While community members raise havoc by watching their largest profits disappear, analysts remain positive. Over the past few weeks, several experts had predicted that Bitcoin and the alt sector would retract the bull run before bouncing back up. As this materializes into reality, speculations of a bigger cycle arise. Notably,
Today, the global cryptocurrency market is displaying a resurgence, with Bitcoin rebounding from a recent dip of $53,489 to surpass the $56,000 mark. At the time of writing, Bitcoin’s price is trading at $56,650, marking a 3.87% increase in the past 24 hours. This recovery follows significant inflows of $143.1
Over the weekend, the Ethereum market displayed a bullish trend and enjoyed a 5% jump to the $3,500 resistance zone. However, the momentum couldn’t be sustained as the cryptocurrency initiated declined below the $3,450 mark. This resistance has been a recurring challenge since June 6, when Ethereum failed to break
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to grapple with bearish pressure as it strives to regain lost ground. On September 21, 2023, ETH initiated a fresh downward trend, sliding below key support levels and reaching a weekly low beneath $1,580. While the digital asset has since attempted
In a rollercoaster ride for cryptocurrency enthusiasts, Bitcoin (BTC) has experienced recent price fluctuations, trading between $27,000 and $27,500 over the past five days, only to drop back to $26,557, marking a 2.41% decrease within the last 48 hours. This downturn followed a rejection at the 20-day Exponential Moving Average
The world’s leading cryptocurrency, Bitcoin (BTC), is navigating turbulent waters as it grapples with a series of setbacks, causing concern among traders and investors alike. Enthusiasm surrounding the swift approval of SEC’s spot Bitcoin ETFs has dwindled, and the Bitcoin value hovers precariously below the $26,000 mark, raising questions about
Sui Mainnet, a new player in the competitive blockchain industry, is under bearish momentum since it has experienced a significant decline in its token price in recent weeks. Since its public launch in May, Sui has struggled to gain traction.It had a staggering 37.47% decline over the past month and
Shiba Inu has indeed been battling the red candle march for several weeks. Volume profiles indicate that short-term investors and traders are the main supporters of the Shiba Inu. The crypto has been in slump for the past few weeks, however some have made significant recoveries without unveiling any concrete
Pullum also stated his belief that more progress in the crypto field will be made in the future. According to the co-founder of Satoshi Solution, recruiting will increase in 2022. As the crypto markets continue to plummet, the majority of crypto businesses announced layoffs earlier this year. And larger firms,
For the past few days, the largest cryptocurrency, Bitcoin (BTC) is continuously going through a wavy price momentum. Bitcoin has recently reached $22,000, after witnessing a sudden downfall. However, the market dominator has again crashed down with a significant price fall, amid current inflation. At the time of writing, BTC
