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“# 3 developments signal that Verasity (VRA) price may have bottomed ” The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%. One project whose native token price appears to have bottomed out after an 87%…
“# Quant, Arweave and Avalanche soar while Bitcoin searches for support ” The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains…
“# These 2 indicators gave traders a buy signal hours before Filecoin and Near rallied ” In financial markets, the uneven distribution of information comes hand-in-hand with theuneven distribution of economic power. The cryptocurrency market is no exception and oftentimes those with insider knowledge or access to industry-grade data intelligence tools can put their digital…
“# Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B ” Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history. The company called the event a “milestone,” adding that it is another indication…
“# Ethereum ‘liquidity crisis’ could see new ETH all-time high before Bitcoin — Analyst ” Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH…
“# Bitcoin ‘will remind everyone who the king is’ says trader as BTC dips to $44K ” Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed…
“# Pro traders know it’s time to range trade when this classic pattern shows up ” A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes,…
“# Analysts say this key metric suggests an altcoin season is at hand ” Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the…
“# Strong fundamentals lure traders back to Audius, Raydium and Helium ” The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingers below $46,000 and bulls regroup to plan their next attempt to push the price higher. Despite the struggles faced by many of the top…
“# Solana is now in price discovery as SOL shows strength below $70 all-time highs ” Solana (SOL), the in-house token of decentralized computing platform Solana, continued major gains on Tuesday to become a top 10 cryptocurrency. SOL/USD 1-hour candle chart (FTX). Source: TradingView SOL becomes top-10 market cap crypto Data from Cointelegraph Markets Pro…