The past 24 hours saw the majority of the cryptocurrency market tumble toward lower levels. It’s worth noting that the declines are slight, with a few exceptions.
Bitcoin’s price continues consolidating within the range between $30K and $31K, but it’s getting closer to the former. Let’s dive in.
BTC Price Tumbles Toward $30K
Bitcoin’s price failed to breach $31K yesterday, and the bears took advantage. They were able to pus...
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MATIC price climbed nearly 5% in response to Polygon’s announcement of upgrade to POL token.
MATIC token holders will send their tokens to a smart contract that returns equivalent POL tokens.
POL will be used for voting on governance proposals for dApps built on the Polygon blockchain.
Polygon, Ethereum’s largest L...
Bitcoin has been consolidating for a prolonged period after encountering significant resistance around the $30K mark. The forthcoming price movement remains uncertain, as it depends on whether the price manages to breach this crucial level or faces rejection.
Technical Analysis
By Shayan
The Daily Chart
The presence of a healthy bullish trend can be identified by observing the price’s formation of higher highs and higher lo...
Bitcoin (BTC) price has retraced above the moving average lines, continuing its horizontal trend. Price fluctuations are limited to levels between $30,000 and $31,500.
Bitcoin (BTC) Price Long-Term Forecast: In Range
Cryptocurrency analysts o...
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Fantom price is currently at a standstill, stuck under the key barrier of the 50-day EMA for nearly three months now.
The network has seen a growth of 97% in the span of 30 days adding new addresses at a rapid pace.
Rising active addresses could lead to increased transactions in the market, in turn pushing FTM price up...
Cryptocurrency analysts of Coinidol.com report, the price of TRON (TRX) remains in the uptrend zone, reaching a high of $0.08.
TRON price long term forecast: bullish
Buyers struggled to keep the price above the current high in the last 48 h...
Bitcoin tried its hand at overcoming $31,000 yesterday but failed and has remained just inches below that level since then.
The altcoins are calmer today, with BCH and AAVE popping out as the few notable gainers, while LTC and AVAX are slightly in the red.
BTC Aims at $31K
Bitcoin charted a new 13-month high last Thursday when it jumped all the way to $31,600 (on Bitstamp). However, the bears took control and pushed the ass...
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Bitcoin price rallied to $31,000 within minutes of US CPI release, on Coinbase as market participants rejoiced in a CPI reading below expectations.
US inflation declined to 3% on a year-on-year basis in June, below the market expectation of 3.1%, according to the US Bureau of Labor Statistics (BLS) report.
The CPI read...
Cryptocurrency analysts of Coinidol.com report, the price of Polygon (MATIC) has fallen dramatically after surpassing the historical price levels of September and December 2022.
Polygon price long-term forecast: bearish
At the time of writ...
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US CPI or inflation is expected to decelerate to 3% year on year, with core CPI forecasted to come down by 0.3%.
The US Dollar Index has been printing declines for the past week falling from 103.3 to 101.6
Bitcoin price, on the other hand, is trading at $30,640 at the moment, and inflation coming at 3% could push the p...
