Ethereum Bearish Signal: Profit-Taking Hits Highest Level Since Feb 2021
On-chain data shows Ethereum profit-taking has spiked to high levels not seen since February 2021, a sign that could be bearish for the asset’s price. Ethereum Profit Taking Rises As ETH Continues To Rally As per data from the on-chain…
Cardano Price Faces Make-or-Break Moment, Can Djed Propel ADA?
The Cardano price is experiencing a strong year-to-date (YTD) increase of around 62%. Nevertheless, ADA is facing a crucial make-or-break moment in the 1-day chart, which could decide the long-term trend. At press time, the ADA price was at $0.40…
Polkadot’s DOT started a fresh increase from the $6.00 support against the US Dollar. It is consolidating gains and might start a fresh rally above $6.80. DOT is holding the ground above the $6.00 and $6.20 levels against the US dollar. The price…
Ethereum Price Looks Ready For Another Leg Higher Over $1,700
Ethereum is correcting gains from the $1,700 resistance against the US Dollar. ETH could again unless there is a downside break below the $1,600 support zone. Ethereum spiked above the $1,700 resistance zone before it corrected lower. The price is…
Bitcoin Price Just Saw Key Technical Correction, But 100 SMA Is Still Strong
Bitcoin price is correcting gains below the $24,000 zone. BTC is holding the $23,250 support and might attempt another increase in the near term. Bitcoin is correcting gains from the $24,250 resistance zone. The price is trading above $23,250 and…
The crypto industry has seen a lot of hype at the beginning of 2023, and the VeChain Foundation is trying to keep up. The sector is attracting attention around non-fungible tokens (NFTs), the Metaverse, Web3, and, more recently, artificial…
Twitter Scraps Free API Access, Crypto Developers Must Pay
From February 9, anyone who wishes to use the Twitter application programming interface (API) will have to pay. Twitter Scraps Free API Access In an announcement on February 2, Twitter, one of the world’s largest social media platforms, said they…
Binance Integrates Binance-Pegged BUSD On Optimism Network
Binance, a leading cryptocurrency exchange by client count and trading volumes, has integrated Binance-Pegged BUSD on the Ethereum layer-2 platform, the Optimism Network. Binance Integrates The Optimism Network In a press release on February 2…
SOL Surges Nearly 7% As Team Preaches A Better Future For Solana
After Solana’s unfortunate connection with the FTX crash last year, sending SOL below $10, the crypto asset has been thriving to rebound with the team’s help. The Solana co-founders, in a blog post published earlier this week, commented…
Bitcoin Short-Term Holder Profit Taking Reaches Levels Not Seen Since Nov. 2021
On-chain data shows the Bitcoin short-term holder profit-taking has reached high levels not seen since the November of 2021. Bitcoin Short-Term Holder SOPR Has Shot Up Recently As pointed out by an analyst in a CryptoQuant post, a near-term top…
Crypto Market Still Reeling As Bitcoin’s Break Above $24,000 Triggers Liquidations
On Wednesday, the crypto market received favorable news in form of the FOMC announcement and the price of Bitcoin eventually broke above $24,000. With the Fed turning dovish after being hawkish all through 2022, it has been a beacon for the crypto…
Shiba Inu’s Price Surge Is In Jeopardy Due To This SHIB Whale
The upcoming launch of Shibarium is raising high hopes in the Shiba Inu community that the SHIB price will rise due to an expanded use case beyond a meme coin. However, a known SHIB whale could derail the hoped-for price rally. As one of the…
AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adoption
Avalanche (AVAX) seems to be reaping the benefits of recent partnerships its network sealed with Amazon and finance platform Intain. In fact, despite experiencing severe price drops together with the rest of the broader crypto market during the…
Coinbase Wallet Introduces “Transaction Preview” For Better Security
Coinbase Wallet, a non-custodial multi-currency wallet, is adding a new security feature, “Transaction Preview,” to give its community “greater peace of mind during dApp transactions.” Transaction Preview Feature The new…
BNB Price is Surging as The Gates To $400 Are Now Open
BNB price (Binance coin) found support near $300 against the US Dollar. BNB rallied above $320 and might aim more upsides towards the $400 level. Binance coin price started a steady increase from the $300 support against the US Dollar. The price is…
Ethereum Price Hits $1,700 and ETH Is Poised For More Upsides
Ethereum is up over 5% and trading above $1,650 against the US Dollar. ETH could rise further if it clears the $1,700 resistance zone. Ethereum gained pace and rallied above the $1,660 resistance zone. The price is now trading above $1,650 and the…
Bitcoin Price Rally Post Fed Rate Hike Could Gather Momentum, Here’s Why
Bitcoin price is rising and gaining pace above the $23,500 resistance. BTC climbed to a new yearly high after the fed increased rates by 25bps. Bitcoin is up over 3% and there was a clear move above the $23,800 resistance. The price is trading…
MATIC May Take The Crypto Market By Surprise, Here’s Why
MATIC made a 180-degree turn at the beginning of the year, following Bitcoin’s lead. The token, used to govern and secure the Polygon Network, had consolidated since mid-July, with some erratic price action recorded in November. At the time…
Are Nigerians Really Buying Bitcoin For As High As $34,000?
Over the last couple of weeks, reports have emerged that crypto users in Nigeria have been buying bitcoin (BTC) for a pretty hefty premium. On the surface, it may seem that these reports are accurate, but they are essentially wrong, and this report…
FED To Put Off Interest Rate Hikes, Bitcoin Rallies: Here’s Why
Bitcoin is shaking off sellers of January 30, price action on late February 1 shows. The FED Raises Interest Rates The spark in BTC demand is because of Federal Reserve (FED) Chair Jerome Powell’s comments on the general economy and the central…
Litecoin (LTC) recently saw an impressive 80% rally after the first ten days of November 2022. According to Santiment, a crypto analytics firm, this remarkable increase results from two key factors. Reasons Behind Litecoin’s Bullish Trend…
Bitcoin Monthly Signals Stack Suggesting Bulls Are Ready To Stampede
Bitcoin price closed the January monthly candle with the largest climb since the 2021 bull market ended. Considering the macro conditions and risk of recession, the market remains skeptical of further upside. However, the monthly candle structure…
Why Ark Invest Believes Bitcoin Could Emerge As Multi-Trillion Dollar Market
Bitcoin has returned to a consolidation state as the macroeconomic dust settles in the coming days. The number one crypto by market capitalization rallied for most of January and is now entering a new month with market expectations of higher…
Social Token Platform ‘Rally’ Shuts Down Sidechain, Native Token RLY Plunges 10%
Social token platform ‘Rally’ announced on January 31 the shutdown of its sidechain blockchain network, meaning that users would not be able to access non-fungible tokens (NFTs) on its sidechain. Rally communicated the shocking message…
Bitcoin and Ethereum Whale Activities Plummets, Are Whales Getting Bored?
Over the past few weeks, Bitcoin and Ethereum have moved significantly, initiating a bull run. While the rally seems to be nonstop, one thing worth noting is that the frontline cryptos seem to be lagging behind at the backend. On Tuesday, On-chain…
Binance Lauds United Kingdom’s Proposals To Properly Regulate Cryptocurrencies
Binance, a top cryptocurrency exchange by trading volumes and client count, has praised the United Kingdom’s decision to consult as they look to establish a framework that will see cryptocurrencies better regulated, spurring adoption in the…
Stablecoin Supply Approaches Death Cross, Bad News For Bitcoin?
On-chain data shows the stablecoin supply long-term and short-term moving averages are close to a death cross. Here’s what it means for Bitcoin. Stablecoin Circulating Supply Moving Averages Close In On Death Cross As pointed out by an…
‘No, DeFi Is Not Dead,’ Says Ex-Founder Of Yield Finance
Andre Cronje, the co-founder of Fantom Foundation and the ex-creator of Yield Finance, a DeFi protocol, disagrees with people who say DeFi is dead and the period of high yields is gone. DeFi Is Not Dead In a Medium post on February 1, Andre agrees…
Nostr Decentralized Social Network Now On Apple and Google Stores
Nostr, the decentralized social network supported by Jack Dorsey, the former CEO of Twitter, can now be downloaded on Apple and Google app stores. Nostr On App Stores Per a tweet on January 31, Jack Dorsey said the app can now be downloaded via its…
Time To Sell Bitcoin And Crypto? ‘Big Short’ Michael Burry Tweets ‘Sell’
Just hours before the U.S. Federal Reserve’s interest rate decision today, legendary trader Michael Burry issued a warning for the financial market that could affect Bitcoin and crypto as well. The “Big Short” investor tweeted a…
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