Bitcoin’s price has never been subject to this kind of volatility. It’s being battered by ETF outflows, macroeconomic uncertainty, and fears surrounding U.S. interest rate policy. Additionally, trading volumes for the cryptocurrency have spiked above the 14-day moving average. This spike is an indication of how active investors are, as...
Bitcoin’s realized capitalization skyrocketed to an all-time high over $880 billion, noted CryptoQuant. This milestone came against a backdrop of extreme market volatility, with Bitcoin trading down to around $43,000 before bouncing later that same day. The wider cryptocurrency market followed suit on Friday with small losses, even as Bitcoin...
At the time of writing, Ethereum price is trading around $1,800, recently consolidating below the significant resistance level of $1,850. So even with this short-term consolidation, the long-term trend for Ethereum is still bullish. Don’t let that recent momentum fool you into thinking everything’s coming up daisies in the short...
Bitcoin price has continued its bullish momentum in the latter half of April, solidifying its place among the market leaders. Bitcoin even showed a positive influence for the entire month on April 7, 2023, climbing more than 15% in value over the last 30 days. Though it did recently fall...
Bitcoin is now establishing its position under the crucial resistance level of $95,150. Based on support and resistance, this threshold has the potential to decide its next big price direction. The cryptocurrency has just logged its biggest weekly gain since November of last year, rising by 10.17%. The market is...
Bitcoin continued to hold steady around $95K on Tuesday, supported by steady institutional inflows and strong technicals. Bitcoin demonstrated impressive resilience by remaining comfortably above the $93K support level, despite enduring $380 million in ETF outflows. The poor performance is masking some underlying strength in the market. Investors are intently...
Both TRUMP and SUI have proven themselves recently with huge gains, smashing through the majority of other altcoins in the crypto space – by a mile. TRUMP is skyrocketing with a fantastic 79% gain in the last week. Meanwhile, SUI is undergoing a massive surge, up 70% in that same...
XRP is showing some very strong bullish signs! Its price has sky-rocketed by 6.2% over the last week, reaching $2.30 for the first time in a month. The cryptocurrency is sitting in recent week’s consolidation at the neckline resistance of an inverse head and shoulders pattern. Analysts predict it to...
Today, cryptocurrency markets appear to have mixed signals. As most major coins are approaching key resistance levels, some are still indicating impressive bullish outlooks. XRP is facing resistance from its 50-day Simple Moving Average (SMA) and Dogecoin (DOGE) targeting a breakout to $0.21. Bitcoin (BTC) bulls are trying to keep...
On April 23, Bitcoin passed $90,000, hitting an important new all-time high. This increase lifted crypto market sentiment to levels not seen in more than two months. This explosion drove the Crypto Fear & Greed Index all the way to 72, indicating “Greed” in the market. Yet this enthusiasm was...
The United States Senate recently convened a hearing on the growing universe of cryptocurrency. In doing so, they highlighted the desperate need for regulation in this emerging frontier. Here are some of the most important highlights that emerged through the conversations. They each noted the challenges, opportunities, and possible future...
The market of cryptocurrency day trading is a whirlwind, chaotic and always on the move. Quick reflexes, and even quicker algorithms. Thanks to new, advanced AI tools such as ChatGPT and Grok, traders are experiencing the most powerful insight and automation they’ve ever seen. Kwame Nkosi, a blockchain commentator, balances...
Let’s face it, the crypto community can’t resist an exciting hype train. Right now, the AI-powered trading locomotive is barreling down the tracks, with Grok and ChatGPT as its star conductors. Well before you decide to mortgage your home and give Uber all your assets, let’s slow down a moment...
You know, sometimes I feel like I'm watching a rerun of an old movie, only this time, it's playing out in the halls of Congress. The Senate Banking Committee’s recent hearing on the need for comprehensive crypto regulation. It was a bit like a Broadway show. Rather than earnestly seeking...
The recent Senate Banking Committee hearing on regulating the crypto space? If I’m being truthful, it was more like seeing a train wreck go down in slow motion. While senators debated the nuances of defining a digital asset – is it a security, a commodity, or something else entirely? –...
Forget about Wall Street, the exciting disruptor in crypto day trading is cooking up in the crowded streets of Southeast Asia. I'm not talking about hedge fund managers with Bloomberg terminals; I'm talking about the everyday person – the small business owner in Jakarta, the student in Kuala Lumpur, the...
AI tools such as Grok are quickly becoming indispensable tools for crypto traders. They serve as a guide for traders to understand the volatility and nuances of the market. These platforms help traders cut through the noise, gain early sentiment alerts, and make informed decisions faster in the 24/7 world...
The Senate Banking Committee met recently to discuss the rapidly growing, but highly confusing, world of crypto regulation. This upcoming meeting could not be more important at this moment in history. American consumers are losing billions to crypto scams as well, and the U.S. is lagging other countries in establishing...