Shiba Inu (SHIB) enthusiasts have been eagerly monitoring the cryptocurrency’s price movements as it approaches a critical juncture. After a period of consolidation, the Shiba Inu price has finally reached the support line of a long-term pattern, igniting hopes of a potential bounce. However, investors remain cautiously optimistic, aware that the validity of this anticipated […]
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A United States District Judge, Amos Mazzant, has ruled that Binance, the world’s largest cryptocurrency exchange by client count, is not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig butchering scheme. Binance Is Not Liable In a ruling on May 22, Judge Amos dismissed the […]
MicroStrategy is a business intelligence firm and one of the biggest holders of Bitcoin, the world’s most valuable cryptocurrency by market capitalization. And Michael Saylor, the former CEO of MicroStrategy, believes the cryptocurrency market is bottoming, and a Bitcoin rally is on the horizon. Regulation, Halving, And Ordinals Are Drivers In the interview, Saylor points […]
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, appears to be on the verge of a potential reversal. Technical analysis shows a compelling case for Ethereum’s potential reversal toward the $1,900 mark. The coin has shown signs of finding support at its current levels, and with mounting buying pressure, a bullish trend could be on […]
Litecoin price is attempting an upside break above $93 against the US Dollar. LTC could rally if it clears the $93 and $95 resistance levels. Litecoin is slowly moving higher toward $95 against the US Dollar. The price is now trading above $90 and the 100 simple moving average (4 hours). There is a key […]
The top 5 cryptos are treading cautiously as Bitcoin enters its narrowest trading range, reminiscent of July 2020 prices, according to Glassnode. Consolidating within its tightest seven-day range in three years, Bitcoin’s movement indicates an imminent significant shift in the days ahead. Amidst the cautious sentiment in the broader financial market following a recent debt […]
While Bitcoin price exchanges hands above the $27,000 price level, iconic trader Peter Brandt dropped a new prediction for it. The trader believes it could take one more price pullback for BTC to climb higher. Nonetheless, Brandt calls this price forecast a guess, adding that guessing is the best he can offer. Brandt told his […]
Ethereum price climbed above the $1,840 resistance against the US Dollar. ETH is showing positive signs and might aim a move toward the $1,920 resistance. Ethereum is currently gaining pace above the $1,840 resistance zone. The price is trading above $1,820 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming […]
After a few days of stagnation, the Shiba Inu community seems to have picked up its token-burning mechanism. A report from Shiba Inu’s token burn aggregator, Shibburn, indicates that the SHIB Army has significantly raised the burning rates within the past 24 hours. The data showed that the community destroyed 50.18 million SHIB tokens in […]
Bitcoin price is slowly moving higher above $27,000. BTC could start a strong increase if it clears the $27,200 resistance zone. Bitcoin is attempting a fresh increase above the $27,000 level. The price is trading above $27,000 and the 100 hourly Simple moving average. There is a crucial bearish trend line forming with resistance near […]
Everyone is looking for an edge when trading crypto. In a new video, a Bitcoin indicator designed for finding precise market turning points is used to turn $5 into $34,000. The results are a shocking 88% success rate and more than 679,000% ROI. Let’s take a closer look. About The Bitcoin Indicator Used: Fisher Transform […]
Mike McGlone, a senior commodity strategist at Bloomberg, has highlighted Bitcoin’s (BTC) historical patterns of boom and bust, which are closely tied to liquidity. According to McGlone, Bitcoin’s current price level of around $27,000 may be at risk of reversion, considering that it was only $7,000 at the end of 2019 before the massive liquidity […]
Despite the prevailing selling pressure in the cryptocurrency market, Litecoin has emerged as a standout performer. While the past 24 hours have not witnessed significant movement in the LTC price, the weekly chart reveals an appreciation of nearly 4%. A significant breakthrough occurred as Litecoin surpassed the crucial $90 price level, signaling a positive shift […]
The Solana (SOL) blockchain has recently witnessed a divergence in its on-chain activity and the number of new addresses joining its network. Despite an impressive surge in new addresses, SOL’s on-chain activity experienced a decline during May. Meanwhile, the asset’s price has also mirrored its on-chain activity as SOL has been in a downtrend in […]
Ethereum’s (ETH) Beacon Chain has seen significant inflows since staking withdrawals were enabled on April 12th, with over $7.7 billion worth of Ethereum deposited into the contract. This is despite some initial predictions of a flood of outflows following the Shanghai Upgrade. The Beacon Chain is a core component of Ethereum 2.0, the next generation […]
Here’s how the current Bitcoin rally stacks up against the previous ones in terms of the drawdowns it has experienced so far. The Current Bitcoin Rally Has Seen A Peak Drawdown Of -18.6% So Far In a recent tweet, the on-chain analytics firm Glassnode compared the latest Bitcoin rally with the ones seen throughout the […]
Dogecoin’s on-chain transaction count is up more than 60X from roughly 20,000 transactions as of May 1 to over 1.20 million on May 20, BitInfoCharts data shows. 60X Spike In Transaction Count The present spike represents a 60X expansion in the Dogecoin transaction count, a noteworthy development primarily due to the launch of Ordinals on […]
Ethereum (ETH), the second-largest digital asset in the cryptocurrency sector, is currently captivating traders’ attention as volatility gauges indicate an intriguing shift in market dynamics. Contrary to the customary pattern, these indicators are suggesting that Ether may experience relatively smaller near-term price fluctuations compared to Bitcoin, according to Bloomberg. This unexpected reversal has injected a […]
Momentum in the crypto market has ground to a near-halt over the last couple of days and meme coins are suffering the most for it. As market participants remain wary of their investment options, the likes of PEPE, SHIB, and DOGE have continued to decline, signaling an end to the short meme coin bull run […]
The bearish pressure in Chainlink (LINK) since April 19, 2023, seems to have ended recently. Notably, the asset dropped from $8.57 to a low of $6.37, representing a dip of 25.67% between April and May 11. However, a strong recovery in the LINK market started on May 12 till date. On May 21, 2023, the […]