Last week brought a bullish comeback to the market as BTC price witnessed massive buying demand and surged toward the $65K mark. Though the dominance of BTC is currently rising, any minor pullback might trigger top altcoins to turn $1 into $10 this week. Reversal For Altcoins Amid Bearish Pressure Last week, Bitcoin’s market dominance...Read More
The Solana network is struggling to maintain its on-chain activity amid declining trading interest. Recently, the crypto market witnessed a crash that led to a price correction for SOL, driving its value towards support levels. Although SOL’s price later rebounded, the continuous low on-chain data is causing concerns among investors about the sustainability of this...Read More
Dogecoin and Shiba Inu have experienced mixed performance over the past few days, yet analysts are bullish about the upcoming trend of these memecoins, citing fundamental developments. As Bitcoin price continues to face bearish pressure around the $64K mark, Dogecoin and SHIB prices struggle in initiating a rebound above support level. Fundamental Factors Might Boost...Read More
Bitcoin traders are eagerly anticipating that the upcoming scheduled decrease in the issuance of new coins will lead to a significant surge in Bitcoin’s price. Nevertheless, this expectation may not be fully realized this time, according to various experts. Deutsche Bank suggests that the effects of the Bitcoin halving are already reflected in its current...Read More
According to a decision by Judge James Mellor on March 14, as reported by BitMEX Research, Craig Wright, an Australian computer scientist who has claimed since 2016 to be Satoshi Nakamoto, the enigmatic founder of the Bitcoin network, is not the real Nakamoto. The lawsuit, initiated by the Crypto Open Patent Alliance (COPA) against Wright,...Read More
Following the deployment of the Dencun upgrade at 1:55 PM UTC today, the Ethereum market encountered resistance in sustaining its position around the $4,100 mark, triggering a selling wave. Consequently, the price of Ethereum dipped beneath Fibonacci retracement levels, losing the key milestone of $4,000. Presently, market sentiment for Ethereum is shifting towards a bearish...Read More
With Bitcoin (BTC) setting its sights on a retest of its all-time high (ATH) this week, the meme coin sector, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has seen remarkable increases. These gains are supported by encouraging on-chain metrics indicating strong bullish momentum. Consequently, DOGE and SHIB have experienced significant gains over the past...Read More
The ongoing trial concerning the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto, took a significant turn today as Craig Wright faced allegations of tampering with crucial evidence. Wright, who asserts himself as Satoshi Nakamoto, has faced skepticism within the community. As the trial goes through the authenticity of critical emails supporting his claim, Wright finds...Read More
Shiba Inu is experiencing a surge in demand as the meme coin sector witnesses a notable increase, following Bitcoin’s price leap over the $52,000 mark in recent hours. Investors are eagerly purchasing SHIB at various Fibonacci levels, expecting additional upward movement. Nonetheless, as SHIB’s price rises, there is a noticeable decrease in interest from large-scale...Read More
Since plummeting from its peak in 2022, the Shiba Inu price has yet to experience any significant price surges. But with the crypto market now recovering and Bitcoin on the edge of reaching the $50,000 mark, investors are curious if SHIB could undergo a tenfold rally similar to its 2021 surge in the upcoming months...Read More
Individuals interested in cryptocurrency would likely be familiar with the term ‘Low-Cap Gem.’ These assets, alternatively known as ‘small-cap gems,’ are frequently regarded by experts as the most promising altcoins for the potential of substantial returns on investment. With a plethora of such projects available, it is crucial to choose those that are authentic. This...Read More
In recent times, Solana (SOL) has gained significant attention as its price has steadily rebounded from recent lows. This upward momentum followed Bitcoin’s surge toward the $40,000 level. However, amid this bullish sentiment, there has been a decline in Solana’s on-chain metrics. This decline is seen by a noticeable decrease in transaction fees, triggered by...Read More
In the wake of Bitcoin’s impressive rally toward the $40,000 mark, there’s a notable uptick in the meme coin sector, particularly seen in the increased buying interest for leading meme coins like Dogecoin and Shiba Inu. These meme coins have bounced back from their previous lows and are now targeting higher resistance levels. Additionally, the...Read More
Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. The legal action, initially filed in a Delaware court in March last year, accused Grayscale of engaging in practices that enriched the company at the expense of shareholders. Alameda’s Withdraw Strengthens Grayscale’s Legal Position Alameda Research, an affiliate...Read More
The Spot Bitcoin Exchange-Traded Fund (ETF), a new product in the financial market, has just wrapped up its first week of trading. This event marks several key milestones in blending crypto with mainstream financial markets. Launched amid high expectations, the Spot Bitcoin ETF is a crucial move, providing a more regulated and safer option for...Read More
The meme coin sector remains under bearish pressure as Bitcoin experiences a significant decline, threatening to drop below the $40,000 level. In this situation, the price of Shiba Inu (SHIB) is caught in a downward consolidation trend, facing a low open interest. Despite positive factors like encouraging SHIB burn statistics and continuous network improvements, there’s...Read More
Flare token has encountered substantial volatility in recent hours as short-term holders capitalized on the recent price rally. FLR token’s price quickly broke above resistance levels following Google’s cloud division (GOOGL) announcement of its participation as a validator and infrastructure provider on the Flare blockchain. However, this surge met considerable selling pressure near the resistance,...Read More
This year witnessed a significant growth in the crypto market, with its total cap doubling. Starting from a low point of $800 billion, the market cap recently peaked at $1.7 trillion, marking the highest level since early May 2022, nearly 20 months prior. Interestingly, this surge is not mainly driven by Bitcoin, as seen in...Read More
As Bitcoin struggles to break the $44,000 threshold, miners are showing signs of impatience, leading to a significant reduction in their reserves. Despite this, our analysis suggests that the continuous selling might not affect Bitcoin’s price due to the bullish sentiment surrounding the upcoming ETF decision. This sentiment is supported by several applicants who are...Read More
This week began with a downturn in the market, but it has since shown significant recovery, with Bitcoin approaching the $44,000 mark. As a result, major altcoins are seeing a surge in investment, aiding them in surpassing key resistance levels. As the year draws to a close, the upcoming week could bring increased volatility, potentially...Read More
In recent days, DOGE price has experienced a slight surge, tracking alongside Bitcoin’s move towards the $43K mark. With an uptick in buying interest around current dip, the sentiment is set for a possible breakout for the meme coin. This momentum is supported by various on-chain indicators, particularly the notable increase in profitable Dogecoin addresses,...Read More
Bitcoin price has recently cleared the $41K level after a steep decline following cooling inflation reports. As the Producer Price Index (PPI) for November reported figures lower than anticipated and the Consumer Price Index (CPI) showed a decline, the crypto market experienced a minor buying demand. As a result, meme coins like Shiba Inu’s surge...Read More
Bitcoin and Ethereum continue to experience price drops in recent hours, marking a bearish start to the week. While this could be a standard correction ahead of a bull run, similar to patterns observed in past bull markets, there is growing worry about whale investors selling for profit, potentially postponing the anticipated bull phase. Ethereum,...Read More
As the second week for crypto trading began, the market slammed the bullish hopes of traders after bringing remarkable surges for over the past few weeks. Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana’s SOL, along with other significant altcoins, were hit by bearish volatility and opened in a downtrend. Despite massive long liquidations,...Read More
The crypto market is preparing for a big week ahead as all eyes are now on the upcoming CPI news. Bitcoin’s recent surge from $27,000 to over $43,000, initially due to anticipation of the U.S. ETF approvals, seems also influenced by falling interest rates in major bond markets, hinting at a potential shift in central...Read More
In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking this chance to sell their holdings and exit the market with gains. Despite this, strengthening support levels suggest that Ethereum’s price is poised for a...Read More
The market is experiencing a significant Santa Claus rally, with Bitcoin maintaining a robust position above the $38,000 level. Yet, it’s anticipated that investors might begin selling off their Bitcoin holdings as the price reaches a 19-month peak. Following this, Bitcoin has seen a notable selloff from its recent high of $39K, leading to questions...Read More
As the market faces rising volatility, investors are preparing for a big month, with multiple projects set to initiate their token releases. This rise in token supply could lead to a temporary decline in the value of leading altcoins such as DYDX, 1INCH, and Aptos, among others. Over $800 Million To Hit The Altcoin Market...Read More
While the week initially kicked off with a slight dip in prices, there is now a clear push towards recovery, as seen in the price chart. Shiba Inu, in particular, has retested its support levels, attracting buyers who were eager to accumulate and drive its price upwards. It’s worth highlighting that various on-chain indicators are...Read More
The previous week proved to be bullish for the market due to a significant uptick in derivatives activity and options trading. Bitcoin’s price reached a new high for 2023, surpassing the $38,000 mark, which in turn sent leading altcoins into a revived zone of buyer interest. Consequently, altcoins such as Blur, Uniswap, and Bonk recorded...Read More
