Bitcoin markets have seen a period of calm following months of significant distribution pressure. While capital inflows have remained modest, the reduction in sell-side activity and compression of volatility suggest that a significant move could be imminent. #Bitcoin markets have experienced a cool down after several months of intense distribution […]
Tag: cryptocurrency
Whale Activity Boosts Dogwifhat Price Amid Recent Volatility
Dogwifhat ($WIF) has experienced a notable price increase of 10% in the last 24 hours, reaching $2.75. This uptick contrasts sharply with its performance over the past week, where it saw a decline of over 10%. The price of $WIF fell from above $3 to a low of under $2.5, […]
BITCOIN PRICE ANALYSIS & PREDICTION (May 20) – BTC Settles Above $66k Following A 20% Recovery In Three Weeks, What Next?
As anticipated, Bitcoin closed last week’s trading well above the $66k level and remained calm following a slight drop. It is charging back at last week’s high. A rejection there could trigger a short pullback. So far, this month has seen quite imbpressive as Bitcoin increased nicely after experiencing a […]
ETHEREUM PRICE ANALYSIS & PREDICTION (May 20) – ETH Faces Key Resistance Line After A Week Recovery, Can It Breakthrough?
Ethereum ETH continued to lag but has managed to post a double-digit gain in a week, increasing significantly above the key $3k level. It retraced slightly due to a rejection but is now bouncing back following 2% gains. After re-establishing support at the $2,860 level last week, ETH regained strength […]
TONCOIN PRICE ANALYSIS & PREDICTION (May 19) – TON Signals Bearish Following This New Double-Top Formation, Down 8%
Earlier this month, Toncoin found support and started to increase after undergoing a short correction in April. That increase brought a full price recovery but it appeared to be rolling back following this bearish pattern. From $7.6 during last month crypto clampdown, TON took a sharp downturn and slowly declined […]
BITCOIN CASH PRICE ANALYSIS & PREDICTION (May 19) – BCH Faces Resistance After A Week Bounce, Can It Scale Through?
Bitcoin Cash increased by 13% in the past week after establishing base support above a key level. It has formed a bullish pattern on the daily chart, negotiating the next major rally as it faces a minor resistance. Ending a three-week correction at precisely $400, which is now serving as […]
DWF Labs Drives Tokenfi Trend With Strategic Deposits Amid RWA Resurgence
Amid the resurgence of Real-World Assets (RWA) and the Tokenfi trend, DWF Labs has made a significant move by depositing 3 million TOKEN ($322K) to Gate.io at $0.107 per TOKEN. This transaction highlights DWF Labs’ strategic engagement with the TOKEN ecosystem. Notably, DWF Labs received 120 million TOKEN from two […]
Bitcoin’s Resurgence: Whales Accumulate As ETFs Drive Net Inflows
The sentiment around Bitcoin has turned decidedly bullish following a surprise surge past $66,000 on Wednesday, now climbing above $67,200. This price jump has sparked renewed interest among large holders. Notably, addresses holding over 1,000 BTC have collectively increased their holdings by 250,000 BTC since the launch of Bitcoin ETFs, […]
Ethereum Poised For Strong Performance In H2 2024 Despite Early Struggles
Despite Ethereum’s poor performance year-to-date, Coinbase analysis suggests a bullish outlook for the second half of 2024. The potential approval of an ETH SPOT ETF, which has a 30% to 40% chance of passing, is a significant factor. Even if the ETF is rejected, there is a high likelihood of […]
Chainlink Market Cap Surges 19% As Whales Take Profits Amid Bullish Trends
Chainlink (LINK) has experienced a significant surge, with its market cap climbing by 19% in the past 24 hours, decoupling from the broader altcoin market. This rally has brought the number of 100,000+ LINK holders to 564, marking a 4.6% increase in just five weeks. If social dominance remains stable […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (May 19) – Matic Continues To Range At This Wedge’s Support, Incoming Big Move
Matic’s bull appears a bit weak today after witnessing a small growth in the last couple of days. However, the trend is still looking bearish daily while it ranges above a six-month broadening wedge’s support. Since last month, Matic has been finding it difficult to regain momentum as the price […]
INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (May 17) – ICP Bulls Push Back After Short Pullback, Can They Sustain Pressure?
ICP is slowly picking up again after witnessing a huge reduction in the past weeks. Showing signs of strength in the past hours, the price is now up 15% following a sharp bounce off a key level this week. More gains lie ahead! The past month’s recovery appeared to have […]
CHAINLINK PRICE ANALYSIS & PREDICTION (May 17) – Link Breaks Out Following A 17% Surge Overnight, Targets $17
After correcting by almost 50% in a month, Chainlink LINK found support and began to range until it located a key level on Wednesday. It initiated a surge and steadily increased until the price broke out of a range bound. The past month of trading has been indecisive for Link […]
Render Token Faces Significant Decline Amid Whale Activity
Render Token (RNDR) has experienced a sharp decline, dropping another 11% today and trading just below the $10 mark. This decline follows a series of large transactions by major holders. According to on-chain data, Whale 0x4e4 recently deposited an additional 150,000 RNDR, worth approximately $1.57 million, to Binance at a […]
Bitcoin ETF Volume Surges, Hitting Highest Levels Since March
Bitcoin ETF volumes are gaining significant momentum, with the seven largest ETFs recording a combined $5.65 billion, marking the highest daily volume since March 24th. This surge indicates a shift in market dynamics, moving beyond the days when whales predominantly accumulated Bitcoin on-chain. 📈 #BitcoinETF volume is picking up major […]
Ethereum Transaction Fees Drop As Layer 2 Solutions Gain Traction
Transaction fees on the Ethereum network have reached their lowest point in six months, largely due to the increasing adoption of layer 2 (L2) scaling solutions. In April, L2 projects accounted for a record-breaking 82% of all transactions, signaling a significant shift in how users interact with the blockchain. The […]
Bitcoin Funding Rate Rises Amidst On-Chain Activity Slump
Bitcoin’s recent surge in funding rate on exchanges like DyDx and Deribit is causing concern among crypto enthusiasts, who are wary of history repeating itself after last week’s market top. With bullish sentiments prevailing, there’s a desire to keep Bitcoin FOMO (Fear of Missing Out) in check, ensuring that shorts […]
Render Token Sees 11% Drop As Multicoin Capital Makes Major Deposit
Render Token, an Ethereum-based distributed GPU rendering token, faced a sharp decline of 11% in its value today, marking a significant downturn in its price. This drop comes amidst a period of volatility in the cryptocurrency market, with investors closely monitoring developments within the ecosystem. According to data from Spotonchain, […]