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With the easing of pressure from authorities, Tencent shares may still see additional upshoots when compared to the level it is currently at this time.The shares of Chinese multinational internet giant Tencent Holdings Ltd (HKG: 0700) have seen multi-month highs as the broader tech industry retraced their plunging valuation with
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Bitcoin (BTC) stayed above $17,000 on Jan. 10 as risk assets awaited fresh cues on policy from the United States Federal Reserve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell to kick off week of U.S. macro triggersData from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after hitting $17,396 on Bitstamp
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Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading of 108.3. Monero was also higher on the news, as it extended recent gains. Ethereum Classic
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The Chainlink price has dropped to an eight-month low as the coin fell from the $6.30 price level. Since the Chainlink price has touched a multi-monthly low, the chances of the price turning around remain extremely likely. As Bitcoin slipped on its chart too, most altcoins have been depreciating on
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Bitcoin (BTC) narrowed its consolidation range on March 18 as the TradFi trading week looked set to end with $40,000 still in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders patiently await paradigm shiftData from Cointelegraph Markets Pro and TradingView showed BTC/USD preserving $40,000 support overnight and with it, the area highlighted
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Bitcoin, the top asset in the industry has noted a sharp fall in prices over the last 24 hours. At press time, the king-coin depreciated by almost over 9.7%. Bitcoin dropped its value by almost $7,000 and was exchanging hands at $38,233.95. This marked an almost six-month low for the
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Lately, Bitcoin's (BTC) biggest investors have been upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as the "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 and
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After falling into one of the narrowest prolonged trading ranges it has ever seen, Bitcoin has finally incurred some volatility.Throughout the past week, the cryptocurrency has been trading between $9,100 and $9,300, with its price mainly remaining stagnant around $9,200.Overnight, however, buyers were able to put a firm end to
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Even taking Bitcoin’s Monday pump from $9,000 to $9,400 into account, the cryptocurrency is still in a macro consolidation.Some traders have joked that considering the length of BTC’s consolidation already, it could go on for months longer. One trader, in fact, postulated that it may be until late-Q3 or Q4
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Bitcoin’s halving was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level.The Effects of the
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