Tag: Bitcoin

July 22, 2024

With the beginning of Q2 of 2024, traders are watching every minute of the cryptocurrency movements. In such a volatile environment, it is only obvious that a question like ‘When is the next cryptocurrency crash?’ arises every now and then. […]

July 3, 2024

Bitcoin Bitcoin’s 1-hour chart highlights a downtrend from $63,211 to $59,544, demonstrating strong bearish pressure indicated by increased selling volume near the lows. Key support is noted at $59,544, with resistance around $63,211. Traders are advised to consider short positions […]

June 28, 2024

The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010, according to onchain data from IntoTheBlock. In June, the weekly active wallet ratio dropped to a low of 1.22% while peaking at 1.32%. The month’s […]

June 18, 2024

A smart contract blockchain designed as a foundation for high-performance decentralized applications or dApps, Solana relies on a novel consensus mechanism called “proof-of-history”, which works in concert with a more traditional proof-of-stake model. Through this innovative approach, Solana has shown […]

June 17, 2024

Ethereum’s native token, Ether, will likely explode by over 50% versus its top-ranking rival, Bitcoin, in the coming months, according to a technical setup called the inverse-head-and-shoulders (IH&S). ETH/BTC breakout setup resembles 2021’s 140% surge Notably, an IH&S pattern is […]

June 12, 2024

In the volatile world of cryptocurrencies, where Bitcoin’s recent stumble has sent ripples through the market, some altcoins are showing resilience and even outperforming BTC, the leading coin, dominating the entire crypto market by 54.2%. For instance, AI altcoins are stealing […]

June 5, 2024

According to the latest report by CCData, in May 2024, the cryptocurrency market saw a significant decline in both spot and derivatives trading volumes. The combined trading volume on centralized exchanges fell by 20.1% to $5.27 trillion during the month. […]

June 3, 2024

Bitcoin Bitcoin’s daily chart highlights a major uptrend starting in early May, peaking at $71,958, followed by a slight pullback and consolidation near the $68,000-$70,000 range. The daily chart shows support is firmly positioned at $66,000, with resistance at the […]

May 31, 2024

Bitcoin Bitcoin’s (BTC) daily chart reveals a market that has transitioned from a significant rally to a consolidation phase. After an impressive rise from $56,500 on May 1, to $71,958 on May 20, bitcoin’s price has fluctuated within a narrower […]

May 29, 2024

For better or for worse, when you think of cryptocurrencies, it is very likely you think of Bitcoin. Against all the odds and the negative press Bitcoin receives; be it facilitating illegal trade transactions or having a massive negative impact […]

May 24, 2024

Bitcoin Recent trends in the daily chart reveal bitcoin (BTC) reaching a peak of $71,958 before retreating to its current price range. The volume has shown significant drawdowns, indicating selling pressure. Candlestick patterns, such as bearish engulfing, suggest potential reversal […]

May 20, 2024

The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently reached a high of $67,654. Key support is observed at around $56,500, a level tested during the most recent dip. Despite the strong bullish momentum signaled […]

May 16, 2024

According to a report by the Financial Times, CME Group (NASDAQ:CME) is planning to launch bitcoin trading to expand its portfolio. The newspaper, citing sources, said the exchange, headquartered in Chicago, has been talking with traders who want to buy […]

May 13, 2024

The co-founder of social media platform Twitter, Jack Dorsey has predicted that Bitcoin will exceed the $1 million mark by the year 2030. Indeed, Dorsey made the optimistic prediction in an interview with Pirate Wire, where he noted the asset […]

April 26, 2024

The United States Securities and Exchange Commission (SEC) has initiated consultations on a proposed rule change for the trading of options on Bitcoin exchange-traded funds (ETFs). The SEC is seeking public input on the potential impacts of introducing Bitcoin options […]

April 22, 2024

The cryptocurrency sector witnessed a surge in AI coins following the recent Bitcoin Halving event, marking a significant shift in market dynamics. As the AI sector gains momentum, investors speculate on the driving forces behind this rally. Meanwhile, amid the […]

April 19, 2024

Several Bitcoin mining firms listed on the Nasdaq stock exchange closed the trading week with a noticeable 24-hour increase in share prices in the lead-up to the Bitcoin halving event. On April 20, Bitcoin celebrated its fourth-ever halving event, and […]

April 13, 2024

For those outside of the crypto world, the Bitcoin halving may seem like a strange idea: why half how quickly you can get something when it is in such high demand? It is a concept written into the cryptocurrency’s algorithm […]

April 8, 2024

Bitcoin Analyzing the daily chart, bitcoin (BTC) displays a bullish pattern with consistently higher lows and higher highs, indicating a robust uptrend. The latest rise breaking past potential resistance levels suggests a fervent buying interest among traders. However, the wisdom […]

March 29, 2024

Bitcoin price fell slightly on Friday while most financial markets stay shut for a public holiday. The largest cryptocurrency by market capitalization is sliding along with risk-correlated currencies and settling back into the middle of the narrow range above the […]