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Biggest Movers: DOGE, XRP Fall to Multi-Week Lows, as Bearish Sentiment Intensifies
16.8.2023
Dogecoin dropped to a one-month low on Wednesday, as a red wave swept through cryptocurrency markets. Bearish sentiment remained high as the session progressed, with the global market cap falling by nearly 2% today. XRP also plunged in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) fell...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 1-Week Lows Ahead of FOMC Minutes
16.8.2023
Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed’s reasoning behind its last rate hike, whilst also giving guidance on its future decisions. Ethereum dropped...
Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap
15.8.2023
The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said...
Is Bitcoin’s record-low volatility and decline in short-term holders a bull market signal?
15.8.2023
Traders believe that Bitcoin’s low volatility is a bull market signal, but their bias could be preventing them from acknowledging potentially negative macro outcomes
LBank Revives IEO: A Look at the IEO Powerhouse LBank and its Historical Yields
15.8.2023
As the cryptocurrency market has witnessed a decline for over a year, many investors have chosen to liquidate their assets or move to alternative markets. However, 2023 has painted a different picture, positioning cryptocurrency as one of the best-performing investments. According to CoinMarketCap...
A Tumultuous August: Peaks and Valleys in Bitcoin’s Ordinal Inscription Saga
14.8.2023
Statistics reveal a continued trend in the number of Ordinal inscriptions, which recently eclipsed the 23 million mark. The month of August, however, has experienced two notable dips, each registering fewer than 100,000 inscriptions per day. These low points in August occurred specifically...
Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued
11.8.2023
The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the acting governor of the Central Bank of Nigeria, insists that the naira is currently undervalued. The International Monetary Fund (IMF) has said...
Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?
11.8.2023
BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets
Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?
11.8.2023
BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets
Hydro Expansion: Bitfarms Begins 50 MW Bitcoin Mining Farm Buildout in Paraguay
7.8.2023
Bitfarms Ltd. has started development on a new 50-megawatt (MW) Bitcoin mining facility in Paraguay, the company announced on August 7, 2023. The farm will be located in Paso Pe near Bitfarms’ existing mining operations in Villarrica and is expected to be fully operational in the first...
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...
SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low
6.8.2023
Bitcoin remains stuck in a tight range, but select altcoins such as SHIB, UNI, OKB and HBAR are attracting buyers
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines on Saturday, as Markets React to Latest NFP Report
5.8.2023
Bitcoin started the weekend trading below the $29,000 level, as markets continued to react to the latest U.S. nonfarm payrolls (NFP) report. 187,000 jobs were added to the economy in July, less than the 200,000 markets had expected. Ethereum neared a multi-week low. Bitcoin Bitcoin (BTC) dropped...
Bitcoin’s Rollercoaster Year: A 29% Gain From August 2022 to 2023 Despite Recent Dips
4.8.2023
Over the past 30 days, bitcoin has dipped by 5%, yet the leading cryptocurrency has seen a gain of 29.05% from August 3, 2022 to August 3, 2023. Moreover, BTC’s value in 2023 alone has surged more than 75% against the U.S. dollar, standing at $5,800 above the crypto asset’s mean...
Biggest Movers: XRP, DOGE Bear Run Continues, Sending Prices to Multi-Week Lows
3.8.2023
XRP was one of Thursday’s notable movers, as the token dropped to a multi-week low in today’s session. The decline comes as the global market cap fell by as much as 2% over the course of the day. Dogecoin also declined, falling for a third consecutive session. XRP XRP, formerly...
Crypto Trader That Made & Lost $1 Million In $BALD Scam Buys New Low Cap Meme Coin On Base
2.8.2023
A crypto trader that made and then lost more than $1 million on $BALD, a meme coin that exploded to a market cap of $100 million over the weekend before crashing in price due to an apparent rug pull scam is touting a new low cap meme coin on Base called Toshi ($TOSHI).
Base is Coinbase’s Ethereum...
Biggest Movers: MATIC Bounces From 4-Week Low, After Collision With Key Support Point
2.8.2023
Polygon rebounded from a four-week low on Wednesday, as bulls rejected a breakout below a key support point. The wider market cap was mostly higher in today’s session, led by the optimism surrounding Microstrategy’s latest bitcoin investment. Chainlink also jumped higher after recent losses....
Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures
2.8.2023
In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came after the Bank of Japan opted to keep its extremely...
Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement
1.8.2023
Three key Bitcoin price indicators explain why BTC price continues to fall toward new lows
Biggest Movers: SOL, XLM 5% Lower, as Bearish Streak Extends
1.8.2023
Solana dropped for a third consecutive session on Tuesday, as the token started the month of August nearly 5% lower. Overall, the global market cap was mostly in the red, dropping by 1.44% as of writing. Stellar fell to a one-week low, following a four-day losing streak of its own. Solana (SOL)...