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“# Bitcoin in line for ‘phenomenal’ weekly close if BTC price holds $49K ” Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $49,300 on the weekly chart Data from Cointelegraph Markets Pro and TradingView showed…
“# Solana hits record high with SOL price up over 218% in six weeks — What’s behind the rally? ” Solana (SOL) prices printed another milestone of nearly $85 high on Aug. 27 as traders assessed a flurry of optimistic fundamentals, including Solana’s potential foray into Wall Street. On Aug. 24, digital asset management firm…
“# Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch ” Cardano (ADA) appears to be heading toward a new record high as its downside move takes the shape of a bull flag. In detail, the ADA/USD exchange rate plunged 16.91% to $2.47, but the pair’s decline came after…
“# Analysts say Bitcoin price pullback and profit-taking at $50K ‘was expected’ ” The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro…
“# Altcoins sell-off while exchange listings boost COTI and Conflux Network ” Bears pressed harder on the market today after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses. While most of the market is seeing red a few altcoins managed to notch notable gains due to exchange…
“# Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K? ” Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000. The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday, its…
“# Traders pile into altcoins after Bitcoin price bounces at a key support ” The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level. Despite the swift turnaround,…
“# 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…
“# Bollinger Bands creator warns Bitcoin bulls as BTC price struggles below $50K ” Bitcoin (BTC) prices have recovered by more than 60% to $47,486 after bottoming out below $30,000 on July 20, triggering anticipations of an extended bull market toward $100,000. But to John Bollinger, a celebrated contributor to the field of financial analysis, investors…
“# Bitcoin rejects $51K after Michael Saylor reveals new BTC purchase — What’s next? ” Bitcoin (BTC) is currently facing a crucial resistance to break through after a massive rally of 70% since the recent low in July at $28,000. This resistance is found in the psychological area between $50,000 and $51,000 and can be…