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“# Traders seek hefty gains from altcoins while Bitcoin price consolidates ” Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours…
“# Solana price soars to new highs with DeFi project launch, $70M DEX funding ” Solana blockchain’s native asset, SOL, soared to a new record high on Monday. The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a…
“# BTC eyes $50K breakout despite most ‘greed’ since all-time highs: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat. After a mixed weekend that saw both a run on $48,000 and a major rejection…
“# 3 reasons why Gitcoin (GTC) price has rallied 100% in a month ” As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of ‘one chain to rule them all’ and the general ideology of blockchain maximalism is beginning to fall to the wayside and the focus on…
“# Top 5 cryptocurrencies to watch this week: BTC, ETC, LUNA, KLAY, AXS ” Bitcoin (BTC) is facing a stiff challenge from the bears near the $48,000 mark. As Cointelegraph reported earlier, the buy and sell levels show that sellers on Binance have held their ground at $48,000. PlanB, the creator of the stock-to-flow Bitcoin…
“# BTC price slips under $46K but analysts are betting on new Bitcoin all-time highs ” Bitcoin (BTC) saw lows of under $45,600 on Aug. 15 as a second instalment of its resistance rejection played out. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Analysts eye BTC attack on all-time highs Data from Cointelegraph Markets Pro…
“# Bullish Ethereum traders can place risk-averse bets with this options strategy ” Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee…
“# Bitcoin holds $46K support after failed breakout, Cardano price passes $2.20 ” Bitcoin (BTC) bounced at $46,000 support on Aug. 14 after an attempt to crack major resistance ended in rejection. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Bitcoin rejects at $48,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to tackle…
“# XRP chart triggers sell-off warning after price explodes by 54% in one week ” XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback. In detail, the XRP/USD exchange popped 11.78% higher to…
“# BTC price passes $47K ‘worst-case scenario’ as Bitcoin realized cap hits all-time high ” Bitcoin (BTC) at $47,000 is turning heads but is in fact only the “worst-case scenario” for one of its most popular analysts. In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that…