Despite Downtrend, Bitcoin Continues To Flow Out Of Exchanges –
Data shows exchanges have observed large amounts of Bitcoin leaving exchanges in the year 2022 so far, despite the downtrend the crypto has experienced.
Data shows exchanges have observed large amounts of Bitcoin leaving exchanges in the year 2022 so far, despite the downtrend the crypto has experienced.
Bitcoin just entered the sixth day of relatively low activity while hovering within a 9-week ascending support line. Its current performance underscores the increased state of uncertainty especially after the bearish performance it delivered last week. In most cases, the smart money makes moves while the retail market waits for clarity as far as market direction is concerned. Perhaps a look at what some of the heavy hitters in the realm of Bitcoin may provide insights into the potential market...
The Ethereum [ETH] Foundation recently announced that the last and final major Bellatrix upgrade will be released on 6 September. This has caused another wave of excitement among enthusiasts. Not only did this development increase social activity, but it also affected ETH’s price action positively. At the time of writing, ETH was trading at $1,710 with a market capitalization of $206,597,559,958. Thus, showing a 4.85% increment in its 24-hour performance. Source: CoinMarketCap
EOS price rallied and was able to clear the $1.60 resistance against the US Dollar. The price is now trading above $1.60 and the 55 simple moving average (4-hours). There is a declining channel forming with resistance near $1.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $1.64 and $1.60 support levels. EOS price is rising above $1.60 against the US Dollar, similar to bitcoin. The price...
Crashing from an all-time high at around $69,000, Bitcoin has lost over 70% of its value since November 2021. New data reveals that BTC’s price might have entered one of its worst bear markets since its inception, as the cryptocurrency loses critical levels and remains trading in the red on high timeframes. At the time of writing, Bitcoin trades at $21,600 and records a 10% loss over the past 7 days. The entire sector is experiencing downside price action and...
Published 4 hours ago The Ethereum price analysis for today remains moderately bullish. The price traded in the green zone for the past few hours. However, still, there are many hiccups for the bulls to overcome. ETH is recovering from the recent correction as fresh buying emerges near the lower level following the consolidation. ETH went through a big sell-off in the past week as investors book their profits since mid-August as the end of the recovery rally. The price...
Bitcoin price started a fresh decline below the $22,500 zone against the US Dollar. The price is now trading below $22,000 and the 55 simple moving average (4-hours). There was a break below a major rising channel with support near $23,750 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to decline further it there is no recovery above the $21,750 resistance. Bitcoin price is struggling below $22,000 against the US Dollar. BTC might extend...
AscendEX is excited to announce the listing of StonkLeague under the trading pair: $AEGIS/USDT. Trading begins at 1:00 PM UTC on August 24th, 2022. StonkLeague is a digital asset gaming and trading platform, that enables retail traders to engage in fantasy trading games. Gamify the Investment Experience StonkLeague is a Gamified Index and DAO Protocol. In light of the volatility of crypto trading, StonkLeague provides fantasy trading games to win Bitcoin and Ethereum prizes, making it easier for retail traders to...
Over the last week, Bitcoin (BTC) and the broader crypto market have come under selling pressure. This happens as the global macro conditions continue to remain jittery with an expected rate hike by the Fed next month. Bitcoin which has shown a strong correlation with S&P 500 is now losing the game to the world’s second-largest crypto Ethereum (ETH). On-chain data provider Santiment notes that as the ETH price rallied ahead of the much-awaited Merge upgrade, it has shown a...
As the long awaited Ethereum Merge approaches, the crypto community is closely watching Ethereum price movement. With the recent announcements from developers, it appears almost certain that the Merge is set for September 15. In the last 45 days, the cryptocurrency witnessed high volatility with huge upward movements and instant corrections. ETH reached a peak of $2,000 recently compared with the lows of $800.