Archives par catégorie: Business

Bitcoin price extended its decline and traded below $29,000. BTC is still at risk of more downsides toward the $28,200 support zone in the near term. Bitcoin is gaining bearish momentum below the $29,200 level. The price is trading below $29,500 and the 100 hourly Simple moving average. There was a break below a major […]

Fidelity, a leading financial services provider, has recently released a report on Ethereum (ETH) that sheds light on some key metrics to watch for the cryptocurrency in the coming months.  The report highlights several important indicators, including the 50-day and 200-day moving averages (MA), the realized price, the Net Unrealized Profit/Loss (NUPL) ratio, Market Value […]

On July 24, 2023, Coinglass data revealed that over $41 million worth of Bitcoin long and short leveraged positions were liquidated as the BTC prices unexpectedly crashed below a consolidation level of around $29,500, shrinking by over 4%. The drop below the primary support is heaping pressure on the coin. It may draw more selling pressure […]

Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a sharp decline recently, mirroring the broader decline in the cryptocurrency market.  This has led to concerns among Bitcoin bulls, who closely monitor the cryptocurrency’s price movements to determine whether the decline will continue or stabilize the market. Downside Volatility Threatens BTC’s Support According to crypto analyst […]

Altcoin sentiment is at extreme lows, but that’s not the only thing reaching extremes. Bitcoin dominance, a measure of the top cryptocurrency by market cap’s weight compared to the rest of the space, also reached the most extreme reading ever on a technical indicator known for its precise timing and ability to pin-point reversals. If […]

Aave’s price surged to $88 just two weeks ago, but currently, the altcoin is experiencing a correction. Over the past 24 hours, Aave has dropped over 4%, and on the weekly chart, it has depreciated more than 7%. The technical outlook for Aave appears bearish, with both demand and accumulation declining on the one-day chart. […]

On-chain data shows an additional 5.9% of the total Bitcoin supply has entered into losses as the cryptocurrency’s price has plummeted to $29,200 today. Bitcoin Supply In Profit Has Declined To 70.4% After Today’s Price Plunge According to data from the on-chain analytics firm Glassnode, 1.11 million BTC has gone underwater with the latest asset […]

Russia is progressing with its central bank digital currency (CBDC). President Vladimir Putin has endorsed the digital ruble bill, signing it into law on July 24. As a result of this approval, the digital ruble law is officially set to take effect starting from August 1, 2023. The digital ruble will serve as an additional […]

Elon Musk is, once again, showing his support for Dogecoin in a subtle but meaningful way. Twitter, one of the biggest social media companies now under the leadership of Musk, recently changed its logo from the infamous ‘blue bird’ to a seemingly discrete X symbol. However, this was not the end of the changes as […]

Binance, the world’s largest cryptocurrency exchange, has now listed Worldcoin (WLD), the much-anticipated digital asset founded by Sam Altman, the CEO of OpenAI. This listing has garnered immense attention from the global crypto community, with investors eager to participate in this new venture. The listing, announced today at 12:00 will include trading pairs such as […]

Currently, the crypto market is under fire from bears, and coins like Ethereum (ETH) are already starting to feel the heat. Amid the struggle to recover, there have been massive inflows of ETH into centralized exchanges, which could spell further struggles for the digital asset going forward. Ethereum Whales Move Millions To Centralized Exchanges Multiple […]

Bittrex Inc., the US arm of the crypto exchange Bittrex Global, has sent a reminder email to its users on the need to withdraw their funds “as soon as possible.” Although the deadline for withdrawal of funds remains August 31, the crypto exchange has urged users to do it soon to give their team “sufficient […]

Following a correction in the crypto market, several coins, including the flagship cryptocurrency Bitcoin, have surrendered their weekly-accumulated gains. However, amid the massive depression, Chainlink (LINK) held more than 14% in the weekly chart. Does the off-chain data aggregator’s remarkable resilience despite the bearish outlook depict a market decoupling, or is something sustaining it? Chainlink […]

On-chain data shows the number of Bitcoin sharks has continued to increase recently, but the whale count on the network has hit stagnation. Bitcoin Sharks Have Continued To Go Up In Number Recently According to data from the on-chain analytics firm Santiment, the number of whales on the Bitcoin blockchain has observed a slight decline […]

Shiba Inu (SHIB) is the second largest meme coin and has a special feature compared to Dogecoin: token burns. Hardly any other topic is discussed more frequently in the SHIB community (besides Shibarium) and causes confusion in the process. Everywhere you can read: “Billions of SHIB burned, this is what happens to the price”. But […]

As the crypto market gears up for one of its major network events, the Litecoin (LTC) halving, investors and analysts are peering into the crystal ball of market trends to try to predict the outcome. Slated for early August, the halving has attracted considerable attention from the cryptocurrency community. However, predictions surrounding the event are […]

XRP, riding on its latest price uptrend, achieved a momentous feat by surpassing BNB to claim the esteemed position of the fourth-largest cryptocurrency by market capitalization. Encouraged by the recent non-security ruling following Ripple Labs’ arduous legal battle against the Securities and Exchange Commission, the value of XRP soared to new heights, and its popularity […]

Since the summary judgment in the Ripple vs SEC case, XRP has captured the spotlight in the crypto market. Now the fourth-largest crypto by market capitalization, XRP, is currently experiencing a consolidation trend. However, this could just be the calm before the storm as both the activity of large investors aka whales and a developing […]

X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musk’s revelation about a Twitter rebranding venture. The obscure altcoin is linked to Project X—a decentralized NFT marketplace that operates across various blockchain networks. To ensure community-driven governance, the X DAO plays a crucial role, empowering users who […]

Dogecoin, the popular meme coin, is making waves once again. A recent tweet by renowned analyst Ali Martinez has made waves in the crypto community, hinting at the potential for a significant rally for DOGE. In a Twitter post that quickly gained traction, Martinez highlighted an intriguing pattern on the monthly chart of Dogecoin. According […]