Bitcoin’s recent price increase over the weekend came as a surprise to many in the market. It recorded a 1.5% gain in the last 24 hours, pushing its value above the important $30,000 mark, which is also a significant resistance level. At the time of writing, Bitcoin was trading at $30,154, showing a 12% increase…
CryptoPawCoin (CPRC) saw an impressive 680% surge in the last 24 hours, and it’s now among the top 100 cryptocurrencies with a market value of over $500 million. CPRC aims to help animal welfare. However, it’s essential to be cautious because of its low trading volume. This makes it vulnerable to price manipulation and poses…
Market Correction: Rising Inflation and Interest Rates Impact, Bitcoin Stabilizes Below $27K, Shifting Sentiment. Emerging Projects Impress, LOOM, BNT, SOL Gains Awaited. With Bitcoin’s bullish hopes waning, investors are rethinking their portfolios. Glassnode data shows HODLers making changes lately, as Bitcoin’s stability and short-term holders create a sluggish market vibe. Amid this, emerging altcoins like…
The tired uptrend in LOOM’s price suggests a small pullback. Is it a good time to buy during this dip? Since early September, Loom coin’s price has been exceptional, surging from $0.0374 to $0.2948, a 682.6% gain. However, it’s now facing resistance at the $3 mark, suggesting a slowdown in the bullish trend. LOOM Price…
One indicator suggests that Shiba Inu (SHIB) could be in an undersold condition. The NVT ratio, which analyzes the relationship between a cryptocurrency’s market capitalization and its transaction value, indicates that Shiba Inu (SHIB) could be undervalued. It currently stands at 172, a significant drop from its 52-week high of 788.59 in December 2022. This…
Some experts anticipate Cardano will remain in a consolidation phase until 2024. However, patient investors view this as a chance to accumulate and prepare for the next bull market. Now, let’s explore the price outlook for the best-performing and worst-performing cryptocurrencies of the year. Cardano’s Consolidation Analysis Cardano (ADA) is drawing notice due to its…
The $0.055 price level has been a reliable support for Dogecoin for quite some time. Even amid the current uncertainty in the crypto market, Dogecoin has managed to stay above this level. On the daily chart, there’s a sign of buyer interest, which is seen in a lower price rejection candle. This is a positive…
XRP’s price has fallen below $0.50, confirming a breakout from a triangle pattern that might lead to a drop to $0.33 if the support at $0.48 weakens. XRP’s price is now below $0.50, just a week after reaching $0.55. In the past 24 hours, XRP has lost 2.5% of its value and is now trading…
The price movement of SOL reveals a retreat to the $22 level, encountering resistance at $25. This pullback involves a reevaluation of the previously breached area at $22, thereby enhancing the likelihood of a reversal following the retest. If a reversal materializes, it could serve as a catalyst for Solana’s upward trajectory, potentially propelling it…
Dogecoin (DOGE) and Shiba Inu (SHIB) have both faced recent declines, with DOGE down 5% and SHIB down 6%. Other meme coins have also seen drops, but Floki Inu (FLOKI) managed to gain 8% in the past week. Analysts are cautiously optimistic about SHIB’s potential for a price increase, as Shibarium, SHIB’s layer-2 blockchain solution,…
Since the start of 2023, VeChain (VET) has exhibited a modest gain of approximately 5.7%. In contrast, Bitcoin (BTC) has surged by over 60% during the same period, making VET’s performance appear lackluster by comparison. VET reached its peak for the year on February 21, 2023, when it reached $0.0317. This represented a remarkable gain…
Terra Classic’s Retracement Reaches Crucial Demand Zone, Offering Potential Support for Bulls Unless BTC Falls Below $27,000. LUNC’s Prolonged Downtrend Tests Crucial Support at Approximately $0.000060. The Futures Market Exhibited a Bearish Outlook as of the Latest Update. Following a remarkable rebound in late September, the cryptocurrency market experienced a rapid correction as Bitcoin (BTC)…
“DOGE vs. SHIB: Discover How a $1,000 Investment in SHIB and DOGE Could Lead to Wealth in 12 Months! Cryptocurrencies have garnered significant attention due to their potential for substantial investment returns. Among the notable digital assets, Shiba Inu (SHIB) and Dogecoin (DOGE) have been frequent topics of discussion. In this article, we will delve…
Dogecoin’s recent short-term bullish trend and its overall structure turned bearish following a rejection at the $0.064 mark. As bears persistently apply pressure, it is anticipated that there may be a complete retracement of the rally witnessed last week. The bulls of Dogecoin (DOGE) sparked a rally on September 28th following a decline into a…
Shiba Inu (SHIB) has encountered a period of volatility in recent times, with its performance over the past month characterized by relatively uneventful price fluctuations. As the value of Bitcoin experiences shifts, SHIB’s movements have garnered heightened attention from both investors and enthusiasts. It’s worth noting that in anticipation of the debut of its mainnet,…
The bearish forecast made by analyst Benjamin Cowen, who predicted that Bitcoin would drop to $23,000 in September, turned out to be inaccurate. In an unexpected turn of events, a prominent analyst named Benjamin Cowen has revised his previous prediction regarding Bitcoin (BTC). Initially, Cowen had forecasted that Bitcoin would decline to $23,000 by the…
In this analysis, we’ll focus on Ethereum, Ripple (XRP), Cardano (ADA), Solana (SOL), and Binance Coin (BNB) for the week. Ethereum (ETH) Ethereum has been following an ascending triangle pattern since June. However, things took a turn recently as the price fell below this pattern, resulting in a 2% loss for the week. This is…
The Bitcoin network is showing strong signs of growth as the number of new wallets created in a month exceeds the yearly average. The world’s largest cryptocurrency, Bitcoin (BTC), has been hovering around $27,000 for a while now, with increased trader and network activity. On-chain data shows that traders have been heavily betting against Bitcoin,…
In a recent analysis, Bloomberg’s senior commodity strategist, Mike McGlone, talked about the current state of Bitcoin and other cryptocurrencies. McGlone proposed an idea that the growing number of digital assets in the market could be affecting how well Bitcoin is doing. McGlone said that more and more altcoins are causing Bitcoin’s price to drop…
Bitcoin’s price has mainly stayed steady over the past month. Is data from blockchain transactions suggesting the price is strong? Bitcoin’s price has been relatively stable for the past month, even with significant developments like spot Bitcoin ETFs and crypto lawsuits. However, data from blockchain transactions indicates that the way BTC is being traded reflects…
On September 13th, Arthur Hayes, one of the founders and former CEOs of BitMEX, talked about the cryptocurrency world at Token2049 in Singapore. He shared a lot of information, from big economic trends to how artificial intelligence works. At the end of his talk, he made a positive prediction about Filecoin, a decentralized storage system…
Bitcoin’s recent drop is influenced by global liquidity, limited monetary stimulus, and market events. A Bitcoin ETF approval could significantly affect prices in the volatile and unpredictable cryptocurrency market. Austin Arnold and Mark Yusko, experts in cryptocurrency, have shared insights about the recent drop in Bitcoin’s price. We’ve summarized their key points for you in…
The Terra Luna Classic community has unanimously approved a proposal for the v2.2.1 core upgrade. This proposal was submitted by the L1 Terra Classic Task Force (L1TF). The Terra Luna Classic community has agreed unanimously to a proposal for the v2.2.1 core upgrade, which was submitted by the L1 Terra Classic Task Force (L1TF) core…
The emergence of Bitcoin ETFs could lead to a shift towards higher custody service fees in the crypto industry. The SEC will make a decision on Bitcoin ETFs in mid-October. The cryptocurrency community is anxiously awaiting the SEC’s decision on Bitcoin ETFs. Bloomberg’s senior ETF analyst, Eric Balchunas, made a prediction on the “Unchained Crypto”…
A recent analysis by CryptoQuant, a cryptocurrency analysis firm, highlights the significant influence of Bitcoin miners’ selling behavior on its short-term price movements. The analysis reveals a correlation between the “Flow from Miners to Exchange” metric and Bitcoin’s market price fluctuations. The “Miner to Exchange Flow” metric measures the volume of coins transferred from miners…
A recent report from CCData tells us that the stablecoin industry, which acts as a bridge between regular money and cryptocurrencies, has faced a decline in its total value. The report also mentions that Tether, the main company behind stablecoins, has lost some of its share to competitors. In August, all stablecoins combined were worth…
Bitcoin (BTC) is currently exhibiting cautious sentiment as indicated by the Crypto Fear and Greed Index, which stands at 39 out of 100 in the fear zone, showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin’s price trend takes center stage, influenced…
A report from Bloomberg talks about JPMorgan Chase analysts, like Nikolaos Panigirtzoglou, who shared a note. They say that the crypto market will probably calm down soon. They think this because the number of people interested in CME Bitcoin futures (like bets on Bitcoin’s future price) is going down. When this happens, it usually means…
Bitcoin and altcoins had a positive start in 2023, but their performance suffered in 2022, leading many investors to experience losses. However, DeFi (Decentralized Finance) tokens have taken a different trajectory, as highlighted by IntoTheBlock. According to a post on their Twitter account, IntoTheBlock pointed out that DeFi tokens stand out in terms of investor…
Fred Thiel, the CEO of Marathon Digital, a company involved in Bitcoin mining, believes that the chances of the U.S. Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF) are positive. Thiel’s optimism is fueled by the efforts of major players like BlackRock to launch such ETFs. He mentioned that the approval…
Let’s take a look at how the crypto market is doing right now, what’s making people feel a certain way, what’s happening in the crypto world, and what might happen in the next few days. In the last week, the worldwide crypto market has been up and down. Bitcoin (BTC), which was steady at about…
Even though there’s news about Ethereum futures ETFs starting soon, the big holders of Ethereum, also called “whales,” have been selling their Ethereum, which is the second-biggest cryptocurrency. Ethereum’s price has gone down by more than 10% in the last week and is now around $1,650. Looking at how it’s doing on the charts, it…
Linda Jones highlights the gap between XRP’s price and its real value, seeing the recent price dip as a special chance for smart investors. Clearer XRP regulations enhance its potential for being adopted by institutions. In the ever-changing world of cryptocurrencies, when prices go down, people react in different ways. Linda Jones, a financial expert,…
The BTC price moved out of its usual range and made people sell it at levels we last saw in June. It might keep dropping to $20,000. The price of Bitcoin dropped a lot in the Asian business hours on Friday. In just one day, it went down almost 8% to reach $26,362. Bitcoin had…
Nigeria’s Bureau de Change operators want the government to ban Binance, a digital asset exchange. They say Binance has been affecting the naira, the country’s currency. Alhaji Aminu Gwadabe, who leads the Association of Bureaux De Change Operators of Nigeria (ABCON), explained that Binance is a major platform for both regular trading and the parallel…
Bitcoin (BTC) has been trading in a narrow range, but will its price go beyond $32,000 next week? Experts share their thoughts. Bitcoin (BTC) is still the most talked-about digital money in the crypto world. Its price hasn’t been very exciting lately, staying in a small range. A big analyst named CrediBULL has shared what…
There are more than 1.8 million cryptocurrencies out there, and it can be hard to know which one to look at. Sometimes, it’s easier to listen to what others say, but you have to be careful. So, Finbold made a list of five cryptocurrencies that are sold for less than $1 each on August 11….
On Thursday, cryptocurrency exchange Gemini finally revealed its awaited plan to support XRP trading. Users can now deposit XRP tokens on the exchange, with trading for the XRP/USD pair expected to launch shortly. This move follows similar actions by U.S.-based exchanges Coinbase, Kraken, and Crypto.com, who relisted XRP after the Ripple lawsuit against the U.S….
Earlier this year, well-known crypto expert DonAlt shared his view that the biggest cryptocurrency, Bitcoin (BTC), is facing a bearish trend. He advised investors, saying that Bitcoin has entered a bearish zone. A crypto expert known as DonAlt has cautioned investors about Bitcoin’s situation. According to DonAlt, Bitcoin is now in a downward trend after…
Alchemy Pay, a prominent fiat-to-crypto payment gateway, has formed a partnership with the fully USD-backed stablecoin TrueUSD. Through this collaboration, Alchemy Pay’s On-Ramp solution now offers direct purchases of TrueUSD. Users can conveniently buy TrueUSD directly from Alchemy Pay’s Ramp page. Smooth Onboarding into TrueUSD Ecosystem The integration of Alchemy Pay and TrueUSD enables users…
According to the co-founder of crypto analytics firm Glassnode, the current macro environment is perfect for riskier assets like Bitcoin to flourish. The analyst, known as Negentropic, shared on Twitter that the U.S. Dollar Index (DXY) is weakening, which he believes is beneficial for Bitcoin. Negentropic also points out that the Nasdaq 100 is approaching…
The Shiba Inu [SHIB] ecosystem has been busy burning SHIB tokens as they get ready for the highly anticipated launch of Shibarium. In July, the community burned a significant number of SHIB tokens, totaling 2,094,566,264. They sent these tokens to inactive wallets through a series of 412 transactions during the month, according to Shibburn’s report….
The cryptocurrency market is currently experiencing minor upward movement compared to the previous day’s close. However, the overall trend remains relatively stable, with the leading cryptocurrency hovering around $29,500 without significant changes. On the other hand, several popular altcoins are showing signs of bullish momentum and seem to be patiently waiting for the right opportunity…
The Shiba Inu community is expecting a big price increase when Shibarium is launched. As a result, the SHIB and BONE tokens have surged in value. The community is optimistic due to the deflationary mechanism in place. The Shiba Inu ecosystem has become a focal point for investors, especially with the upcoming launch of Shibarium,…
Polygon (MATIC) experienced a significant turning point in Q2 2023, with the Polygon 2.0 upgrade, new tokenomics, and a POS upgrade. Despite a recent decline in price, long-term bullish sentiment remains, pointing to positive prospects for Polygon (MATIC). The coin saw a 3.3% drop in the last 24 hours and a 7.5% decline in the…
Solana (SOL) has recently experienced a notable downturn and struggled to stay above the $32 mark, remaining below a strong resistance level. However, a potential breakthrough could lead to a 20% price appreciation. In the last 24 hours, SOL saw a modest surge of 2.2%, but its performance on the weekly chart showed minimal upward…
Dogecoin is once again in the spotlight, thanks to Elon Musk and technical readings that suggest the meme coin could be poised for a comeback. Dogecoin Price Surges 40%, Majority of Addresses Now Profitable Over the past six weeks, Dogecoin has witnessed a significant 40% recovery, resulting in more than half of all DOGE addresses…
JPMorgan analysts say that, the Bitcoin halving could lead to a shakeout among miners, with those with higher costs being forced to exit the market. The upcoming Bitcoin halving will be a test for miners, as it will reduce rewards and increase costs. Miners with lower electricity costs will be more likely to survive, while…
In the inaugural institutional-grade crypto ESG ranking conducted by CCData, Ethereum (ETH) emerged as the top-ranked cryptocurrency, while Bitcoin (BTC) did not make it to the top 10. The top five cryptocurrencies in the ranking are Ethereum (ETH), Solana (SOL), Cardano (ADA), Binance Coin (BNB), and Aptos (APT). Notably, Ethereum (ETH) is the sole crypto…
A renowned analyst, known for accurately predicting Bitcoin’s 2018 bear market bottom, foresees a further downward movement for the leading cryptocurrency. An analyst, known as Bluntz, with a substantial following of 223,600 on Twitter, suggests that Bitcoin (BTC) has potentially formed a bearish lower high pattern on the four-hour chart. Bluntz indicates that based on…