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“# Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels ” Price action in the crypto market has not been for the faint of heart over the past 48-hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts to new all-time highs. While the top two cryptocurrencies fight…
“# Phoenix Global token soars by 5,600% in just four minutes — But there’s a catch ” It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413…
“# Hawkish Fed comments and fears of stablecoin regulation spark market sell-off ” The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. …
“# Bitcoin on-chain metric suggests 2017-style bull run will continue ” Bitcoin’s (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin’s market…
“# Parabolic gains for OriginTrail, Maker and XYO Network rouse ‘altseason’ hopes ” Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level. At the moment, gaming tokens, supply chain-related projects and…
“# Solana battles Cardano for the top-five spot as SOL market cap crosses $70B-mark ” Solana’s (SOL) autumn rally continued on Nov. 3 with its price and market cap hitting a new record high. SOL surged by 7% in the past 24 hours to $236, pushing its market capitalization to over $70 billion for the…
“# Analysts say ‘impulse move’ could send Ethereum price into the $6K to $14K range ” Crypto markets have hit the ground running right from the start of November and today a near uncountable number of tokens have rallied to swing highs as Ether (ETH) broke above the $4,500 level and Bitcoin recaptured the $64,000…
“# Is Polkadot eyeing $100 next? DOT price jumps 25%, triggering classic bullish chart pattern ” Polkadot’s native DOT token looks poised to rally toward $100 in the coming sessions as it triggers a classic bullish reversal setup. Dubbed “inverse head and shoulders” (IH&S), the technical structure appears when an instrument forms three troughs in a row, with…
“# Game over! ‘Squid Game’-inspired crypto scam collapses as price crashes from $2.8K to zero ” A cryptocurrency inspired by Netflix’s internationally hit TV show Squid Game scammed investors in what appears to be a $3.38-million “rug pull” scheme. Dubbed SQUID, the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at…
“# Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest ” Bitcoin’s (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.”…