The Bitcoin market experienced a setback in its upward trend following the Securities and Exchange Commission’s (SEC) postponement of decisions regarding spot Exchange-Traded Funds (ETFs). This sparked a wave of profit-taking, with investors buying at lower prices and selling at peaks for gains. Current analysis predicts that without positive news, Bitcoin may face challenges in...Read More
The crypto markets have begun to consolidate as fresh bearish actions appear to have halted the progress of the rally to a large extent. After accumulating enough gains in the past few days, the selling pressure has mounted over the Cardano price. This could further lead to rejection, as the bears are all set to...Read More
Two substantial XRP transactions were recently observed, signaling a notable shift in XRP token distribution across trading platforms. These transactions, totaling 44,500,000 XRP, have caught the attention of market watchers and stirred discussions about their possible impact on the market. Whale Movements in the XRP Ecosystem Whale Alert reported these two major movements. The first...Read More
Ethereum (ETH) has encountered difficulties breaking past this year’s high of approximately $2,150, prompting concerns about a potential double-top pattern that could lead to a price reversal. The latest market data reveals that Ethereum is trading around $1,985 during the early Asian and London markets on Wednesday, marking a 3.6 percent decrease over the past...Read More
Polygon’s MATIC has exhibited significant growth over the past week. Initially off to a slow start, the altcoin has since picked up speed, successfully surpassing key resistance points. The recent uptick in MATIC’s value trapped bearish traders by pushing past the vital resistance mark of $0.9. Nonetheless, with the increase in investors looking to exit...Read More
The rotation into altcoins continues as Bitcoin price now consolidates between $35K-$38K, creating short-term opportunities for traders to capitalize on rising altcoins. Traders are taking advantage of this shift, which is funneling capital into the altcoin sector and strengthening the support for leading altcoins such as MATIC, Solana, and Chainlink, indicating a promising week ahead. ...Read More
The crypto industry has displayed a massive price action this week as the market has added over $110 Billion in valuation. The market had started the month on a bullish note as the previous month had recorded the second most bullish month for cryptocurrencies in the past 25 months, with a gain of roughly 29%...Read More
The market is experiencing a comeback in investor interest, as seen by Ethereum surpassing the critical level of $2,000 and Bitcoin testing $38,000. Concurrently, Solana has shown a significant price increase after 1.5 years by surpassing the $50 resistance level. This has led to a rising concern about a possible price correction in the coming...Read More
Remember when XRP soared 60,000% in 12 months, from $0.006 to $3.84? That was pure speculation! Now, with stronger partnerships and real-world utility, the potential is staggering. Is XRP About to Skyrocket to $0.9 Next? Crypto assets got an excellent kick-off in November on a positive note as the market has recorded a stable rise...Read More
In recent days, the struggle to breach the $35,000 level has proved challenging for Bitcoin, with bearish positions gaining an advantage in the ongoing battle between buyers and sellers. Currently, Bitcoin’s price is experiencing a consolidation phase below the $35K benchmark. Amidst this consolidation, there is growing concern over possible market manipulation, with suspicions that...Read More
The next 6-18 months will be fascinating – ETF approval, April Halving, Recession to QE progression, and the continued destruction of the bond market will be a make-or-break moment for many crypto assets, especially for Bitcoin. The market is booming with full of unseen action. Surprisingly, the recent crypto market surge has seen altcoins and...Read More
In recent days, the crypto market has witnessed a surge of activity, with Bitcoin repeatedly knocking on the $35,000 level. Riding on Bitcoin’s bullish efforts, Ethereum traders are seizing the opportunity to push the price of ETH beyond the $1,900 zone. With continued negative Netflow suggesting that more Ethereum is being bought than sold, analysts...Read More
XRP is making remarkable progress, with its price surging by an impressive 30% in just one week. This digital coin has reached its highest point in three months, reaching $0.68. Notably, XRP’s trading volume in the past 24 hours has skyrocketed to $2.55 billion, marking a significant 169.41% increase compared to the previous day. With...Read More
In the last week, the altcoin market has been attempting to recover the resistance level it achieved in October while Bitcoin tried to climb past the $36,000 mark. However, Bitcoin’s inability to sustain an upward momentum led to a downturn in the altcoin market. Nevertheless, investors were quick to capitalize on the price declines of...Read More
Concluding a 66% pullback, the GRT price trend showcases a bullish reversal to restart the prevailing uptrend seen in early 2023. With a double bottom reversal from $0.076, the graph coin price gives the falling wedge breakout and reclaims crucial average lines. Further, with the altcoin price rising above the psychological mark, $0.10 increases the...Read More
As November commenced, there was a notable surge in Bitcoin and altcoins, as their value approached the resistance peaks observed in October. However, popular memecoins such as Shiba Inu and Dogecoin struggled to attract buyers at these higher resistance marks, resulting in a slight pullback. Currently, the on-chain data for Shiba Inu presents a bearish...Read More
November is set to continue the upward trend from October, as Bitcoin kicks off the month with robust gains. BTC today surged, flirting with the $35K mark before confidently taking over it, reaching highs of just above $36K. Despite the growing stability of the market and rising open interest, there’s a concern for a significant...Read More
The crypto markets are soaring, with the capitalization gaining above $1.3 trillion after the recent upswing. This propelled the Bitcoin price beyond yearly highs but refrained from marking the level at $36,000. With a massive rise in trading volume of over 62%, investors have become more optimistic about the impending rally. However, a hidden divergence...Read More
Amid the recent altcoin market recovery driven by Bitcoin’s breakout above $32,000, XRP, backed by Ripple, has seen a notable price increase. Over the past two days, XRP gained more than 10%, closing November at 60 cents. While it has not reached its July peak following a summary judgment, a bullish outlook prevails when examining...Read More
The markets have displayed significant strength over the past few weeks. Bitcoin, on the other hand, is not really accelerating, but it does display some momentum. The market participants continue to remain bewildered, as they appear to be concerned about the impending trend as the debate over whether Bitcoin price action is bullish or bearish...Read More
This month’s ‘Uptober’ trend brought a strong rebound across the market, with numerous altcoins and Bitcoin reaching their highest levels of the year. Concurrently, memecoins experienced an explosive surge, notably with PEPE’s value climbing more than 100%. Motivated by these developments, both individual investors and large-scale holders have been accumulating more coins ahead of another...Read More
As ‘Uptober’ concludes its chapter, November is set to carry the trend, continuing Bitcoin’s impressive upward trajectory. Over the past month, Bitcoin has recorded gains exceeding 30% due to notable developments such as Grayscale’s triumph and the listing of BlackRock’s ETF on the DTCC site. Analysts are now looking forward to the potential launch of...Read More
The crypto markets are consolidating after triggering a fine upswing in the past few days. After reaching new yearly highs above $35,000, Bitcoin’s dominance is also rising, heading to new highs. This could hinder the progress of the altcoins, as more than half of the volume is flowing into BTC at present, affecting the value...Read More
There’s no doubt that bullish ETF news was the reason behind Bitcoin’s recent surge, sending its price above $35K. However, BTC price now faces a slight setback in maintaining its momentum following profit-taking sentiment among traders. According to on-chain data, Bitcoin shows robust health in key on-chain metrics, even as traders exhibit anxiety over the...Read More
Till now, in October, Ethereum has seen a surge of more than 20%, revealing the bullish momentum of ‘Uptober.’ Nonetheless, as traders seek to cash in near the peak of $1,860, ETH’s price faces challenges in climbing higher. Yet, the sentiment seems favorable as various on-chain metrics turn bullish, indicating that ETH is poised for...Read More
With Bitcoin dominance reaching the 30-month high, the overall market finds a fresh breeze of a bull run. Similar to other major altcoins, the AVAX price skyrockets with the recovery season, blooming double-digit returns for the market. Bouncing back from the $8 mark, the Avalanche token buyers regain trend control to rise above the 50-day...Read More
This week brought a positive trend in the crypto market, with Bitcoin knocking the $30K threshold. This development has sparked buyer interest in several altcoins, potentially signaling a recovery in the ‘Uptober’ movement. With the closing of October on the edge, historical patterns suggest a solid bullish week, possibly triggering a fresh round of purchases....Read More
This week saw Bitcoin hitting $30,000, a level unseen since August, suggesting that the much-anticipated ETF could soon receive SEC approval as buyers step up their game. Additionally, with the halving event approaching, Bitcoin’s price is witnessing a significant surge in on-chain metrics. In the coming week, there’s potential for Bitcoin to not only sustain...Read More
Staying on the bullish fast tracks amidst the declining US stock market, Bitcoin skyrockets this Thursday to enter a high-speed rally and cross $30K. The BTC price ignores the 10-year U.S. Treasury yield, taking a 6 basis point jump to reach 4.97%, almost reaching 5%. Such high interest rates for the 10-year Treasury yield drive...Read More
The crypto market continues to gain a bullish move for almost a week as the top cryptocurrencies are trading in the green. On the other hand, midcap altcoins such as AAVE price continue to struggle to hold their price as the coin continues to bleed. The price has been constantly trading in a descending triangle...Read More
