Given that the price of Bitcoin has been lingering above the $17K–$20K range over the past few weeks, Bitcoin’s sharp downturn has come to an end. The price is currently retesting the $23K resistance level after being rejected three times from the $20K support area. Bitcoin Advocates Rejoice The market flashed its first significant relief…
Recent Solana price analysis indicates that the bulls have taken the driver’s seat as prices of the crypto have surpassed the $45 mark. As of this writing, SOL is trading at $46.25, up 40% in the last seven days, data from Coingecko show, Tuesday. The market is anticipated to continue its ascent as long as $41 serves as support.…
The global cryptocurrency market increased by about 5 percent during the past 24 hours to reclaim the $1 trillion benchmark. The price of Polygon (MATIC) has increased by over 60 percent in the past seven days, placing it among the top performing cryptocurrencies. MATIC is currently trading at $0.927, a 20 percent increase in the last 24 hours, data…
Bitcoin gained pace above the $22,000 resistance against the US Dollar. BTC could rise further towards $23,000 if it stays above the $21,500 support. Bitcoin is up over 5% and there was a move above the $22,000 resistance zone. The price is now trading above the $21,800 level and testing the 100 hourly simple moving…
Data shows Bitcoin has broken above the realized price once again as the crypto surges to $22k. Will the recovery hold this time? Bitcoin Makes 2nd Attempt To Break Above Realized Price In 10 Days As pointed out by an analyst in a CryptoQuant post, BTC may be finally shooting above the realized price again…
Bitcoin started a steady increase above the $21,000 resistance against the US Dollar. BTC could rise further towards $22,000 if it stays above the $20,500 support. Bitcoin is slowly moving higher above the $21,000 resistance zone. The price is now trading above the $20,800 level and testing the 100 hourly simple moving average. There was…
On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price. Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits. The…
Celsius (CEL) is currently witnessing a mid-crisis bounce. After registering for bankruptcy protection in the face of various probes, the token’s value transcended pressure and increased by more than 25 percent on Saturday. Despite the present efforts of its management, the Celsius Network token is exhibiting indications of a revival, according to certain observers. In the…
After the official US inflation numbers were released, bitcoin prices started to rise. However, during the previous month, the BTC miners have increased their outflow. A new set of tax policies targeted at preventing domestic cryptocurrency mining were unveiled by Kazakhstan, which is still a significant nation in the world of Bitcoin mining. During a…
Bitcoin had previously succumbed to the bears and sank below the $20,000 mark for a considerable period of time. At press time however, the coin managed to rise above the $20,000 mark. Market conditions are still fragile and BTC can again fall below the $20,000 price level. Selling volume had increased which had caused BTC…