Shiba Inu Market Cap Climbs By $500 Million – Is A Price Rally On The Horizon?
Shiba Inu (SHIB) has made significant strides in the digital asset market, currently holding a market capitalization of over $4.4 billion. This remarkable achievement has propelled SHIB to claim the 18th position among the largest cryptocurrencies…
Ethereum Price Topside Bias Vulnerable If ETH Drops Below $1,825
Ethereum price failed again to clear the $1,900 resistance against the US Dollar. ETH is declining and might revisit the $1,825 support zone. Ethereum topped near the $1,900 resistance and declined. The price is trading below $1,880 and the…
Bitcoin Price Fails To Follow Gold After US CPI, More Losses Ahead?
Bitcoin price failed to gain bullish momentum after the US CPI release. BTC is trading below $30,500 and there is a risk of a drop toward $29,850. Bitcoin failed to clear the $30,850 resistance and reacted to the downside. The price is trading…
Litecoin Becomes 10th-Largest Cryptocurrency, But Is There Still Room To Run?
Litecoin has seen one of the most impressive runs of any cryptocurrency over the last couple of weeks and this run has propelled the altcoin’s standing in the industry. After rallying more than 30% over a period of three weeks, the digital asset is…
Chainlink Price Stalls At Key Support Level, Have The Bears Taken Over?
Over the past week, the Chainlink price has been hovering around its local support level, as altcoins have displayed similar indecisiveness in response to broader market sentiment. However, in the last 24 hours, Bitcoin and LINK experienced slight…
Fund Manager Vanguard Increases Stake In Bitcoin Mining Stocks To $600 Million
Bitcoin mining is a topic that keeps popping up recently on the news concerning the crypto industry. And Vanguard, one of the world’s largest investment firms, has joined in on the action, as it has increased its stake in Bitcoin mining stocks to…
Tether CTO Paulo Adoino Explains 1 Billion USDT Issuance
Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and…
Silk Road’s Ghosts Haunt Bitcoin Market As US Government Moves 9,800 BTC
A significant development has emerged in the ongoing saga surrounding the defunct criminal online marketplace Silk Road. On-chain data suggest that a massive amount of funds tied to the marketplace is on the move, with more than 9,000 Bitcoin (BTC)…
Bitcoin Stuck In Tight Range: Will BTC Decompress With A Big Move?
Data shows Bitcoin has been stuck in a historically tight 14-day range recently, something that has decompressed into big moves in the past. Bitcoin 14-Day Range Has Been Extremely Narrow Recently According to data from the analytics firm…
FTT, the native token of the controversial FTX ecosystem, has been pumping lately. This recent price upswing was triggered by the launch of a customer claims portal, an online platform for customers to access their account information and submit…
Conflux (CFX) Climbs By 11% As Bank of China Begins Sim Card Payment With Digital Yuan
Conflux (CFX) has recently recorded a significant price rise following a few days of bearish movements. According to data from CoinMarketCap, CFX has gained by 11.39% in the last 24 hours, emerging as the day’s top gainer. So what’s…
Celsius Takes Legal Action Against StakeHound For Withholding $150 Million
Bankrupt cryptocurrency lender, Celsius Network, has filed a lawsuit against Liquid Staking Platform StakeHound. The crypto lender claims that Stakehound allegedly owes $150 million worth of tokens, including ether (ETH), Polygon’s MATIC…
Polygon Volume Registers Sharp Increase, What Does It Mean?
On-chain data shows the Polygon trading volume has seen a significant increase compared to the other altcoins. Here’s what this means for MATIC. Polygon Trading Volume Has Observed A Sharp Jump Recently According to data from the on-chain…
CPI Data For June Is A Bullish Surprise For Bitcoin And Crypto
The Consumer Price Index (CPI) data for June, released by the Bureau of Labor Statistics today, has sent ripples of optimism throughout the Bitcoin and crypto market. The latest figures reveal a surprising cooling in inflation, which has ignited…
Kava Brushes Off Market Downtrend, Gains 11% On Weekly Chart
KAVA is one of the Layer-1 blockchains in the crypto industry with links to two top blockchains, Ethereum and Cosmos. The network combines the Cosmos blockchain, and the EVM technology boosting its speed, security, and maximum scalability. It also…
Aptos (APT) Succumbs To Bearish Pressure, Loses 10% In A Single Week
APT, the native cryptocurrency of the Aptos blockchain, continues to exhibit an underwhelming market performance in 2023. Following a somewhat positive run at the beginning of July, it seems the bears are back in control, with APT’s value dipping…
Shiba Inu Ecosystem Token BONE Surges 88%, Too Late To Buy?
The Shiba Inu ecosystem token Bone ShibaSwap (BONE) has seen a staggering 88% price increase within the last 28 days, since Jun 15. Last Saturday, the price rally stopped for the time being at just under $1.50, which means that the Shiba Inu-based…
Coinbase Stock Surges Nearly 10% Despite Cathie Wood’s Ark Invest $12 Million Sale
Coinbase, one of the leading cryptocurrency exchanges has experienced a surge in its stock price, despite a large sale of shares by Cathie Wood’s Ark Investment Management LLC. On July 11, Ark Investment Management sold approximately 135,152…
Bitcoin Market Braces For CPI Figures: Will BTC Rally Or Retreat Today?
As the highly anticipated US Consumer Price Index (CPI) data for June is set to be released today at 8:30 am EST, the Bitcoin (BTC) market finds itself at a crucial crossroads. With inflation concerns lingering and the Federal Reserve’s next…
Solana (SOL) Price Climbs 15% – A Positive Outlook For Investors?
Solana (SOL) has recently made a significant breakthrough, successfully shattering both long-term and short-term resistance lines and marking a pivotal moment for the cryptocurrency’s future. Resistance lines are an essential concept in…
DOT Price (Polkadot) Key Indicators Suggest Strong Case For Rally To $6
Polkadot’s DOT is moving higher from the $5.0 support against the US Dollar. The price could rally if it clears the $5.30 and $5.40 resistance levels. DOT is slowly moving higher above the $5.15 resistance zone against the US Dollar. The price is…
Ethereum Price Lacks Momentum But ETH Holders Are Safe: Here’s Why
Ethereum price is consolidating below the $1,900 resistance against the US Dollar. ETH could attempt another increase unless there is a close below $1,825. Ethereum is trading in a range above the $1,850 level. The price is trading above $1,870 and…
Bitcoin Bulls Keep Pushing, Why BTC Could Soon Attempt To Surpass $31K
Bitcoin price is moving higher above the $30,500 level. BTC is showing signs of a fresh move toward the $31,000 resistance zone. Bitcoin is slowly moving higher above the $30,500 support zone. The price is trading above $30,400 and the 100 hourly…
Unmoved Bitcoin Supply Hits New all time high as BTC rally resumes
Bitcoin continues to dominate the market as it struggles to find a continued surge in price. In its latest weekly report, crypto exchange Bitfinex highlighted a key part of Ark Invest’s report to show growing support from strong holders and…
Crypto Thief Busted: DOJ Files Charges Against 25-Year-Old For OpenSea NFT Heist
The United States Department of Justice (DOJ) announced on July 10 the unsealing of a four-count indictment against Soufiane Oulahyane for a scheme to impersonate the OpenSea marketplace to obtain unauthorized access to cryptocurrency and…
Ethereum Price On The Verge Of Rectangle Pattern Breakout: Is $2000 Within Reach?
Over the past few days, the Ethereum price has remained relatively stable, with minor gains seen on the daily chart. Meanwhile, Bitcoin’s indecisiveness has resulted in slower movement for altcoins. Despite this, Ethereum has risen on its…
Insider Job? Chainalysis Report Suggests Multichain Attacker Had Inside Connections
On July 6, 2023, the Multichain Protocol was hit by a massive hack, resulting in the loss of over $125 million worth of cryptocurrency. The attack targeted the protocol’s Fantom bridge, resulting in the theft of valuable crypto assets like…
Pre-100X Litecoin Signal Returns After Six-Year Slump
Litecoin price is now back under $100, locked within an ever tightening trading range. The lack of notorious cryptocurrency market volatility in LTCUSD in recent weeks is reminiscent of late 2016 and early 2017 — right before an epic 100x rally…
Bitcoin And NASDAQ Composite Index Correlation Drops To A 2-Year Low
New data from Kaiko on July 11 indicates that the correlation between Bitcoin and the Nasdaq Composite Index is at a two-year low. The correlation coefficient between these two assets dropped to less than 1% in early July. At this level, it is at…
Vitalik Buterin Moves $3.6 Million of ETH To OKX, Ethereum Price Dump Incoming?
An address associated with the Ethereum co-founder, Vitalik Buterin, has moved 2,013 ETH to OKX, a cryptocurrency exchange, Lookonchain, citing Etherscan data, on July 11 shows. According to on-chain data, the stash is currently valued at over…
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