sooyeon520

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The past few days have been particularly exciting for the cryptocurrency market, including Ripple Labs (XRP) victory over the SEC, which has led to a very nice increase in the registration of many of the torrents of coins that have recently qualified as security tokens, such as SOL, MATIC, AVAX, ATOM and many other assets. However, this weekend, traders...

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It's been a while since we've had a chance to find out what's going on with the king of cryptocurrencies. There is not much to see as the daily momentum remains bullish. After approaching the 53% resistance zone, the price briefly retreated and is now back in the 50% technical zone. As long as this technical level is maintained, the bias towards Bitcoin dominance...

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The next halving of Bitcoin is expected to occur in April 2024, when the block reward will drop from 6.25 BTC to 3.125 BTC. Cryptocurrency proponents argue that this more scarce supply will help maintain Bitcoin's value in the long term, or at least until it reaches its 21 million-unit cap around 2140. So far, miners have been able to make up for the loss of...

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BTC/USD The Bitcoin (BTC) exchange rate has gained 0.11% in the last 24 hours. On the daily chart, the Bitcoin (BTC) exchange rate is holding sideways. Volatility has fallen, which means the token is building up energy for further moves. If buyers lose the $30,000 area, a support breakout is likely, followed by a move to the $29,000 area.

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Bitcoin (BTC) has recovered significantly in the last month, returning to the $31,000 mark at one point, thanks to applications for bitcoin spot ETFs from asset management giants BlackRock, Fidelity, Invesco, VanEck, 21Shares, WisdomTree, Bitwise, ARK Invest and others. It is up 18.4% in the last 30 days. In contrast, Ether (ETH) has only gained 5.5% over the last...

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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 modest gains, mainly triggered by...

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Coinalyze data shows that traders shorting Bitcoin Cash (BCH) have lost the most money in over two years as the price spiked to $320 last week. Short and long futures tracked by BCH have accumulated losses of over $25 million, which may have contributed to the sudden spike in price. A short position is defined as shorting any asset, while a long position is a bet...

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They believe ETH has been nibbling at the 1940 resistance level for many days and has just closed above the 1900 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 stabilizes around 2500, attention will be refocused on the spot ETF and ETH/ BTC may face new...

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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...

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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...

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Bitcoin has soared above $31,000 as institutional investors began to focus on it following high-profile ETF filings and the launch of a new cryptocurrency exchange. According to CoinGecko, the largest cryptocurrency by market capitalisation is trading at $31,195 at the time of writing. It is up more than 4% in 24 hours and more than 21% in the last seven...

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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...

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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...

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The two-sided performance of 2023 so far has been reminiscent of 2019. For those new to the sector, 2018 has been very similar to 2022, with a sharp pullback following the bull market peaks of 2017 and 2021. Prices bottomed out in December 2018 at around US$3,200 before rising rapidly in the first half of 2019 to close to US$14,000 by the end of June. From the...

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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...

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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...

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Bitcoin fell again to the key support level of $25,250 on 10 June, indicating that the shorts are under pressure. Repeated retests of support levels within a short period of time tend to weaken it. The downward sloping moving averages and negative area of the Relative Strength Index (RSI) indicate that the shorts are in control. If the support area between $25,250...

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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...