[ad_1] After hitting $43,000 last week, Bitcoin traded just below it over the weekend. But the price of the cryptocurrency dropped significantly on Tuesday, reaching $41,800. Following Bitcoin’s December surge, investors chose to take profits, which led to this fall. There was a significant decline the night before, with Bitcoin momentarily falling as low as $40,300. Due to the decline, the top cryptocurrency in the world had almost a week’s worth of gains erased in only 20 minutes on Sunday night. According to statistics from TradingView, Bitcoin saw a dramatic 7% decline at approximately 9:00 p.m. Eastern Time, falling from…
Author: Christian Encila
[ad_1] Recent patterns indicate that the impetus fueling Ethereum’s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown resilience. Ethereum may not be as advanced as some of its L1 competitors, but it stands out from the crowd thanks to its large developer community, immense acceptance, and crucial role in DeFi and other blockchain-based applications. Ethereum Remains Firm At $2,347 At the time of writing, ETH was able to keep a strong footing at the $2,300 level, trading at $2,347, nearly unchanged in the last 24 hours, but tallied a 10% increase in the last…
[ad_1] The market performance of Ethereum has been steadily rising since October, marking a positive and long-lasting trend. Increased buying activity has been the main driver of this positive momentum that has persisted over time, pushing the cryptocurrency beyond the vaunted $2,000 resistance mark and igniting a continuing rally. The value of Ethereum has sharply grown as a direct result of this increased demand and market optimism, with its sights set on breaking through the crucial resistance region at $2,300. This upward trend serves as another evidence of the increasing investor trust and general bullishness surrounding Ethereum, thereby solidifying its…
[ad_1] BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. ORDI, the biggest of the BRC-20 tokens, is pulled up by BTC’s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $32.42, it’s new all-time high. This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls. $39K Barrier Broken: What’s Next? The market is encountering a slight rally with Bitcoin gaining momentum on the legal side of things. The US Securities and Exchange…
[ad_1] In a month marked by heightened volatility, Apecoin (APE) has been a battleground for bulls striving to prevent a dip below the crucial $1 mark. This tug-of-war between bulls and potential downward pressure underscores the intense market dynamics surrounding Apecoin, leaving investors on the edge as they monitor the crypto’s price movements in this volatile November landscape. The latest data from the spot market reveals a resolute stance from bullish traders, as orders for more than 11 million APE tokens have beern strategically placed around the current price. APE has increased by 30% to surpass $1.70 following a decline…
[ad_1] Renowned cryptocurrency analyst Dark Defender, with a substantial following of nearly 100,000 individuals on platform X, has drawn attention to the emergence of a “cup and handle pattern” in the daily time frame of the cryptocurrency XRP. Based on his analysis, provided that the token maintains a closing price above the support level of $0.604, XRP has potential for a positive upswing towards the price goals of $1.05 and $1.88. Although Dark Defender’s projection has all the bullish elements to give XRP some badly needed boost in price, another analyst’s estimation also provides a great deal of importance. Hi…
[ad_1] The merging of blockchain technology with the prowess of AI (artificial intelligence) has paved the way for groundbreaking initiatives. Among these, Bittensor (TAO) stands out as a cutting-edge protocol specifically developed for the advancement of machine learning models. This dynamic synergy between blockchain and AI not only underscores their capabilities but also heralds a new era of collaborative innovation. Bittensor (TAO), a cryptocurrency centered around artificial intelligence, has made notable traction in the trending altcoin space. Its value surged nearly fivefold in under 30 days, riding the wave of excitement around AI-focused cryptocurrencies. AI Crypto TAO Makes Presence Felt This…
[ad_1] Fidelity, a prominent asset management firm with over $4.5 trillion in assets under management, has formally submitted an application for the establishment of a Spot Ethereum Exchange-Traded Fund (ETF). The decision is a response to the recent action taken by BlackRock, an asset management company, which submitted their application for an Ethereum Exchange-Traded Fund (ETF) last week. Fidelity Is 7th On The List Fidelity Investments has recently positioned itself as the seventh asset management in the United States to pursue the aforementioned product. Based on the SEC’s Form 19b-4 filing, the Fidelity Ethereum ETF is called the “Fidelity Ethereum…
[ad_1] A mysterious wallet surfaced from the shadows and masterminded a significant transfer of 17,895,970 MATIC—which translates to a staggering $14.7 million—directly into Coinbase, in a crypto twist that sent shockwaves through the digital landscape. The surge in significant transaction volume has caused the MATIC price to rise above $0.80 for the first time since July. The market capitalization of MATIC has grown by 62% during the last four weeks due to increased turnover and acquisition by whales. MATIC Mysterious Financial Maneuver Unveiled During this enigmatic financial maneuver, the cryptocurrency universe witnessed Polygon’s MATIC token commence a bullish journey. It…
[ad_1] Chainlink (LINK) has been a topic of significant discussion among cryptocurrency enthusiasts lately, particularly after the insights shared by the pseudonymous analyst Rekt Capital on the social media platform X. Rekt Capital’s recent statement about Chainlink’s shift into the bull territory following an extended period of sideways movement has captured the attention of market observers. $LINK The Macro Downtrend is over The Macro Range is over And a new Macro Uptrend has begun#LINK #Crypto #Chainlink pic.twitter.com/E2VHgclnYL — Rekt Capital (@rektcapital) November 4, 2023 According to the information provided, the current price of Chainlink stands at $12.86, experiencing a noteworthy…