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Bitcoin (BTC)

Shiba Inu Outpaces Bitcoin Cash as SHIB Price Jumps 5%

TL;DR Shiba Inu (SHIB) has surpassed Bitcoin Cash (BCH) in market capitalization, ranking as the 18th largest cryptocurrency with nearly $5 billion in value. SHIB experienced a price rally, increasing around 5% in 24 hours and 12% over two weeks, outperforming major cryptocurrencies like BTC and ETH, which have shown more stability in their price movements. The SHIB surge is potentially influenced by the development of Shibarium, a layer-2 solution aimed at reducing...

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This Is Bitcoin’s Next Target if the Bullish Rally Continues Above $35K: BTC Price Analysis

By Shayan Bitcoin’s recent price movement indicates a struggle between sellers and buyers around the significant $35K resistance area, resulting in consolidation with slight volatility. However, a bullish breakout at this level holds the potential for a substantial uptrend. The Daily Chart Upon analyzing the daily chart, Bitcoin has maintained a noticeable uptrend since the beginning of 2023, trending in an ascending channel pattern. The price recently reached the critical...

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WisdomTree to Expand Investment Options with Bitcoin in Commodity ETF

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the...

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Paynoom Introduces Innovative Payment Solutions on Its Platform

Paynoom is proud to announce a groundbreaking expansion of its payment options, redefining how users top up their accounts. As of November 2023, the crypto exchange added new payment methods, such as iDeal, Neosurf, Bankcontact, ZEN, Skrill, Neteller, AdvCash, and Payeer. Moreover,Paynoom strives to provide the lowest cost possible for processing transactions, thus reducing the risk of fraud and enhancing the transparency customers seek. Paynoom’s Solution Redefines Top-Up Methods As an...

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Binance to List ORDI Ordinals with Application of Seed Tags

The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens. In the latest announcement on Tuesday, November 7, Binance will list Ordinals (ORDI) on the platform while introducing spot trading pairs such as ORDI/BTC, ORDI/USDT, ORDI/TRY. Furthermore, Binance also announced that they would be applying a Seed Tag to ORDI. Ordinals is a new inscription protocol on the Bitcoin network. The total supply of Bitcoins...

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Cardano (ADA) Price Analysis: Rally Is Just Getting Started

ADA price is gaining pace above the $0.320 zone against the US Dollar. The price is now trading above $0.340 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.3540 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.375 and $0.380 resistance levels. Cardano price is rising above $0.350 against the US Dollar, like Bitcoin. ADA price could rally further if there...

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Pro Traders Are Avoiding Crypto Markets Despite Strong Performance

Bitcoin (BTC)’s massive gains this year have done little to bring crypto day traders back into the market, according to data provided by Bitstamp. Since the start of the year, retail training volume on the exchange’s US platform has grown to 35% from 33%, while global retail volume has only risen from 8% to 9%. Where are the Day Traders? In conversation with Bloomberg, numerous pro traders claim to have lost interest in crypto despite once making tremendous profits in the...

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Important Ripple (XRP) Metric Hits Its Highest Level in 2023: Details

TL;DR XRP price exceeds $0.70, outshining other cryptocurrencies with significant holding by large investors and a recent spike in social media discussions. XRP’s performance, with over a 25% gain, eclipses Bitcoin’s 2% rise, reflecting a standout rally in the crypto market. Analyst predictions suggest further growth for XRP, with ambitious price targets up to $18.22, supported by optimistic technical analyses. XRP Whales on the Move Ripple’s coin – XRP – has been crypto’s...

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Bitcoin Bull Market Patterns Start to Appear: Bitfinex Alpha

2The crypto market has showcased an impressive run surpassing traditional in terms of growth as well as resilience. Bitcoin’s price trajectory, for one, offered a compelling glimpse into its robust health. Over the past year, the flagship crypto has [posted over 65% gains. Despite this, the long-term Bitcoin holders (LTHs) are yet to capitulate. Long-Term Bitcoin Holders Stand Firm According to the latest report from Bitfinex Alpha, the diminishing Coin Days Destroyed (CDD)...

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Binance CEO Teases Major Announcement amid Crypto Market Turbulence

This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet. In a cryptic post on X, Changpeng ‘CZ’ Zhao, the CEO of Binance, recently sparked the curiosity of the crypto community by simply posting the number “3” and an announcement with a video captioned “COMING SOON”. 3 👀 pic.twitter.com/mp4SOcBbXY — CZ 🔶 Binance (@cz_binance) November 6, 2023 Binance Announcement amid...

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