Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bearish
WLD Price Alert: Worldcoin Faces Legal Setback in Portugal, Bearish Outlook Looms
Citing numerous complaints of unauthorized data collection, Potugal’s data regulator CNPD instructed Worldcoin to cease collecting biometric information. Meanwhile, Worldcoin has introduced Personal Custody, allowing users to control their data directly on their devices. Sam Altman’s iris-scanning crypto project Worldcoin is facing major resistance and this time it’s facing a major roadblock in Portugal. In the latest development on Tuesday, March 26, Portugal’s data regulator has asked Sam Altman’s iris-scanning project Worldcoin to immediately stop collecting the biometric information of…
1 year ago
Analysts Remain Optimistic of an Imminent BTC Price Surge despite Current Pullback
Bitcoin is trading in a short-term bearish zone after it tanked below $40K on Aug 3 as bulls failed to force a breakout above the $42K level. The coin hit highs of $42,435 on Aug 1 following three days of convincing attempted breakouts above that stubborn resistance, but upward momentum is now fading. BTCUSD has broken below $38.4K at press time after shedding 4% off its gains in the past 24 hours. After breaking below the $39,200 support levels in…
4 years ago
A Beginner’s Guide to Candlestick Patterns
The Candlestick chart (also known as the Japanese candlestick chart) is a type of financial chart that describes price movements for security, derivative, or currency. The pattern is thought to have originated from a Japanese rice merchant named Munehisa Homma in the 18th century. The pattern was later introduced to the United States by Steve Nison in his book Japanese Candlestick Charting Techniques. A Candlestick's performance varies depending on the type. An analysis done by Thomas Bulkowski, who built performance…
4 years ago