Markets

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...

Stellar lumen price is attempting a fresh increase from the $0.1120 zone against the US Dollar. XLM price is now trading near $0.1150 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.1140 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1175 resistance zone. Stellar lumen price is trading in a bullish zone above $0.1140 against...

XRP price is attempting a fresh increase from the $0.525 support against the US dollar. The price is now trading below $0.555 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5610 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.5550 resistance. XRP price is consolidating near $0.5450 against the US Dollar, like Bitcoin. It must stay...

Amidst surging network activity, striking parallels between Dogecoin’s recent price action and its historical behavior in 2020 have emerged. Just as before, DOGE has broken out of a descending triangle formation and is now in a consolidation phase, reminiscent of its previous trajectory. In 2020, this pattern preceded an astounding surge of 28,770%. Crypto analyst Ali Martinez suggested that history might repeat itself, hinting at the possibility of another substantial bull...

Bitcoin’s price has been on the run for the past several months, having surged from under $20,000 to over $50,000 since June 2023. While that was mainly driven by the anticipation and the subsequent approval of nearly a dozen spot Bitcoin ETFs in the States, it seems retail traders are still not present, which begs the question of whether their arrival could propel another price surge for the asset in the next few months. How Did We Get Here? Data from Google Trends shows the...

TL;DR MAGA (TRUMP) coin hits an all-time high, whereas some leading cryptocurrencies show minor losses. The asset could be associated to Donald Trump who recently softened his stance on cryptocurrencies ahead of the US presidential elections. The prices of most leading cryptocurrencies (in terms of market capitalization) have experienced minor losses or have been trading sideways in the past few days. Bitcoin (BTC) is down less than 1% on a 24-hour scale, whereas Solana...