Bitcoin Thrives: What’s Behind BTC Bounce To $24,000? This Analyst Says
In the financial crisis that has engulfed the U.S. banking system and the global economy, Bitcoin (BTC) thrived over the weekend. The cryptocurrency surpassed the $23,000 level and seems poised to take by storm the lost territory at $25,000. After…
Bitcoin Sharks & Whales Accumulated $821.5 Million During Dip: Santiment
On-chain data from Santiment shows Bitcoin sharks and whales accumulated around $821.5 million in the asset during the recent dip in the price. Bitcoin Sharks And Whales Have Added 40,557 BTC To Their Holdings Recently As per data from the on-chain…
Hayden Adams, the founder of Uniswap, is convinced that banks are “massive scams” compared to decentralized finance (DeFi) protocols. Hayden Adams Thinks Banks Are Scams In a recent tweet, Adams criticized banks’ low collateral…
Calm Before The Storm? 7,000% ROI Bitcoin Signal Resurfaces
Bitcoin price gained more than 20% since last Friday, when the top cryptocurrency by market cap retested $20,000, briefly falling below the level. The calm before the storm might be starting to break, with BTC about to unleash a powerful rally…
Cardano (ADA) Rallies 8% In The Last Day, What’s Next?
One of Ethereum’s strongest competitors, Cardano (ADA), is among the top-gaining coins today, with an 8% price increase on the last day. This comes after several days of a bearish slump in prices across the market, causing ADA to lose most of its…
Bitcoin (BTC) Surges Above $24,000 Amid US Bank Crash
They say nothing is impossible in the crypto market and according to Bitcoin’s (BTC) latest price action, that saying might not be false as the top crypto has just climbed above $24,000 despite the ongoing US bank crash saga. Over the past 24…
LDO Leads Top Cryptocurrencies, Rises 20% In The Last Day
The crypto market has been painted green today, with many cryptocurrencies trading at massive 24-hour gains. It appears that last week’s bears have given way to the bulls. But as analyst McGlone predicted, the February CPI data release will…
Bitcoin Bulls Gain Strength, But Is The Fed Really Forced To Pivot?
According to a tweet today from Arthur Hayes, co-founder of BitMEX, Bitcoin and the broader crypto market are poised for a new bull run in the face of the brewing banking crisis. But there are some question marks behind the assertion. Will the Fed…
Bitcoin Breaks Above $22,000 As Whales Show Buying Activity On Coinbase
Bitcoin has broken above $22,000 again as on-chain data shows signs that whales have been buying BTC on Coinbase recently. Bitcoin Coinbase Premium Gap Has Been Highly Positive Recently As pointed out by an analyst in a CryptoQuant post, the…
Crypto Exchange Coinbase And Others Disclose Funds In Shuttered Signature Bank
The crypto industry has seen a series of closures among the banks lately. First, Silvergate Capital Corporation closed shop, announcing that it would liquidate its bank. Then Silicon Valley bank followed suit, recording a massive decline in its…
USDC Feeling Intense Pressure Despite Fed Action To Halt SVB Contagion
USDC and other cryptocurrencies were having a rough trading session Monday following an announcement from U.S. authorities outlining measures to minimize the impact of the collapse of Silicon Valley Bank. Concerns regarding Circle’s $3.3…
$1 Billion Buying Pressure On Bitcoin, ETH, BNB Incoming, Binance Will Convert Recovery Fund
Bitcoin and the broader crypto market showed a strong recovery on Sunday afternoon (EST), although it was probably the most chaotic weekend in a long time. The crypto ecosystem lost another key banking partner. The good news was that there is a…
Cardano (ADA) Price Rally Reaches Crucial Juncture, $0.35 Is The Key
Cardano’s price started a fresh increase above the $0.32 resistance. ADA rise further if it clears the $0.350 resistance zone. ADA price is gaining bullish momentum above the $0.320 support against the US dollar. The price is trading above $0.320…
Ethereum price rallied over 10% and broke the $1,600 resistance against the US Dollar. ETH could continue to rise if it stays above the $1,580 support zone. Ethereum started a major increase above the $1,565 resistance zone. The price is trading…
Bitcoin Price Rallies 10% But This Resistance Is The Key To Reversal
Bitcoin price surged over 10% and cleared the $22,000 resistance. BTC must surpass $22,600 and $22,800 to continue higher in the near term. Bitcoin started a strong increase above the $21,500 resistance zone. The price is trading above $22,000 and…
Silicon Valley Bank Falls – Will US Interest Rates Drop To 3.75%?
In a recent CNBC interview, Larry McDonald, the author of “The Bear Traps Report,” believes that the current turmoil in the financial markets may prompt a sharp reversal from the Federal Reserve’s aggressive monetary tightening…
Is Moody’s Ratings Downgrade The Reason Why Silicon Valley Bank Fell?
The collapse of Silicon Valley Bank and news that Circle, the issuer of USDC, was exposed to the tech lender has caused reverberations across the stock and crypto markets. However, could Moody’s rating downgrade of SVB have accelerated the…
Shiba Inu Continues To Reduce Token Supply, Removes 490 Million SHIB In One Day
Shiba Inu is among the tokens that use a burning mechanism. It has continually burnt millions of SHIBs to balance its demand and supply, sometimes pushing the price slightly. The network removed 490 million SHIBs in one day in this latest burn. One…
Coinbase Stands Firm: Staking Services Will Continue Despite SEC Scrutiny
Even with the Securities and Exchange Commission’s position on staking, Coinbase, the popular crypto exchange, has assured its customers of continuing the service on its platform. In its email, the exchange promised that the staked amounts…
Will The United States Federal Reserve Bail Out Silicon Valley Bank?
The collapse of Silicon Valley Bank has sent shockwaves through the financial world, with many wondering whether the United States Federal Reserve will step in and bail out the startups and venture capital lender. SVB Collapse Raises Doubts The…
Binance And Coinbase Temporarily Suspend USDC Conversion After Silicon Valley Bank Collapse
The two biggest cryptocurrency exchanges, Binance and Coinbase, have revealed that they would temporarily suspend USDC conversions on their platforms. This comes in the aftermath of the collapse of US lender Silicon Valley Bank and concerns about…
Long Queues Seen At Silicon Valley Bank-Owned Boston Private – A Bank Run?
Long queues have been observed at Boston Private, a banking service provider, that was recently acquired by Silicon Valley Bank (SVB). Bank Run At Boston Private Bank? According to Lawrence Lepard, an investment manager, Boston Private might be…
Shiba Inu Outpaces Dogecoin With 23% Price Increase In 2023
Shiba Inu is winning the crypto meme coin race in 2023 with over 23% gains. The debate about the better meme coin, Shiba Inu or Dogecoin, is rife in the crypto industry. However, based on the market performance of the tokens this year, Shiba Inu…
USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why
USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass…
Bitcoin Timing Tool Says This Might Be The Dip Worth Buying
Bitcoin price is trading just below $20,000 for the first time since January — a level that bulls definitely don’t want to lose. Considering the increasingly intense crackdown on crypto by the United States and a macroeconomic disaster brewing…
PancakeSwap TVL Drops 12%, Did This Exchange Received A Lethal Blow?
PancakeSwap (CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion. The crypto crackdown by regulators targeting…
Polygon (MATIC) Down By 7% Amidst Massive Whale Activity
MATIC, the utility token of the Polygon network and one of the biggest altcoins, has been on a steady decline in the last few weeks along with most of the crypto market due to the ongoing financial troubles of the popular crypto-friendly bank…
Bitcoin Long-Term Holders Still Holding Strong Despite Price Decline
On-chain data shows that Bitcoin long-term holders have continued to hold strong recently despite the price of the asset taking a blow. Bitcoin Long-Term Holders Continue To Not Show Any Significant Movements As pointed out by an analyst in a…
“Buy Bitcoin,” Says Messari CEO Amid Market Downtrend
With the Bitcoin market never having a standard state given its volatility, several sentiments can be seen being expressed even at odd times such as the ongoing massive sell-off. Just as some are panic-selling, some are keen on standing their…
Why Did Bitcoin Plunge? Here’s What On-Chain Data Says
Bitcoin has slipped under the $20,000 level today for the first time in two months. Here’s why this plunge may have taken place, according to on-chain data. Bitcoin Price Dropped With Coinbase Premium Turning Negative As pointed out by an…
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