Markets

Following a steady weekend, Bitcoin maintains the $42K range. Considering the options market strike prices and the technical analysis, bitcoin is expected to fluctuate in the $40K – $47K range in the next short term. Onchain data shows that long-time holders recently slowed down their selling pressure, and it seems that BTC is under consolidation. Options Market Analysis Since last month, the bitcoin price has been consolidating in the $40-42K range. Looking at the options...

Bitcoin and cryptocurrencies are one step closer to mainstream adoption as NCR Corporation, a leading manufacturer of automated teller machines (ATMs), has enabled customers to buy and sell crypto assets on its more than 750k ATMs and digital touchpoints across 140 countries. NCR Acquires Crypto Firm LibertyX The development comes after NCR announced the acquisition of ATM network company and cryptocurrency software provider LibertyX for an undisclosed amount. NCR initially...

Key Support levels: $1.2, $1.1 Key Resistance level: $1.5, $1.8 ADA surprised the market with a significant jump in price today which is fast approaching the key resistance at $1.5. The support at $1.2 did an excellent job in keeping the bullish momentum intact, and now ADA seems to be on a mission. Chart by TradingViewTechnical Indicators Trading Volume: The volume exploded today after a quiet Saturday, bringing confidence and significant momentum behind this bullish move....

According to a research handled by the large digital asset platform Huobi Group, nearly 7 in 10 crypto holders entered the market in 2021. Despite the rising interest in the asset class, approximately 25% of the participants believe “it’s all a scam/bubble,” which is going to collapse, the survey estimated. 7 in 10 Entered The Crypto Ecosystem Last Year Huobi’s poll consisted of more than 3,000 people. The company conducted it in mid-December 2021, while the results were...

CoinGecko’s 2021 report noted that DeFi managed to branch out from Ethereum onto other chains at a rapid pace. The NFT market, on the other hand, saw a meteoric rise thanks to the complementary areas of metaverse and GameFi. Drastic Fluctuations In DeFi Ecosystem According to the latest report by CoinGecko, the market cap across the decentralized finance protocols grew by 7.5x from $20 billion to $150 billion in 2021. Its dominance has more than doubled from 2.8% to an...

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. Bitcoin Touches $43K The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually. In just a few days, it added more than $4,000 of...

2022 was supposed to be the year in which bitcoin reached the six-figure mark. Many analysts believed that by the end of the year, $100,000 would be achievable for the world’s number one digital currency by market cap. However, given the recent bearish trends bitcoin has been following, a poll released by financial giant JPMorgan suggests that many people are changing their minds. JPMorgan Poll Shows Fewer and Fewer People Believing in the Power of BTC 2021 was arguably...

Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the top-performing cryptocurrency projects in the past 12 months. Its native token has increased its USD value by nearly 4,300% in one year and is...

Similar to the consolidation in May-July 2021, the market is forming a significant supply/demand level in the $40K-$42K range. Aside from the short-term price trend, the mentioned area will be a significant support (or resistance) for long-term price actions. Technical Analysis Many analysts believe the $40K-$42K zone resembles the $30K-$32K range in May-July. Since December 5th, the $40K-$42K zone acted as good support. But, considering the low demand in the spot market,...

For the first time in quite a bite, the past seven days have turned out to be positive for Bitcoin, although the overall cryptocurrency market is slightly down throughout the same period. Data from CoinGecko shows that the market capitalization is down some $40 billion. Starting with Bitcoin, its price was hovering around $41,000 this time last week and very soon after that increased to $42K only to drop towards $40K on Monday. Since then, however, the cryptocurrency has been...