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
With the Bitcoin (BTC) “Halving” drawing near, there’s growing excitement about its potential impact on the leading cryptocurrency. After a notable correction in the initial weeks of Q2, Bitcoin (BTC) is regaining strength, and certain analysts predict it could reach new records soon. Are The Odds In The Bulls Or Bears Favor? During the first … Read more
In the midst of ongoing problems for the network, the open interest in Solana decreased noticeably over the past week. This decrease mirrors the drop in the cryptocurrency’s value, implying that some investors might be losing patience and selling off their holdings due to uncertainty about a forthcoming resolution. Solana Open Interest Drops By $370 … Read more
The Financial Stability Institute (FSI) strongly recommends a unified regulatory framework for stablecoins globally, as differing regulations could jeopardize financial stability. In their April 9, 2024 report, the FSI underscores the importance of uniform regulation for the issuance and use of stablecoins across countries. Stablecoin Adoption The Bank for International Settlements and the Basel Committee … Read more