[ad_1]
Crypto analyst and economist Alex Krüger says Bitcoin's stability in the aftermath of the newly revealed Binance hack proves Bitcoin is no longer in a bear market.
In a bear market this would have caused a deluge. Either way, good excuse for bulls to take cover, bears to charge.
– Alex Krüger (@krugermacro) May 7, 2019
Fundstrat analyst Tom Lee responded to Krüger with an image of a bull face lift, suggesting we're now in "a certain type of market."
Sign of a certain type of market pic.twitter.com/ZXKQO9MMom
– Thomas Lee (@fundstrat) May 8, 2019
Krüger is also highlighting BTC's overall reaction to recent events, highlighting the fact that crypto traders no longer seem to be deterred by the headlines.
The pattern: bitcoin stopped caring about bad news. $ BTC pic.twitter.com/lgk5qo5lYw
– Alex Krüger (@krugermacro) May 8, 2019
Right now, the crypto market is mixed. Bitcoin is up 0.81% at $ 5,875. Ethereum is down at 0.77% at $ 168.27, and XRP is up at 0.50% at $ 0.2999.
Technical analysts at large are watching Bitcoin's push to pass $ 6K and debating whether altcoins can keep up.
Bitcoin
CoinDesk – Bitcoin remains on track for a break above $ 6,000
Bitcoinist – Bitcoin will continue, bullish weekly RSI suggests
Live Bitcoin News – BTC in strong uptrend above $ 5,700
Ethereum
FXStreet – ETH / USD starts fresh consolidation
Blockonomi – Bearish trend line with $ 181
XRP
FXStreet – XRP / USD bulls going for a retest of the broken wedge structure
NewsBTC – XRP unresponsive, lagging and consolidating above 30 cents
litecoin
Crypto Daily LTC / USD test important technical levels
FXStreet – LTC / USD breaching critical ascending trend line of support
Cash Bitcoin, Binance Coin, EOS, Tron, Cardano
NewsBTC – Crypto market testing key support: BCH, BNB, EOS, TRX analysis
Cryptovest – ADA further away from $ 0.07, downtrend likely to continue
Join us on Telegram
Follow us on Twitter
Check Out the Latest Headlines
Disclaimer: Opinions at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that you are responsible for your own risk and responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
[ad_2]
Source link