Bitcoin is back on the green side across the board with important gains on lower timeframes. The benchmark crypto managed to push away from the high area around $30,000, taking off deep into the $40,000 territory. Related Reading | Is The Bitcoin Bottom In? Here’s What SOPR Data Says As of press time, Bitcoin trades…
Leading altcoins like Shiba Inu saw decent gains as the global crypto market value rose past $1.71 trillion on the strength of Bitcoin’s climb above $42,000. Meme coins, on the other hand, still had the hearts of the crypto audiences, with Shiba Inu recording the largest market gains and Dogecoin, the top dog coin, remaining…
Cryptocurrencies are seeing a significant recovery as investors take advantage of the recent stock market rally and increased risk appetite. Bitcoin hits its highest in two weeks, extending gains from earlier this week that had seen it climb to $41,938 per coin on Saturday morning (Jan 24th). Related Reading | Bitcoin mimics stocks rally, hits…
A few days ago, Dave Portnoy returned to Bitcoin with an almost $1.1M buy of 29.5 BTC. Today, he thinks “you are an idiot if it’s not part of your portfolio.” The Barstool Sports owner and main personality might have a point, but the whole situation is still funny. Especially, considering everything Portnoy has said…
Bitcoin price is now above $40,000, up more than 20% from the lows set in late January. Despite the recovery, common sentiment across the crypto community, analysts, and more is that the bottom is nowhere near in. Meanwhile, BTCUSD has began its recent bounce from a seven year secular bull trend line. Could that fact…
Bitcoin continues to display bullish price momentum as it has managed to reclaim the lows around $40,000. The benchmark crypto has been slowly recovering after a violent downside move which shocked traders and market participants. Related Reading | TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K As of press time, Bitcoin…
The Solana price has been on an upswing ever since the bloodbath that followed DeFi’s largest hack of 2022. The Wormhole network stated that stolen money had been restored, giving Solana price some much-needed relief. Related Reading | Solana price recovers from downtrend after $325 million restored on Wormhole network After hours of being lost…
Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs. decreasing supply,” and new data shed some light…
A quant explains why the current high Bitcoin leverage ratio values may mean that more price drop could be coming soon. Current Bitcoin Leverage Ratio Is At High Values As explained by an analyst in a CryptoQuant post, the current BTC leverage ratio has high values, and if past pattern is anything to go by,…
Bitcoin stayed above the $36,000 support zone against the US Dollar. BTC is now rising, but it could face hurdles near $37,800 and $38,000. Bitcoin started a decent recovery wave from the $36,400 zone. The price is still trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line…