Markets

Bitcoin surged above $61,000 on Wednesday, marking its highest level since November 2021. The rally seems fueled by significant inflows into US-based spot Bitcoin ETFs. With bullish momentum building, all eyes are on the leading crypto asset’s trajectory, and data suggest that it might be able to break its previously established all-time high of $69,045. MVRV Ratio Signals Buying Opportunity The MVRV Ratio, derived from dividing an asset’s market capitalization by its...

The price of Bitcoin (BTC) experienced massive volatility on Wednesday, soaring to nearly $64,000 before sinking again to $60,500 within one hour. Amid the chaos, crypto traders have experienced $638 million in liquidation over the past 24 hours, including $391 million of liquidations in the past 4 hours alone. According to Coinglass, about $55 million of liquidations in the last hour impacted a consortium of little-known altcoins, while $96 million was liquidated on BTC...

Solana price started a fresh increase from the $98.00 zone against the US Dollar. The price is now trading above $108 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $107 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $114 and $118 to continue higher in the near term. Solana price is trading above $105 against the US Dollar, like Bitcoin. SOL could start a...

Bitcoin price started a strong increase above the $55,000 zone against the US Dollar. The price is now trading above $55,500 and the 55 simple moving average (4 hours). There was a break above a key bullish flag with resistance at $52,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $56,000 support zone. Bitcoin price is showing positive signs above $56,000 against the US Dollar. BTC might...

Bitcoin’s fast-rising price is attracting traders and speculators back into the market, on-chain data suggests. In a Tuesday newsletter, blockchain intelligence firm Glassnode highlighted how risk appetite is increasing across various cohorts of the Bitcoin market, including institutional buyers and short-term holders alike. Bitcoin Holders Back In Profit Since the start of the year, Bitcoin has enjoyed massive capital flows, with the asset’s realized cap rising by $30...

TL;DR The valuation of one particular cryptocurrency spiked after Coinbase added it to its “roadmap,” indicating potential future listing. Such announcements from the company have historically led to price increases for affected digital assets, highlighting the impact on market accessibility and investor interest. The price of Akash Network (AKT) jumped by approximately 20% following Coinbase’s announcement to add the token to its “roadmap” section. Assets added to the...

TL;DR Bitcoin’s price recently soared above $56,000, with predictions suggesting a further surge to new all-time highs due to the halving event and investor sentiment. Bullish market indicators, such as negative exchange netflows and rising futures open interest, hint at increased confidence and trading activity in BTC. BTC’s Odds to Skyrocket The price of Bitcoin (BTC) has gone through the roof in the past several hours, rising to almost $57,000 (per CoinGecko’s data),...

Ethereum has witnessed a notable surge in the past week as its Layer 2 TVL nears the $30 billion milestone with sustained momentum. As shown by L2Beat, the cryptocurrency, second only to Bitcoin in market capitalization, has shown an upward trajectory. It is worth highlighting that assets and tokens associated with its ecosystem have also demonstrated positive movements. Arbitrum Leads Ethereum L2 TVL Surge Ethereum is up more than 10% over the last week to trade at $3,254, a...

Popular trader Peter Brandt has adjusted his forecast for Bitcoin’s peak in the ongoing bull market. The commodity and foreign exchange trader for over thirty years now has predicted that the leading crypto asset will hit $200,000, a significant increase from the earlier projection of $120,000. Brandt anticipates that the ongoing bullish cycle is poised to end around August or September 2025. New Peak Target of $200,000 by 2025 The upward revision comes as Bitcoin surged...

The cryptocurrency world has witnessed the ups and downs of many meme currencies, all vowing to be the upcoming game changer. Major tokens like Dogecoin and Shiba Inu have carved out a prominent place as top-tier tokens. At the same time, other new entrants have captured parabolic market movements through social media hype and strong community engagement. However, recently we’ve seen a rather disappointing trend of mediocre tokens entering the market, with no...