Cryptocurrency Analysis and News Portal
The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours. Behind the rapid recovery are three major factors, including low funding rates, Square's $170 million Bitcoin purchase, and the spot market stabilizing.Bitcoin futures funding rates substantially dropAcross major futures exchanges, including Binance, Bybit and
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Another day, another all-time high for Bitcoin. The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion. “We should hit
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The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level.Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s
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Bitcoin price failed to clear the $37,500 and $37,800 resistance levels against the US Dollar. BTC is currently moving lower and it could continue to move down towards $34,000 or $33,000. Bitcoin is facing a strong resistance near the $37,800 and $38,000 resistance levels. The price is now trading below the $36,500
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Bitcoin faces the prospects of undergoing a massive downside correction as on-chain data shows a plunge in its
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Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling
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Synthetix’s native token SNX emerged victorious on the day its rival decentralized finance tokens turned lower. The SNX-to-dollar exchange
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Ethereum rallied above $650 and $660 before correcting lower against the US Dollar. ETH price is likely to
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SushiSwap’s native token SUSHI is surging higher after a correction in the price of Ethereum, which reflected poorly
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Bitcoin is clearly at a pivotal point in its current market cycle. But market cycles aren’t always obvious
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