Cryptocurrency Analysis and News Portal
Bitcoin (BTC): The largest cryptocurrency by market value was recently trading at the $17,500 level, almost the same from the past 24 hours. In futures trading, the three-month BTC futures listed on the Chicago Mercantile Exchange, widely considered a proxy for institutional activity, are drawing a premium over the cryptocurrency's
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Analyst Jason Kupferberg downgraded the crypto exchange to underperform from neutral, saying 2023 estimates are still too high. Original Source
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While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash’s estimate, the Litecoin halving will take place in 189 days, on July 19, 2023. The approaching halving
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Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin fails to win over skeptical tradersData from Cryptox Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp.Almost tying with the peak
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The Solana price has secured 45% appreciation over the last week. The coin made this significant recovery after its yearly low of $8 in December. Over the last 24 hours, the coin fell by 1.6%, which depicted that SOL was consolidating after a period of an explosive rally. As Bitcoin continued
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Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, outlined in a recent CNBC interview why the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – will become an important indicator for equity markets and possibly Bitcoin in the coming months. VIX was
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GALA was the top-gainer among the NFT rally that began last week and was last seen changing hands at $0.042.Following a rousing start to the year, there were double-digit gains over the past week among gaming and non-fungible token (NFT)-linked digital currencies. Notable tokens to experience an early 2023 rally
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BNB price (Binance coin) found support near $240 against the US Dollar. BNB rallied above $260 and might aim more upsides towards the $300 level. Binance coin price started a recovery wave from the $240 support against the US Dollar. The price is now trading above $265 and the 100 simple moving
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Ethereum, just like bitcoin, saw a relief rally that pushed its price to a new three-week high. The digital asset is now trading above $1,300 for the first time since mid-December 2021, and so far, has been able to hold its gains in the market. However, not everyone is betting
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A signal of traders’ extreme bearish positioning before Monday’s price increase was the funding rates for perpetual swaps of solana (SOL) sinking to 1,000% annualized rate. Then, SOL gained 20% and some $15 million of short bets were liquidated, according to Coinglass. Original Source
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