Markets

Bitcoin went through a massive correction to under $60,000 after blasting past a new all-time high above $69,000 on Wednesday. Experts indicate that despite the volatility, there’s continued positivity in the market, hinting at potentially strong movements in the days ahead. Correction Brings Renewed Positivity CryptoQuant’s latest analysis, for one, suggests that the ongoing correction in Bitcoin’s price is actually fostering a more positive outlook for the crypto asset. The...

CoinspeakerBitcoin (BTC) Rebounds after Tipping $1B Market-Wide Liquidation Over $800M of the $1B in liquidation was accounted for by long positions, meaning leveraged bulls recorded massive losses. Bitcoin (BTC) Rebounds after Tipping $1B Market-Wide Liquidation

Solana price started a downside correction from the $145 zone against the US Dollar. The price is now trading below $125 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $130 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $115 and $110 support levels to start another increase. Solana price is trading above $110 against the US Dollar, like Bitcoin. SOL is...

Bitcoin price started a downside correction from the new all-time high at $69,324 against the US Dollar. The price is now trading above $60,000 and the 55 simple moving average (4 hours). There was a break below a key rising channel with support at $64,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $60,000 support zone. Bitcoin price is correcting lower below $65,000 against the US...

Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria. The crypto exchange said that it will remove all current NGN pairs by Thursday, and any remaining NGN balances will be transformed into USDT by Friday. According to the official blog post, Binance will halt NGN withdrawals starting from March 8, following which, any remaining NGN balances in users’ Binance accounts will be...

Crypto market sell pressure was relentless on Tuesday, with Bitcoin’s price drifting as low as $61,000, triggering more than $1 billion in liquidations across the crypto market. Data from Coinglass shows that $1.17 billion in liquidations have occurred over the past 24 hours, including $876 million of long trades and $292 million of shorts. This follows Bitcoin’s brief and narrow reclaim of its all-time high on Tuesday morning, rising to $69,200 before the market dumped. Over...

Bitcoin (BTC)’s meteoric rise over the past few months has many long-term holders starting to cash out their positions, on-chain data suggests. In a research newsletter published on Tuesday, Glassnode noted that long-term investors have already distributed 480,000 BTC since December 2023, from which time BTC has appreciated 45%. Bitcoin’s Distribution Phase According to lead Glassnode analyst James Check, roughly half of the old coins to started changing in the last three...

Every holder of OP, the native token of the Ethereum-based layer-2 scaling solution Optimism, is currently in profit following the asset’s surge past its all-time high. According to data shared by crypto market intelligence platform IntoTheBlock, over one million addresses holding OP, including wallets that acquired the token at $4.01, are currently in the money. The feat comes as OP surges past $4.50, crushing a high of $3.54 recorded in February. 100% of OP Holders in...

CoinspeakerBitcoin Price Surpasses Its 2021 All-time High, Reaching Peak of $69,170 Bitcoin hits a new all-time high of $69,170 driven by US regulators' approval of ETFs and rising investor confidence. Analysts weigh in on Bitcoin's future amidst market euphoria. Bitcoin Price Surpasses Its 2021 All-time High, Reaching Peak of $69,170

CoinspeakerBinance to Cease All Nigerian Naira Transactions This Week Despite regulatory challenges, Nigeria has emerged as one of the fastest-growing crypto economies globally. Binance to Cease All Nigerian Naira Transactions This Week