Can whales ultimately keep the Bitcoin rally beyond $50k?
In spite of the fact that the Bitcoin ship has been steadying recently, the market has been setting itself for the next major swing. It is likely that a falling channel, the daily 200-SMA (green), and EMA Ribbons will play out in the buyers’ favour. Additionally, an uptick in Whale activity indicated a resurgence of […]
MicroStrategy and Bitcoin mining stocks rise, as the price of Bitcoin rises
In the last three months, the value of MARA, RIOT, MicroStrategy (MSTR), and other publicly traded Bitcoin-related companies has roughly tripled. The price of Bitcoin (BTC) has risen to a three-month high of $46,293 as bulls confirmed their intention to seize complete control of the market. While crypto traders may be back in the black […]
Ethereum falls 7.6 percent as cryptocurrency markets crash
Ethereum, the second-largest cryptocurrency by market capitalization is one of the day’s top losers, trailed by Dogecoin and Uniswap. Ethereum has lost 7.6 percent in the last 24 hours, sliding close below the critical $3,000 level. According to CoinGecko, the cryptocurrency is currently trading at $2,934. Extending the period, on the other hand, provides a […]
Bitcoin holds strong even as a crash hits the Gold market
With Bitcoin still holding strong in position, the prices of Gold have dropped below $1,700 per ounce this morning. A sudden fall on August 9 brought gold prices below $1,700/oz, bringing it to its lowest level since March. During Asian trading hours on Monday, the price of the precious yellow metal fell to $1,690/oz, according […]
Altcoin Market: ICP rises nearly 30%, DOGE, UNI, and DOT surge
Will ICP recapture some of its former value? Ethereum may be enjoying the spotlight after a major network upgrade—it recrossed the $3,000 threshold today just days after the London Hard Fork went live—but that hasn’t stopped other altcoins from surging likewise. Dfinity’s Internet Computer Project token grew 26% overnight to hit $57, while many more […]