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“# Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows ” Bitcoin (BTC) and spot gold hovered below their key psychological levels on Wednesday as a stronger United States dollar weighed on investors’ appetite for hedging assets. The BTC/USD exchange rate dropped 5.27% to its intraday low of $44,423 but…
“# 3 reasons why Quant price has rallied 200% in the last month ” Interoperability between blockchain networks has emerged as one of the most important concepts in the cryptocurrency ecosystem due to the fact that users are looking for the most cost-effective ways to transfer value across the ecosystem. One interoperability-focused protocol that has…
“# Fetch.ai (FET) ignores the Bitcoin-led market meltdown by notching a 60% gain ” The real-world adoption of blockchain technology is a slowly developing process that requires the right use cases and a willing public who are open to new experiences to be obtained when one ventures outside of their comfort zone. An increasing number…
“# Analysts point to overleveraged traders after Bitcoin flash crashes to $43K ” Traders were caught flat-footed on Sep. 7 after a sharp collapse in the price of Bitcoin saw the digital asset fall below $43,000 and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated. Amount of Liquidations in…
“# Bitcoin price plunges below $43K in minutes in crypto market rout ” Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Whales blamed for major BTC sell-off…
“# Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target ” Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hedging bets against a “swift downwards move” Data from…
“# SOL price nears $200 after FTX’s Solana-enabled NFT marketplace goes live ” Solana (SOL) bulls have largely ignored its overvaluation risks as the blockchain asset goes after another milestone price level. The SOL/USD exchange rate almost reached $200 on Sept. 7 as investors continued to treat Solana as a long-term competitor to Ethereum, the world’s…
“# Bitcoin suddenly retests $50K in possible ‘shakeout’ as analysts stay bullish on BTC ” Bitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC still “fine” at $49,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as…
“# BTC price further crushes resistance, nears $53K on El Salvador ‘Bitcoin Day’ ” Bitcoin (BTC) targeted $53,000 on Sep. 7 as fears of a fresh BTC price dip faded above crucial resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “No going back” after El Salvador Bitcoin adoption Data from Cointelegraph Markets Pro and TradingView…
“# $52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash ” Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry. This truth was put on display on Sep….