Markets

Bitcoin price started a downside correction from the $44,400 zone against the US Dollar. The price is now trading below $43,200 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $43,000 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 $40,500 support zone. Bitcoin price is correcting lower below $43,200 against the US Dollar. BTC...

Uniswap has seen substantial growth over the last week following the implementation of various features on the platform, such as Rootstock, an Android mobile wallet app, and extended capabilities to other blockchains. Uniswap’s native cryptocurrency, UNI, has also experienced a notable surge during the recent crypto bull market, witnessing a 22% increase over the past week, rising from $5.75 to $7.05. Uniswap Experiences Massive Growth Beyond financial gains, Uniswap has...

CryptoQuant’s recent analysis points to an interesting trend in the crypto market, specifically the overheating of the Korean premium. The high values of the Korean premium are interpreted by the on-chain intelligence firm as a potential indicator of strong buying pressure from Korean retail investors. While a high Korean premium might be interpreted as a sign of bullish sentiment, this index is also frequently used to identify potential price tops. Overheated Korean Bitcoin...

Ethereum’s recent surge in momentum encountered a significant obstacle upon reaching a pivotal resistance area, encompassing the upper boundary of a multi-month wedge and the static resistance at $2.4K. Despite this, the emergence of a head and shoulders pattern suggests an impending retracement towards the $2K support zone. By Shayan The Daily Chart Ethereum witnessed a robust uptrend, achieving an annual peak of $2.4K, underscoring the prevailing influence of buyers in the...

TL;DR SHIB’s Recent Performance: Shiba Inu (SHIB) has seen a gradual increase in its price over the past two months, with some analysts predicting a potential rally for the memecoin in the future. Influence of a Bitcoin ETF on SHIB: There is speculation that the launch of a spot Bitcoin ETF in the USA could positively impact SHIB and other cryptocurrencies, as it might attract significant investment into the market. Other Factors Affecting SHIB’s Value: The article also...

The extended wait for repayment has been a source of frustration for Mt. Gox creditors, and the delay has led to speculation about its potential impact on the crypto market. After a decade of uncertainty and numerous delays, creditors of the now-defunct crypto exchange Mt. Gox are finally starting to receive compensation for their blocked Bitcoin deposits. The process, initiated by the trustee overseeing Mt. Gox’s estate has kicked off with repayments sent in Japanese Yen through PayPal,...

Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore.  As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block reported on Tuesday. Despite the many challenges faced in other jurisdictions around the world, there has been notable progress in the regulatory environment for the digital asset industry...

ADA price is attempting a fresh increase above the $0.600 zone against the US Dollar. The price is now trading above $0.600 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $0.5980 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.6200 and $0.6350 levels. Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain...

Ethereum price started a downside correction from the $2,350 resistance against the US Dollar. ETH price is now trading above $2,260 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support at $2,260 on the 4-hour chart (data feed from Coinbase). The pair could start a fresh increase if it clears the $2,300 resistance zone. Ethereum price is declining below $2,300 against the US Dollar. ETH/USD remains at a risk of more...

In 2023, digital assets experienced an exceptional year, witnessing a remarkable surge in Bitcoin prices by over 172%, with a correction of less than 20%. In addition to Bitcoin and Ether, capital inflows in stablecoins also remained positive. The market surpassed crucial technical and on-chain pricing models, and October emerged as a pivotal moment for institutional capital movement, according to Glassnode’s recent analysis. Stablecoins in 2023 Over the last two years, the...