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“# World’s richest man Elon Musk boosts Bitcoin price by 20% — Is $40K back in play? ” Bitcoin (BTC) has been correcting since the peak high at $42,000. However, this correction might have ended as a significant momentum shift occurred in recent days. The GameStop debacle raised many questions about big parties’ trustworthiness and…
“# Dogecoin trading volume hits $5B, surpassing Bitcoin’s for the first time ever ” Dogecoin (DOGE) briefly surpassed Bitcoin (BTC) in daily volume on Binance at over $5 billion on Jan. 29. This is a first for Dogecoin, and it happened as the price of DOGE surged around eightfold overnight from $0.012 to over $0.08….
“# 2 key metrics suggest Bitcoin price won’t be pinned below $33K for long ” Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and dropping the majority of these gains. While this $3,800 shift to the downside might not seem significant, the 12% oscillation liquidated $660 million…
“# Bitcoin price looks to resume bull cycle after rising above $34K ” Bitcoin (BTC) has been consolidating since the recent all-time high at $42,000 and has risen back above $34,000 at time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times. However,…
“# Key metrics show this week’s $4B Bitcoin options expiry favors bulls ” Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening…
“# Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now ” Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being. There are two major indicators that have been useful in spotting trend reversals in the ongoing bull…
“# Chainlink now bigger than Litecoin as LINK price hits new high above $24 — What’s next? ” Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing…
“# NFT boom and platform upgrades back Decentraland’s (MANA) 100% rally ” In the past year non-fungible tokens (NFT) have been gaining ground as the digital art market exploded and developers experimented with a variety of use cases. Data from NonFungible shows that over the past 30 days there were 58,400 NFT sales and $12.7…
“# 3 reasons Bitcoin tumbled below $30,000 in a surprise overnight correction ” The price of Bitcoin (BTC) is continuing to reject the $35,000 resistance level, falling below $30,000 briefly overnight on Jan. 22. BTC has pared some losses since, bouncing above $31,500. At these prices, however, BTC/USD is headed for its worst week ever, losing…
“# Pro traders buy the dip as bears push Bitcoin price to the edge of $30K ” In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing…