Bitcoin has continued to struggle recently as its price is still in the low $29,000 level. Here’s what on-chain data says about if a rebound is likely or not. What Does Bitcoin On-Chain Data Say About The Asset’s Near-Term Outlook? Bitcoin has stagnated recently as the cryptocurrency’s price has failed to keep any significant moves…
Sui network’s persistent growth propelled it into the league of the top 100 cryptocurrencies by market capitalization, but the value of the SUI token has been on a downward trajectory. Sustaining this heightened market position presents difficulties, as demonstrated by the recent performance of the Sui token’s value. Sui token is currently priced at $0.591478,…
Bitcoin has flashed an important high timeframe buy signal on the Vortex Indicator. Find out why this suggests a storm of buying could be brewing in crypto — and why it could soon suck up everything in its path. Forecasting A Storm in Crypto Like a meteorologist can with some degree of accuracy forecast the…
Binance, the world’s largest crypto exchange, recently added the BTC/FDUSD and ETH/FDUSD trading pairs to its zero-fee trading program. Binance recently listed FDUSD, a 1:1 USD stablecoin on the BNB smart chain issued by Hong Kong-based licensed trust company, First Digital. With the new zero-fee trading program, users can buy and sell supported cryptocurrencies using…
Shiba Inu (SHIB) is experiencing a remarkable surge in its upward movement, fueled by growing anticipation among meme coin enthusiasts for the upcoming introduction of Shibarium, an innovative upgrade to its layer 2 blockchain. Scheduled for release this August, Shibarium holds the key to addressing the prevailing scalability and network congestion issues that the Shiba…
David Puell, an on-chain researcher at Ark Invest, today shared his insights in a detailed report, offering a nuanced perspective on Bitcoin’s current standing and future prospects. The report, titled “The Bitcoin Monthly: July 2023,” addresses several key topics that are central to understanding the current state of Bitcoin. These topics include a comprehensive market…
A sequence of unfortunate developments has struck BALD meme coin enthusiasts, as the once-shining (no pun intended) digital asset has experienced a jaw-dropping 96% decline in trading volume. The root cause of this worrying situation stems from the withdrawal of more than 6,000 Ether in liquidity from the meme coin’s smart contracts, an action that…
Dogecoin (DOGE) has recently captured attention due to its price’s downward trajectory. While the current decline in DOGE’s price might raise concerns, astute traders are discerning a potential opportunity amidst the turmoil. As reported by CoinGecko, the DOGE price stands at $0.074288, reflecting a 3.6% drop in the past 24 hours and a 5.2% decline over…
Kaspa continues to captivate the blockchain sphere with its interesting nature as a Directed Acyclic Graph (DAG)-based proof-of-work (PoW) platform. Emerging onto the scene precisely when the blockchain realm was searching for an Ethereum (ETH) alternative, Kaspa’s protocol arrived as a timely solution. This came after Ethereum’s transition from proof-of-work to a proof-of-stake (PoS) framework…
Bitcoin price is moving lower below $29,500. BTC could start a fresh increase if there is a close above the $30,000 resistance zone. Bitcoin is slowly moving lower below the $29,500 pivot level. The price is trading below $29,300 and the 100 hourly Simple moving average. There is a key bullish trend line forming with…