If you have been following the crypto industry since the start of the year 2022, then you have boarded the crypto train at the worst time. No matter the digital asset you look at, all you would find is a downtrend and the value moving into the negative zone. The entire crypto industry has been…
Technical indicators may offer insights for market players that need hope as the crypto market sees extended chaos. This article evaluated three crucial indicators and what they reveal about Bitcoin’s near-term price. Bitcoin and the crypto space have experienced bearishness this year. Indeed, the industry has struggled this year as players like 3AC, Terra, and…
The crypto market continues its downward journey, and experts believe enthusiasts should watch cryptocurrency exchange Genesis, which might be seeking additional funding. Bitcoin and Ethereum extend their downside trip, with market participants worried that more cryptocurrency exchanges might follow FTX’s steps. The leading digital coin, Bitcoin, lost approximately 6.6% in the last 24 hours to…
Bitcoin extended its bearish track, losing $16.5K & $16.4K. Downward tendencies pushed prices beneath $16.5K and the 100-hourly Simple Moving Average. The 1-hour chart confirms a forming bearish boundary with $16,390 resistance. A move past the hurdle of $16.5K would translate to a decent uptick. The world’s leading crypto sees gradual dips toward $15.5K. Bitcoin…
Bitcoins saw a rebound from its short-term EMA to display a robust bullish inclination. BTC’s development activity and social dominance formed a downtrend. Bitcoin’s current upside supported buyers to initiate a closing beyond its 20 and 50 Exponential Moving Averages on the 24hr chart. Meanwhile, buyers revived momentum after climbing beyond the longer-term trend-line support…
CleanSpark, a BTC mining firm, has purchased 3,843 crypto miners to consolidate its position within the marketplace. The company bought the Antminers Pro for $5.9M at $15.50/Terahash. Also, CleanSpark confirmed machine count purchased since the bear market arrived stands over 26,500. The deal remains critical as it emerged when most mining firms file for insolvency…
ADA price seems to gain strength for the next upside. Price has steadied beyond $0.38 before dipping into a sideways setup. Downward corrections to $0.35 might materialize if Cardano losses the floor at $0.40. Cardano’s price outlook is neither bearish nor bullish today, as the altcoin dipped into a sideways pattern near the $0.40 area….
Bitcoin has ended an exciting week experienced in a while. That’s because the asset’s October decline extended the bearish bias since mid-August. Consequently, the latest rally eased the tension amid the market downturn, translating to excitement during the previous week’s rally. However, can BTC bulls sustain the current uptrend for a while? Though BTC saw…
Dogecoin saw a sudden surge within the last few days. Though the market structure remained bullish during this writing, investors should watch for this support break to highlight a bearish resurgence. Dogecoin has hovered inside the $0.67 – $0.057 range since December 2021. Meanwhile, Bitcoin has defended the support level at $19K over the last…
Shiba Inu’s (SHIB) burning party witnessed new developments amid continued fire despite some glitches. Nevertheless, the party presented some notable features for the community. Fire Dominates The SHIB games portal welcomed a burning mechanism via Amazon’s affiliate link. August stats reveal that the SHIB SuperStore attained a 3-month milestone, exceeding $2K in burnt coins. Nevertheless,…
Reports from the Labor Department indicated that the United States consumer prices slowed in September compared to the previous month. Moreover, inflation emerged faster than what experts had forecasted. Meanwhile, the crypto market noted upsides. Cryptocurrencies revived on Friday following inflation numbers, though still within the range before the data. Nevertheless, the crypto market recuperated…
Bitcoin rose beyond $20K again, but the altcoin suffers from a considerable absence of enthusiasm. That’s because BTC has hovered within the $17K – $22K range over the past few weeks. Meanwhile, Bitcoin whales contributed to maintaining the range as they purchased around the range bottom & selling around the range top. Nevertheless, some latest…
Cardano flipped support at $0.438 to the nearest resistance on its 4Hr chart. ADA had its Binance funding rate turning positive. Cardano resorted to southbound movements within the past three weeks after ADA plateaued at the hurdle at $0.51 in September. As a result, the downturn comprised a trend-line resistance that persistently catalyzed selling rallies….
Binance Coin (BNB) has displayed disappointing antics since early September, worrying market players. Nevertheless, a report showed the exchange crypto attained some lucrative performance in some crucial areas. BNBburn revealed that the coins burned in Q3 exceeded the Q2 record. While publishing this post, Binance Coins burned in the 3rd quarter were 2,040,503.56 $BNB, compared…
The crypto analytics firm Glassnode revealed that Bitcoin’s CCD (Coin Days Destroyed) hit all-time lows on September 26. That showed long-term held their supply despite BTC bearish movement. That shows Bitcoin long-term HODLers have renewed hope in the leading crypto. Moreover, that indicates bullish expectations in the upcoming times. Tokens over three months old contributed…
Solana is among the multiple blockchains that have concentration carbon neutrality. That remains a vital consideration as climate change gains more attention. Unsurprisingly, the latest energy consumption report showed an increased carbon footprint. It increased by 26% year-on-year between March 2021 and March 2022. The result remained against the platform’s plans for reduced lower carbon…
Decentraland (MANA) propelled social activity within the last few days following a massive announcement. Spanish football league’s top-tier, LaLiga, entered a strategic deal with SatadioPlus, a technological firm. The agreement will allow Laliga to show themed land plots in Vegas City. Furthermore, Vegas City runs the top games, entertainment, and sports sectors of Decentraland, furthering…
Ripple’s XRP and Cosmos’ ATOM are among the few assets with substantial upticks within the last 24 hours. Ethereum continues to dip after the awaited Merge. Bitcoin recorded further declines, moving beneath the south-after $20K. That saw the crypto hitting a week low around the $19K vicinity. Also, Ethereum remained down after the Ether 2.0-…
Monero recently introduced an upgrade that market players can easily dismiss as a run-of-the-mill safety update. More scrutiny, especially about the reasons for the update, shows it’s a critical update for future-proofing security. Monero has shown consistency as far as security updates are concerned. For instance, it has been analyzing its blockchain’s tolerance against future…
Maker, the issuer of DAI stablecoin, has nearly doubled the limit on its staked Ethereum vault. The DeFi protocol is planning to stop its dependence on centralized stablecoin like USDC. The recent Tornado Cash scandal has fueled the plan. Staked Ethereum represents one unit of ETH that has been locked up or deposited in expectation…
