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Biggest Movers: BCH Hits Fresh Multi-Month High, Whilst MATIC Extends Declines
21.2.2023
Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Tuesday, Following 8-Month High
21.2.2023
Bitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted following a move to a multi-month high. Prices surged to their highest point since last August earlier in the day, prior to a red wave sweeping through the market. Ethereum has also dropped, falling below...
Biggest Movers: SOL 11% Higher, BCH Hits Strongest Point Since July
20.2.2023
Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July....
Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art
20.2.2023
With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there are now numerous collections as creators and artists have found a new way to monetize their artworks via blockchain technology. In the past month, people have launched collections such as Ordinal Punks, Ordinal Penguins...
Biggest Movers: DOT Remains Near Multi-Month High, as LINK Hits 9-Day High
18.2.2023
Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high. Polkadot (DOT) Polkadot (DOT)...
Biggest Movers: MATIC Rallies, Hitting Fresh 10-Month High
17.2.2023
Polygon has extended recent gains, with prices climbing to a fresh ten-month high during Friday’s session. The token has now risen for a fourth consecutive session, and is up 13% from the same time last week. Polkadot also rallied on Friday, colliding with a key resistance level in the process....
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
17.2.2023
Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing out] building up, it wouldn’t surprise...
Bitcoin Shorts Get Obliterated as BTC Price Briefly Spikes Past $25K, Hits Eight Month High
17.2.2023
Bitcoin short-sellers have taken a battering in the past two days. That’s according to data presented by crypto derivative analytics website coinglass.com, which shows liquidations in short Bitcoin future positions worth around $100 million across major exchanges over the past two sessions, during...
Biggest Movers: MATIC Hits 10-Month High as AVAX Extends Recent Gains
16.2.2023
Polygon rallied to a ten-month high on Thursday, as the token rose for a third straight session. Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing. Avalanche also surged, hitting a one-week high. Polygon (MATIC) Polygon (MATIC)...
First Mover Asia: Bitcoin Rockets Past $24.7K to Hit 6-Month High
16.2.2023
ALSO: Shaurya Malwa considers a 24-hour surge in trading volume for BLUR, the token of the NFT marketplace BLUR, following the platform's airdrop. Bitcoin rockets past $24.7K
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report
15.2.2023
Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report. The consumer price index rose 0.5% in January, following a gain of 0.1% the month prior. Overall, the annual rate of inflation came in at 6.4%, which, although lower than December’s...
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $22,000 Ahead of US Inflation Report
14.2.2023
Bitcoin rebounded in Tuesday’s session, as markets prepared for this afternoon’s U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500....
OFAC-compliant blocks on Ethereum hits three-month low of 47%
14.2.2023
The fall to 47% comes nearly three months after the percentage of OFAC-compliant blocks reached its peak at 79% on Nov. 21
Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500
13.2.2023
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices...
Nexo shutters US Earn product a month after settling with regulators
13.2.2023
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators
Bitcoin Network Experiences Slight Dip in Difficulty After Record High
12.2.2023
Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month....
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500 Level to Start the Weekend
11.2.2023
Ethereum neared a breakout below $1,500 to start the weekend, pushing prices closer to a one-month low. Overall sentiment remained mostly bearish, with the global cryptocurrency market cap trading 0.96% lower, as of writing. Bitcoin also edged lower, with prices remaining below $22,000. Bitcoin...
Bitcoin Price Outlook for February
10.2.2023
February has been a rollercoaster ride for cryptocurrency traders, with market volatility leading to high levels of price uncertainty. Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run. However, with just over two weeks left of this short...
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...
Biggest Movers: LINK Moves to 3-Month Peak, as DOGE Drops to 10-Day Low
9.2.2023
Chainlink rallied to a three-month high during Thursday’s session, despite a red wave sweeping through cryptocurrency markets. Today’s surge came as the token broke out of a key resistance level. Dogecoin, on the other hand, was victim to today’s market sell-off, falling to a ten-day low in...