a lack of catalyst and because there is no major macro data expected this week from the US. Data points from Asia or Europe may increase volatility, but are unlikely to initiate further directional movement.
Anthony Scaramucci, Founder and Managing Partner of Skybridge Capital, in an interview with CNBC, advised investors to ride out the current uncertainty in cryptocurrencies and to “stay patient and stay for the long haul.” He expects Bitcoin to reward investors immensely with a strong uptrend over the next six years.
Daily performance of the cryptocurrency market. Source: Coin360In addition to focusing on Bitcoin, investors are also keeping a close eye on Ether (ETH) ahead of its planned September 15 merger. A whale address that had participated in the genesis of the ICO but had been inactive for three years transferred around 150,000 Ether on August 14. This has led to differing opinions, with some speculating that the whale may be throwing its holdi...
Bitcoin and altcoins have been selling at key broad resistance levels and investors are unsure if traders will buy the current decline.
Price analysis
Bitcoin (BTC) witnessed a tough battle between bulls and bears near the $25,000 level. A clear winner may not emerge in the near term due to a lack of catalyst and because there is no major macro data expected this week from the US. Data points from Asia or Europe may increase volatility, but are unlikely to initiate further directional movement.
Anthony Scaramucci, Founder and Managing Partner of Skybridge Capital, in an interview with CNBC, advised investors to ride out the current uncertainty in cryptocurrencies and to “stay patient and stay for the long haul.” He expects Bitcoin to reward investors immensely with a strong uptrend over the next six years.
Daily performance of the cryptocurrency market. Source: Coin360In addition to focusing on Bitcoin, investors are also keeping a close eye on Ether (ETH) ahead of its planned September 15 merger. A whale address that had participated in the genesis of the ICO but had been inactive for three years transferred around 150,000 Ether on August 14. This has led to differing opinions, with some speculating that the whale may be throwing its holdi...
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