Cryptocurrency Analysis and News Portal
As trading volumes are falling, and assuming that trading is the dominant use case for stablecoins, a respective decline in market capitalization would be anticipated, according to Clara Medalie, Kaiko’s research director. USDC and BUSD stablecoins’ market caps have shrunk in tandem with trading volumes. “But we are not seeing
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent report by on-chain data analysis platform, Santiment, shows that the two most valuable cryptocurrencies by market cap, bitcoin (BTC) and ethereum (ETH), are actively being pulled from cryptocurrency exchanges like Binance. According to Santiment, crypto
Read More
Bitcoin (BTC) has gained ground again after hitting lows of $25,800 late Friday, rising to $27,400 early Monday morning. Markets are preparing for a busy week ahead with U.S. retail sales data to be released Tuesday and Federal Reserve Chair Jereome Powell to speak on Friday. Stocks and commodities were
Read More
Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTraders: BTC price must retain $26,500Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp.The pair saw weakness
Read More
Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low
Read More
Bitcoin (BTC) neared two-month lows on May 12 amid fears that a “head-and-shoulders” pattern would put bears ahead.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis of BTC price: “Welcome to bearadise”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $26,100 on Bitstamp — its lowest since March 17.Despite encouraging macroeconomic
Read More
Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC) briefly dropped
Read More
For the past 17 days, Bitcoin (BTC) price has been trading within a narrow 8.5% range from $27,250 to $29,550, causing the 40-day volatility metric to drop below 40%. This wasn't restricted to cryptocurrencies as the S&P500 index's historical volatility has reached 17%, its lowest level since December 2021.But will
Read More
Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multi-day lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: "Big volatility on the horizon"Data from Cryptox Markets Pro and TradingView followed BTC/USD as it returned to the $28,000 mark on Bitstamp.The previous day’s Wall Street open
Read More
Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$26,600 becomes popular BTC price targetData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing.Up around 2.5% from
Read More