Bitcoin has dropped from its weekly high of $71,980, recorded on May 21, to as low as $67,000, raising concerns amongst crypto investors. However, crypto analyst Jelle has suggested that there is no need to be worried about the flagship crypto’s price action. Why Investors Shouldn’t Be Worried About The Bitcoin Price Jelle noted in…
Ethereum (ETH), the world’s second-largest cryptocurrency, has been on a tear lately. After months of hovering, the coin has seen a surge in price, and analysts are now pointing to signs within the derivatives market suggesting this rally might have legs. Taker Buy Sell Ratio Nears Equilibrium One key indicator is the Taker Buy Sell…
Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Read More »
Crypto analyst JT (@JTheretohelp1) has provided a technical analysis indicating a pivotal movement for XRP before November this year. His analysis, shared on social media platform X, presents a detailed view of the XRP price in the 2-month chart (XRP/USD) constrained within a converging triangular formation, signaling an impending breakout. Why A Decision Looms Before…
Ready For Liftoff: XRP Price Primed To Skyrocket Before November Read More »
XRP, a crypto that has faced regulatory challenges, is back in the spotlight with analyst Dark Defender predicting a potential price surge by mid-2024. Defender’s analysis hinges on a confluence of factors, including technical indicators, anticipated regulatory changes, and broader market trends. Technical Breakout Aligns With Regulatory Shift Utilizing Fibonacci Time Zones and Elliott Wave…
XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation Read More »
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics following the approval of spot Ethereum ETFs. As the market anticipates this new development, Fahrer suggests that the transition might not be smooth for Ethereum. “The Grayscale Ethereum Trust launched in 2017 and accumulated…
When Spot Ethereum ETFs Go Live ‘Expect A Bloodbath’, Says Expert Read More »
In a recent ruling that could have implications for the crypto industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over a 2021 Dogecoin (DOGE) sweepstakes dispute. The court’s decision, delivered by Justice Ketanji Brown Jackson, dismissed Coinbase’s argument that a ruling against it would invite legal turmoil, emphasizing the importance of…
Coinbase Bears The Brunt Of Supreme Court’s Dogecoin Verdict, DOGE Suffers 4% Slump Read More »
Chainlink’s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar. The price is trading above the $16.50 level and the 100-hourly simple moving average. There was…
Chainlink (LINK) Primed for Another Surge: Major Rally on the Horizon? Read More »
An analyst explained how Bitcoin’s availability for trading has quietly declined during the asset’s recent consolidation phase. Bitcoin May Be In A Good Position To Set New All-Time Highs In a new centralized exchange platforms. The chart below shows how the spot and paper BTC reserves have changed over the past few years. As the…
Analyst Says “Only A Matter Of Time” Before Bitcoin Flies Past ATH Read More »
XRP price extended its decline below the $0.520 support. The price is now trading in a range and eyeing an upside break above the $0.5320 resistance. XRP extended losses and declined below the $0.5120 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line…
XRP Price Consolidates, Gearing Up for Its Next Major Breakout Read More »
The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain. In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundation’s…
FTM’s Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding Read More »
Bitcoin price extended losses and traded below $68,800 support. BTC is now consolidating and facing hurdles near the $70,000 resistance zone. Bitcoin extended its decline below the $68,800 support zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,200…
Bitcoin Price Dips Again: Market Fluctuation or Start of a Correction? Read More »
