Tag Archives: SHIBBTC

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears...

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...

Bitcoin has calmed once again over the $46,000 mark, while some altcoins have reduced its dominance over the market with impressive gains. Terra is among those as LUNA soared by almost 10% in a day and charted a new all-time high at close to $120. Terra’s Latest ATH Most altcoins experienced enhanced volatility a couple of days ago, went back on the offensive yesterday, and have stalled today. Ethereum, for example, dipped to $3,300 before it shot up to just over $3,500...

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...

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...

After 80% correction since reaching its ATH, positive news about Shiba is popping and might cause a trend reversal. However, the SHIB price is facing challenges from a technical standpoint on its way up. The Daily Chart Technical Analysis by Grizzly On the daily timeframe, Shiba Inu’s SHIB is trading inside a falling wedge, which is a textbook bullish reversal pattern. The wedge was tested its upper boundary several times over the past month. The price is currently struggling...

Non-fungible tokens continue to make headlines, but it seems that not all projects can maintain their previous valuations. One particularly hyped drop that took place last year – The Shiboshis – is down over 70% since all-time high. This is the official NFT project of the Shiba Inu team – one of the most popular memecoins. CryptoPotato reported earlier in 2021 on the Shiboshis: a collection of 10,000 non-fungible tokens depicting ‘lovable creatures.’ The sale took place in...

After dipping to $40,000 yesterday, bitcoin went on the offensive and tapped $42,000 to mark a near 10-day high. The altcoins have also turned green today, with Ethereum eyeing $3,000 and Avalanche soaring by over 9%. Bitcoin Sees a 9-Day High The primary cryptocurrency experienced enhanced volatility last week when it suddenly pumped by $3,000 in minutes from $39,000 to nearly $42,000. However, the situation reversed shortly after, and the asset retraced just as quickly to...

The adverse price developments in the crypto market continued, with bitcoin dropping below $40,000. Most altcoins are deep in the red as well, with Terra losing 7% and BNB dropping to $380. Bitcoin Lost $6K in 3 Days The ongoing war between Russia and Ukraine harmed all financial markets upon its start, but bitcoin managed to recover all losses immediately when the West refused to get directly involved. It kept climbing, reclaimed $40,000, and even soared to a three-week high...

Key Support level: $0.000023 Key Resistance levels: $0.000028 SHIB fell below the critical level at $0.000028, which has now turned into resistance. The next support is found at $0.000023. The current downtrend in price is unlikely to stop until SHIB reaches the key support. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains low and gives no indication of recovery. Sellers have dominated the chart so far. RSI: The daily RSI fell under 50 points and is...