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“# VGX, PERP and LUNA rally while Bitcoin price struggles to hold $38K ” Last week’s momentum in Bitcoin has all but faded as (BTC) price is once again below the $39,000 level with bears and bulls locked in a heated battle for market dominance. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price falters,…
“# VORTECS™ Spotlight: Here’s why Telcoin’s (TEL) rebound eclipsed most altcoins ” Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21. Unlike most of its peers,…
“# Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA ” A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May…
“# Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally ” On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback…
“# 16% Ethereum price rebound activates a classic bullish pattern — $2.5K next? ” Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD…
“# Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch ” Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25%…
“# Key altcoin price metric flashed bullish ahead of Axie Infinity’s parabolic rally ” Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19,…
“# 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…
“# Double-digit crypto gains and trading volume — what’s the connection? ” While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent — and identifying them is often what separates the average traders from the great ones. Compared to the gains-fest of the first few months of 2021,…
“# Beating Bitcoin: Why some traders don’t care about USD prices ” There are always two components to each altcoin’s price. One is the coin’s own characteristics: Fundamentals, investor sentiment toward the asset, liquidity and trading volume, among many others. Another powerful factor — the one that often renders any altcoin-specific dynamics irrelevant — is…