Cryptocurrency Analysis and News Portal
The digital currency ecosystem has recorded so many mishaps this year that it is now practically impossible for investors not to maintain a skeptical view of stocks across the board. The top crypto stocks are buckling under the weight of bear pressure today as the trend left a somewhat opposite reaction
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Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28.Newsflow remained negative
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After the FTX crash on November 9, Litecoin’s price began a significant upward price movement. Investors continue to remain in profit. However, a downswing could be on the way. This might not necessarily be the end of the bulls just yet. Although LTC is moving south after registering a 7.1% fall
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Bitcoin rebounds after hitting a fresh two-year low in the past 24 hours. But analysts said bitcoin could hit $13,000 amid contagion. Source
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BTC’s price lost its all-time high as price struggled to break above $17,000. BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. BTC’s price looks weak as the price struggles to hold above $16,000, with the possibility of reclaiming the daily
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The current state of MATIC and Polygon’s crypto ecosystem ranks among the worst. It took a toll on In the wake of FTX’s demise, the industry-wide contagion has impacted other projects, Polygon among them. Despite this, Polygon is in the top three DeFi companies in terms of revenue. However, Polygon and
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The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs. Source
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Institutional investors have been quite neutral on both bitcoin and the crypto market at large for a while now. This has translated
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After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently. DOGE suffers more sell-off as price
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DOGE’s price slowed down after showing so much strength as it rallied to a high of $0.15. DOGE could suffer retracement as bearish
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