In a recent video, prominent crypto analyst PlanB has ignited excitement among the cryptocurrency community by suggesting that Bitcoin’s price could potentially skyrocket to an astonishing $500,000. This optimistic outlook is grounded in his meticulous analysis of the Relative Strength Index (RSI), a pivotal technical indicator known for predicting market trends. PlanB’s buoyant sentiment stems...Read More
Despite an overall bearish declining trend, the tides for ALGO price were set to change with a triangle breakout However, the excessive selling pressure at the 50-day EMA and the bleeding altcoin market reverts the rally. The breakout rally fails to find a closing above the 50-day EMA and falls 9.18% in the last 48...Read More
As Bitcoin’s price remains confined to the $29,500 zone, many traders are wondering if this is a precursor to a bearish phase. Additionally, the SEC’s postponement in approving ETF applications has ignited a sell-off sentiment among traders. Yet, a leading crypto research company is bullish, projecting that BTC’s price might be on the edge of...Read More
It appears that the bullish wave has just begun! After the significant win of Ripple over the SEC, the asset management firm lists the very first Bitcoin spot ETF. Jacobi Asset Management, a London-based firm regulated by the Guernsey Financial Services Commission (GFSC), listed the world’s first Bitcoin spot ETF on Euronext Amsterdam after two...Read More
The crypto market recently survived July’s CPI data, leaving Bitcoin to consolidate near the $29.5K mark. The SEC’s recent delay on spot BTC ETF applications has left investors with no choice but to invest in altcoins. Over the last week, meme coins dominated the market with Shiba Inu (SHIB) leading the momentum. However, altcoins like...Read More
Shiba Inu, often dubbed the “Doge killer,” experienced a long way in the last few weeks due to the much-anticipated launch of Shibarium. Over the past few weeks, Shiba Inu (SHIB) has been making waves, gaining the attention of traders. Though the meme coin market is witnessing turmoil these days, Shiba Inu is holding the...Read More
With a double top at the $0.16 mark, the XLM price trend ends and starts the correction phase. Leading to a 15% drop in late July and early August, the Stellar coin price dropped below the crucial level of $0.014. Following the breakdown, the XLM prices retest broken range with a 4.85% recovery, teasing a...Read More
Litecoin’s much-anticipated halving event on Aug 2 has resulted in a 15% price correction from $94 toward the $80 territory. Such a sharp movement has raised eyebrows and sparked intense discussions among crypto traders. However, there’s a hope of bullish momentum as the LTC price ceased its downward trajectory and pivoted upwards from its low....Read More
After the Litecoin bulls fell short in capitalizing on the recent halving event, a surge in bearish sentiment has taken hold. Noted analyst Crypto Tony anticipates that Litecoin’s price could find a temporary support level around $65, presenting an attractive short-entry opportunity. It’s worth noting that this setup might be invalidated if the LTC price...Read More
In a thought-provoking display, Crypto Assets Guy, a well-known XRP community influencer, has presented a visualization that highlights the potential value of XRP investments if the cryptocurrency regains its all-time high (ATH) of $3.70. The visualization demonstrates potential returns for different XRP holding levels, ranging from 5,000 XRP to 300,000 XRP, using a consistent rate...Read More
While Ethereum has been in a bear market for the past 30 days, there are chances that it will soon bottom out. One well-known crypto analyst has voiced concern over Ethereum’s (ETH) performance compared to Bitcoin’s (BTC), speculating that a major event could cause a large drop. What’s behind this bearish outlook, and what should...Read More
The much-awaited judgment in the Ripple vs SEC lawsuit was produced in favour of the company a few days ago. This caused the price to trigger a massive upswing of more than 100% in just a few hours and mark the highs at almost a dollar. However, the further updates may have caused the investors...Read More
Intense fear gripped Curve Finance users in the past few days, causing temporary relief during the early Asian market on Wednesday as the CRV price gained about 15 percent, trading around $0.578. The DeFi token has been on a downward trend in recent weeks, but the rate of decline escalated on Monday following reports of...Read More
Now less than 1000 blocks remain until the halving, as the event is about to occur in less than a day. The price was closer to breaching the falling wedge after remaining within the consolidation for over 27 days. However, the token’s volatility has risen significantly and has been trading within large ranges. Hence, the...Read More
Maintaining a declining trend in the daily chart, DOT Coin price forms a descending triangle pattern. After struggling to exceed the $7.55 resistance level, DOT prices currently trade at a 33% discount from the previous swing high. Moreover, the price action forms a consolidation phase between $5 and $5.53 Over the past month and traps...Read More
The month-end closing is on the horizon! A fair amount of volatility was expected to kick in. But the current trade setup indicates the price may remain largely stagnant not only until the close but also for the next few weeks of August. Now that the price shows signs of a bullish breakout, the possibility...Read More
Ripple’s recent victory in the SEC lawsuit has created a ripple effect in the crypto world with curiosity about XRP’s future price trajectory. What is more enticing is that Google Bard, an AI chatbot, has stepped in to offer intriguing predictions for XRP’s price at the end of 2023, 2025, and 2030. Here is the...Read More
Santiment, a prominent cryptocurrency analytics platform, reported that as the highly anticipated Litecoin halving event approaches on Wednesday, key traders who hold positions ranging from $9.5k to $950k worth of LTC are engaging in aggressive accumulation. As history suggests, this reduction in supply and the potential increase in demand could have logical implications. According to...Read More
Altcoins are indeed making waves in the crypto market, and the recent activities of Litecoin (LTC), Ripple-affiliated XRP, and Solana (SOL) are clear indicators of this trend. In the past 24 hours, all three have experienced notable gains, signaling a potential shift in the crypto landscape. As Bitcoin’s (BTC) dominance begins to waver, the spotlight...Read More
After a series of days stuck under the $30K line, Bitcoin has finally shown a clear trend, though it’s not the one bulls were hoping for. Bitcoin slipped below its monthly support of $29K, and it didn’t stop there, continuing to slide down to the $28.8K mark. This severe bearish swing led to a massive...Read More
The XRP price continues to display strong upward momentum, with a target of retesting its 2021 highs at around $1.9. The recent judgment summary provided some clarity on investment contracts for the Ripple-backed digital asset, leading to increased trading volume. Furthermore, the coin has regained listing on almost all centralized digital asset exchanges that had...Read More
The previous week witnessed a downturn in the altcoin market, with top altcoins experiencing significant declines after failing to sustain higher levels. Despite the initial bullish sentiment and buying opportunities brought by Ripple’s victory, it appears that the majority of traders have now pivoted towards bearish positions. As a result, prominent altcoins, including Ripple’s XRP,...Read More
Bitcoin is currently attempting to be the star of the recovery show. In recent hours, Bitcoin has once again caught the attention of investors and traders as it sparked a renewed surge toward the $30,000 mark from a critical support level that it touched yesterday. This surge has left many questioning whether it is the...Read More
As the crypto market swiftly turned bearish from yesterday’s scarcely bullish outlook, top coins have found new support zones. Interestingly, amidst this downturn, MakerDao’s MKR stands strong as it recorded massive gains. Today, MKR soared higher with massive gains, adding nearly 20% to its value. Despite this impressive rally, MKR’s price has recently experienced a...Read More
In a recent analysis, renowned crypto market technical analyst Ali Martinez has drawn attention to Bitcoin’s positive signals, indicating a potential uptrend for the world’s leading cryptocurrency. Martinez’s focus on the TD Sequential, a widely respected technical indicator, revealed a crucial buy signal on Bitcoin’s 12-hour chart. This buy signal coincided with the formation of...Read More
The cryptocurrency market has been witnessing a significant bullish trend, particularly in the altcoin sector, following Ripple’s partial victory against the U.S. Securities and Exchange Commission (SEC). This legal triumph has not only boosted Ripple’s XRP but also ignited a renewed bullish wave in the altcoin market, with Stellar (XLM) and Bitcoin Cash (BCH) leading...Read More
Only a few weeks ago, Bitcoin’s market dominance had finally surpassed 50% after a two-year lull, thanks to a wave of applications for spot Bitcoin exchange-traded funds from leading financial institutions. However, following Ripple’s partial win against the SEC, Bitcoin’s dominance has experienced a setback. A sudden increase in altcoin prices led to a temporary...Read More
Bitcoin’s price saw a significant upswing, spurred on by Ripple’s victory in its legal battle with the SEC. The price of BTC even approached the $32K threshold, but a decrease in buying pressure led to a substantial decline. Bitcoin’s bullish momentum suffered another blow recently as the price dipped below the $31K mark, with the...Read More
A while ago, very unexpected US CPI rates were announced, wherein the rates were lowered to 3% from the previous 4%. The drop in CPI rates is considered a huge bullish indicator for the crypto space. However, the Bitcoin price continues to stick around $30,500, while some of the altcoins remain largely stagnant. The Ethereum...Read More
The $31,000 level has proven to be a significant resistance point for Bitcoin. Over the past few weeks, the bulls have tried and failed multiple times to break this level. Each failure has resulted in a price correction, with the most recent one being the most significant. After a failed attempt by the bulls to...Read More
