Bitcoin seems poised to fill CME gap at $9,600, but how likely would it be?
The flagship cryptocurrency has been on a downward spiral for a couple of days now. The declines commenced just after BTC failed to hold above $12,000 following a breakout earlier this week. BTC/USD succumbed to an increased in the selling pressure, exploring levels slightly below $10,000. Many analysts weighed in on the matter believe that the pullback could be Bitcoin's way of closing the CME BTC Futures gap before it resumes the uptrend. Read more ...
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Ethereum Market Update: ETH contract calls on steroids, price may follow the lead
Ethereum's collapse gathered pace after the price broke below the critical support level of $400. At the time of writing, ETH/USD is changing hands at $388.79, down nearly 11% from this time on Thursday. The second-largest digital asset recovered from the intraday low of $374.81, but the upside momentum remains weak as long as the price stays below $400. Read more ...
TRON Price Analysis: TRX/USD continues surging, but different technical metrics spell trouble
TRON's TRX has been one of the best-performing digital assets out of top-20 recently. The coin has gained over 15% on a day-to-day basis and over 80% on a weekly basis. At the time of writing, TRX is changing hands at $0.0438. The coin has jumped to the ninth position in the global cryptocurrency rating, with the current market capitalization of $3 billion. An average daily trading volume surpassed $7 billion in the recent 24 hours, which is over 700% increase compared to average daily trading volumes registered during the previous week. Read more ...
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Jack Dorsey's Block is under investigation by US Prosecutors for crypto lapses, says NBC
According to a report from NBC on Wednesday, former Twitter CEO Jack Dorsey's company, Block, is under investigation by the US federal government. The allegations against the company are charges of processing transactions linked to sanctioned countries and even terrorists.
Ethereum attempts comeback after Fed decision not to tamper with rates
Institutional whales appear to be dumping Ethereum after recent dip. Fed’s decision to leave rates unchanged appears to have helped ETH's price recover slightly. SEC Chair Gensler has misled Congress, considering recent revelations from Consensys suit, says Congressman McHenry.
Solana price dumps 21% on week as round three of FTX estate sale of SOL commences
Solana (SOL) price is down almost 5% in the past 24 hours and over 20% in the last seven days. The dump comes as the broader crypto market contracts with Bitcoin price leading the pack as it slides below the $58,000 threshold to test the Bull Market Support Band Indicator.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.