Markets

EOS price started a fresh decline after it failed to clear $1.150 against the US Dollar. The price is now trading below $1.00 and the 55 simple moving average (4 hours). There is a declining channel forming with resistance at $0.770 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.775 and $0.80 resistance levels. EOS price is struggling below $1.00 against the US Dollar, unlike Bitcoin....

Experts believe these fluctuations in Bitcoin’s price action are indicators of a potential surge. They suggest that buying the dip after geopolitical conflicts has always been a profitable strategy, as shown by market trends. The current market conditions offer such opportunities. For instance, Bitgert Coin has also dipped in the last few days. By riding on the wave of innovation and market resurgence, Bitgert is expected to surge by 3000% before June. What is it...

Litecoin started a fresh decline from the $105 resistance zone against the US Dollar. LTC price is now trading below $90 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $87.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $70.00 support zone. Litecoin price is struggling below $90.00 against the US Dollar, like...

Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US dollar. On April 16, on-chain analytics firm CryptoQuant took a deep dive into the Ethena ecosystem revealing risks with the latest stablecoin, which has seen its market capitalization grow to more than $2 billion in a shorter time after launch than any other major counterpart. USDe’s market cap...

The ongoing memecoin frenzy took a dip as the crypto market was bleeding over the weekend. Bitcoin (BTC) along with the broader crypto market fell nearly 10% on Saturday. Despite the current market conditions, markets for top memecoins remain more liquid than earlier this year. New age memecoins have been all the rage this cycle and BEFE, despite being just a few months old, has made a significant mark in this volatile yet competitive space. With a community of...

While the crypto market has seen some bearish price action recently, a few meme tokens are bucking the trend. Over the past 24 hours, Shiba Inu (SHIB) and Pepe (PEPE) have rallied, showing the resilience of joke coins in the current market climate. However, a new meme project called Dogeverse (DOGEVERSE) is generating the most buzz – with many touting it as the next breakout star in this niche. Shiba Inu & Pepe Price Defy Crypto Crash with Resilient Rallies Since...

While crypto has long been highly affected by the broader financial market, the price of Ethereum (ETH) appears especially impacted by its movements. According to recently published data from IntoTheBlock, the correlation between ETH and several traditional market indexes is now far higher than those between its larger rival, Bitcoin (BTC), and the same markets. Bitcoin, Ethereum, and Stocks The firm’s figures show a correlation coefficient of 0.7 between ETH and the DAX – a...

Bitcoin’s price crashed by over 5% below $60,000 on Wednesday amid a market selloff impacting the broader crypto and stock markets. Bitcoin (BTC) began the day trading for roughly $63,700 per coin. Its price began sinking drastically starting at 1:40 PM UTC, and has plummeted to $59,950 as of 4:45 PM UTC. It trades for $60,475 at press time. Meanwhile, the price of Ethereum (ETH) has slid back under $3000 to just $2950 at writing time. The S&P500 and Nasdaq 100 have...

The cryptocurrency market endured massive volatility this week. Amidst geopolitical instability, this price action triggered billions in liquidation and left many wondering if Bitcoin could be used as a hedge against chaos. However, certain cohorts of Bitcoin holders remained unfazed. This is evident by the fact that Bitcoin appears to be entering an accumulation phase as withdrawals from exchanges surged to levels not seen since January 2023. Bitcoin Investors Prepare for...

Solana price gained bearish momentum below the $150 level against the US Dollar. The price is now trading below $150 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $155 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $150 resistance. Solana price is trading in a bearish zone below $160 against the US Dollar, like...