The memecoins have gained significant attention from the market as top coins have recorded massive gains in their respective portfolios. Further, the Bitcoin price crossing the $44,000 mark resulted in the memecoins to experienced significant jumps in their value within the past day. The PEPE price traded in a closed space between $0.00000113 and $0.00000123...Read More
Bitcoin has recently witnessed a significant upswing, breaking past the $44,000 mark for the first time since the early months of 2022. This impressive rise is driven by a mixture of factors, including a decrease in interest rates and the growing excitement over the potential launch of a Bitcoin ETF (Exchange-Traded Fund) in the United...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
Austin Arnold, a leading analyst in the crypto industry, recently highlighted four cryptocurrencies that are set to make significant waves in the market. Let’s dive into his insights and understand why he believes these coins are going to perform the best in the upcoming bull run. Injective (INJ) First on Arnold’s list is Injective. This...Read More
Renowned cryptocurrency expert Egrag has recently shared insights into the cryptocurrency market, particularly focusing on the interplay between XRP and Bitcoin. Egrag suggests that XRP’s future performance is intricately tied to the movements of Bitcoin in the market. Egrag has introduced two intriguing scenarios for XRP, creatively named the “Valhalla” and “Helheim Gateways.” These terms...Read More
With the altcoins market gaining momentum near the year’s end, the market recovery anticipations are higher than ever. Gaining traction from the market recovery, the ALGO price takes a bullish turnaround in the consolidation range. Preparing a trend continuation pattern, the price trend analysis displays a high likelihood of the prevailing uptrend continuing this month....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
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
Facing a rejection in August, the UNI token price failed to surpass the $6.680 mark, resulting in a huge pullback. Falling to the bottom levels of $4, the more than 40% pullback led to a medium-term consolidation range. Trading between the $4 and $4.90 levels, the consolidation range coiled up too much trend momentum. With...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
The market is experiencing a buying demand, reaching a total value of $1.45 trillion. The sentiment of greed is a dominant factor in this rise. Recently, Bitcoin attempted to break through the $38,000 mark but was unsuccessful. Despite this, there’s a noticeable trend of continuous growth efforts and a reduction in significant pullbacks from recent...Read More
The price of Dogecoin experienced a decline amidst a downturn in the market. This happened due to the issues surrounding Binance on Tuesday. Despite the recent downward trend in Dogecoin’s value, there remains a bullish sentiment among its investors. They are currently facing losses but remain hopeful about a potential recovery, as indicated by their...Read More
Bitcoin enthusiasts are excited about recent developments surrounding Exchange-Traded Funds (ETFs) and a bold forecast from a prominent analyst. This projection suggests a potential 600% increase in the cryptocurrency’s value, potentially driving its price to an impressive $265,000. This optimistic view comes from the head of research at CoinShares, who firmly believes that this surge...Read More
Over the past week, the market experienced volatility. Liquidations around key resistance and support levels caused this not only to Bitcoin but also across the altcoin market. This volatility led to a situation where the resistance levels became a point of a notable pullback, pushing the leading altcoins into a downturn. However, altcoins such as...Read More
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
