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Solana’s overbought correction has picked momentum after its mention in the SEC’s latest lawsuit against Kraken. Is the SOL bull run finally over? Solana (SOL) is seeing a price correction after rallying nearly 300% in recent months. Why is Solana price down today? As of Nov. 21, SOL’s price was trading for $55, down 20%…
“We’re still early,” an analyst says as Bitcoin profitability dynamics reveal a shift in BTC supply profitability on the horizon. Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year. Data from the statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger”…
The crypto market’s recent drop is due to a normal bull market correction and potential delays in the Spot Bitcoin ETF approval. Price action across the cryptocurrency market is seeing downside in recent days, led by declines in top-ranking cryptocurrencies, Bitcoin (BTC) and Ether (ETH). As of Nov. 15, the crypto market’s net capitalization was…
Bitcoin ETF launch day could be more than just a “sell the news” event for BTC price, says Peter Schiff. Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff. In recent X activity, the longtime Bitcoin skeptic sounded the alarm over…
ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in…
Ritual’s AI models can help address new use cases in crypto, such as automatically managing risk parameters for lending protocols based on real-time market conditions. Decentralized artificial intelligence (AI) network Ritual came out of stealth mode to announce a $25 million Series A financing for the company, led by Archetype. The company offers an AI-powered…
Bitcoin is setting up for another trip past $35,000, analysis argues as BTC price settles into the weekend. Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC…
Open interest on Bitcoin options recently hit a year-to-date high, but what is fueling this newfound bullish sentiment? The recent gains are a rare sight in 2023, even considering Bitcoin’s impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just…
ProShares and Grayscale lead a surge of activity in Bitcoin investment products, with analysis confident of implied demand for a spot Bitcoin ETF. Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold. Data from resources, including Bloomberg, showed Bitcoin exchange-traded funds (ETFs) and…
Bitcoin consolidates below $30,000, with the BTC price weekly close of interest to market analysts. Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close. BTC/USD 1-hour chart. Source: TradingView BTC price sets up weekly close showdown Data from Cointelegraph Markets Pro and TradingView captured new…