Bitcoin (BTC) Stretches Losses, $37k Seems The Next Support Level
Bitcoin (BTC) stretched its loss on Monday, slipping further into a trading range that it has occupied for most of the year. Analysts expect the token’s losses to worsen in the coming months as inflationary pressures and a hawkish Federal Reserve intensify. BTC dropped 1% in the last 24 hours hitting a three-week low of […]
Terra (LUNA) Foundation now possesses over 35,000 Bitcoin
The Terra Foundation Gaurd LFG is on a purchasing spree for Bitcoin (BTC). LFG’s bitcoin address shows that it purchased an additional $228.5 million worth 5040 BTC in a day. Earlier, Wu Blockchain announced that the foundation has transferred $231.4 million USDT to Binance. This accumulation has resulted in total holdings of 35,768 BTC. In […]
On-Chain Data Proposes Higher ‘Buy The Dip’ Interest In Bitcoin, Is $50k Next?
Bitcoin (BTC) is currently consolidating after reaching a 2022 high of $48,086 at the end of March. However, in the last 24 hours, there has been significant ‘Buy The Dip’ optimism on social media platforms resulting in the largest spike since March 14. The increase in FOMO in the last two weeks, when the price […]
Terra (LUNA) overtakes Solana (SOL) to become 6th largest cryptocurrency
Terra (LUNA), the eponymous blockchain’s native token overtakes Solana (SOL) to become the sixth-largest crypto token by market capitalization on Wednesday. LUNA also hit a new high as its DeFi adoption surged. LUNA rose as much as 5%, briefly reaching a record high of $119.10, with its market capitalization standing at $41.3 billion. Binance’s recent […]
Bitcoin Set to outperform NASDAQ 100- Bloomberg
Bitcoin is on the verge of becoming a global collateral Bloomberg analyst Mike McGlone maintained. He has reiterated that Bitcoin’s persistent rise is due to its sustained buoyancy in the face of all the market-moving events. Bitcoin’s divergent strength in play vs Nasdaq 100 McGlone and Jamie Douglas Coutts, Bloomberg’s senior market structure analyst looked […]