Crypto news

ADA price is attempting a fresh increase from the $0.565 zone against the US Dollar. The price is now trading above $0.600 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5900 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.640 and $0.650 levels. Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could...

Ethereum price is moving higher above the $3,000 resistance against the US Dollar. ETH price is now trading above $3,120 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $3,000 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $3,000 support zone. Ethereum price is rising above the $3,120 level against the US Dollar. ETH/USD could rise further if it clears the...

Solana-based investment products had seen steady inflows throughout the year after intensive performance and reliability improvements. However, investor confidence took a hit due to a network outage lasting five hours earlier this month, caused by a bug that caused transactions to enter an infinite loop, thereby impacting the network’s functionality. Solana’s Troubles Continue Among altcoins, only investment products tied to Solana experienced outflows, which surged to $3...

TL;DR Shiba Inu’s daily active addresses have seen a substantial increase, signaling growing interest and a potential price rally. Other developments, such as the burning mechanism and Shibarium’s progress, might also positively affect SHIB’s value. While Shiba Inu’s price has underperformed as of late, some essential indicators related to the second-largest meme coin by market capitalization have been on a substantial rise. According to IntoTheBlock data, SHIB daily active...

Hong Kong-based cryptocurrency exchange BitForex has stopped all withdrawals for at least three days, leaving users puzzled and worried about the safety of their assets. This incident was revealed when blockchain sleuth ZachXBT flagged suspicious activity on the platform, sparking fears of a potential exit scam. Exit Scam Suspicions and Halted Withdrawals ZachXBT, in a post dated February 26, expressed concerns about potential irregularities involving BitForex, suggesting the...

The price of the largest cryptocurrency by market cap took a sudden liftoff and shot up by more than two and a half grand in minutes to a new 26-month peak of over $53,500. The altcoins have also turned green, with ETH soaring even further above $3,100 and BNB nearing and briefly surpassing $400 for the first time since May 2022. BTCUSD. Source: TradingViewCryptoPotato reported earlier that BTC’s price had stalled as the asset was unable to overcome $52,000 during the weekend...

Ethereum has recently experienced a notable upswing, surging past key resistance levels, including the $2.8K mark, and breaching the significant psychological barrier of $3K. This upward movement suggests a prevailing bullish sentiment in the market, with investors eyeing the crucial yearly swing high of $3.6K as the next target. By Shayan The Daily Chart A closer look at the daily chart reveals Ethereum’s impressive rally following a bounce off the 100-day moving average,...

Bitcoin’s price has been making higher highs and lows consistently over the past few months. However, the market is currently consolidating around a key resistance level, failing to continue higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been breaking through several resistance levels since rebounding from the $40K support zone. Yet, the market is currently hovering around the $52K resistance level. While there are no serious...

Ripple’s price has been consolidating against USDT while consistently dropping lower against BTC. Things might get even worse in the short term if nothing changes from a technical analysis aspect. Technical Analysis By TradingRage The USDT Paired Chart On the daily chart, the price has been testing the higher boundary of the large descending channel and the 200-day moving average around the $0.55 price mark. However, the 200-day moving average has rejected the price to the...

After an impressive run, spot Bitcoin ETFs appear to have hit a snag as inflows saw a minor reduction. Lookonchain’s latest analysis reveals a concerning trend in the cryptocurrency market as Bitcoin ETFs experience a significant decrease in inflows. Bitcoin Inflows Hit Snag According to the provided data, only 18,477 BTC, equivalent to $951 million, were added across 8 ETFs from 12th February to 16th February, marking a stark contrast to the previous week’s influx of 47,961...