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“# Shiba Inu (SHIB) DEX ShibaSwap surpasses $1B TVL 24-hours after launch ” Dogecoin (DOGE) has proven to the world that even a project that started as a joke can gain value and notoriety in the cryptocurrency space. This phenomenon opened the door for multiple ‘meme’ cryptocurrencies to gain a foothold and a quick look…
“# Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price ” This year’s 500% accumulated gain took Ether’s (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how…
“# 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…
“# Bitcoin battles $35K as traders agree volatile BTC price move incoming ” Bitcoin (BTC) took a stab at key resistance around $36,000 on Wednesday as anticipation built around a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC breakout means first stop: $39,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedbly tapping but…
“# Bitcoin miner revenue jumps by 50% in 4 days since record difficulty drop ” Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows. According to figures from monitoring resource Blockchain, daily revenues have surged by over 50%. “Interesting dynamic” hits Bitcoin mining Bitcoin mining is currently in a…
“# Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve ” Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph…
“# Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However,…
“# Backwardation in Bitcoin futures contracts shows pro investors lack confidence ” Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking to mark the end of…
“# Avalanche founder Emin Gün Sirer ‘quite bullish’ on crypto market prospects ” Emin Gün Sirer, the creator of the Avalanche blockchain protocol, has said the current decline in crypto prices has not dampened his enthusiasm about the future of the market in general. Speaking to Cointelegraph China, Sirer drew from his “unique vantage point”…
“# Is the Bitcoin bull run only in the ‘disbelief’ market cycle phase? ” Bitcoin (BTC) topping out at $64,500 would mean that this bull market is unlike any other in history, one commentator argues. In a tweet on Tuesday, Alex Saunders, founder and CEO of Nuggets News, used a classic Wall Street paradigm to…