Markets

Bitcoin cash started a strong increase above the $210 and $220 levels against the US Dollar. The price is now trading above the $220 zone and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $228 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $245 and $250 to continue higher in the near term. Bitcoin cash price is climbing above $230 against the US Dollar, like Bitcoin....

Crypto trading platform Coinbase has received regulatory approval from the Bermuda Monetary Authority (BMA) to bring perpetual futures trading to retail customers outside of the United States. Following Thursday’s announcement, COIN shares popped 6.81% on the day. Perpetual Futures Comes to Retail In the company’s announcement on Thursday, Coinbase framed its offering as part of its “Go Broad, Go Deep” strategy – an effort to partner with global regulators who are working to...

Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in the Bitcoin (BTC) mining space that investors can take advantage of. The report went on to compare the gains that investors will see with exposure to only Bitcoin and a diversified...

Bitcoin’s price is currently testing a key area, and its reaction could determine the mid-term price action of the market. Therefore, it would be beneficial to analyze the possible scenarios thoroughly. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been testing the 50-day moving average, located around the $26,500 level, over the last few days. In the event of a bullish breakout, Bitcoin is likely to move towards the $27,500 resistance...

CZ confirmed that Binance did encourage CommEX to have a similar design and technical features to Binance. Changpeng Zhao (CZ) has denied claims that he may be the owner of CommEX, a company whose identity continues to raise suspicion. CZ issued the disclaimer on Thursday in line with the growing speculations around the ownership of the mysterious company. Recall that earlier this week, CZ announced that Binance was leaving Russia. In the announcement, he stated that the decision has to do...

EOS price started a downside correction from the $0.588 zone against the US Dollar. The price is now trading below $0.575 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.580 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.575 and $0.588 resistance levels. EOS price is declining below $0.575 against the US Dollar, like...

Litecoin started a downside correction from the $68.40 zone against the US Dollar. LTC price is now trading below $65 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $61.75 support. Litecoin price is correcting gains from $68.40 against the US Dollar, like Bitcoin. LTC...

According to the blockchain data platform Glassnode, the total number of Bitcoin addresses owning 1,000 BTC or more has plunged to its 2019 levels. The entity revealed that currently, there are just 1,997 addresses holding over $26.4 million worth of the primary cryptocurrency (calculated at current prices). 📉 #Bitcoin $BTC Number of Addresses Holding 1k+ Coins just reached a 4-year low of 1,997 View metric:https://t.co/cjV0krRVgK pic.twitter.com/rTK0gzZ90E — glassnode...

While the Bitcoin market remained relatively stable in the latter part of Q3 as discussions about spot ETFs subsided, the hash rate exhibited consistent growth throughout the quarter. It recently reached a fresh milestone, surging from 250 EH/s at the start of 2023 to more than 400 EH/s this month. Bitcoin mining difficulty is also showing no signs of stopping as it set a new all-time high of 57.11 T. While hash price conditions remain challenging, the new Coin Metrics report...

The popular cryptocurrency analyst, going by the X (Twitter) handle EGRAG CRYPTO, presented an XRP chart, according to which the asset could spike to a 5-year high of $2. In the lines below, we will outline the details of the analysis and summarize other predictions from different experts. ‘Brace Yourself for the $2 Range’ EGRAG CRYPTO’s chart depicts five “strategic and profound takeaways” that could help individuals better understand the XRP journey so far. They spoke about...