Bitcoin price is currently consolidating above essential support levels, indicating the possibility of a potential recovery. Despite facing a significant resistance zone, BTC has managed to maintain its position above key support levels. Bitcoin is currently trading in a range above the $25,650 support zone, which serves as a crucial level for the cryptocurrency. BTC
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The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has brought significant attention to the XRP token. Many have speculated about Ripple’s ability to control the price of XRP. In the midst of this debate, crypto analysts have shared their opinions on the matter. However, it is essential to critically
Elon Musk, the renowned tech entrepreneur, has been making headlines with his interest in the world of cryptocurrencies. In a surprising revelation, a forthcoming biography unveils Musk’s discreet funding of the development of Dogecoin, a popular meme coin. This disclosure sheds light on the significant influence Musk has had on the cryptocurrency’s rise in popularity.
The crypto market has recently lost its once vibrant allure, as bitcoin futures trading volume has dried up and the flagship cryptocurrency struggles to stay afloat. Data from Glassnode reveals that bitcoin futures open interest, a measure of the excitement surrounding upcoming contracts, has plummeted to a 5-month low of $11.3 billion. It appears that
Over the past 48 hours, the XRP market has experienced a significant influx of large-scale transactions, capturing the attention of the crypto community. According to Whale Alert, a blockchain tracker, a total of over a billion XRP was involved in these transactions on September 1. The revelations shared by Whale Alert on social media platform
The Sui Network, known for its rapid growth and strong community support, is about to experience a significant event. On September 3rd, a massive number of SUI tokens worth approximately $18.7 million will be unlocked. This unlocking event could potentially have implications for the market dynamics of the altcoin in the coming days. In this
In the intricate dance of global finance, the relationship between traditional economic indicators and the burgeoning Bitcoin and cryptocurrency market is becoming increasingly intertwined. Recent macroeconomic data from the US suggests a cooling economy, which could have profound implications for Bitcoin and other cryptocurrencies. This article delves into the potential impact of a cooling US
After the recent legal victory of Ripple Lab against the US Securities and Exchange Commission (SEC), XRP experienced a decline, testing its 4-month support line at $0.4240. However, the cryptocurrency has displayed resilience by reclaiming its important psychological level of $0.50 and reentering its previous consolidation or accumulation zone. This renewed stability has ignited optimism
Bitcoin exchange netflow analysis shows a recent trend of negative values, indicating that investors have been withdrawing their coins from exchanges. The exchange netflow metric, which measures the net amount of Bitcoin moving into or out of centralized exchange wallets, is calculated by subtracting outflows from inflows. Positive values suggest that more coins are moving
Binance, one of the largest cryptocurrency exchanges, recently made an announcement stating its decision to halt 39 liquidity mining pools due to their failure to pass the platform’s latest assessment. These pools will cease operation on September 1, 2023, as a result of their underperforming liquidity mining performance. Binance Liquid Swap periodically reviews listed liquidity