FTX Infection Paves Way for Criticism against Binance After FTX was forced to face bankruptcy proceedings, Binance has been overwhelmed with a number of uncertainties, doubts, and unnecessary speculation. Peculiarities are stemming out of FTX’s downfall which subsequently paved way for rumors that Binance also is under investigation by US regulators. Reuters’ 12th December publication…
In the past couple of days, the trading prices of two tokens issued by the BNB Chain seem to be performing well. Their performance is somewhat better than the rest of the major cryptocurrencies. Nowadays, it is only a matter of luck for any cryptocurrency to experience a boost in its value. Even the likes…
LTC Value Decrease 8th December 2022’s trading sessions came hard at Litecoin (LTC) as the coin failed in showing resistance in the three sessions. Resultantly, LTC’s value kept declining throughout Thursday’s sessions and fell as low as $74.82. Value decline was rather surprising as a day earlier LTC managed to raise its value above a…
5% Decrease In NFT Sales Volume Past Week As per data from cryptoslam.io, approximately $112.70 Million worth of Non-Fungible Tokens’ (NFTs) sales were carried out in the past 7 days. The data further indicates that last week’s NFT sales volume dropped significantly by 5.23%. However, as regards NFT transactions, the data notes that there has…
Mixed Sentiment in Crypto Market The Crypto market is usually led by the market creator, Bitcoin. If Bitcoin’s value drops then subsequently values of all cryptocurrencies fall. However, this does not happen all the time as exceptions are also quite frequent. Similar exceptions were noticed at the end of last week, although the sentiment in…
Bitcoin may be edging down and its mining may not be viable currently but the truth is crypto winter hasn’t ended yet. In fact, the winter season has been extended till a time unknown. In these circumstances, witnessing a gainer in the crypto market is a rare sight but not rare for Litecoin (LTC). LTC…
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…
LTC price displays a bearish divergence forming on the 24hr chart, hinting at an upcoming fall. On-chain data shows 22% of Litecoin holders enjoy profit, further painting a bearish outlook. A breakdown of $55.23 will form a lower low, annulling the bullish case. Litecoin price saw an impressive rally after the FTX-driven crush bottomed on…
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…
Escalated selling pressure over the past few days saw APE witnessing a patterned bearish break. The crypto saw slight improvements in MVRV and network growth. ApeCoin had its downward snowballing after the alternative token touched its all-time high zone in April 2022. That saw the alt denying buyers an opportunity to welcome trend-shifting rallies for…
XRP price outlook is bearish. The next resistance stands at $0.3551. XRP/USD has support at $0.324. Ripple price exhibited losses as the remittance token plummeted toward $0.3496 today. The downward trend remained constant within the past two days, and the price followed a downside trend. Meanwhile, the trend reversals were somewhat unanticipated as bulls led…
Chainlink price paints a bearish picture. LINK’s massive resistance stance at $8.9 The alt has reliable support at $%.9 Chainlink price outlook shows the alternative token exploring bearish tendencies on 13 November 2022. Crypto suffered a massive downside amidst the ongoing turmoil in the cryptocurrency market. LINK’s price remained negative within the last few hours….
Chiliz highlighted that its new PoSA (Proof-of-Staked-Authority) chain was in the testnet phase. The latest market correction saw CHZ price rallying, putting most holders in profit. The leading entertainment and sports fan token platform, Chiliz, revealed two crucial upgrades on its ecosystem in the upcoming weeks. Moreover, it showed the announcement on November 9. The…
LTC price analysis shows upside tendencies. LTC/USD support stands near $54.75. The altcoin encounters rejection at around $63.74. The Latest Litecoin price outlook shows LTC explores bullishness today, following positive sentiment within the marketplace. Meanwhile, bulls target new highs as they explore the $62.64 mark. That cleared the path toward the $63.74 record high. The…
Cryptos exposed to Alameda Research, FTX, and Sam Bankman-Fried seem to have suffered the most. Solana witnessed its total value locked plunging by 32.4% within the past day. That came as the news of FTX callable sent a shockwave in the entire cryptocurrency market. DeFiLlama shows SOL’s TVL dropped to $423.68 million, reflecting a 32.4%…
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…
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…
