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“# Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high ” Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12. Dubbed as “Bull Flag,” the structure emerges as a brief sideways/downward trend following a strong…
“# Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash? ” A sharp sell-off across the cryptocurrency market on Tuesday — that saw top tokens Bitcoin (BTC), Ether (ETH), Cardano (ADA) and Solana (SOL) fall by double-digital percentages — created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered…
“# Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows ” Bitcoin (BTC) and spot gold hovered below their key psychological levels on Wednesday as a stronger United States dollar weighed on investors’ appetite for hedging assets. The BTC/USD exchange rate dropped 5.27% to its intraday low of $44,423 but…
“# LINK price locks in 36% gains following Ethereum layer-2’s Chainlink integration ” Chainlink (LINK) emerged as one of the best cryptocurrency performers on Sep. 6 as it jumped 8.25% against the U.S. dollar. In detail, the LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45,…
“# FTX Token hits new record up 50% so far in September — What’s driving FTT price higher? ” FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum. On Monday, the FTT/USD…
“# Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report ” The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer…
“# Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021 ” The amount of Ether (ETH) held by all cryptocurrency exchanges has declined dramatically in the previous 12 months. Blockchain analytics firm CryptoQuant reported that Ethereum reserves on trading platforms dropped 26.29 million ETH to 19.22 million ETH year-on-year…
“# CoinMarketCap launches Ethereum token swaps powered by Uniswap ” CoinMarketCap (CMC) has launched a token swap feature on its website through an integration with decentralized exchange Uniswap. CMC is one of the most well known crypto market data aggregators in the industry and has been owned by Binance since April 2020. The site’s Ethereum-based…
“# Internet Computer (ICP) logs revenge recovery after crashing 95% since launch ” Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday. The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile,…
“# DOGE soars 80% on the day to become 10th largest crypto by market cap ” Dogecoin (DOGE), the notorious meme-like cryptocurrency that continues to invite both affectionate hype and thinly-concealed derision, has posted some of the highest gains in the cryptocurrency market this week. As of the time of writing, the cryptocurrency is trading at…