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Bitcoin Ordinals trading volume has declined for three consecutive days after hitting a peak of $18.13 million on May 8.
The number of transactions has reduced to a third between May 8 and May 11.
Bitcoin network’s hashrate and price have declined alongside the drop in on-chain activity of Ordinals.
Bitcoin Ordina...
Bitcoin has been showing relatively bearish price action after a decisive rejection from the $30K resistance level, while also losing key support recently. Yet, there are still multiple crucial zones for the price to rely on.
Technical Analysis
By: Edris
The Daily Chart
The price has been consolidating below the $30K resistance level following a failed breakout earlier in April. The 50-day moving average has also been broke...
This week, Bitcoin and the altcoins are moving downwards as the cryptos are losing value in the bearish trend zone. BSV and KAVA, on the other hand, seem quite promising as they trade in the uptrend zone. The market is down, so let us take a look at some altcoins.
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After sitting quietly for days, bitcoin went on a rollercoaster yesterday after the US announced the CPI data for April.
The altcoins felt similar volatility, but most are trading slightly in the red now on a daily scale.
BTC’s Pump and Dump
After failing to overcome $30,000 on Saturday morning and being pushed back down by a grand, BTC had a relatively quiet weekend without any major moves in either direction. The landscap...
Binance Coin (BNB) price is sliding below the moving average lines.
Binance Coin price long term forecast: bullish
When the bears broke the 50-day line SMA, the altcoin was released from its previous trap between the moving average lines. A...
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Dogecoin price has said goodbye to a bag full of key supportive elements.
DOGE points to more downside with only one supportive element between now and $0.06.
Expect another 15% drop once a new low is printed for May.
Dogecoin (DOGE) price is under pressure from the financial markets' wisdom to “sell in May and walk ...
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Bitcoin climbed above the $28,000 level and Ethereum inched closer to $1,900 in response to US Consumer Price Index data release.
The US Bureau of Labor Statistics reported that inflation declined to 4.9% in April, against the market expectations of 5%.
Technical expert behind tedtalksmacro has set a bullish target o...
Cardano (ADA) is losing value as it falls below the moving average lines.
Cardano price long-term forecasts: bearish
The price has fallen below the 50-day simple moving average (SMA) and the current support level of $0.38, adding to selling...
Bitcoin’s price has been trending to the upside since the beginning of 2023. However, it has been showing signs of a reversal recently, following a clear rejection from the $30K resistance level.
Technical Analysis
By: Edris
The Daily Chart
The price has been consolidating since it failed to break above the $30K resistance level. The 50-day moving average has been providing support but is currently getting broken to the dow...
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Cryptocurrency wallets tied to Alameda Research, Samuel Bankman-Fried’s trading firm, have received $57.5 million in USD Tether on May 9.
A crypto intelligence tracker has highlighted a $300,000 MASK token and $57.5 million USDT transfer from OKX to Alameda’s wallets.
The wallets are fully controlled by the FTX Bankr...
