5/14/2023 12:45:39 PM
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC price has failed to move beyond $30,000 decisively.Buying exhaustion at this key psychological level led to a price correction toward $25,000 over the past week. Int
5/12/2023 1:50:00 PM
What is Pepecoin and can it flip memecoins Dogecoin and Shiba Inu?
Pepecoin is a new meme-inspired cryptocurrency that's growing faster than Shiba Inu in its early days thanks to some big-name exchange listings. The market valuation of Pepecoin (PEPE) has dropped by 65% as of May 12, a week after its record high of $1.54 billion.Profit-taking appears to be the primary reason behind the extreme price correction, after it rallied from almost nothing to as high as $0.00000372 after its launch on April 14, while emerging as the fastest-growing E
5/9/2023 2:18:40 PM
How low can the Bitcoin price go?
Bitcoin is down for the fourth consecutive day to paint a bearish technical pattern that's hinting at BTC price going below $25,000. The price of Bitcoin (BTC) has fallen three days in a row as traders assess many downside factors, including higher transaction fees and bearish signals for risk-on markets from legendary investor Warren Buffett.BTC price dropped below $27,500 on May 9, down 8% from its local high of $29,850 established three days ago. Moreover, the dip accompan
5/9/2023 9:47:41 AM
Warren Buffett dumps $13.3B in stocks — A warning sign for Bitcoin and risk-assets?
The "Oracle of Omaha" has increased Berkshire Hathaway's cash holdings by $2 billion in Q1, signaling his decreasing confidence in risk-assets. Warren Buffett moving into cash suggests that he's bracing for a possible collapse in risk-on asset prices. With Bitcoin (BTC) up 70% year-to-date and correlated with equities, should BTC investors also prepare for a potential stock market crash? Buffett says "incredible period" is overWarren Buffett's Berkshire Hathaway dumped $13.30
5/7/2023 12:04:38 PM
The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?
Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend. On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend.ETH price holding key supportEther’s pri
4/13/2023 3:46:07 PM
3 signs Arbitrum price is poised for a new record high in Q2
Arbitrum is relatively cheaper versus its top Ethereum L2 rival, Optimism, which may lead to a rise in ARB price over the next few months. Arbitrum (ARB) has emerged as one of the best-performing cryptocurrencies after Ethereum's long-awaited Shanghai upgrade.Notably, ARB price gained 4.28% to $1.36 on April 13, its highest level in two weeks. This also amounts to 18% gains from its $1.15 low a day ago when the Shanghai upgrade enabled staking withdrawals on Ethereum.ARB/USD
4/13/2023 11:52:37 AM
Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply
Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade. The price of Ethereum's Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network's long-anticipated Shanghai upgrade.Ethereum ducks sell-the-news fearsOn April 13, Ether's price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressu
4/12/2023 1:26:00 PM
Why is Dogecoin (DOGE) price down today?
Elon Musk's Twitter removed the Dogecoin logo from its home button, pouring cold water on expectations that DOGE payments are coming. The price of Dogecoin (DOGE) dropped 4.6% to $0.0808 under the influence of a broader crypto market correction on April 12. This downside move preceded the release of the U.S. consumer price index (CPI), which showed inflation eased to its lowest level in two years.Dogecoin wipes out Elon Musk-led gainsDogecoin's latest price drop appeared also
4/11/2023 4:26:34 PM
Ethereum price retests key support level that preceded 60% gains in June 2022
Ethereum funds have witnessed inflows worth only $600,000 in the week ending April 7 compared to Bitcoin's $56 million. Ethereum's Ether (ETH) token continued its losing streak versus Bitcoin (BTC) for the fifth day in a row as BTC's price jumped above $30,000 for the first time since June 2022.ETH/BTC bullish reversal fails midwayOn April 11, the ETH/BTC pair dropped nearly 1.6% to 0.0634 BTC to retest multi-month lows.ETH/BTC daily price chart. Source: TradingViewETH/BTC le
4/11/2023 12:25:20 PM
XRP price rally stalls as SEC vs. Ripple ruling drags on — 25% drop ahead?
XRP nears key breakout but lackluster volumes may spoil its 30% rally setup. XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally as traders pinned hopes on easing inflation data into April 12.XRP price: lackluster volumes raise risk of 25% correctionXRP's upside move brought it closer to breaking out of its prevailing bull pennant range with a price target of $0.65.XRP/USD daily candle price chart. So
4/10/2023 7:27:41 PM
Bitcoin price rallies to $29.4K as traders gear up for this week’s CPI print
BTC’s rally to $29,400 comes as the all important CPI report releases on April 12 and traders debate whether the Federal Reserve will pivot. Bitcoin (BTC) rose to its highest level in ten months on April 10 as traders await this week's April 12 consumer price index report to gain deeper insight into the Federal Reserve's fight against sticky inflation. If the report shows inflation dropping, it could be the next possible catalyst that further's BTC's upward move. On April 10,
4/8/2023 3:48:35 PM
Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in April
Ethereum price has been gaining momentum in April, even against Bitcoin, as the much-anticipated Shanghai hard fork is just days away. Ethereum's Ether (ETH) token dropped by over 7.5% in its Bitcoin (BTC) pair in 2023. But ETH/BTC may wipe its year-to-date (YTD) losses entirely in April as Ethereum's long-awaited Shanghai hard fork is just days away.The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards — worth over $2 billi
4/7/2023 5:39:14 PM
Historical Bitcoin price fractal hints at rally toward $50K
Bitcoin price in 2023 mirrors a 2015 fractal that saw BTC price doubling from $350 to $700 in seven months. Bitcoin (BTC) could rally toward $50,000 in 2023, according to a historical price fractal highlighted by popular market analyst Mags.Bitcoin price trend in 2015 vs. 2023The chart fractal highlights the similarities between Bitcoin's ongoing price trends and those recorded after the completion of the 2013-2015 bear market. That includes Bitcoin's consolidation inside the
4/7/2023 12:48:37 PM
XRP price eyes 30% upside after key resistance area breaks
More gains for XRP price appear likely due to a classic bullish continuation pattern alongside strong whale accumulation. XRP (XRP) has risen by an impressive 60% in the first quarter of 2023, helped by rising speculation over Ripple's legal win versus the U.S. Securities and Exchange Commission (SEC) and broader bullish sentiment in the cryptocurrency market.The XRP/USD pair now eyes more gains in the second quarter, primarily due to a classic bullish continuation pattern.XR
4/6/2023 3:28:20 PM
Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins. Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.Tether market cap reaches $80 billionOn April 6, the circulating market cap of USDT surpassed $80 billion for the first time since May 2022 wit
4/5/2023 12:16:27 PM
Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances
Bitcoin price is poised to reach $31,000 in April amid a lower vacancy turnout in the U.S., which risks crashing the dollar strength index to a yearly low. On April 4, the U.S. dollar index (DXY), which measures the greenback's performance versus the basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world's largest economy declined. BTC price eye breakout with dollar at 2-month lowsBitcoin (BTC) has grown 3.5% since to around $28,800,
4/4/2023 4:07:00 PM
Will Shiba Inu tail Dogecoin's price rally?
Shiba Inu price risks dropping 20% in April as it forms a classic bearish continuation pattern, based on technical analysis. The price of Shiba Inu (SHIB) increased over 10% in a day amid broader upside moves across meme cryptocurrencies in the past 24 hours. But will SHIB price rally furtherSHIB price tails Dogecoin's gainsOn April 4, SHIB's price reached $0.00001159 a day after rebounding from its local low of $0.00001049 — a 10.5% increase. Still, the meme-token underperf
4/4/2023 11:38:12 AM
Why is Dogecoin price up today?
Dogecoin price hits a four-month high after rallying 30% in a day with Elon Musk and Twitter playing a central role in the DOGE craze once again. Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk's latest cryptic stunt.Elon Musk pumps Dogecoin by over 30%In what appears to be a late April Fool's joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin's symbol — a Shiba Inu dog f
4/2/2023 5:30:00 PM
3 reasons why Ethereum price can reach $3K in Q2
Ethereum on-chain and technical indicators show a long-term bullish argument for ETH price in the near to medium terms. Ethereum's native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains.ETH price nears potential breakoutThe price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stri
3/31/2023 3:25:00 PM
Solana overcomes FTX fiasco — SOL price gains 100% in Q1
The cryptocurrency market may have overreacted to Solana's FTX links and its tainted boss Sam Bankman-Fried. The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures FTX and Alameda Research. But so far in 2023, things have improved for the SOL price.Solana price doubles in Q1/2023Solana's price has risen 104% to around $20.60 per SOL in the first quarter of 2023, the highest