Down But Not Out: The One Line Bitcoin Must Hold To Be Bullish
Bitcoin price is falling, testing the low $26,000 area of support after weeks of painful, sideways consolidation. While the horizontal support line is clearly important, it’s nowhere near as critical as another line that BTCUSD absolutely must hold…
Crypto Market Alert: Tether Market Cap Fuel Hopes For Major Rally
Despite lackluster trade volume and price movements in the cryptocurrency market, Tether’s market cap is rising, nearing its all-time high of $82.9 billion. Tether, also known as USDT, is a stablecoin pegged to the U.S. dollar, making its…
Bitcoin Sell-Side Risk Ratio Nears All-Time Lows, Big Move Soon?
On-chain data shows the Bitcoin sell-side risk ratio has approached all-time lows recently, a sign that a big move could be coming for the coin. Bitcoin Sell-Side Risk Ratio Has Observed A Plunge Recently As pointed out by the lead on-chain analyst…
Ethereum Staking Hits Over $40 Billion After Shanghai Upgrade: What It Means For ETH
The Ethereum (ETH) network has reached a significant milestone following the highly-anticipated Shanghai upgrade, as staking activity soars to new heights. According to crypto analytics platform Cryptorank, the Ethereum deposit contract balance has…
Polkadot (DOT) Bulls Retreat As Bears Drag The Price Down
Polkadot (DOT) is in the red today as the bears seek to regain control over its price. DOT traded at $4.37 on January 1, 2023, and increased to $5.13 on January 11. It remained within this range before moving to $6.23 on January 20. Also, DOT…
Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
A press release shared with Bitcoinist claimed that Bitfinex partnered with crypto bank OrionX. The cooperation will allow the trading venue to strengthen its foothold in the Latin American region by targeting key countries with a high demand for…
Cosmos (ATOM) Bears Dominate As Bulls Struggle To Drive Price
Cosmos (ATOM) experienced a short bullish momentum on May 10, 2023. The asset saw an increase of 10.89% taking its price to a high of $11.2. However, the bears regained control of the market on May 13 and sent the coin to its current price of…
Sharks & Whales Accumulate Stablecoins, Why This Could Be Bullish For Bitcoin
Data shows the sharks and whales of the largest stablecoins have been accumulating, something that may turn out to be bullish for Bitcoin. Sharks & Whales Have Been Loading Up On Stablecoins Recently According to data from the on-chain…
BNB price (Binance coin) is struggling to clear the $315 resistance against the US Dollar. It is declining and remains at risk of a move below $300. Binance coin price is moving lower from the $315 resistance against the US Dollar. The price is now…
Ethereum Price Trims Gains and Could Revisit Key Range Support
Ethereum price failed to surpass $1,880 and declined against the US Dollar. ETH is struggling and might continue lower toward the $1,790 support. Ethereum is currently moving lower from the $1,880 resistance zone. The price is trading below $1,830…
Bitcoin Price Fails Again But This Support Could Spark Fresh Increase
Bitcoin price is struggling to clear the $27,500 resistance. BTC could attempt another increase if it stays above the $27,000 support. Bitcoin is still struggling to gain pace above the $27,400 and $27,500 levels. The price is trading above $27,000…
Fantom (FTM) Secret Weapon: Could This Project Be The Next Big Thing In Crypto?
Fantom (FTM) is a blockchain project that has gained attention in the crypto space for its unique features and potential. Despite a recent dip in key metrics such as Total Value Locked (TVL), the project has something special that many believe is…
During the recent weekend, Avalanche (AVAX) witnessed a significant surge in selling pressure, resulting in a bearish breakout. As a consequence, the price of AVAX dipped close to a multi-month low of $13.8. However, on the 24-hour chart, the…
Is Cardano Poised for A Price Surge? A Look At Its Tight Consolidation
The Cardano price has consistently remained below the $0.38 zone for the past two weeks, indicating a strong presence of sellers in the market. Despite attempts by buyers to regain strength over the past month, their efforts have been feeble…
Santiment Explains How Bitcoin Investor Mentality Influenced Recent Price Action
Santiment has broken down how the recent action in the Bitcoin price may have been affected by the prevailing sentiment in the market. Trends In Bitcoin Social Volume May Have Influenced The Price Recently As the on-chain analytics firm Santiment…
Here’s What The Metrics Say About Polygon’s (MATIC) Uptrend
The price of Polygon (MATIC) and other notable crypto assets has been experiencing some volatility recently. The fluctuations present in the MATIC market can present traders and investors with profit-earning opportunities. Within the last seven…
XRP Aims For $0.50, Hinges on Breaking Through This Price Level
Despite the prevailing bearish sentiment in the market last week, Ripple (XRP) bulls showcased their resilience by securing gains. XRP stood out among the top 20 cryptocurrency assets, recording impressive weekly gains of over 8%. Although the…
Data Suggests Small Holders Will Drive Next Cardano (ADA) Rally
Over the course of 2023, the movement of Cardano (ADA) has been more on the bullish side. Despite the reversal over the last few weeks, the bullish momentum has not completely died out. However, what is most interesting about this trend is the fact…
Avalanche (AVAX) is gaining today as it seeks to retain its gains in the last 24 hours. Its trading volume is up by over 18% today, possibly sustaining its price recovery attempt. Notably, AVAX entered the month of May with a bullish momentum…
Single Wallet Destroys 1.2 Billion SHIB, Burn Rate Surges Over 2,000%
In a display of token destruction, a single wallet has set the Shiba Inu (SHIB) community ablaze by destroying a significant amount of SHIB tokens. According to data from the Shiba Inu burn tracker, Shibburn, the Shiba Inu burn rate is currently up…
On-chain data shows the Litecoin MVRV has been at relatively high levels recently, something that could be bearish for the cryptocurrency. Both 30-Day & 365-Day Litecoin MVRV Ratios Are High Currently According to data from the on-chain…
Shiba Inu All Green Today – What’s The Energy Behind The Glow?
Shiba Inu (SHIB) enthusiasts have been eagerly monitoring the cryptocurrency’s price movements as it approaches a critical juncture. After a period of consolidation, the Shiba Inu price has finally reached the support line of a long-term…
Woman Loses $8 Million In Crypto Scam, But Court Says Binance Is Not Liable
A United States District Judge, Amos Mazzant, has ruled that Binance, the world’s largest cryptocurrency exchange by client count, is not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig…
Former MicroStrategy CEO Says Bitcoin Rally Just Getting Started
MicroStrategy is a business intelligence firm and one of the biggest holders of Bitcoin, the world’s most valuable cryptocurrency by market capitalization. And Michael Saylor, the former CEO of MicroStrategy, believes the cryptocurrency…
Ethereum: Experts Predict Imminent Bull Run Toward $1,900
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, appears to be on the verge of a potential reversal. Technical analysis shows a compelling case for Ethereum’s potential reversal toward the $1,900 mark. The coin has…
These Top 5 Cryptos Are Seen Making Big Moves This Week
The top 5 cryptos are treading cautiously as Bitcoin enters its narrowest trading range, reminiscent of July 2020 prices, according to Glassnode. Consolidating within its tightest seven-day range in three years, Bitcoin’s movement indicates…
Litecoin Price Prediction: LTC Could Surge 10% If It Clears This Resistance
Litecoin price is attempting an upside break above $93 against the US Dollar. LTC could rally if it clears the $93 and $95 resistance levels. Litecoin is slowly moving higher toward $95 against the US Dollar. The price is now trading above $90 and…
Shiba Inu Burn Rate Spikes After A Few Stagnant Days
After a few days of stagnation, the Shiba Inu community seems to have picked up its token-burning mechanism. A report from Shiba Inu’s token burn aggregator, Shibburn, indicates that the SHIB Army has significantly raised the burning rates within…
Ethereum Price Sees Bullish Breakout And Why Dips Turn Attractive
Ethereum price climbed above the $1,840 resistance against the US Dollar. ETH is showing positive signs and might aim a move toward the $1,920 resistance. Ethereum is currently gaining pace above the $1,840 resistance zone. The price is trading…
While Bitcoin price exchanges hands above the $27,000 price level, iconic trader Peter Brandt dropped a new prediction for it. The trader believes it could take one more price pullback for BTC to climb higher. Nonetheless, Brandt calls this price…
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