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…
Bullish
Ethereum Whale Transfers 10,654 ETH Amid Bullish Recovery
The post Ethereum Whale Transfers 10,654 ETH Amid Bullish Recovery appeared first on Coinpedia Fintech News During the ongoing bullish recovery, a significant whale transfer has been recorded. A whale moved 10,654 ETH (worth $35,404,511) from an unknown wallet to Coinbase. Ethereum is currently trading at $3,326, showing an intraday increase of 2.49% and marking its 8th consecutive green candle. Additionally, $21.72 million in short liquidations occurred over the past 24 hours. With the Ethereum ETF listing decision at a…
11 months ago
Bitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher?
Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level. Bitcoin gained bullish momentum above the $60,500 resistance zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it breaks…
11 months ago
Avalanche and Polygon Vie for Top Spot as Rollblock Anticipates Unmatched Bullish Surge
The post Avalanche and Polygon Vie for Top Spot as Rollblock Anticipates Unmatched Bullish Surge appeared first on Coinpedia Fintech News The crypto markets have been in a period of consolidation following Bitcoin’s recent dip to $53k. Established coins such as Avalanche (AVAX) and Polygon (MATIC) have both suffered losses as both compete for investor attention. Meanwhile, a new play-to-earn coin on Ethereum is set to grow exponentially in 2024 as it completes its presale. Rollblock ($RBLK) is a fully…
11 months ago
Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible?
Jamie Coutts, the chief crypto analyst at Real Vision, has highlighted an indicator that paints a bullish picture for Bitcoin (BTC). Based on this indicator, the crypto analyst suggested that a reversal might already be on the horizon for the flagship crypto. Bitcoin Hashrate Decline Is Slowing Coutts mentioned in an X (formerly Twitter) post that Bitcoin’s hash rate decline is slowing, which he noted usually precedes a bottom ad reversal of the bearish cross, which happened after the halving…
11 months ago
Bitcoin Lags Behind S&P 500, Signaling Potential Bullish Catch-Up
Bitcoin has managed to record some price gains in the last week following a brutal market sell-off at the start of July which saw the crypto market leader lose 10% of its price on July 5. At the moment, analysts continue to roll out observations and predictions that suggest that Bitcoin may soon pull off a market rebound and perhaps eventually embark on a highly-expected bull run. Bitcoin’s ‘Rare’ Underperformance Hints At Possible Bullish Rebound In an X post on…
11 months ago
Cardano (ADA) Eyeing $0.40 Break: Will It Ignite a Bullish Surge?
Cardano price started a steady increase above the $0.3850 resistance. ADA is now eyeing a close above $0.40 to gain bullish momentum. ADA price started a fresh increase and traded above $0.3880. The price is trading above $0.390 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if it closes above the $0.40…
11 months ago
Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?
Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain…
11 months ago
BNB Price Steadies Above Support: Is a Bullish Comeback on the Horizon?
BNB price started a recovery wave above the $500 resistance. The price is now consolidating and might aim for more gains above $530. BNB price started a decent upward move from the $472 support zone. The price is now trading above $500 and the 100-hourly simple moving average. There is a key rising channel forming with support at $518 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its recovery wave if it…
11 months ago
XRP Price Poised for a Bullish Path Unless This Support Paves Way
XRP price shows positive signs above the $0.4250 support zone. The price could gain bullish momentum if there is a move above the $0.4450 and $0.450 resistance levels. XRP price is attempting a recovery wave above the $0.4250 zone. The price is now trading above $0.4320 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $0.4350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish…
11 months ago