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Biggest Movers: ADA Hits Fresh Record Low, BNB Down for Seventh Straight Day
17.12.2022
Cardano fell to a fresh all-time low on Saturday, as prices plunged by over 10% to start the weekend. The move saw the token drop for a third straight session, as a red wave swept through cryptocurrency markets. Binance coin also moved lower, dropping for a seventh consecutive day. Cardano (ADA)...
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,200 to Start the Weekend
17.12.2022
Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial...
Biggest Movers: ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend
16.12.2022
Cardano fell to an all-time low on Friday, as sentiment in crypto markets remained bearish in today’s session. The token fell for a third consecutive day, with prices moving below a key price floor in the process. Polygon also extended recent declines, hitting a multi-week low as a result....
Bitcoin, Ethereum Technical Analysis: BTC Below $17,000, as ETH Nears $1,200 Breakout
16.12.2022
Bitcoin fell below $17,000 on Dec. 16, as bearish pressure continued to intensify following yesterday’s disappointing U.S. retail sales figures. Sales in the United States were down by 0.6%, which news came less than 24 hours after the Federal Reserve moved to hike interest rates. Ethereum...
BNB hits the support of $250! Will it correct further?
16.12.2022
Binance has been at the forefront of blockchain and cryptocurrency transformation since its emergence in the top cryptocurrencies. Leaving aside the prospects and fundamentals of this crypto, we can find a growing crypto and payments market even without the leading players. As BNB is involved...
ADA price analysis: Cardano is continuing the downtrend
16.12.2022
Cardano is a strong competitor of Ethereum with more flexibility, sustainability, and scalability for running smart contracts for decentralized finance apps, gaming, tokens, and more. At the time of writing this post, ADA/USD is trading around $0.3, which broke the previous support level of $0.45...
Will Kusama (KSM) help to expand Polkadot?
16.12.2022
Kusama offers a public pre-production environment before releasing Polkadot projects on the network. It works as a sandbox for the developers and offers different facilities for testing before finalizing the design for Polkadot projects. KSM is a native coin of this network used to pay gas fees....
Bitcoin Santa Claus rally, unlikely according to on-chain and derivatives data
15.12.2022
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends
How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph
15.12.2022
Join us as we discuss the current state of the crypto market, particularly in terms of the current bear market and Bitcoin mining. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Drew Vosk
Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday
15.12.2022
Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since...
Bitcoin, Ethereum Technical Analysis: BTC Falls From 5-Week High as Traders Continue to Digest Fed Decision
15.12.2022
Bitcoin fell from a five-week high on Thursday, as markets continued to react to the latest Federal Reserve interest rate decision. The U.S. Fed moved to increase interest rates by 50 basis points as expected, whilst also laying the ground for a slower pace of hikes in coming months. Ethereum also...
Solana tumbles 50% over the last month: Will SOL regain $30?
15.12.2022
Solana is a fast, scalable dApps and trading platform which can process up to 60K transactions per second. At the time of writing this analysis, SOL/USD has plunged 50% from its support of $30 after the FTX liquidity crisis. Now, it is trading around $14.19, forming support in the lower Bollinger...
TRON is likely to regain its previous support of $0.06
15.12.2022
At the time of writing this technical analysis, TRON is trading around $0.055, which formed the yearly low of around $0.045 last month after breaking the previous support of $0.06. It is interesting to note the volatility between November 8-11. The daily chart observed much volatility that suggests...
Here is why Bitcoin price gave back all its intraday gains
14.12.2022
BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike
Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting
14.12.2022
Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL) Solana...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision
14.12.2022
Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today...
Avalanche (AVAX) attempts to breach the $14 upper band of its consolidation!
14.12.2022
Blockchains at the current time are being used for processing multiple different types of transactions. Processing all of them throughout the main blockchain can often lead to bottlenecks and lesser TPS. Avalanche handled such situations by creating three distinct chains, namely X-Chain,...
XRP regains the support of $0.4: Should you invest now?
14.12.2022
Ripple (XRP) is a digital asset built for global payments. At the time of writing this analysis, XRP/USD is trading around $0.39, which is a crucial level because, in the last year, it worked as a resistance and support for the short term. Between May-June, it was a support, and it broke the level...
Will Bitcoin (BTC) break out of the $17K mark?
14.12.2022
Bitcoin is a leading decentralized payment protocol with the highest market cap in the crypto industry. At the time of writing this post, BTC USD is trading below $18K, and it is one such cryptocurrency that has yet to regain the previous support after the fall of the FTX liquidity crisis in...
How to trade crypto using Wyckoff accumulation theory
14.12.2022
Not all Wyckoff accumulation setups lead to massive price rallies as far as the Bitcoin and cryptocurrency markets are concerned