Bitcoin (BTC), the world’s largest cryptocurrency, is facing a potential correction as it loses support at a critical level and trades at $27,300. Technical analysis shows that the Parabolic SAR has flipped bearish on the daily chart, indicating a possible downturn shortly. Bitcoin’s price has also dropped below the 50 exponential moving average (EMA), a…
The bullish trend that Chainlink (LINK) has enjoyed for much of its existence seems to have recently ended. The price of LINK has crumbled as the bears take down the bulls, leaving investors wondering what the future holds for the asset. There was a significant 24.55% decrease within the past weeks in the Chainlink (LINK)…
The world of cryptocurrency is constantly evolving, and the latest craze to take the market by storm is the rise of meme coins. These coins are based on popular memes or internet culture, and they have gained a massive following in recent months. Few have been as popular as Pepe, the popular frog king of…
After suspending Bitcoin withdrawals multiple times in the past 24 hours, the world’s largest crypto exchange announced plans to create a lasting solution. The firm now plans to include the Bitcoin lightning network for BTC transactions. The only downside is that the alternative comes with a higher fee. But the exchange revealed plans to cushion…
Litecoin is shedding its gains in the market today as the bears take control of its price. At press time, its trading volume is down by over 15%, with a price decrease of 2.80% in the last 24 hours. Such a decline comes after major crypto assets like Bitcoin and Ethereum took a blow and…
The Bitcoin price lost 4.2% over the past weekend and slid again to $28,000. The broader crypto market is also consistently in the red. The second largest cryptocurrency by market cap, Ethereum, is down 6% since Friday. Why Are Bitcoin And Crypto Down Today? As always, Bitcoin’s recent price movement should be viewed from multiple…
A crypto whale moved about 4.23 trillion PEPE coins worth $15.6 million to the Binance exchange. Though the meme coin has recently seen a massive price rally, could this be the start of a crash? The blockchain data provider, Lookonchian, captured the transaction of the whale. The massive token movement was coming when the meme…
Recently, the Terra Classic ecosystem has been in the spotlight due to its developmental efforts, with the testnet upgrade to version 2.0.0 being the latest advancement. Contrary to general expectations, this recent improvement hasn’t translated into the price of the Terra Luna Classic token (LUNC). Since the start of February, the price of Terra Luna…
The United States is gradually becoming too hot for crypto firms to operate due to unclear and stringent regulatory approaches. For instance, a recent development that sparked an outcry was the proposal to impose a 30% excise tax on crypto-mining facilities. US President Joe Biden’s budget proposal presented a phased-in tax on the electricity used…
The Dogecoin market saw a significant drop in price on May 4 to a low of $0.077 but eventually increased by 5.19% the next day. Despite the bear’s pressure, Dogecoin bulls are struggling to regain positive market sentiment. Notably, the Dogecoin price has experienced a slight 0.53% increase within 24 hours. According to CoinMarketCap, DOGE…