Markets

Following an impulsive rally, Bitcoin lost its bullish momentum upon reaching the $70K threshold, indicating the presence of sellers in the market. Nevertheless, considering that the price is hovering above the crucial 100-day MA, the continuation of the consolidation stage seems possible in the short term before initiating the next move. Technical Analysis By Shayan The Daily Chart A detailed analysis of Bitcoin’s daily chart reveals that after decisively breaking above the...

Ethereum’s price is currently trapped inside a significant tight range, bounded by the 100-day moving average of $3364 and the 200-day moving average of $3212. A breakout from this range will determine its upcoming trajectory. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that following a rejection near the crucial $3.5K resistance region, the price has plummeted to a substantial support zone. This critical support includes the 200-day...

TL;DR Shiba Inu’s price dipped by 3% daily, but the increase of some important indicators part of the ecosystem suggest a potential rally. Some analysts predict a bullish future for the meme coin based on technical indicators like the RSI, while others foresee a bearish outcome. The Indicators’ Explosion The cryptocurrency market plunged substantially in the last 24 hours following the news that the US government moved $2 billion worth of its bitcoin (BTC) holdings to...

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Savvy and novice crypto investors have searched for potentially profitable tokens before the next rally. While BlockDAG (BDAG) and DTX Exchange (DTX) had initially made airwaves in the crypto market, they are quickly losing investors to RCO Finance (RCOF), an upcoming DeFi token.  Why are BlockDAG (BDAG) and DTX Exchange (DTX) investors flocking to RCO Finance? Continue reading to find out! BlockDAG (BDAG) Presale Slows Down As Investors Seek Alternatives BlockDAG is a budding Layer...

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Johnny Ng, a leading Hong Kong legislator, has made waves in the crypto market by suggesting that Bitcoin should be included in the city state’s financial reserves. He also claims that Hong Kong must speed up the development of its Web3 ecosystem, or it will fall behind. This is no surprise, considering how much more popular cryptos are becoming. For instance, the DTX Exchange (DTX) presale, which is now in Stage 2, has raised over $1.1M and may reach $2M before August 2024 ends....

The debut of spot Ethereum ETFs in the United States resulted in some of the highest inflows since December 2020 over the last week. According to CoinShares, the newly launched funds attracted $2.2 billion last week. Since then, the trading volume of Ethereum ETPs has also surged by 542%. However, the inflows have been hampered by Grayscale’s existing $1.5 billion Ethereum trust, which resulted in ETH experiencing a net outflow of $285 million for the week. This mirrors the...

On-chain analysts just caught the U.S. government moving around $2 billion worth of its massive BTC holdings, sparking market panic that it might be preparing for another sale. Meanwhile, Bitcoin’s price has steadily declined throughout the day, tapping $70,000 at 13:15pm UTC before crashing to $66,900 by 17:26 UTC. At 16:18 UTC, data from Arkham Intelligence showed that the government’s Bitcoin wallet had moved 29,799 BTC ($2.02 billion) to a new blockchain address. That $2...

Bitcoin neared its all-time high earlier today before it was rejected there. There are several factors at play that have supported the price surge of the flagship crypto asset. For one, bitcoin surpassed the average realized price for short-term investors after soaring well past $63,500, indicating renewed market strength. According to the latest findings by the on-chain analytic platform CryptoQuant, the market capitalizations of USDT and USDC have grown, which has...