Bitcoin Price Just Saw Key Technical Correction But 100 SMA Is Still Strong
Bitcoin price is correcting gains and trading below $27,500. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term. Bitcoin struggled to climb above $27,500 and started a downside correction. The price is trading above…
Crypto Achilles Heel: How The Absence Of Settlement Infrastructure Is Holding Back The Market
Ram Ahluwalia, the CEO of PeerNova, recently commented on the liquidity challenges the crypto market faces. According to Ahluwalia, the lack of a crypto bank settlement layer has led to a significant drying up of liquidity, hurting market makers…
Analyst Predicts Altcoins Boom Ahead of Bitcoin Halving – Is it Time to Invest?
The Bitcoin and the altcoins market has since been on a rollercoaster ride over the last few months, with investors looking to make gains at every opportunity, especially with the current trend of the creation of meme coins such as PEPE, AIDOGE…
Shiba Inu Token Burn Hits 1.74 Billion In One Week, What’s The Current Status?
The Shiba Inu community has remained consistent in burning SHIB tokens. In a week, it sent a whopping 1,748,403,277 SHIB tokens to the project’s dead wallet. The burning mechanism is part of the processes that the Shiba Inu uses to maintain…
Why Ethereum’s Yield Farming May Be The Most Exciting Thing In Crypto Right Now
As the world of cryptocurrencies evolves, Ethereum (ETH) investors are beginning to take notice of the power of yields and their potential impact on the crypto space. Yields, in essence, are the payments investors receive for holding…
Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally
Bitcoin price seems to merely be grinding upwards, with a dusting of chop in between. What corrections have arrived have been minimal, and are shockingly similar in both time and price. This fractal behavior could be a sign of an important Elliott…
SEC Reduces LBRY’s Fine From $22 Million To $111,000 After Revision of Punishment
The US Securities and Exchange Commission (SEC) has revised the initial punishment against a blockchain-based content provider, LBRY. It has significantly reduced the penalty from the previous $22 million to a revised amount of approximately…
Lido (LDO) Bulls Lock Horns For Rally This Week Ahead Of V2 Update
May 15th marks a new dawn for the Ethereum liquid staking protocol, Lido Finance, as it seeks to launch the highly anticipated V2 update on its platform. According to Lido contributors, the V2 update is its biggest platform update yet and a step in…
Fantom (FTM) Price Surge Hints At Bullish Trend, What’s Ahead?
Fantom (FTM) has been on a bearish movement since April 19, 2023, resulting in a loss of about 30%. The price decline contributed to the negative market sentiment around the asset, making it hard for any possible retracement. However, these days…
Toncoin (TON) Price Plummets After Bears Defy To Surrender Control
Recently, the price of Toncoin (TON) witnessed a rapid decline, causing investors and traders to worry about the asset’s potential. The bear’s refusal to surrender control can cause TON’s price to drop, increasing the negative market…
Bitcoin Reclaims $27,000, Here Are The Factors Driving The Recovery
Bitcoin began another recovery trend over the weekend and has been on a bullish path since. This follows last week’s incredible bearish movement which saw the digital asset drop below the $26,000 mark for the first time in over a month…
Cardano Founder Urges Priority On Election To Avoid Further Chaos In Crypto
The U.S. Congress Democratic committee members are preparing to endorse the Securities and Exchange Commission’s (SEC) stringent regulation of digital assets in their efforts to assert control over the crypto industry. A new memo pointing…
Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says
On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently. Here’s what this may mean for the current rally. Bitcoin Puell Multiple Has Risen To High Levels In Recent Days As pointed out by an analyst in a CryptoQuant…
Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice
Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion…
Analyst: VeChain Enters Buy Zone, Should You Jump In?
On the weekly timeframe, a crypto analyst named Egrag explained on Twitter that VeChain (VET) is currently in a buy zone. He further explained the details of its possible price behavior using trading charts and noting recurring patterns. VET is in…
Avalanche Nearing Key Support, Is It Expecting Recovery Anytime Soon?
Avalanche (AVAX) has experienced a bearish week with several price floors being lost. However, in the last 24 hours, AVAX has moved up by 1.5%, suggesting a sideways trading session. The technical analysis indicates that bears still have control…
South Korea Crypto Exchanges Upbit And Bithumb Probed Over Lawmaker’s Scandal
On Monday, a local news outlet reported that South Korea’s Upbit and Bithumb crypto exchanges are under investigation by the Seoul Southern District Prosecutors Office over suspicions concerning lawmaker Kim Nam-kuk’s digital assets…
Pro-XRP Lawyer Shares Opinion PEPE Explosion, What Did He Say?
Pro-XRP lawyer John Deaton has dropped his opinions on PEPE while the viral meme coin’s investors brood over its massive price plunge. The Pepe the Frog-themed meme coin became prominent immediately after launch, rallying 1,000% within the first…
The price of Bitcoin has risen by 2% over the past 24 hours. After nine consecutive red daily candlesticks, the price of BTC finally posted a green daily candlestick yesterday (Sunday). However, analysts are divided as to whether Bitcoin will now…
On-chain data shows that Bitcoin miners have continued to sell recently, something that could be bearish for the cryptocurrency’s price. Bitcoin Miners Have Been Shedding Their Reserves Recently As pointed out by an analyst in a CryptoQuant…
Only 1,032 Addresses Control Over 60% Of All Litecoin (LTC) In Circulation
1,032 addresses control over 51.2 million Litecoin (LTC) in circulation, on-chain data from BitInfoCharts on May 15. Litecoin Under Siege? Records from the “Top 100 Litecoin Rich List” show that 7,355,585 LTC in circulation worth $639,814,097 are…
Stablecoins Interest Spikes As Traders Look To Exit Market
Data shows there has been a large spike in interest around stablecoins recently, a sign that investors of Bitcoin and other assets may be looking to exit. Stablecoins Have Observed A Sharp Rise In Social Volume Recently According to data from the…
Ripple Transaction Count Down 65%, Will This Affect XRP Prices?
The number of on-chain Ripple (XRP) transactions on the XRPL is down 65% from 2.5 million on March 19 to less than 900,000 on May 14, 2023. XRP Transactions Crashing As of May 14, 2023, 852,000 transactions were processed by the XRPL, a…
Dogecoin Clone Doge CEO Skyrockets Nearly 200% As Meme Coin Mania Rages On
Doge CEO, the cryptocurrency inspired by Dogecoin, has witnessed an extraordinary surge, skyrocketing nearly 200% in the face of an ongoing mania surrounding meme coins. As investors continue to embrace the eccentricity and unpredictability of the…
Dogecoin Sees Highest Transactions Count Ever Due DRC20 Madness
The Bitcoin Inscriptions craze is spreading to Dogecoin. The number of transactions that the Dogecoin blockchain has had to process in the last few days have risen to an all-time high, mainly due to the new DRC20 token standard. DRC20 tokens on…
PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin
Pepecoin (PEPE) has recently gained significant attention on social media platforms, outperforming Bitcoin in terms of buzz and hype. As the cryptocurrency market continues to evolve rapidly, the power of social media in driving prices and market…
Data from BitcoinInfoCharts, an analytics platform, shows that there are far more tweets about Bitcoin than Dogecoin despite the spike of meme token activity in the past month. Tweets About Bitcoin Exceed Those Of Dogecoin As of May 14, there were…
Shiba Inu Coin Holders Hit Hard As 80% Of Addresses Smothered In Red
Shiba Inu is causing significant losses for its investors. Recent data reveals that the hype surrounding SHIB, the once darling of the meme coin industry, may have led many investors astray. At the time of writing, a staggering 80% of all Shiba Inu…
Ripple CLO Exposes How SEC Ignores Law And Brags About It
The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) in the US District Court of Southern New York is still awaiting a ruling from Judge Analisa Torres. Just last week, Ripple CEO Brad Garlinghouse downgraded…
US DoJ Goes After Rogue Exchanges As Crypto Crimes Grow ‘Significantly’
Eun Young Choi, the first director of the National Cryptocurrency Enforcement Team (NCET), has told reporters that crypto-related crimes have risen significantly in recent years. Through her team, the United States Department of Justice (DoJ) now…
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