On-chain data shows the supply of stablecoins has been going up recently, a sign that could potentially be bullish for Bitcoin. Stablecoins Have Registered An Increase In Their Supply Recently As pointed out by an analyst in a CryptoQuant post, every increase in stablecoins’ supply since late 2022 has been accompanied by a rise in…
Bitcoin has continued to struggle to sustain the $26,000 support level as bearish sentiment continues to dominate the market. Its drawdown in the last few weeks has led to speculations that the digital asset could be headed for a new cycle low. However, one crypto analyst firmly believes that Bitcoin has already marked its cycle…
ZachXBT, a highly respected blockchain sleuth, has sparked an outpouring of support from the cryptocurrency community after revealing a defamation lawsuit stemming from one of his previous investigations. In a remarkable show of solidarity, donations exceeding $1 million have flooded in from crypto enthusiasts across the globe, rallying to fund his legal defense. Taking to…
PEPE is now on the verge of a remarkable resurgence. After facing a decline in popularity, the meme coin seems to be reclaiming its former glory. With each passing day, this popular meme token seems to be clawing back all its losses, generating buzz among enthusiasts and observers alike. At the time of writing, PEPE’s…
Binance Coin (BNB), the native token of the Binance ecosystem, has faced significant challenges in the wake of the recent lawsuits filed by the US Securities and Exchange Commission (SEC) against both crypto exchange Binance and Coinbase. These regulatory actions have had a profound impact on the cryptocurrency market, stifling any potential upward momentum. As a…
Bitcoin price is moving higher above the $26,000 resistance. BTC could continue to rise if there is a clear move above the $26,800 zone. Bitcoin started a recovery wave above the $26,000 resistance. The price is trading above $26,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…
Bitcoin CME Futures BTC1 front month continuous contract price action closes over the weekend, making Friday evening the closing bell for the week. This Friday’s close saw price recover above a crucial level that in the past led to a bullish impulse in crypto. Here is a closer look at why bulls could be ready…
Pepe (PEPE) may seize the opportunity to rally in the face of an ongoing volatility and price swings in the crypto market. With Bitcoin (BTC) recently dipping below $25,000 before swiftly rebounding to $26,000, the market has been in a state of flux. Such fluctuations often create an environment ripe for alternative cryptocurrencies to make…
Amid the ongoing crypto regulatory uncertainty, Bitcoin’s market dominance has surged to its highest level since July 2021, suggesting a shift in the sentiments of traders and investors towards the world’s pioneer and most substantial cryptocurrency, Bitcoin. This milestone highlights the current volatility of the crypto market as it continues to grapple with regulatory uncertainty…
Polygon (MATIC), a blockchain scalability platform, finds itself in the grip of negative sentiment that casts a shadow over its prospects for a strong price recovery. The crypto market has been a volatile space, prone to sudden shifts in sentiment, and MATIC is no exception. The recent downturn in the sentiment surrounding MATIC has left…