Why Bitcoin Could Be Less Than 120 Days Away From Retesting ATHs
Bitcoin price is currently pulling back alongside the broader crypto market following a strong move from $20,000 to $29,000 in a matter of two weeks. The sharp rally has the market speculating that a bottom might be in. If the bottom is indeed in…
XRP “Social Dominance” Hits 1-Year High, Here’s What This Means
Data shows the XRP social dominance has hit a 1-year high recently; here’s what this may mean for the cryptocurrency’s price. XRP Social Dominance Is Now At Its Highest Level In 50 Weeks According to data from the on-chain analytics…
Decentraland (MANA) Turns Bearish After It Loses This Important Support Level
In the past week, MANA has turned bearish, and at press time, the altcoin continued to show similar trading patterns. On higher time frames, the coin was negative, with selling strength remaining considerably higher than buying pressure. The…
Binance Sees $218 Million In Outflows Following CFTC Lawsuit
Following the announcement of the lawsuit by the US Commodity Futures Trading Commission (CFTC) against Binance, the world’s largest cryptocurrency exchange, there have been reports of significant capital outflows. The exchange has reportedly…
XRP Continues Rally Taking Over 28% Of Total Volume On Major Korean Crypto Exchange
While the rest of the crypto market has seen sharp declines over the past week, XRP has only continued to boast bullish moves. Over the past seven days, the asset has surged by more than 20%, emerging as the top gainer among large crypto by market…
Ripple’s XRP Is A Buy At Current Prices, Says John E. Deaton
The SEC vs. Ripple case is drawing to its end, sparking diverse predictions and speculations. Recall that the case has dragged on since 2020, with the commission seeking to categorize XRP under Securities. After nearly three years of rigorous…
Is Bitcoin Undervalued Or Overvalued? Here’s What NVM Ratio Says
The Bitcoin Network Value to Metcalfe (NVM) ratio has hit a high of 0.75 recently. Here’s what this tells us about the current BTC market. Bitcoin NVM Ratio Has Been Riding An Uptrend Recently As pointed out by an analyst in a CryptoQuant…
Polygon Launches Its zkEVM, Why It’s Bullish For MATIC
In July 2022, Polygon Labs, zkSync and Scroll ZKP launched a race to build the best zero-knowledge Ethereum Virtual Machine (zkEVM). After $1 billion in funding, two external audits, and an internal audit of 26 researchers, today is the day –…
Top 5 Cryptos Showing Resilience And Expected To Rally This Week
Recently, the market for cryptos has witnessed a notable shift in price movements as they surged from critical support levels. The crypto market cap has been experiencing a slight relief lately, with the aim to regain its $1.2 trillion resistance…
Why This Economics Professor Thinks Bitcoin Is Worthless
Steve Hanke, a professor of Applied Economics at Johns Hopkins University, is the latest scholar to trash Bitcoin. Bitcoin Has No Fundamental Value, Says Professor In a tweet on March 26, Hanke said Bitcoin is not a currency but a speculative asset…
Elon Musk Points Out ‘Most Serious Looming Issue’ In Banking, Bitcoin To Moon?
Tesla CEO Elon Musk has pointed to the “most serious looming issue” in the banking system in a new tweet. On Twitter, Musk was responding to an analysis by The Kobeissi Letter, which noted that more than $2.5 trillion in commercial real…
BNB Price Close Above $340 Could Spark Larger Rally To $400
BNB price (Binance coin) is showing positive signs above the $320 level against the US Dollar. It could continue to move up if there is a break above the $340 resistance. Binance coin price is showing bullish signs above the $320 level against the…
Bitcoin Price Surge Threatened By Liquidity Crunch – What To Expect
Bitcoin market liquidity is currently a major point of concern within the cryptocurrency sphere. The lack of depth in the market has led to significant price slippage when large orders are executed, resulting in erratic price swings that can…
Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1.8K
Ethereum price started a fresh decline from the $1,860 resistance against the US Dollar. ETH could move down below $1,730 if it stays below $1,800 for a long time. Ethereum started a downside correction below $1,800 and $1,780. The price is trading…
Bitcoin Price Extends Consolidation and Might Soon Gear For Fresh Lift-off
Bitcoin price is still consolidating above the $27,000 support. BTC could start a fresh surge if there is a successful move above the $28,150 resistance. Bitcoin is moving higher above the $27,500 resistance. The price is trading above $27,500 and…
Euler (EUL) Up 25% As Hacker Returns 51,000 ETH From Stolen Loot
EUL, the native token of the DeFi lending protocol Euler Finance, is currently experiencing an impressive price rally driven mainly by news of the protocol recovering some of the stolen funds from the $200 million hack that occurred earlier this…
MakerDAO Maintains Trust In USDC Despite Depeg Debacle
MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin. Although USDC experienced a temporary depeg earlier this month, an…
The surge of the largest cryptocurrency in the market, Bitcoin (BTC), has caught the attention of investors and analysts, with many drawing parallels to BTC’s performance in Q1 2021. While the similarities are striking, some experts caution against…
XRP Might Target $0.50 If It Continues To Trade Above This Level
XRP has been trading on a bullish streak over the last few days. In the past week, the altcoin appreciated by close to 18%. On the daily chart, however, XRP slipped nearly 4%. Despite the fall on the daily chart, the altcoin was moving with bullish…
Number Of Ethereum Addresses In Profit Hits 10-Month High As ETH Continues Rally
After several spikes since the beginning of the year, up over 40% from January, Ethereum investors have profited, translating into key metrics. According to the on-chain analysis firm Glassnode, the number of Ethereum addresses in profit has now…
Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?
Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors. Bitcoin Coinbase Premium Index Has Gone Down In Recent Days An analyst in a CryptoQuant post pointed out…
Why Litecoin Could Be Gearing Up For Its Greatest Rally Since 2017
Litecoin price is up 10% this week, and more than 40% since its big brother Bitcoin began soaring amid the banking crisis. This could be barely a glimmer of what’s to come, according to a potential Elliott Wave Principle chart pattern called…
ARK Invest Buys $18M Worth of Coinbase Shares As The Price Tumbles
In a recent development, Cathie Woods Ark Invest purchased 268,928 Coinbase (COIN) shares following the Wells notice from SEC. The report revealed that the investment firm had sold 160,887 Coinbase shares from its Fintech Innovation ETF, making it…
On-Chain Data Indicates Ethereum’s Bullish Trend Could Continue
Of all the altcoins in the crypto space, the price of Ethereum has been the one that has closely followed the performance trend of Bitcoin. The digital asset has been able to clear the $1,800 level multiple times, dragging more investors into…
NEO Token Surges 5% In Last 24 Hours Despite Market Downtrend
NEO emerged as number two among the top-gaining coins today when most cryptocurrencies are down. CoinMarketCap data shows the token has increased by over 5% over the last day and is trading at $12.77. NEO also recorded a 6.62% price gain on the…
Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price
A quant has explained using on-chain data how the Bitcoin Exchange Stablecoins Ratio (ESR) may act as a leading indicator for the price. Bitcoin ESR Has Shown Divergence From The Price Recently As explained by an analyst in a CryptoQuant post, the…
Bitcoin Will Be Stronger Despite Attacks From the US, Says HRF’s Executive
Alex Gladstein, the Chief Strategy Officer (CSO) of the Human Rights Foundation (HRF), believes Bitcoin will emerge stronger than ever despite “attacks” from the United States government. Bitcoin Will Survive Attacks In a tweet on March…
3 Reasons To Remain Bullish On Bitcoin In Coming Months
The Bitcoin price is currently consolidating below the key resistance zone at $28,300. Both from a historical perspective and based on current macro events, there are good reasons to remain bullish and expect the price to continue to rise. US…
Over 472,845 Claim Nearly 892 Million Arbitrum (ARB) Tokens
Dune Analytics data on March 24 reveals that 472,845 ARB claimers have received roughly 892 million tokens since the airdrop began. The ARB Airdrop As of March 24, there were precisely 891,924,000 ARB tokens claimed, translating to a 76.75% claim…
Bitcoin Liquidity Crisis Gets Worse, Here’s What It Means For Price
Conor Ryder, researcher at digital asset data provider Kaiko, has examined the liquidity of the Bitcoin and crypto markets in a new study, finding that the liquidity situation in crypto has deteriorated further this month following the banking…
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