Shiba Inu (SHIB) Price Continues To Decline – What’s Causing The Drop?
The past few days have seen a decline in the price of crypto assets such as Shiba Inu (SHIB), with inflation and other macroeconomic factors in play, as other cryptocurrencies registered gains. Macroeconomic factors have historically impacted…
What’s Next For Investors As Cardano Threatens To Slip Further?
The Cardano price continued to depict a strong bearish influence in the market. The coin lost over 7% of its value over the last 24 hours. On a weekly time frame, ADA was down by 14%. The extended price pullback might continue, so investors should…
Bitcoin Long-Term Holders Dump As BTC Plunges Under $17K
On-chain data shows Bitcoin long-term holders are dumping their coins as BTC plummets below the $17,000 level. Bitcoin Long-Term Holder SOPR Spikes Today As pointed out by an analyst in a CryptoQuant post, some BTC long-term holders seem to have…
Bitcoin Backpedals To $16,000 Level As Crypto Market Sheds $50 Billion
In the past 24 hours, Bitcoin has slid beneath the important support level of $17,000 as weekly bears have taken the driver’s seat. The most popular cryptocurrency is presently selling at $16,723, a decrease of 2.5% over the past week. There…
Japanese Government To Ease 30% Crypto Tax Requirement – A Good Move?
Presently Japanese crypto firms pay a set 30% corporate tax rate on their holdings, regardless of whether or not they made a profit. Due to this stringent tax law over the past years, some local crypto firms reportedly chose to move their business…
Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?
On-chain data shows the number of stablecoin transactions going into spot exchanges have risen recently, something that could help fuel a Christmas Bitcoin rally. Stablecoin Deposits To Spot Exchanges Have Shown Increasing Demand Recently As…
Glassnode Raises Concerns Over Binance PoR Data, Was There A Mistake?
Binance, as one of the leading crypto exchanges, tried to exhibit transparency in its operations, especially on the security of customers’ funds. This led it to publish its proof of reserve (PoR) reports. However, the collapse of some firms…
Polygon Profitability Tanks As MATIC Nosedives 5.6%
MATIC has had a rollercoaster of a year. Its price has fluctuated between cycle peaks and cycle lows year-to-date but has seen some good recoveries as well. However, as the week draws to a close, MATIC dove off its $0.9 cliff, and investor…
Double-Digit Losses Brings Doge Below Critical Level, More Pain To Follow?
Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto…
ADA Price Sheds 5% In The Last 7 Days Even As Trade Volume Soars
Cardano has been on the downside since ADA reached an all-time-high of $3.10 back in September 2021. As of writing, the 9th top crypto has dropped 5% in the last seven days. In comparison, major cryptocurrencies like Ethereum lost over 4.5%, and…
Bitcoin Plummets Below $17,000 After Audit Firm Mazars Pauses Work For Binance
The Bitcoin price has once again fallen below the $17,000 mark after it became known that the auditing firm Mazars will pause its work with Binance. Already in the last few days, rumors and FUD about Binance intensified. As NewsBTC reported…
End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours
Litecoin has observed a plunge of more than 7% in the last 24 hours, suggesting that the coin’s bullish momentum may have come to an end. Litecoin Drops Hard TodayS But Is Up 20% In The Last Month While the rest of the crypto market was…
Solana: This Minor Hiccup Didn’t Discourage Investors From Acquiring SOL – Until Today
On the day following the implementation by the US Federal Reserve of the 50-basis point hike, Solana (SOL) saw accumulation rather than a sell-off, despite the altcoin’s 4% decline. Prices for Bitcoin and Ethereum and other cryptocurrencies…
Bitcoin Miner Capitulation Is An Exaggerated Fear, Analyst Claims
Jaran Mellerud of Hashrate Index recently released a ‘comprehensive analysis’ on the thesis that a Bitcoin miner capitulation could put massive selling pressure on the market, causing a crash. The topic has been a recurring part of the…
This Asset Management Firm Raises Over $70 Million Amid Crypto Winter
Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ETFs allows users to enjoy institutional custody…
Ethereum Price Just Signaled “Sell” And It’s Vulnerable to More Downsides
Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs. Ethereum started another decline and traded below the $1,300 support. The price is now trading below $1,290 and…
Bitcoin Price Prediction: Why BTC Could Still Tumble Below $16K
Bitcoin price failed to clear $18,000 and corrected lower. BTC is signaling bearish signs and might even start a fresh decline in the coming sessions. Bitcoin started a downward move and traded below the $17,600 support. The price is trading below…
XRP whales have taken advantage of the price decline recorded in the crypto market to fill up their bags. These large investors have been rapidly buying up the tokens and increasing the percentage of supply they hold. In the last month, the…
What Is COCOS? And How It Ended Up Replacing XRP In The Crypto Top 10?
An unknown cryptocurrency called Cocos-BCX (COCOS) surprised market participants by sneaking into the crypto top 10 by market cap. Out of the bloom, the token records over $25 billion in market capitalization, according to data from CoinMarketCap. …
This Indicator Says MATIC Price Correction Is Not Done
MATIC price is currently undergoing a correction. Over the last 24 hours, the coin has lost more than 4% of its market value. Signs on the chart currently suggest that MATIC is going to remain in the correction territory for some time. All the…
AVAX Eyes The Next Resistance, Is It Time To Go Long?
The Avalanche (AVAX) price has been undetermined for quite a number of weeks now. The altcoin is now logging gains on the daily chart as it rose over 3% in that time frame. The coin shows signs of optimism ever since it moved up from the $12.90…
Binance Coin Facing Massive Sell Pressure? Mithril Team Wants 200,000 BNB Back
In an announcement today, Binance declared that based on recent reviews, it has decided to delist the Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) tokens on December 22, 09:00 (UTC) and cease trading on all…
Why This Bitcoin Bearish Divergence Could Spell Doom For BTC Rally
A quant has explained how this bearish divergence in Bitcoin on-chain data can lead to a short-term correction in the price. Bitcoin Short-Term Holder SOPR Has Been Slowing Down Despite Price Going Up As explained by an analyst in a CryptoQuant…
Bitcoin Price Poised To Continue Its Rally As Whales Turn Bullish After 14 Months
The bitcoin price has seen a minor rally ahead of yesterday’s FOMC meeting and has held relatively strong despite the hawkish outlook from the US central bank. A look at the daily chart of BTC shows that the price managed to hold above…
Ethereum Active Addresses At Highest Since May 2021, Good News For ETH?
On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300. 637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently…
Bitcoin Price Crystal Ball – What Happens To BTC After Christmas 2022?
Bitcoin and the broader crypto market rapidly reversed course in response to the U.S. Federal Reserve’s announcement of a 50-basis-point increase in interest rates, erasing any gains made before the disclosure. The Federal Reserve has been…
Tron Price Prediction: Why TRX Could Outperform BTC and ETH
Tron price is up over 5% and showing positive signs above $0.055 against the US Dollar. TRX could outperform bitcoin and rise further towards $0.060. Tron price is trading in a positive zone well above the $0.0520 pivot level against the US dollar…
Ethereum Price Resilience Gives us Pause, but Not out of Woods Yet
Ethereum jumped and tested the $1,350 resistance against the US Dollar. ETH corrected lower, but the bulls are active near the $1,280 support. Ethereum was able to clear the $1,300 and $1,320 resistance levels. The price is now trading near $1,290…
Bitcoin Price Retreats After Fed Decision But 100 SMA Is The Key
Bitcoin price climbed higher towards $18,400 before there was a bearish reaction. BTC is now trading near a major support at $17,550 and might bounce back. Bitcoin broke the $18,000 resistance zone before there was a downside correction. The price…
Bitcoin Volatility Explodes Around $18K Level, As Fed Reveals 50 Basis Point Rate Increase
Bitcoin price touched a high of nearly $18,400 in anticipation of today’s Federal Reserve meeting, where the US central bank was expected to raise interest rates by 50 basis points. Volatility picked up as the Fed meeting commenced, with Bitcoin…
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