Current Market Analysis Recently the cryptocurrency market has experienced a series of market fluctuations and we have identified three recent waves through our review. The first wave was driven by old coins (e.g. BCH), the second wave was represented by traditional DEFI old coins (e.g. COMP), and the third wave was affected by the SEC regulatory event of XRP. All...
BTC/USD The exchange rate for Bitcoin (BTC) has risen 0.11% in the last 24 hours. On the daily chart, the Bitcoin (BTC) exchange rate is staying sideways. Volatility has dropped, which means the token is building up energy for further moves. If buyers lose the $30,000 area, there is a good chance of a support breakout followed by a move to the $29,000 area.
BTC confirmed the daily bear trend, while also making a nasty sweep to the highs. We've seen these developments before - even in the context of a sweep. Are there results this time? I don't know. But we may well not have seen the lows yet. I don't think it's all doom and gloom. We are still in a special position in the time frame above 1D. We may even be on our...
In the first half of the year, #btc #eth outperformed traditional assets, rising 85% and 63% respectively, raising hopes for an end to the bear market in 2022. The growth in #btc was partly attributed to early pricein for the next halving event, as well as the introduction of #brc20 funding volumes. The #DeFi space also saw a small rise, mainly triggered by...
Ki Young Ju, co-founder and CEO of cryptocurrency data analytics platform CryptoQuant, shared in a tweet today that Bitcoin miners have sent 54,000 Bitcoins to Coin Security in the last 3 weeks. At the same time, however, the open interest in bitcoin has not changed significantly. In Ki Young Ju's view, this suggests that miners are less likely to top up their...
They believe that ETH has been nibbling at the 1940 point resistance for many days and has just closed above the 1900 point daily, weekly and monthly lines, so it will not continue to explode. If ETH breaks out completely, it will rise to 2500 in the short term Once ETH stabilises around 2500, attention will be refocused on the spot ETF and ETH/ BTC could face...
Corporate profitability is likely to decline due to the Federal Reserve's unprecedented tightening monetary policy and macroeconomic concerns. Due to ongoing inflation, companies are being forced to reduce hiring and adopt cost-cutting strategies. Nonetheless, the U.S. economy is showing resilience, as evidenced by a 0.3 percent increase in retail sales in May...
Over the past 24 hours, BTC has gained a modest 0.34% and is currently trading at $30,727, close to its yearly high of $31,000. Bitcoin has seen a new wave of institutional interest over the past week as many traditional financial institutions have registered Bitcoin ETFs. As a result, the market has become more optimistic and traders are not interested in the...
On June 24, the bitcoin price hit a new 2023 high of $31,185 . However, resistance at that level remains strong. The asset fell 1.7% to $30,224 in the Asian trading session on Monday morning. BTC is still up 14% since the same period last week, buoyed by BlackRock ETF applications and renewed institutional interest. If resistance levels cannot be broken, a double...
Bitcoin continued its recent rally on Friday, surpassing $31,000 in its best week since mid-March. Bitcoin ( BTC ) soared to $31,230 in New York on Friday afternoon. The largest cryptocurrency is now up around 20 percent since June 18, its best week since March 13, when the asset rose around 26 percent after decoupling from its stablemate USDC. Bitcoin has now hit...
Volatility Shares' 2x leveraged Bitcoin futures ETF (BITX) was cleared by the SEC on Friday, making it the first leveraged cryptocurrency ETF in the US ETF and will open for trading as soon as next Tuesday. Stuart Barton, chief investment officer at Volatility Shares, told media outlet Coindesk that the regulator did not reject his application for a 2x leveraged...
Watch out for high and low switches in oscillating markets ETH (↑) Entry point one 1705 [head position Entry point two 1680 . Stop loss range 1740-1760 Stop Loss 1660 Pay attention to the proper arrangement of positions ETH (↓) Entry point one 1735 [open position Entry point two 1750 [cover position Take profit range 1715-1700 Stop Loss 1770 Note the...
On June 19, according to L2BEAT data, the current total ethereum Layer2 locked position (TVL) rose to $8.41 billion, up 1.46% in 7 days. The top five lockups are Arbitrum One ($5.45 billion, up 1.31% on 7 days) Optimism ($1.54 billion, up 0.80 per cent on 7 days) zkSync Era ($508 million, up 14.51% on 7 days) dYdX ($333 million, down 1.32 per cent on 7...
Ether recently changed hands to $1,650, down 5.1 percent from Tuesday, while also hitting a three-month low. Other major cryptocurrencies mentioned in the SEC action tumbled with the ADA, with tokens from the Caldano blockchain down more than 5% recently, but SOL and Matic, the local cryptocurrencies of the Solana and Polygon smart contract networks, each down...
Perhaps influenced by Fed's hawkish stance, Bitcoin began a rapid decline this morning, reaching a low of $24,820 and falling below the $25,000 mark to a near three-month low; it recovered slightly before press time and is now at $25,128, down 3.15% over the last 24 hours. Ether was broadly similar but fell more sharply, approaching a low of $1,630 at the same...
Ether has been in a correction phase for the past few days. The shorts pulled the price below the 50% Fibonacci retracement of the $1,755 level on 10 June, but the bulls stopped the collapse while defending the strong support at $1,700. The bulls will try to start a relief rally that could touch the 20-day SMA ($1,835). This is an important level to watch out for...
ETH 1,768 USD The performance was relatively good. This suggests that institutional investors are not panicking and selling off positions. As a result of the outperformance, bitcoin's dominance has risen to a year-to-date high of 47.6%, while ethereum has risen to 20%. Uncertainty in the short term may keep some investors on the sidelines. In the meantime, firm...
ETH market interpretation and part of the contract trading strategy: the Ether aspect of the large cycle of the daily level yesterday reported a large medium negative K-line this daily alternating pattern of large yin and large Yang, in fact, still belongs to the multi-vacancy game stage, and the daily line also continues to maintain a wide range of oscillation...