Markets

Bitcoin attempted to reach $50,000 once more in the past 24 hours, but it was rejected, which drove it south hard. Most altcoins have stalled, which has enabled SOL to outplace Polkadot as the 8th largest cryptocurrency following another impressive surge and ATH. SOL’s Latest ATH Takes it to N8 Most alternative coins have performed rather similarly to bitcoin in the past few days. As such, they have remained relatively stagnant on a daily scale, despite the intraday...

Following a few days of price declines, bitcoin has bounced off and jumped to around $49,000. Most alternative coins have also reacted well to the recent slumps, with impressive increases now. ADA leads the pack with a 10% surge to above $2.8. Bitcoin Touched $49K As reported by CryptoPotato, the past few days didn’t go well for the primary cryptocurrency. It had failed to remain above $50,000 after it breached that level for the first time since mid-May and the bears had a...

Stablecoins remain the most traded assets in the crypto market. Fresh data from on-chain analytics firm CryptoQuant shows that nearly $2 billion worth of those tokens were recently moved into exchanges. According to Ki Young Ju, CEO of CryptoQuant, these massive deposits are actually a bullish sign for the industry. Ju noted that most crypto trading platforms usually fill the market to enable users to purchase different coins, including Bitcoin (BTC), Ethereum (ETH), and...

It was a compelling week in the cryptocurrency markets. It took bitcoin more than three months, but it finally did it this week – reaching the $50,000 price line for the first time since May. However, it also took less than 24 hours for the bears to get back in action and push it beneath that level. The primary cryptocurrency spent the next few days sliding south and bottomed yesterday at just over $46k, but it found support amid the 200-day moving average line. Despite...

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The mysterious BTC whale, who was recently frequently sending lots of coins to Coinbase, has changed the strategy on the largest cryptocurrency. On-chain data shows that they have accumulated more than 500 bitcoins on Thursday and Friday. Bitcoin Whale Back to Buying CryptoPotato has previously reported some of this particular whale’s behavior – whose Bitcoin address ends with WKDfHQ – when it comes down to the BTC holdings. For instance, data showed that they had sold near...

Bitcoin continued to trade around the $47,000 line in the past 24 hours after it dropped to a weekly low beneath $46,400. Most altcoins have stalled since yesterday, except for Solana. SOL has gone on to chart another all-time high above $83 after a double-digit surge. SOL’s Latest ATH The alternative coins, similarly to their leader, lost significant chunks of value in the past few days. Ethereum, for example, went from about $3,360 to beneath $3,100. As of now, it has...

[PRESS RELEASE – Please Read Disclaimer] AAX Exchange is launching its flagship non-fungible tokens (NFTs) marketplace and featuring selective artists’ high-end works. As a prelude to this market place, AAX is giving its users an opportunity to auction their NFTs for a charity campaign, at the same time the chance to win themed NFTs after trading. The campaigns mark the first steps the exchange is taking in the NFT space in preparation for the launch of its NFT marketplace in...

Bitcoin cash price started a fresh decline from the $700 resistance against the US Dollar. The price is now trading below the $650 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $650 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate lower if it breaks the $600 and $580 support levels. Bitcoin cash price is moving lower below $625 against the US Dollar,...

After the embarrassing and heartbreaking debacle last week that occurred in Afghanistan following the heightened incompetence of Joe Biden, news is spreading of the growing presence bitcoin has in the country. Many banks and standard financial institutions have either been shut down or are not presently in working order, and thus several residents are seeking out the aid of BTC and digital assets as a means of surviving. Bitcoin’s Presence Is Growing in Afghanistan One...