Ethereum, the second largest cryptocurrency with a significant market value, has experienced rough seas recently. Over the past few days, Ethereum’s price has significantly dropped to around $2,800 on April 12, mirroring the market slump affecting the entire crypto sector. Despite the unpredictability, something intriguing has occurred: Large-scale Ethereum investors, known as “whales,” are making … Read more
Beyond serving as mere value repositories, the Bitcoin blockchain system is experiencing growing interest due to Decentralized Finance (DeFi) and Non-Fungible Token (NFT) transactions occurring within it. Notably, investment firm Franklin Templeton posits that the introduction of Runes, a fresh fungible token standard for Bitcoin, could significantly transform the ecosystem. According to Franklin, Runes could … Read more
Binance announced the introduction of three new US Dollar Coin (USDC) margined perpetual contracts for traders: Arbitrum (ARB), Neo (NEO), and Filecoin (FIL). By using USDC as collateral, traders can gain leveraged access to these cryptocurrencies, with a maximum leverage of 75 times their initial investment. Gradual Launch Process and Leverage Information Beginning on April … Read more
The price of Bored Ape Yacht Club (BAYC) NFTs has reached a historic low, with the minimum price dropping to around 10.9 ETH ($34,000) on Monday. This is a significant decrease from the floor price in early August 2021, which was at 9.5 ETH. Since then, the price hasn’t been this low. BAYC: A Grace … Read more
Investors prepare for a bumpy journey with Bitcoin, the leading digital currency, as it sails through rough seas. Notably, information from Glassnode indicates that the Balance between Bitcoin’s Realized Profits and Losses has dropped below par. The ratio of Bitcoin’s current selling price to the price at which it was purchased is showing that investors … Read more
In four days, the highly anticipated fourth Bitcoin halving is set to occur around April 20, 2024. The Bitcoin market has recently experienced significant downward pressure from sellers. During an interview with Bloomberg, Kris Marszalek, CEO of Crypto.com, indicated that this selling pressure could persist up until the halving takes place. On Mondays trading session, … Read more
David Lawant, the Research Head at FalconX – a company providing trading, financing, and custody services for major financial institutions in the digital asset sector – recently shared his insights on X (previously known as Twitter), discussing how Bitcoin halvings may impact market trends. Contrary to popular belief that halvings cause substantial price changes, Lawant’s … Read more
Dogecoin has a tough time advancing past the $0.180 barrier against the US Dollar, causing it to falter. In order for Dogecoin to begin climbing again, it is crucial that its price stays above the $0.1450 support level. DOGE started a fresh decline below the $0.1750 zone against the US dollar. The price is trading … Read more
Prominent cryptocurrency analyst Crypto Rover has issued a warning, causing unease in the Bitcoin market. He predicts a possible liquidation event, which may lead to losses for those holding short positions. According to Rover’s analysis, Bitcoin is currently in a period of consolidation. If Bitcoin’s price were to rebound and reach a certain level, around … Read more
The price of Ethereum may encounter several obstacles around the $3,200 mark. If Ethereum fails to surpass $3,200 and $3,280, it might lead to a bearish trend. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a … Read more