[ad_1] Bitcoin has continued to struggle to sustain the $26,000 support level as bearish sentiment continues to dominate the market. Its drawdown in the last few weeks has led to speculations that the digital asset could be headed for a new cycle low. However, one crypto analyst firmly believes that Bitcoin has already marked its cycle bottom. Crypto Analyst PlanB Says $15,500 Was Bitcoin Bottom In November 2022, FTX which was the second-largest cryptocurrency exchange in the world at the time collapsed and filed for bankruptcy following a massive bank run. This collapse reverberated through the market and triggered a…
Author: Best Owie
[ad_1] Bitcoin miners are now taking advantage of the recent price increase as they have begun to send massive amounts of BTC to centralized exchanges. While this is not new as miners tend to sell BTC to fund their operations, the sheer volume that is being moved to exchanges is what is alarming. Bitcoin Miners Send Over $70 Million To Exchanges In a recent development reported by on-chain data aggregator Glassnode, Bitcoin miners are moving massive amounts of BTC to exchange. In the last week alone, these miners moved a reported $70.8 million worth of BTC to centralized exchanges. Related…
[ad_1] Bitcoin and the broader cryptocurrency market have been trending sideways for the last month with no indication of an upside at this point. However, not everyone is bearish on the market as Galaxy Digital CEO Mike Novogratz expects the market to turn bullish soon, and he gives reasons for why he believes this will happen. Reasons Why Bitcoin Will Begin A Bull Rally Novogratz was interviewed on CNBC’s Squawk Box on Thursday, June 1, where he gave his opinions on the Bitcoin and crypto market and where he expects the market to go. Contrary to the current market trend,…
[ad_1] The recovery of Bitcoin and other cryptocurrencies at the start of the year brought about hopes that the bear market had finally come to an end. However, the market has since reversed with assets in the space losing a good portion of their Q1 gains. With the current trend, it is more than likely that the bear market is not over. Historical Bitcoin Trends Suggest Otherwise Over the last four bull markets that Bitcoin has seen since its inception, a number of things stand out. The first is that the bear market following a bull market does not seem…
[ad_1] Meme coins were the rave for the last couple of months following PEPE’s success. But now that the hype has finally died down, it has given the room for investors to look at the meme coins that actually carry the most promise. These older meme coins have been in the market for a while and their communities are still very active. However, not all of them have held up well price-wise, so in this report, we take a look at the meme coin that has been the best performer even through the bear market. Comparing Meme Coin Profitability In…
[ad_1] Litecoin (LTC) is still trending low like the rest of the cryptocurrency market but one thing that separates the altcoin from the others is its obvious bullish case. Unlike the rest of the market, Litecoin looks set for another rally which will likely be propelled forward by the next halving. Litecoin Halving Presents Bullish Scenario Just like Bitcoin, the Litecoin halving happens every four years and cuts block rewards by 50%. The aim of this halving is to reduce the amount of new supply flowing into the market. And as demand rises, there is less supply to meet this…
[ad_1] Shiba Inu remains one of the most popular meme coins but the performance of the cryptocurrency in the last year has been discouraging for holders. Despite remaining the second-largest meme coin, it has continued to decline in price and this has caused the asset to fall below very crucial support. And now that SHIB is now sitting at the $0.000008 level, is it a good time to buy the meme coin? Shiba Inu Falls Below Critical Level For Shiba Inu, the $0.000009 price level has served as good support for it through the ups and downs of the crypto…
[ad_1] Stacks (STX) has resumed its rally once more as Bitcoin Ordinals make their way to the mainstream. This time around, it is as a result of DeGods, the largest NFT collection on the Solana blockchain (which subsequently moved to Polygon), announcing its very own Bitcoin Ordinals NFT collection. DeGods NFT Auctions For 3.2 BTC The DeGods team seems to have gone in the same direction as the Yuga Labs Bitcoin Ordinals NFT collection, opting to use the auction method that Yuga employed. However, unlike Yuga, the DeGods Ordinals collection is made up of 535 never released and very rare…
[ad_1] Meme coins PEPE and FLOKI are finally making their way onto Binance after an impressive run. Both communities have in the past called for the crypto behemoth to list the tokens but the exchange has been quiet about possible listings, until now. PEPE And FLOKI Make It To Binance The world’s largest crypto exchange Binance has taken another step toward supporting meme coins as it announced new listings for two of the largest meme coins in the world. In a post on its official website, Binance revealed that Twitter’s new favorite meme coins PEPE and FLOKI will be listed…
[ad_1] Ripple is a cryptocurrency firm that has been on the radar of United States regulators for years and its native token XRP has suffered greatly for it. However, despite the legal battle with the US Securities and Exchange Commission (SEC), Ripple has not backed down and it looks like investors are increasingly bullish on the cryptocurrency. Ripple’s Q1 Report Exceeds Expectations In a Q1 report that was posted by Ripple titled ‘Q1 2023 XRP Markets Report’, there has been tremendous growth for the firm in the first three months of 2023. The first thing that stands out from this…