Trading

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...

Bittrex files for Chapter 11 protection amid US regulatory clampdown; why this could spell doom for Binance.US

Share: Bittrex exchange has filed for Chapter 11 protection weeks after the SEC lawsuit. Exchange has over 100,000 creditors, with estimated liabilities and assets within the $500 million to $1 billion range, court filing shows. The move comes months after the exchange announced plans to  close down operations in the US. The...

BTC Consolidates Below $29K but is This the Calm Before the Storm? (BItcoin Price Analysis)

Bitcoin’s price has been consolidating between the 50-day moving average at $28,310 and the $30K resistance region. However, it seems likely to break out of this decisive range, determining its upcoming rally’s direction. By Shayan The Daily Chart After finding support at the 50-day moving average of roughly $27K, the price started a steady uptrend, aiming to surpass the $30K region for the second time. However, Bitcoin fa...

Binance Coin price to tank 10% as Bitcoin withdrawal ban is lifted and then reinstated again

Share: Binance Coin price tanks as Binance Holding lifts its Bitcoin withdrawal ban in ASIA PAC trading. BNB tanks over 2% in early Monday trading with more room to go. With the top three cryptos on the back foot, expect a broader downward move later this Monday. Binance Coin (BNB) price is having a manic Monday as traders are ...

Bitcoin Plunges, Threatens Further Drop To $27,000

Bitcoin (BTC) price is bearish and crossing below the moving average lines. Bitcoin price long-term forecast: bearish If the moving average lines are broken, the bitcoin price could fall even further. At the time of publication, a low of $2...

Binance suspends then resumes Bitcoin withdrawals in two hours: Theories and market impact

Share: Binance exchange temporarily closed Bitcoin withdrawals on May 7, citing BTC network congestion. The clogging caused delays with many transactions pending, and the fees soared. The exchange assured users of the safety of funds before resuming two hours later. OKX exchange leveraged the incident, and the meme trend continu...

Solana Moves In Narrow Range, But Holds Above The Low Of $21

Solana (SOL) price is in a sideways movement but stuck between moving average lines. Solana price long-term forecast of the price: fluctuation range The crypto asset has been restricted between $20 and $24 price. Today, Solana is trading at...
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