Bitcoin’s price has been on a downward trend in recent days, failing to sustain above the $70K level. Currently, the market is approaching a critical juncture as the price hovers around the pivotal $60K support level. The 200-day moving average at $58K adds to the significance of this support, with a potential break below $60K
Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure. This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. Technical Indicators
NFTs, or non-fungible tokens, have taken the digital world by storm in recent years. Unlike traditional cryptocurrencies like Bitcoin and Ethereum, NFTs represent ownership of unique digital assets such as art, music, videos, and more. Each NFT has its own distinct value and cannot be exchanged on a 1:1 basis, making them highly sought after
Stablecoin transfer volumes have seen a remarkable surge in recent months, reaching over $1.68 trillion in April. This marks a significant increase from the $100 billion recorded just a few months prior in October 2020. The 16-fold rise in transfer volumes underscores the growing potential of stablecoins in revolutionizing financial processes and facilitating cross-border transfers.
A recent analysis by crypto expert Justin Bennett suggests that Bitcoin may be on the verge of witnessing a significant price decline to levels as low as $52,000. The breaking of key support levels has raised concerns among investors, indicating a potential shift from a bullish to a bearish position. Bennett’s prediction, shared on X
The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the last 30 days. NEAR Protocol (NEAR) leads the list with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Interestingly, some
The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant decline in value, plunging more than 10% in a single weekend to reach its lowest level since December 2023. In the past 24 hours alone, the token has dropped from $27.87 to a six-month low of $24.92, as reported by CoinGecko. This
Ripple’s ongoing case with the SEC has undeniably been a focal point within the cryptocurrency industry, causing uncertainty and volatility in the market. Despite this, analysts are looking beyond the legal matters and delving into technical patterns to predict potential price points for XRP. EGRAG CRYPTO, one of these analysts, recently highlighted a bullish quarterly
The month of May witnessed a significant milestone in the cryptocurrency industry, with a total of 156 investments amounting to approximately $1.02 billion. Ethereum emerged as the dominant player in this surge of investments, signaling growing investor confidence in the digital asset market. In a surprising turn of events, Nigerian authorities decided to drop tax
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. If Ripple were to lose the case, the implications could be significant, not only for the company but for the entire cryptocurrency market. According to a recent proposal by the SEC, Ripple could face a penalty of
