Bitcoin price is once again facing a downward trend, breaking below the crucial $26,500 support level. This decline comes after an unsuccessful attempt to surpass the $27,500 resistance level. The failure to breach this level has put BTC at risk of further losses in the near term. BTC is currently trading below the $26,500 mark
Bitcoin
Bitcoin traders have experienced a relatively calm week with an air of caution in terms of price action. This cautious sentiment has not only affected trading activity but has also significantly impacted trading volumes on major cryptocurrency exchanges. Both spot Bitcoin trading and Bitcoin derivatives trading volumes have experienced a considerable decline from their levels
In the midst of bearish market conditions, Polkadot (DOT) is strategically positioning itself for future success. Instead of succumbing to speculation, the network has made a conscious effort to prioritize technological advancement. This new approach was evident in the multiple presentations given by Polkadot, which highlighted their ongoing efforts and ambitious goal of achieving 1,000
Chainlink’s LINK price has shown positive signs of recovery after facing a decline. The price is now correcting gains, but it is expected to find support near crucial levels, which could lead to a fresh increase in the near future. Currently, Chainlink’s price is trading above the $6.50 level and the 100 simple moving average
The recent price action of Bitcoin has shown signs of weakness as it failed to break through a critical resistance level. Today’s trading session has been accompanied by selling pressure, indicating a potential re-test of crucial support levels. However, this could also trigger a bounce for the cryptocurrency, according to fresh data. This article examines
The XRP community has once again found itself embroiled in a heated debate surrounding Ripple Labs. Recent data analysis has unveiled a series of massive XRP transactions, totaling 506 million tokens and valued at approximately $260 million. What makes these transactions particularly intriguing is not just their astronomical volume, but also their repetitive nature and
Bitcoin has experienced an upward trend since dropping below $25,000 in mid-September. The recent rally, reaching $27,435, showcased a 10% increase from the local low. However, despite this positive movement, there are mixed signals in the market that require caution and careful consideration. Glassnode’s Realized HODL Ratio (RHODL) serves as a crucial indicator for market
Bitcoin, the flagship cryptocurrency, was designed with the intention of disrupting the conventional financial system. Recently, renowned Clinical Psychologist Jordan Peterson made an interesting suggestion that customers should consider abandoning traditional banks and embracing Bitcoin. Peterson’s statement was prompted by a news report stating that Macquarie Bank, one of Australia’s largest banks, plans to transition
Since the Merge, Ethereum has undergone significant changes, starting with the implementation of the London hard fork. One key development introduced by this upgrade is the fee-burning mechanism. Under this mechanism, transaction base fees are burned immediately after a transaction is processed. This move was aimed at making Ether deflationary, as it permanently removes some
Despite the recent downturn in the cryptocurrency market, US-based trading platform Robinhood has made a bold move by significantly increasing its Shiba Inu (SHIB) token holdings. This article will explore Robinhood’s decision and its potential implications amidst the ongoing market fluctuations. On August 30, it was revealed that Robinhood had become the fifth-largest holder of
