Bitcoin (BTC) remains in a two-month long downtrend, defined by a series of lower price highs.The cryptocurrency was down about 9% over the past week as upside momentum continued to slow.There is minor support around $40,000, which could stabilize the current pullback. However, upside appears limited around the $45,000 resistance level. This means buyers could quickly take … [Read more...] about Bitcoin Oversold Within Downtrend; Resistance at $45K
Downtrend
3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally
2021 has been a breakout year for the cryptocurrency market and aside from Bitcoin price soaring to new highs, the emergence of a vast decentralized finance (DeFi) ecosystem and the rising popularity of nonfungible tokens (NFTs) has thrust blockchain technology into the mainstream in a way that looks guaranteed to ensure mass adoption. One project that has benefited from its … [Read more...] about 3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally
GPU price inflation dips slightly as Ether downtrend continues
Graphics processing units (GPUs) have become a little cheaper in July amid a continued downtrend in the price of Ether (ETH).According to a review by TechSpot, GPU prices across popular graphics cards are slightly lower in July than they were in June.The lower prices in July are a continuation of the steady decline in GPU prices since the onset of the current crypto market … [Read more...] about GPU price inflation dips slightly as Ether downtrend continues
Kraken launches Kusama Parachain Auction platform as KSM defies downtrend
U.S. cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange.In a blog post on June 8, Kraken revealed the new platform will enable users that qualify to pledge support for Kusama projects vying for a Parachain slot by staking Kusama’s KSM tokens. The rewards for contributors who … [Read more...] about Kraken launches Kusama Parachain Auction platform as KSM defies downtrend