Reading Time: 2 minutes Bitcoin has dropped through a crucial support level at $18,700 The U.S. Dollar Index is going the opposite way, soaring to fresh highs This is a recipe for disaster for the crypto market...
Reading Time: < 1 minute Ethereum’s merge has failed to inspire buyers, with the price falling through crucial support Since hitting $2,000 in August, Ethereum has reversed 35% Fundamental news typically has no impact in a...
On the weekly time frame chart of the technical Bitcoin chart, a double bottom pattern has formed. The bitcoin market is prone to shocks, and last week was no exception. So, the biggest cryptocurrency of all was in a bearish mood and appeared to be a few days away from making a new lower low. A strong price gain,...
The basic idea behind shorting Bitcoin, or any other traded asset, is simple. In the growing cryptocurrency market, so shorting is a common investment strategy in traditional markets. This allows traders to speculate on declining values. The most widely used digital asset, Bitcoin (BTC), is also the most commonly shorted cryptocurrency....
Reading Time: 2 minutes Bitcoin is approaching a 10-month downtrend, similar to 2018 A 50% capitulation took place at this point in the last bear market The U.S. Dollar Index is also in an intriguing position having hit a...
The ethereum merge will take place on September 15 and the entire crypto ecosystem is eagerly awaiting this moment. Many say that this event will set a before and after in the whole sector, while some only in Ethereum. As a result, CoinGecko has analyzed which countries where there is more interested in the ETH Merge. Read to the end of the article...
Robinhood made a statement announcing the addition of support for MATIC deposits and withdrawals on the Polygon network. Customers will now be able to send and receive MATIC via the Polygon blockchain. The collaboration between Polygon and Robinhood would make MATIC accessible to investors who use the...
Reading Time: 2 minutes Bitcoin remains stuck under the 200-week Moving Average This key trend indicator shows that what in a bull run is support, is now resistance in a bear market Until Bitcoin can flip this into support, the bear market will continue...
Launchpads are gradually establishing themselves as the core element of the Decentralized Finance ecosystem. They are providing access to a pool of investors looking for the next big thing to small and large cryptocurrency initiatives. Investors that have access to early-stage ventures benefit from a great deal before the market opens to the general public. Furthermore, due to the low cost of launching...
Reading Time: 2 minutes Bitcoin has approached crucial support at $19,000 overnight All of July’s gains have been erased in August The U.S. dollar rally continues to squeeze assets and doesn’t look like stopping soon...
Reading Time: 2 minutes A Bitcoin bottom may be close according to a key indicator The Bitcoin Cloud Indicator suggests that the worst may be over following a 50% crash since May The current price pattern is mirroring 2018-2019...
The optimism protocol has expanded significantly during the previous few weeks. Despite bearish challenges, it has been further boosted by the overall evaluation of Layer 2s in 2022. On rumors and speculation of a major hack, the Optimism(OP) flash price drops by 10%. Following a team statement that it had not been hacked for $450 million, the layer 2 system's token dropped 10%...
The fall began during overnight trading and coincided with unusually high German inflation statistics. Comparable to U.S. PPI data are the German PPI figures. In contrast, the July PPI number for the US was 9.8%. Following a local bottom out at around $17,500 in June, bitcoin has increased by over 45% . The rise in market views that inflation has peaked and that...
Reading Time: 2 minutes The Wall Street Cheat Sheet is a great guide for tracking typical market sentiment The chart tracks the emotions people typically go through during an asset market cycle Where does crypto sit nine months after the $69,000 top? The Wall...
Reading Time: 2 minutes The crypto market is hovering around $1 trillion in valuation following Friday’s crash A slight recovery over the weekend hasn’t bred much faith Bitcoin needs to retake $23,000 for bulls to have much hope The crypto market is stuck under...
The term "sideways market" refers to price movement where the price varies within a tight range over an extended length of time without trending in one direction or the other. Along with these names, sideways markets are sometimes known as range-bound, ranging, non-trending, trendless, or choppy markets. Everybody discusses the upward and downward trends that are indicated by the bull market and bear...
The first fully convertible staking derivative, bKAVA, will be made available with the September 8 release of Kava 11, which is forthcoming. One Might Want to "Buy The Rumor, Sell the News" for Short-Term Crypto Plays. KAVA is a safe, scalable Layer 1 network and ecosystem built with the Cosmos SDK. Kava Network announced on...
Over 200% of growth has actually taken place month for Ethereum Classic (ETC) and its owners. ETC's price increase can be attributed to ETH's rise because there is a statistically significant positive correlation between ETC and ETH. Miners are supporting Ethereum Classic in preparation of the upcoming chain- merge of...
Fibonacci extension levels are quite helpful in understanding market reversals and potential resistances. Simply put, Fibonacci extension levels are the critical points from which the price of a specific stock, currency pair, or commodity may change. Fibonacci extension levels help traders in locating and validating key regions of...
Reading Time: 2 minutes The U.S. Dollar Index has been showing strength in the last few days, while the crypto market has stagnated The DXY has jumped following better than expected inflation data, while the crypto market has hit a wall Could the bear market rally be...
News