Cryptocurrency Analysis and News Portal
The top two crypto assets have risen significantly in the past seven days, with bitcoin jumping 22.6% and ethereum increasing 18.6% against the U.S. dollar. According to market data, both crypto assets saw the largest increase on Saturday, Jan. 14, 2023. The sudden spike in value caused the highest ratio
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Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTrader demands higher low above $28,000Data from Cointelegraph Markets Pro and TradingView confirmed volatility once again waning in a frustrating week's price
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Meanwhile, some blockchain sleuths pointed out that Wonderland’s chief developers took on millions of dollars in losses after the sell-off. Sifu’s wallet saw $1.6 million of losses due to liquidations, while those on Daniele Sestagalli’s wallet reached $15 million. Source
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Bitcoin has been caught within an unrelenting trading range since the start of May. This range has primarily been established between $9,000 and $10,000, although the crypto has broken through both of these levels on a few brief occasions. Because bouts of volatility this low are typically followed by massive movements, it
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Ethereum has some immense weakness in recent times, severely underperforming Bitcoin and the aggregated crypto market as it continues struggling to garner any upwards momentum.Traders don’t seem to think that this lackluster price action will last for too much longer, however, as open interest for ETH has been rocketing higher
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