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“# Axie Infinity (AXS) axes almost half its value following 971% bull run ” A supersonic rally in the Axie Infinity market that saw its native token AXS surge by 972% in just 23 days is now risking exhaustion. AXS price Fib fractal The AXS/USD exchange rate plunged to as low as $16.02 on Monday,…
“# Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50% ” A Canada-based Bitcoin fund, operated by 3iQ Corp, has witnessed a dramatic decline in its BTC reserves since June. Literally named the Bitcoin Fund (QBTC:CN), the closed-end investment product, was holding around 24,000 BTC in its vaults in early June….
“# Ethereum bounces but ETH price in danger of turning $2.3K into new resistance ” Ethereum’s native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell’s prepared congressional testimony. The ETH/USD exchange rate surged 7.19% to reach its intraday high of…
“# Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech ” Bitcoin (BTC) price continued its downtrend Wednesday, ahead of testimony from Federal Reserve Chairman Jerome Powell. Spot BTC/USD exchange rate fell to its seventeen-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to…
“# Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K ” Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of…
“# Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation ” As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more…
“# Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K ” Bitcoin (BTC) price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from…
“# Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’ ” On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in…
“# Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS ” Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24…
“# Are KuCoin Shares overvalued after KCS price gains 100% in one month? ” KuCoin (KCS) prices ticked up in the early Wednesday session on July 7, in part because of an ongoing market rally across the top exchange-based utility tokens. The 72nd-largest cryptocurrency peaked for the day at $14.847 before correcting lower on interim…