The price of Bitcoin rebounded and surpassed the $64,000 mark, but now encounters obstacles around $65,500 and $66,000. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance … Read more
In recent weeks, the value of Celestia (TIA), an exciting cryptocurrency in the modular blockchain sector, has seen significant ups and downs. It hit a high of almost $16, but then experienced a sharp decline, dropping to $7.5 based on information from CoinMarketCap. Despite facing adversity, the token has made a notable recovery, reaching $11.50 … Read more
Many investors are buying large amounts of Ethereum, possibly indicating a resurgence of optimistic attitudes towards this cryptocurrency. At present, Ethereum’s value hovers around $3,170, but its price has experienced fluctuations within the last week. In the midst of fluctuating prices, it has been observed through on-chain analysis that Ethereum investors have been accumulating more … Read more
In the days prior to the Bitcoin halving event, the cryptocurrency’s price experienced a significant drop, nearing the $60,000 level. Insights from on-chain analysis may provide an explanation for this unexpected price decrease amidst the hype surrounding the halving. Specifically, mining data shows that certain miners have been offloading their Bitcoins prior to the halving, … Read more
After the Bitcoin halving has taken place, there is growing excitement among market analysts and experts for a potential significant price increase in Bitcoin, as seen in previous market trends. Specifically, a well-known crypto analyst named X handle from ecoinometrics predicts that Bitcoin could reach at least six figures during this current bull market cycle. … Read more
The price of DOGE has had a hard time bouncing back to $0.2 after dropping below that mark in early April. Over the last couple of weeks, the meme coin has generally trended downwards, reaching a low of $1.4 at one point. Recently, there have been signs of change for Dogecoin investors as the meme … Read more
As Bitcoin enters the fourth anniversary of its halving cycle, there’s been an uptick in intense competition among users vying for halving blocks. Consequently, they’re prepared to pay significantly higher transaction fees to mine just one block. Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees This afternoon, the 840,000th block was appended to … Read more
Over the past few weeks, the price behavior of Cardano‘s native token, ADA, has caused quite a stir due to its volatile swings, leading to a 18.77% drop in value over the last month. This downward trend mirrors that of many cryptocurrencies, as they all grapple with the aftermath of Bitcoin‘s unexpected and significant price … Read more
Over the last few weeks, UNI, Uniswap’s native token, has faced challenges in its price movement. The crypto market’s overall condition may be partly responsible for this downturn. However, additional influences, including the SEC’s Wells Notice to Uniswap protocol, have also contributed to these lackluster price results. Despite a recent dip, UNI’s price is bouncing … Read more
The Decentralized Finance (DeFi) and derivatives trading platform called Injective Protocol, which runs on blockchain technology, is gaining significant interest right now. With its upcoming upgrade, Injective 3.0, the team plans to overhaul the token economics by incorporating deflationary features for INJ tokens. The update aims to solve the problem of excessive token supply, a … Read more