Trading

Bitcoin Ordinals dropping popularity sees BTC hashrate and price decline

Share: 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...

Here’s the Critical Level of Support if BTC Drops Below $27K (Bitcoin Price Analysis)

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...

Weekly cryptocurrency market analysis: altcoins are in a negative trend, but are not able to initiate a recovery

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. ...

Bitcoin Pumped and Dumped $1.5K Following US CPI Numbers: Market Watch

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 Stabilizes Above $300 In Anticipation Of An Uptrend

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...

Dogecoin price on 15% downward trajectory as more bulls ready to unwind their positions

Share: 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 ...

Bitcoin, Ethereum prices rally as US CPI inflation falls to 4.9%

Share: 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 Continues To Drop To Low Of $0.32

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...

BTC Plunges Toward $27K on Network Congestion Stress, is $25K Next? (Bitcoin Price Analysis)

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...

FTX creditors await retrieval of lost funds as Alameda Research receives $57.5 million in Tether

Share: 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...
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