Markets

Unlike the previous few weekends, this one is turning out to be more positive for bitcoin, which spiked to over $27,000 earlier today. The altcoins also trade in the green today. SOL is among the most notable gainers, with a 5% surge that helped it reclaim $20. BTC Above $27K Last week didn’t go all that well for the primary cryptocurrency, especially after the latest rejection at $27,500 recorded on Tuesday. The bears took complete control of the market in the following few...

Over the past few weeks, Bitcoin’s price has been consolidating within a narrow range after breaking below the 50-day moving average. The market is currently situated between two notable levels, leaving room for several potential scenarios to unfold. Technical Analysis By: Edris The Daily Chart: The price on the daily timeframe has yet to display a notable upward or downward movement. If a rally takes place in the upcoming weeks, the first resistance level to watch is the...

On-chain analyst and whale tracker Nova has spotted a profitable average trader that became a whale within five months. The said wallet 0x*************121F760e, who has “nailed” every trade since January, has a record of more than 10,000% realized profit. Nova noted that the whale’s success stemmed from good trading strategies, not luck, as they had properly managed every win and loss. From Average Trader to Whale According to Nova’s Twitter thread, the anonymous trader...

Cryptocurrency trading has soared in popularity throughout the past couple of years as the industry itself is venturing into the mainstream. The field saw an influx of both retail and institutional entities, which prompted a considerable increase in the total market capitalization. And while the past few months have been significantly slower in terms of growth and even saw the industry’s capitalization decline, the demand for highly-efficient and effective trading solutions...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Vetle Lunde – a senior analyst at K33 Research – stated in a recent interview that bitcoin, the world’s number one digital currency by market cap, is following the same patterns it did in 2019, and that the asset could wind up hitting $45K per unit either by the end of this month or next month. The Same Things...

Ether balance on the centralized crypto exchanges has reached a five-year low.  According to the latest data from Glassnode, there are currently 17.8 million ETH on exchanges – a level not seen since July 2016. This figure essentially represents less than 15% of the Ethereum network’s total token supply. To put things into perspective, the exchange balance was recorded to be around 26% during 2021’s bull market. ETH Stored on Centralized Exchanges. Source: GlassnodeSuch a...

After charting the latest multi-weekly low at under $26,000, bitcoin has performed better and even neared $27,000 earlier today. Most alternative coins have also charted minor gains on a daily scale. Render Token emerges as this week’s best performer from the top 100. BTC to Challenge $27K? Bitcoin tried its hand at taking down the resistance level at $27,500 a few times this past week but to no avail. The latest rejection came on Tuesday, and it turned out to be a rather...

The world of crypto is ever-changing, with the emergence of ChatGPT transforming the way traders conduct research and analysis. The analytical prowess of ChatGPT has allowed traders to gain insights into the future price trajectories of cryptos like Bitcoin and Ethereum – adding a valuable tool to their trading toolkit. But it’s not just about the big players. ChatGPT is also now being used to uncover hidden gems in the market – with meme coin Wall Street Memes (WSM)...

Cardano founder Charles Hoskinson believes the project’s decentralization would act as a “wake-up” call for the industry. In a recent update to the community, Hoskinson said ADA is “substantially more decentralized” than all cryptocurrencies in the market. The exec stressed that the Cardano Improvement Proposal (CIP-1694) – which is a mechanism for on-chain governance that will underpin the Voltaire phase of the network – will prove to be a game-changer in the...

The NFT tickets will be minted via the Ethereum scaling layer two blockchain Polygon (MATIC). The sixth race of the 22-round season for the Formula One (F1) Grand Prix held in Monaco over the weekend has attracted the attention of crypto enthusiasts. Furthermore, as a country within the European market, which recently passed the Markets in Crypto-Assets Act (MiCA) legislative standards, it is bound to attract significantly higher crypto enthusiasts during the F1 event. As a result,...