Markets

ADA price started a downside correction from the $0.650 zone against the US Dollar. The price is now trading above $0.50 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.540 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.584 and $0.600 resistance levels. Cardano’s price is consolidating above $0.500 against the US Dollar, like Bitcoin. ADA...

Ethereum price started a downside correction from the $2,400 resistance against the US Dollar. ETH price is now trading below $2,300 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $2,195 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $2,100 support zone. Ethereum price is declining below $2,300 against the US Dollar. ETH/USD remains at a risk of more...

With Bitcoin (BTC)’s next halving only five months away, investors are excited about whether the event can catalyze another epic bull market similar to years past. Mitchell Askew – Head Analyst for Blockware Solutions – is optimistic: not only does he predict more gains to come, but that the halving’s effect will retain its exponential strength in future cycles as well. Bitcoin Halving VS Price Askew’s theory bunks conventional wisdom stating that both Bitcoin (BTC) and the...

Venus Protocol, a prominent lending market on the BNB Chain, has denied allegations of a major security breach over the past weekend. These speculations initially suggested a $54 billion exploit, as blockchain security firm SlowMist reported. Venus Protocol Refutes Claims of Major Exploit Brad Harrison, the Head of Venus Labs, addressed these concerns on December 10 through a post on X. Some facts: Binance Oracle, which supports the asset of snBNB in the *isolated* pool...

Amidst a market-wide correction, Avalanche’s native token – AVAX – has emerged as an outlier, surging by almost 12% over the past day, pushing its yearly gains to 165%. The asset was currently trading at $35.63 – a level not seen since May 2022. AVAX has not only bucked the prevailing trend but also thwarted sell-off pressure following the recent token unlock event scheduled on November 24, during which approximately $213.35 million worth of AVAX was released into the...

Bitcoin’s price has been very bullish over the last couple of months. However, it is finally showing subtle signs of correction today. Therefore, it is worth analyzing the charts for potential support levels. Technical Analysis By TradingRage Bitcoin Price Analysis: The Daily Chart On the daily chart, the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10%...

Binance has announced a new project on its Launchpool called Fusionist (ACE), the native token for the Endurance blockchain. Major crypto exchange Binance has introduced a new project on the Binance Launchpool – Fusionist (ACE). According to an official announcement, the ACE token is the native token of decentralized social blockchain Endurance. The blockchain will house Fusionist, a web3 AAA game. Binance’s announcement specifies that the total token supply is 147 million ACE. The...

Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3% slipping under $70. SOL is trading nearly 10% down from its 2023 peak attained last week, however, it still maintains 13% gains on the weekly charts....

This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by the Fed on interest rates. Ever since the record increases in interest rates back in March 2022, market watchers have been even more on edge regarding...

Traders are on edge, eagerly watching the Federal Reserve meeting for clues about prospective interest rate changes. Amid eventful financial dynamics, US Treasury yields edged higher earlier today, while the crypto market, specifically Bitcoin (BTC), is experiencing a downturn with the coin’s price plummeting to $42,000. The simultaneous rise in Treasury yields and the drop in Bitcoin’s price prompts discussions about the relationship between traditional and crypto markets. Historically,...