Toncoin breaks into the top 10 after adding 30% in one week Key takeaways Toncoin is now one of the top 10 cryptos by market cap TON, the native coin of the Toncoin blockchain, has become one of the top 10 cryptocurrencies by market cap. The coin has added 30% to its value over the past seven days, outperforming the other major cryptocurrencies in the process. At […]
Bitcoin bounces from support ahead of the Fed’s decision Bitcoin found support at $25k (again) YTD performance remains impressive A dovish Fed may trigger even more strength Cryptocurrency investors may have been disappointed by the lack of volatility during the summer months—after all, Bitcoin, the leading cryptocurrency, only consolidated levels. But one should keep in mind that Bitcoin rallied strongly in 2023. It returned […]
Stablecoin supply down below $125 billion as capital continues to leak from crypto Key Takeaways The total supply of stablecoins has fallen every month since UST collapsed in May 2023 Last month saw another $1.7 billion of outflows, the total supply now 33% off its peak Tether’s market share has increased amid stuttering rivals, but all other coins have seen large drawdowns Liquidity and volume in the space […]
Bitcoin could head to $27k as Chancer’s presale nears $2M Key takeaways Bitcoin has settled above the $26k level and could be heading towards the $27k resistance level soon. Chancer’s stage two presale is now closing in on the $2 million mark. The cryptocurrency market is having a positive week so far. The prices of most cryptocurrencies are up by 2% since the start of […]
Crypto price predictions: Shiba Memu, Synthetix, Solana Shiba Memu, the fast-growing meme coin, has raised over $2.7 million. Solana has been under pressure as holders wait a major FTX dump. Cryptocurrency prices have stabilized in the past few days as investors react to the ongoing TradFi trend in the industry. On Tuesday, Franklin Templeton became the latest financial giant to file for […]
VeChain, Toncoin, Compound, Maker prices rise as US CPI spikes Altcoins like Toncoin, Compound, Maker, and Hedera Hashgraph jumped on Wednesday. The US published strong consumer inflation data as the CPI soared to 3.7%. Cryptocurrency prices reacted differently to the latest US consumer inflation data. Toncoin’s TON token jumped by 10% while Compound, VeChain, Maker, and Aptos rose by over 9%. Bitcoin price remained comfortably above $25,000. […]
Ethereum (ETH) price: Here’s why the rising US inflation matters Ethereum price has bounced back in the past two days. Franklin Resources became the other company to file for a Bitcoin ETF. US published strong consumer inflation numbers. Ethereum price rose for the second straight day even after the US published strong consumer price index (CPI) data. The price jumped to a high of $1,595, […]
Bitcoin trades with a bullish bias ahead of the US inflation data Financial market participants await the US inflation data Bitcoin shows signs of a possible reversal A falling wedge and a bullish divergence support the case for higher Bitcoin prices Today is important for anyone interested in financial markets and US data. Because the US economy is the largest in the world and the US dollar […]
Crypto volatility continues to plummet, spot volume now at two-year lows Key Takeaways Volatility briefly rose in crypto markets last month but is back near all-time lows Capital flight out of the space has been enormous, with liquidity also at multi-year lows Trading volume continues to decline, with Binance’s volume down 95% from the peak in 2021 Ethereum is now trading at a similar volatility to […]
Tron (TRX) price prediction as DeFi TVL rises in its ecosystem Tron price made a strong comeback on Tuesday. Franklin Resources applied for its own Bitcoin ETF. Tron’s user statistics are strong as the DeFi TVL soars. Tron price popped on Tuesday as cryptocurrencies went through a short squeeze. The TRX coin jumped to a high of $0.082, the highest level since July 30th. It has […]
Could softer liquidity conditions finally pump Bitcoin? Key Takeaways The US unemployment rate jumped to 3.8% last month, from 3.5% previously Cooling economic data has strengthened the market’s resolve that interest rate hikes could soon cease Implications for a pivot in policy are key for the crypto markets Bitcoin has had a torrid time ever since the economy transitioned to a tight […]
Dogecoin price prediction as Shiba Memu’s presale hits $2.6M Key takeaways Dogecoin has been underperforming in recent days and risks dropping below the $0.060 level in the near term. Shiba Memu’s presale continues to reach new highs and recently crossed the $2.6 million region. DOGE, the native coin of the Dogecoin ecosystem, has been one of the worst performers over the past seven days. […]
As the US dollar’s strength persists, Bitcoin remains trapped in tight ranges Bitcoin has moved in tight ranges since it broke above $30k in 2023 Market participants await key economic events in September All eyes are on the Fed and its monetary policy decision Bitcoin investors probably have lost their patience during the summer months, as the cryptocurrency did not move. Known for its high volatility levels, […]
Bitcoin eyes $25k as Chancer’s presale approaches $1.8M Key takeaways Bitcoin continues to trade below the $26k level and could drop lower as investors await new CPI data. Chancer’s stage two presale is fast closing in on the desired $2 million mark. The cryptocurrency market has underperformed over the past seven days. Bitcoin continues to trade below the $26k mark, while the total […]
Bitcoin volatility increases but remains far off historic levels Key Takeaways The last two weeks have seen increased volatility in the crypto markets Bitcoin fell from $29,000 to $26,000 two weeks ago before bouncing back briefly, only to fall again Thin liquidity means the market is ripe for big moves, but trading volume remains suppressed The future should see a return to the volatility […]
Falling US Treasury returns might help the cryptocurrency market US deficits keep rising despite the economy growing US Treasury returns dropped for the past three years in a row A weakening dollar might cause cryptocurrencies’ next step higher In previous articles published here, I’ve argued that the next move in the cryptocurrency market will likely be driven by the US dollar rather than crypto-related […]
Is it the right time for Bitcoin to jump above $30k again? Bitcoin and EUR/USD have a direct correlation If EUR/USD makes a new high for the year, Bitcoin should follow Elliott Waves points to a move back above 1.10 for EUR/USD It has been a struggling summer for Bitcoin investors as the US dollar strengthened. After trading above $30k in mid-April, Bitcoin failed at the highs […]
LTC/BTC bearish trend continues, as Bitcoin outperforms LTC/BTC has been in a bearish trend for the last five years Bitcoin’s outperformance is likely to continue A descending triangle keeps the bearish bias intact One of the most interesting markets to trade are cross pairs. Crosses are less liquid than major pairs and often move in tight ranges. This is a general rule […]
DOT/USD price forecast: A descending triangle keeps bulls at bay DOT/USD is in a triangular consolidation The bias remains bearish Conservative traders might want to wait for the market to move first There is nothing positive in the DOT/USD chart for bulls. The price action remains constrained by a triangular pattern that formed in the last twelve months. Sure enough, the triangle may break in […]
Ethereum price prediction: ETH has more short-term upside Ethereum price staged a strong recovery on Tuesday as investors remained optimistic about cryptocurrencies. ETH coin jumped to a high of $1,738 on Tuesday, the highest level since August 17th. It has soared by more than 11% above its lowest level this month. Ethereum ETF next? The main catalyst for the Ethereum price surge was […]
