Markets

In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny in Nigeria Binance traders in Nigeria on Tuesday, Feb. 20, complained that they were unable to buy...

Solana price started a downside correction from the $118 zone against the US Dollar. The price is now trading below $112 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $110 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $103 and $100 support levels to start another increase. Solana price is trading above $100 against the US Dollar, like Bitcoin. SOL is...

Bitcoin price started a strong increase above the $50,000 zone against the US Dollar. The price is now trading above $50,500 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $51,400 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 $51,000 support zone. Bitcoin price is showing positive signs above $50,000 against the US Dollar. BTC might...

[unable to retrieve full-text content]CoinspeakerEthereum Nears $3K as Market Anticipates Spot ETF and Dencun Upgrade In addition to ETF anticipation, the crypto community eagerly awaits Ethereum's Dencun upgrade that is scheduled for March 13. Ethereum Nears $3K as Market Anticipates Spot ETF and Dencun Upgrade

ADA price is gaining pace above the $0.580 zone against the US Dollar. The price is now trading above $0.6120 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.6050 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.640 and $0.650 resistance levels. Cardano price is rising above $0.620 against the US Dollar, like Bitcoin. ADA price could rally further if there is a...

Ethereum price is moving higher above the $2,750 resistance against the US Dollar. ETH price is now trading above $2,750 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $2,880 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,750 support zone. Ethereum price is rising above the $2,800 level against the US Dollar. ETH/USD could rise further if it clears the...

An unidentified trader has successfully generated a profit of $176,000 from a modest initial investment of 0.049 ETH, valued at just $137 at the time. Per analysis by Lookonchain, the trader initially utilized 0.049 ETH to acquire 16 million SORA tokens. Trader Nets 1280x Return The trader then made a strategic move by selling 12.36 million SORA tokens for a significant return of 36.57 ETH, which amounted to $102,492 at the prevailing market rates. In addition, including the...

Ethereum has recently surged with notable momentum, signaling a bullish uptrend. This increase has seen the price reclaim a critical resistance level, reflecting strong buyer confidence and market participant optimism. By Shayan The Daily Chart A thorough analysis of Ethereum’s daily chart reveals a significant shift in market sentiment, characterized by an impulsive uptrend and heightened bullish momentum. Accordingly, the price has approached a crucial multi-year...

Bitcoin’s price has been rallying consistently over the last few weeks, breaking past several resistance levels. Yet, some worrying signs are starting to emerge. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has rallied toward the $52K resistance level after a rebound from $40K earlier in January. While the market is testing the $52K level, the Relative Strength Index is demonstrating a clear overbought signal. This could point to a...

TL;DR Binance will discontinue support for specific leveraged token pairs, converting any held by users into USDT. The move is part of the company’s ongoing effort to refine its product offerings. The world’s largest cryptocurrency exchange – Binance – announced it will cease support for the following leveraged token pairs: BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT, and BTCDOWN/USDT by April 3.  Trading and subscription options for the affected tokens...