In light of increasing inflation fears and reduced predictions for Federal Reserve interest rate reductions in the US economy, Bitcoin‘s market remains robust, as indicated by Reflexivity Research’s comprehensive analysis. While analysts at Bank of America anticipate a 4.8% US CPI inflation rate by November 2024 elections, these conditions appear less promising for easier monetary … Read more
In the unpredictable world of cryptocurrency, Shiba Inu, the well-known meme coin, has drawn investors’ interest once more due to a significant price increase. However, it suffered a 4% decrease in value over the past day. The peak price for this memecoin reached $0.00002296 following a brief decline to $0.00002092 the day prior. Open Interest … Read more
The price of Chainlink’s LINK token dipped back down to the $12.00 support level. If it recovers, it may face resistance at $13.50 and $15.00. Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar. The price is trading below the $14.20 level and the 100 simple moving average (4 hours). … Read more
Ethereum‘s price is currently holding steady around the $3,000 mark. If Ethereum manages to surpass the resistance at $3,100 and $3,200, a significant rebound may ensue. Ethereum is struggling to recover above the $3,100 resistance zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a major bearish trend line … Read more
The price of Bitcoin is having difficulty rising above the barrier at $65,000. In order to prevent a significant drop, it’s crucial that Bitcoin maintains its position above the support level of $60,000. Bitcoin is still struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $63,000 and … Read more
Lately, Bitcoin‘s value has seen increased ups and downs, dipping under the notable figure of $60,000 momentarily – a level it last touched on March 5. The price reduction occurs right before this week’s much-awaited Halving event, scheduled for Friday. Historically, this occurrence has been considered beneficial for Bitcoin’s worth because of its influence on … Read more
Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs–Arbitrum developers–said they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet. Ethereum Layer-2s Are Popular, But There Is A Big Problem Over the … Read more
During the first three months of 2024, according to a recent study by QuickNode, decentralized finance (DeFi) and the burgeoning Web3 gaming segment took center stage in the crypto industry. These sectors surpassed the stablecoin sector in crucial performance indicators, suggesting that investors favored these areas and that the market leaned this way at the … Read more
XRP might experience a brief price decline based on its current market behavior, as it has recently bounced off a resistance point at $0.5. However, deciphering the intent behind recent large-scale transactions from XRP whales remains unclear. These transactions have been a combination of buy and sell orders, but the size of each transaction could … Read more
In Q1 2024, the growth of ApeCoin (APE), an ERC-20 token that manages the ApeCoin DAO, was quite impressive. The essential data indicated noticeable advancement during the past four quarters, leading to an increase in APE‘s market value, token price, and trading activity. This continuous progression underscores the company’s successive periods of expansion. ApeCoin Regains … Read more