The price of Bitcoin experienced significant changes, reaching an peak of $72,500 on Monday only to drop below $70,000 the next day. This volatility is primarily due to investor anxiety leading up to the release of the most recent US Consumer Price Index (CPI) data. After hitting a low of $68,200 on Tuesday, Bitcoin rebounded … Read more
XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term. XRP is slowly moving lower from the $0.6420 resistance zone. The price is now trading below $0.6120 and the 100 simple moving average (4 hours). There is a key … Read more
Ethereum‘s price was unable to advance past the $3,725 mark, causing it to retreat and now hover around the $3,475 support level. Ethereum failed to climb higher above the $3,725 resistance level. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with … Read more
Bitcoin price failed to settle above the $72,000 resistance. BTC corrected gains and now moving lower toward the $67,500 support zone. Bitcoin struggled to clear the $72,000 and $72,500 resistance levels. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with … Read more
The data indicates that Bitcoin is approaching two significant on-chart price thresholds at present. Let’s take a look back at what transpired when Bitcoin surpassed these levels in the past. Bitcoin Is Approaching Vaulted Price & MVRV +1SD Currently In their latest update on X, Glassnode’s on-chain expert Checkmate highlights that Bitcoin (BTC) has approached … Read more
Bitcoins anticipated halving event, a significant moment in the cryptocurrency world, has got everyone in the crypto community on edge. Renowned crypto expert Willy Woo, however, has added fuel to the excitement with his optimistic forecast, which leaves Bitcoin supporters feeling bullish. Specifically, Bitcoin’s price could experience significant upward momentum after the Halving event, with … Read more
Lately, Bitcoin‘s (BTC) price has seen significant ups and downs, making it hard for the cryptocurrency to stay above the $70,000 threshold. This instability has led some investors to wonder if Bitcoin‘s current price surge can last. According to market analyst Charles Edwards, who is a co-founder of Capriole Invest, the Decentralized Finance (DeFi) project … Read more
During the current market downturn, Bitcoin supporters have been encouraged by crypto influencer and YouTube personality Jeremy DaVinci. The technical assessment put forth by DaVinci focuses on the Bollinger Bands indicator, implying a possible surge in Bitcoin‘s price trend. Where Are We Headed To? Based on DaVinci’s analysis, Bitcoin has stayed above its upper Bollinger … Read more
A prominent Venture Capital (VC) firm called Paradigm is spearheading a significant investment of $225 million for a new Layer 1 (L1) network’s development. This network aspires to challenge Ethereum (ETH) blockchain in the market. Notable investors besides Paradigm include Electric Capital and Greenoaks. Based on a recent article in Fortune Magazine, Monad Labs intends … Read more
The price of Shiba Inu (SHIB) might bounce back as signs of recovery emerge in key on-chain indicators. Notably, there’s been an uptick in the rate at which SHIB tokens are being destroyed, as evidenced by a persistent rise in the number of tokens burned recently. Shiba Inu Demand Looks To Be On The Rise … Read more