Bitcoin is still struggling below $17,000 and centralized exchange inflows and inflows seem to be mirroring the trend of the digital asset. Over the last 24 hours, the net flows from exchanges have been seeing a near balance between inflows and outflows. Balancing Each Other Out The exchange net flows reported by Glassnode show barely…
The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna Classic (LUNC) by the community.…
On-chain data shows the Bitcoin MVRV Ratio Triple Ribbon is approaching a bearish cross, a sign that a correction could be coming soon for the crypto’s price. Bitcoin MVRV Ratio Triple Ribbon Is Close To Bearish Crossover As pointed out by an analyst in a CryptoQuant post, the MVRV ratio warns that a new round…
TRON has been on an uptrend and looking bullish for the past 12 hours. The technical indicators all imply an increased demand on the asset and a steady streak. Here’s a quick glance of how the crypto has been performing of late: TRX price up by 0.20% as of this writing Technical indicators show increased…
In addition to the macroeconomic headwinds, the Binance rumors and the uncertainty surrounding Grayscale/DCG are clouding the sentiment in the Bitcoin market. In a renewed attempt to dispel the “FUD,” Binance released a detailed report today in which the world’s largest crypto exchange addresses current questions from the media and the community. Even though analytics…
VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows. With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci level found at $0.01967. …
Ripple is consolidating below the $0.35 resistance zone against the US Dollar. XRP price could extend its decline if there is no recovery wave above the $0.35 barrier. Ripple is currently consolidating below the $0.35 and $0.365 levels against the US dollar. The price is now trading below $0.365 and the 100 simple moving average…
Ethereum is facing resistance above $1,250 against the US Dollar. ETH could gain bullish momentum if it clears the $1,230 and $1,250 resistance levels. Ethereum attempted a recovery wave and climbed above the $1,200 level. The price is now trading above $1,200 and the 100 hourly simple moving average. There is a key contracting triangle…
Bitcoin price is still struggling below $17,000. BTC remains at a risk of a fresh decline unless there is a clear move above the $17,200 resistance zone. Bitcoin is facing a strong resistance near $17,000 and $17,200. The price is trading above $16,800 and the 100 hourly simple moving average. There is a new declining…
Bitcoin retail investor numbers are on the rise. These smaller investors have less purchasing power but with so many new entrants into the market following the 2020-2021 bull market, their collective purchasing power has grown alongside the total amount they hold. Retail Investors Hold 17% Of Supply Over the last few years, bitcoin addresses holding…
