A quant has pointed out some similarities between the current and summer 2020 Bitcoin markets through on-chain data. Bitcoin Exchange Supply Shock Ratio Has Rapidly Risen Recently As explained by an analyst in a CryptoQuant post, there seem to be some similarities between the current market trend and that during the summer of 2020. The…
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Solana price action indicates that bulls are attempting to regain the market. SOL prices begin the daily trading chart in a horizontal trend. As the market encounters resistance at the $100.5 level, solana prices are trading close to $100. Bulls will attempt to drive prices higher in order to reclaim the $101 level. If prices…
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Cardano (ADA) has been one of the worst-hit cryptocurrencies in the market. The digital asset which had seen a high of $3.10 now lives on past glory as it is now trading below the $1 mark. This has been going on for a while which has convinced some investors that the end of this onslaught…
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Investors are raising concerns about Elon Musk’s acquisition of Twitter. After soaring to a multi-week high price, the Dogecoin has crashed by 20% and is trading at $0.1381 with a total market cap of around $18 billion. In an announcement on Monday, Twitter agreed to be acquired by Tesla and SpaceX CEO Elon Musk for…
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Are we finally on the verge of upgrading our internet infrastructure to its long-awaited next generation, known as Web 3.0? The first version of the Internet consisted of read-only, static websites, whereas Web 2.0 introduced the opportunity to engage with, and create content, enabling activities such as social networking, online banking and shopping. But it…
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The open-source oracle platform for Web3, DIA announced today its entry into the newly launched Evmos ecosystem by making its data infrastructure available on its mainnet network. This new integration will be crucial to protocols operating on Evmos to develop DeFi use cases such as stablecoins, lending and borrowing, DEXs and more. With its Mainnet…
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Ethereum started a recovery wave above the $2,840 level against the US Dollar. ETH is now facing a major challenge near $2,905 and the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,840 and $2,850 levels. The price is still below $2,900 and the 100 hourly simple moving average. There is a…
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The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies. Cryptocurrency might be a perplexing subject to grasp. Many people believe the industry is untrustworthy and view investing as a gamble. Nevertheless, this fast expanding industry uses vast sums of money. Large investments may…
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Bitcoin started a recovery wave above the $38,400 resistance against the US Dollar. BTC must clear $39,600 to move into a positive zone. Bitcoin managed to stay above $37,650 and started an upside correction. The price is now trading near $39,200 and the 100 hourly simple moving average. There is a key bullish trend line…
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The king of cryptocurrency is suffering another meltdown at a 3.3% drop in just 24 hours. Bitcoin is currently trading at around $38,210 which is the lowest so far since March of this year when US President Joe Biden signed an executive order on crypto regulations. Although the BTC price went up at $40,800 on Tuesday,…
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