Markets

Solana price started a fresh increase above the $100.00 level against the US Dollar. The price is now trading above $100.00 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $108 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $115 to continue higher in the near term. Solano price is gaining pace above $105 against the US Dollar, similar to bitcoin. SOL could extend gains if it...

Bitcoin price started a fresh increase from the $42,000 zone against the US Dollar. The price is now trading above $45,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $46,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $48,000 and then $48,200 to start another increase in the near term. Bitcoin price is eyeing an upside break above the $48,000 resistance against the US...

As crypto markets reignite this week, the infamous memecoin Shiba Inu is also seeing some newfound price action. However, a look at the token’s holder count wouldn’t exactly suggest a revival of consumer interest. According to data from CoinMarketCap, the number of on-chain addresses holding SHIB has declined by over 60,000 within the last two weeks. Specifically, there were 1,199,453 token holders on March 16th, as opposed to 1,135,593 as of March 28th. This downward trend...

UK’s progress in crypto innovation hangs in limbo due to a lack of clarity from the watchdogs. Many high-profile companies are now looking for crypto friendlier pastures elsewhere. If cryptocurrency-based firms wind down their operations, the UK might face a mass exodus as the FCA deadline for receiving approval nears. Regulatory Hurdles in the UK The cryptocurrency market is largely unregulated in the UK. However, companies associated with the industry are required to...

Recently, the crypto market has skyrocketed towards the bulls. And bitcoin’s price has taken a heroic leap. On March 27, Bitcoin (BTC) ’s price was $44,718, and on March 28, the price turned to $48,064. It soared over $3300 in one day. In other words, if you buy a bitcoin spot at a price of $44,718, your assets could grow by 7.5% in a day. However, in this great market, there are still some people in the market who earn more than 750% return within one day. How did they...

With Bitcoin finally breaking above the $45,000 resistance level that held it down for months, the market is finally reflecting overall optimism. The Crypto Fear & Greed Index has now reached 60 – the highest reported number since Bitcoin’s all-time high in November. Back in Bullish Territory The Crypto Fear and Greed Index is an overall measure of crypto market sentiment gauged by Alternative.me – a software connecting platform. Its basket of indicators includes...

Vitalik Buterin – known for his role in creating Ethereum, the largest altcoin on the market and arguably bitcoin’s biggest competitor – isn’t a huge fan of non-fungible tokens or NFTs, as they’re called for short. In a recent interview, he warned against NFTs and claimed they were “dystopian.” Vitalik Buterin Doesn’t Like How Big NFTs Have Become Ethereum is largely responsible for giving way to NFTs. These tokens require smart contracts, which up to one point, was...

It finally happened: After four failed attempts during the first months of 2022, Bitcoin managed to overcome the critical resistance line at $46K and the hope returned to the market. While the bears struggled to defend this area, the bulls were able to take control by liquidating more than $400 million of open positions. Most of the indicators are now in the bullish zone. Technical Analysis by Grizzly The Daily Chart On the daily timeframe, the ROC 30d indicator was able to...

Same as happened in early February, the bulls have taken control of the ETH-USD market. However, this time it may be different, as ETH overcame significant resistance and is also forming a higher high above $3300, which is technically one of the major signs for a downtrend reversal. The Daily Chart Technical Analysis by Grizzly On the daily timeframe, after ETH was able to cross the psychological resistance at $3K, everyone waited to breach the resistance at $3300 to form a...

Since traditional centralized systems have failed in offering people-centric services, decentralized finance is emerging as a better alternative. With its open, trustless, and permissionless approach, DeFi is becoming the go-to place for finance, and the total value locked in DeFi sits at over $250 billion. Alongside this significant development in the open financial system, there’s another rising trend: non-fungible tokens (NFTs). Given their unique characteristics, NFTs...