Bitcoin is gaining bullish momentum above the $9,500 and $9,600 levels against the US Dollar. BTC is likely to continue higher towards $10,000 as long as it is above $9,500. Bitcoin is up over 3% and it surpassed the $9,650 resistance zone. It traded as high as $9,748 and settled well above the 100 simple…
The markets have favored the underdogs throughout the past week, with silver and Ethereum both outperforming their larger counterparts. Although there aren’t any noticeable connections between the two assets, their price action in recent times has been strikingly similar, and it does appear that ETH is forming a fractal pattern with the precious metal. If…
While all eyes may now be on Bitcoin and Ethereum, Cardano (ADA) has been one of the best performing digital assets over the past day. According to data from Coin Market Cap, the popular altcoin has surged over 11% in the past 24 hours, moving towards $0.14 once again. As of this article’s writing, the…
Bitcoin’s price action in the time following its break above its multi-week trading range between $9,100 and $9,300 has been quite positive. The cryptocurrency is now starting to stabilize around $9,600, and buyers are slowly pushing through the key resistance levels that have been suppressing its price action. Despite the current strength, there are still…
Following the parabolic rally that Chainlink saw just a couple of weeks ago, the cryptocurrency has been struggling to garner any significant momentum. Its price has remained stagnant, mostly trading below $8.00 as its buyers attempt to catalyze further buying pressure. Despite showing signs of near-term weakness, the cryptocurrency remains in firm bull territory over…
In a flash, Ampleforth, yet another DeFi project vying for its share of the booming market, just experienced a 700,000% pump on crypto platform FTX. Minutes later, the asset crashed right back down a full 99.99%, leaving some traders scratching their heads, and a lucky few wealthy. Ampleforth Makes Investors Rich in a 700,000% Flash…
Bitcoin’s recent price action has been rather lackluster compared to that seen in months and years past. For many weeks, the cryptocurrency was caught within a $200 trading range between $9,100 and $9,300. It has since broken out of this range and is flashing some signs of strength. The recent push higher that led it…
Ethereum is currently in the process of consolidating following its immense uptrend seen throughout the past couple of days. The cryptocurrency is showing some signs of strength as it trades within the $270 region. It is a strong possibility that the two assets will remain closely correlated in the days and weeks ahead, which means…
Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s rally against it. What does this mean for Bitcoin, and how will certain altcoins withstand…
In a recent blog post, the world’s largest cryptocurrency exchange by trading volume Binance revealed that it was going to list Maker on its retail trading platform. Since July 23, users are able to deposit and trade the DeFi Token in their respective accounts. MKR was listed against Bitcoin (BTC), Binance Coin (BNB), Binance USD…