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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...
Bitcoin Price Outlook for August
14.8.2023
Aside from last week’s move above $30,000, bitcoin has mostly consolidated below this level for the majority of August. Market volatility has eased, seemingly as a result of lower trading volumes due to the summer period. Despite this, history shows that bulls tend to return closer to...
Bitcoin, Ethereum Technical Analysis: BTC Bulls Continue to Target $30,000, Despite Slow Start to the Week
14.8.2023
Bitcoin started the week hovering slightly above the $29,300 region, however bulls continue to target a resistance level of $30,000. The cryptocurrency mostly consolidated this past weekend, with this sentiment still present on Monday. Ethereum fell marginally below its Sunday peak. Bitcoin Bitcoin...
First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail
14.8.2023
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable
Defi Market Rebounds: Value Locked Rises to Nearly $42 Billion, Token Market Swells
13.8.2023
On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting a 6.17% rise in just a day. Defi Resurgence:...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Saturday, as Markets Consolidate Following Recent Decline
12.8.2023
Bitcoin was back in the green to start the weekend, after bulls rejected a breakout below $29,000 during Friday’s session. The cryptocurrency continues to hover around a key support level, without either bulls or bears taking control. Ethereum was also marginally higher. Bitcoin Bitcoin...
Terra Luna Classic Price Prediction as LUNC Falls Below $500 Million Market Cap – Is It All Over?
11.8.2023
The price of Terra Luna Classic (LUNC) remains unchanged in the past 24 hours after witnessing a dip and a rebound this morning, with the altcoin now down by 1% in the past week and by 7% in the past month.
These movements mean that LUNC's market cap has dropped below $500 million and now stands...
3 reasons why Ethereum price is still pinned below $1,900
10.8.2023
PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal
Bitcoin faces 'endless spot selling' as BTC price dips below $28.7K
7.8.2023
BTC price strength fails to sustain $29,000 support as the week begins with fresh weakness for Bitcoin
Biggest Movers: BCH 5% Higher on Monday, XLM Avoids Drop Below Support
7.8.2023
Bitcoin Cash was one of Monday’s biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point....
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...
BTC dips below $30k; InQubeta presale shines bright, ETH price struggles to break $2k
4.8.2023
The volatility of the decentralized finance (DeFi) market is currently reflected in the value of two leading cryptos—Bitcoin (BTC) and Ethereum (ETH). Bitcoin’s value recently dipped below $30,000, while Ethereum’s price faces challenges surpassing $2,000. As a result of this decline...
Cardano Price Prediction as ADA Dips Below $0.30 – Here are Key Levels to Watch
4.8.2023
The price of Cardano (ADA) has dipped below $0.30 for the first time since June and early July, with its current price of $0.293809 marking a 0.2% decline in 24 hours and a 5% loss in the past week.
While ADA is also down by 6% in the past fortnight, the altcoin remains up by 19% since...
Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials
3.8.2023
Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota...
Bitcoin, Ethereum Technical Analysis: BTC Moves Back Below $29,000, as Bullish Sentiment Weakens
3.8.2023
Bitcoin was once again trading below the $29,000 level on Thursday, as bulls retreated following yesterday’s gains. The drop appeared to come as traders secured profits, following a failed breakout of a key price point. Ethereum also edged lower today. Bitcoin Bitcoin (BTC) dropped below...
XRP Price Prediction as $1 Billion Trading Volume Comes In – Will XRP Fall Below $0.60?
3.8.2023
The XRP price has dropped by 4.5% in the past 24 hours, falling to $0.663825 as the cryptocurrency market overall slides by 1% today.
XRP is now down by 7.5% in the last seven days, with today's drop witnessing a spike in trading volume beyond $1 billion as holders panic sell the altcoin, which...
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....
Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble
1.8.2023
As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions. Cascading Effect: Bitcoin’s Fall Under $29K Sparks $92 Million...
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000
1.8.2023
Bitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies. The U.S. dollar rose ahead of this afternoon’s manufacturing Purchasing Managers Index (PMI), which is expected to climb to a reading of 46.8. Ethereum...
Terra Luna Classic Price Prediction as LUNC Falls Below $0.00008 Level – Is It All Over?
1.8.2023
The Terra Luna Classic price has fallen below $0.00008 this morning after a 2% dip in the past 24 hours, with the altcoin also down by 3.5% in the last seven days and by 10% in the past fortnight.
Such declines should be concerning for LUNC holders, yet what's even more troubling is the fact that...