Bitcoin has garnered attention, with outstanding net inflows of more than 10 billion dollars in the last month, highlighted by analyst Daan Crypto Trades. It has been characterized mainly by the inflow of spot Exchange-Traded Funds (ETFs) and large capital inflows by large companies. Michael Saylor, the founder and CEO of the company MicroStrategy, has […]
Market analysis
Bitcoin Momentum Buyers Drop as Profit Takers Increase: Glassnode
The latest Glassnode report points out that Bitcoin momentum is decreasing as profit takers are rising
Bitcoin Could Hit New Highs as the M2 Money Supply Decreased
Merlijn claims that Bitcoin’s price is connected to a reduction in M2 money supply, suggesting the digital asset could reach $128K
Cardano ADA price analysis: will the $0.70 resistance break or fall back?
Cardano (ADA) is experiencing a period of consolidation, currently trading at $0.6923, down 0.37% on the day. Despite this slight dip, ADA has gained 2.05% over the past week, with its 24-hour trading volume at $658.15 million, down 15.88%. The recent price action suggests that Cardano is at a crossroads, showing signs of exhaustion after […]
Trump’s False XRP Pump: The Truth Behind the $3 Mirage
XRP has recently broken below a key support zone of $2 to $2.20, suggesting further price decline. In the 1-day chart, the altcoin forms a “head and shoulders” pattern, which is typically a bearish reversal pattern that emerges after an uptrend and signals a potential shift to a downtrend. Based on the chart formations, market […]
Cardano’s Jekyll and Hyde: Strong Upswings, Sharp Downturns
Cardano’s native token ADA has displayed significant volatility compared to 18 other cryptocurrencies. This observation is based on the study of its one-year performance tracked via Bloomberg’s USD generic price index. The chart shows that ADA often exhibits strong upward momentum during bullish market phases, but struggles to hold onto the gains, frequently posting steeper […]
Record Liquidations Spur Bitcoin and Dogecoin to Drive Crypto Market Rebound
In the last 24 hours, the overall capitalization of the crypto markets increased by 3.3%, with some individuals suggesting that recent SEC filings could enhance the value proposition of Bitcoin in the eyes of investors. On Wednesday, the crypto markets experienced a slight upward movement, despite the regulatory concerns surrounding Binance and Coinbase, two of […]
Ethereum regains bullish stance after market crash, new ATH ahead?
Ethereum reached a new all-time high on Nov 10, at $4,859.50, and is currently 11% down from that price level. The market capitalization of the entire cryptocurrency market also rose by 4% today. Bitcoin also rose above the $55,000 price levels. As per data from CoinmarketCap, the trading volume dropped by more than 23.88% in […]
FC Barcelona cuts ties with NFT Marketplace Ownix
The popular football club, FC Barcelona, has canceled its deal with Ethereum-based top NFT marketplace Ownix. The deal was aimed to portray and honor 122 years of the football club and also, enhance the global exposure of the Club. The NFT collection would include trophies from 95 domestic and international victories of FC Barcelona. The […]
Terra [LUNA] Price Jumps on Trampoline as Bull Elevates Market Cap, Volume
The cryptocurrency market’s positive turn has riled up the ecosystem with several new investors entering the industry. Altcoins made steady progress on the charts at a time when Bitcoin was tearing through new avenues. One altcoin making a name for itself was Terra [LUNA], as its market cap and volume shot up on Wednesday. Luna […]