It was just over two weeks ago when the predominant sentiment in the cryptocurrency market was whether the bull run had ended prematurely, as BTC’s price had tumbled to a five-month low of under $75,000. Now, the asset is pushing above $95,000. A big portion of those gains came in the past week. As we explained in the Market Update from last Friday, the previous week went rather calmly, with BTC’s price trading sideways around $85,000. The weekend was similar, but the bulls stepped up on the gas pedal on Monday and didn’t look back. At the time, bitcoin jumped by over three grand and broke out of its tight range where $86,000 played the role of an upper boundary. Just ...

The price of Avalanche (AVAX) broke above the moving average lines, regaining its upside momentum. The cryptocurrency peaked at $23 but was halted. Avalanche price long-term analysis: bullish AVAX is rejected at the $23 threshold for the third time. On the positive side, the price indicator has predicted that the cryptocurrency will continue to rise. AVAX was expected to reach the Fibonacci extension level of 1.618 or $24.55. The bullish momentum has currently stopped below the re...

Following a few consecutive days of charting gains and multi-week peaks, bitcoin’s price movements have finally reversed, and the asset has corrected by around two grand. Most altcoins have followed suit, aside from TRUMP, which exploded after it became known that the top 220 holders will have a special dinner with the US president. BTC Rally Halts The past week was quite sluggish for BTC, as the asset spent most of the time in a tight range between $83,000 and $86,000. All attempts for a breakout in either direction were halted in their tracks. The weekend was similar, with little to no actual price moves. The situation started to change on Monday morning when BTC fin...

The price of Ethereum has broken through the 21-day SMA line and continued its uptrend. Ethereum price long-term analysis: bearish Thanks to this encouraging rise, the altcoin has risen above the $1,750 barrier. If buyers push the price above the 50-day SMA, Ether will rise above the high of $2,000. The uptrend will continue until it reaches the high of $2,600. The largest altcoin will then exit the downtrend zone and rise again. On the other hand, the altcoin runs the risk of fal...

After today’s rally past $94,000, BTC has recovered roughly twenty grand in just over two weeks since the massive crash on April 7 and 9 when it plunged below $75,000. Many altcoins have marked explosive gains over the past 24 hours as well, including ETH, which has soared by 10%, and SUI, which has skyrocketed by almost 30%. BTC Above $94K A lot can change in the cryptocurrency space within the span of just a few weeks. Recall that the primary cryptocurrency plunged hard on April 7 and 9 due to the ongoing tariff madness started by the US to under $75,000 to mark a five-month low. However, the overall improving conditions, including a tariff pause for most countries, ...

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, which is one of the largest and one of the most popular cryptocurrency exchanges in the world. Binance Coin was created by Binance, and it initially launched as an ERC-20 token on the Ethereum blockchain. However, with the launch of Binance Chain in 2019, BNB migrated to its own blockchain called Binance Smart Chain (BSC), which allows for faster and cheaper transactions. BNB (formerly known as Binance Coin) stands for “Build and Build.” Along with fueling transactions on BNB...