Bitcoin recently saw a surge in its price, surpassing $66,000 for the first time since April. This sudden increase in value has been attributed to a variety of factors, one of which includes the release of the Consumer Price Index (CPI) inflation data. The CPI data, announced on May 15, came in lower than expected,
Technical Analysis
The recent surge in the price of Bitcoin to a new all-time high of $73,000 in 2024 has sparked excitement among investors and crypto enthusiasts alike. The renowned crypto analyst, BitQuant, has once again made headlines with his latest prediction for the future price of Bitcoin. According to BitQuant, the cryptocurrency is poised to reach
The Ethereum (ETH) options market for June is currently showing a notable interest in higher strike prices, particularly those exceeding $3,600. Traders seem to be focusing on call options surpassing this price level, indicating a bullish sentiment towards Ethereum’s near-term trajectory. Among these optimistic bets, the most favored strike price appears to be a lofty
Crypto analyst Ali Martinez recently discussed the potential future of Bitcoin, pinpointing the importance of the flagship cryptocurrency reaching $76,000. According to Martinez, if Bitcoin fails to reclaim $64,290 as support, there is a risk of a significant drop in price, possibly revisiting levels last seen at the beginning of the year. The analysis is
Bitcoin, the leading cryptocurrency, has been experiencing a downward trend since hitting its all-time high back in March. This decline has triggered a shift in market sentiment among crypto traders, with the once popular buy-the-dip strategy losing its appeal. As observed by the crypto analytics platform Santiment, the excitement around purchasing ‘cheap’ Bitcoin seems to
The Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, has recently raised eyebrows in the crypto community by making significant transfers of ETH. On May 8, the Foundation transferred 1,000 ETH (equivalent to $3 million) to a middle multi-signature wallet (0xbc9). This transaction has caught the attention of the crypto community and sparked speculations
When it comes to analyzing the buying opportunities in the cryptocurrency market, analytics firm Santiment has pointed out that Cardano (ADA) is currently showing a slightly better opportunity compared to other top coins. Santiment recently discussed the performance of the top assets in the cryptocurrency sector based on the Relative Strength Index (RSI). The RSI
The recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The report reveals a significant dip in profitability for ADA holders compared to other cryptocurrencies like Bitcoin and TRX. Only 35% of Cardano holders are currently seeing gains, which raises questions about the underlying challenges faced
Bitcoin (BTC) experienced a significant price drop over the weekend, plunging to $60,850 before partially recovering to around $64,500. This sudden price movement has caused a stir within the crypto community, leading many to speculate on the future direction of Bitcoin. Veteran trader Peter Brandt, renowned for his keen eye on market patterns, has weighed
Recently, the price of Cardano (ADA) has experienced a significant decline after reaching a 23-month high of $0.808 on March 11. The price has dropped by over 28%, with ADA now trading just below the $0.60 level. This decline has caused Cardano to slip to the 10th position among the largest cryptocurrencies by market cap,