For some reason or another, Saturday was an extremely quiet day for Bitcoin and the broader cryptocurrency market. In fact, Alameda Research CEO Sam Bankman-Fried, a crypto trader that has led a team to make over $50 million worth of BTC (according to some reports), wrote on Twitter that “this might be the lowest volume…
Today’s $18 billion crypto market pump has been the news that everyone in the industry has been waiting for. The doom and gloom that has shrouded the ecosystem over the past six months or so has dissipated today as a ray of hope shines bright and new records are made again. Volume Hits $50 Billion…
Polygon (POL) has captured the spotlight with a remarkable 72% surge in trading volume over the past 24 hours, reaching $417.57 million. This surge coincides with the token successfully breaking out of a descending triangle pattern, a bullish indicator suggesting the potential end of its recent downtrend. This increasing trading activity signals renewed interest from…
Bitcoin may appear to be on the brink of total collapse as coronavirus fears shake up markets, but trading volume tells a very different story.According to the volume profiles of each the greater bear market and the recent downtrend from the June 2019 top, selling pressure has been subsiding and it could signal “good times”…
The trading volume of JUP, the native token of Solana-based decentralized exchange Jupiter, has seen a rapid decline recently. On January 19th, the trading volume of Jupiter plummeted by almost $1 billion overnight, raising eyebrows across the crypto community. Despite the buzz surrounding the upcoming airdrop of 700 million JUP tokens to users, the token’s…
The price chart of the current altcoin market closely resembles that of the early Bitcoin price chart and could signal that whoever is buying the current dip across the crypto market could end up generating life-changing wealth from their investment.Life-Changing Wealth Altcoin Market Follows Early Bitcoin Market CycleWhen Bitcoin first was released into the wild,…
Cardano (ADA) is at a critical juncture. While its price has suffered a sharp decline—dropping nearly 19% in the past week and 30% over the past month—trading activity tells a different story. ADA’s trading volume has surged by an eye-popping 428% as per the data from CoinMarketCap, signaling intense investor interest despite the broader market…
Bitcoin price closed its February monthly candle below $9,400, after a massive surge in January that took the price of the first-ever cryptocurrency from $6,800 to nearly $10,000.The massive move in January appeared to be the start of a new bull market trend, but the devastating crash on the heels of coronavirus pandemic proliferation panic…
Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%.Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there is…