In our “Analytics” section, we analyze cryptocurrency market trends, price movements, and key developments in the blockchain industry. Here you will find expert insights, market forecasts, and breakdowns of major crypto events that influence Bitcoin, Ethereum, and other digital assets. Read the “Analytics” section on ForkNews to better understand the crypto market and make informed decisions.
Yesterday's impressive volumes of purchases continued to increase prices and, after a pullback from weekly highs, the market is still in the green zone.
Yesterday, altcoins recorded weekly highs. Will the market be able to stay in the green zone today?
Global debt hit another high of $247 trillion in the first quarter of 2018, according to a report released Wednesday. Of this figure, the non-financial sector accounted for $186 trillion, the International Monetary Fund (IMF) said.
It can be assumed that the target growth levels have already been achieved and the price has entered the pullback phase.
How deep will today's pullback from the overnight high be? Will growth continue?
The overnight bullish momentum could end in a deep pullback. Is it possible to continue growth after such a pullback?
Bitcoin showed a nice recovery on Monday and is trading at $3,591 at the time of writing. The price of the coin has increased by about 8% over the past 24 hours amid a recovery in the global cryptocurrency market, driven mainly by technical and speculative factors.
A pullback from yesterday's highs will return altcoin prices to the nearest support level.
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