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After an impressive 23.7% rally between Oct. 25 and Oct. 31, Binance Chain BNB, has faced a strong rejection from the $330 resistance. Is it possible that the two-day 6% sell-off from the $337.80 peak could indicate that further trouble is ahead?Let’s take a look at what the data shows.BNB
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On-chain data shows the Bitcoin whales who bought around one month ago have continued to hold strong despite the price surge providing
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The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining.Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking
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Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm
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On-chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution
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The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the
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ATOM’s price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13. ATOM breaks out
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Bitcoin price is showing positive signs above $20,000 against the US Dollar. BTC could start a strong surge if it clears the
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U.S. equities slogged through a dreary day, with the tech-heavy Nasdaq, the S&P 500 (which has a heft technology component) and Dow Jones Industrial Average (DJIA) declining 0.8%, 0.9% and 1.2%, respectively. The personal consumption expenditures (PCE) index results for August, released Friday, spooked investors already fretting about high inflation. Original
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Bitcoin has been unable to break above or below its current rage, and price action remains undecided. During yesterday’s trading session, the
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