Markets

Bitcoin’s price suffered a substantial correction today, a day after it finally broke above the coveted $50,000 line. This has resulted in a large number of liquidated traders, as well as over $200 million of wrecked positions on a daily scale. BTCUSD. Source: TradingViewAfter a positive last week, in which BTC soared from $43,000 to over $48,000, the asset had a relatively quiet weekend, standing at around the latter. Monday started with a minor retracement that drove the...

ADA price is gaining pace above the $0.5350 zone against the US Dollar. The price is now trading above $0.540 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.5420 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.5680 and $0.600 resistance levels. Cardano price is rising above $0.540 against the US Dollar, like Bitcoin. ADA price could rally further if there is...

Ethereum price is moving higher above the $2,500 resistance against the US Dollar. ETH price is now trading above $2,550 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $2,580 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,540 support zone. Ethereum price is rising above the $2,600 level against the US Dollar. ETH/USD could rise further if it clears the...

Two top executives of Swiss-based cryptocurrency custody provider Metaco have reportedly departed the firm less than a year after landing an acquisition deal with blockchain solutions company Ripple. According to a CoinDesk report citing a Ripple spokesperson, Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to announce the employees who will fill in those roles. Metaco CEO and CPO Leave Firm Metaco has not revealed the reason...

Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply available for miners to sell will effectively decrease by 50%. If the demand for it remains the same or it increases, the price will go up – that’s how markets...

Bitcoin (BTC) broke a two-year high above $50,000 on Monday – the highest recorded price for the leading digital currency since December 2021. The coin’s surge was accompanied by $191 million in liquidations across the crypto market within the past 24 hours. According to Coinglass, over $36 million in crypto shorts have been liquidated in the past hour alone. Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on...

CoinspeakerDual Sides of Shiba Inu: Market Resilience and Rebranding Challenge Shiba Inu's transition from a meme to utility token via Shibarium, gaining investor interest despite volatility, might signal strong community support and a promising future in the crypto space. Dual Sides of Shiba Inu: Market Resilience and Rebranding Challenge

CoinspeakerERC-404 Market Drops amidst Backlash for Driving Ethereum Gas Fees ERC-404 market slumps amidst reported impact on Ethereum gas prices. ERC-404 Market Drops amidst Backlash for Driving Ethereum Gas Fees

Stellar lumen price is attempting a recovery wave from the $0.1065 zone against the US Dollar. XLM price is now trading above $0.1100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1080 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1130 resistance zone. Stellar lumen price is trading above $0.1100 against the US Dollar,...

Ripple price started a downside correction from the $0.5350 zone against the US dollar. The price is now trading above $0.5150 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5160 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.5150. Ripple price is consolidating near $0.5220 against the US Dollar, like Bitcoin. XRP...