Ethereum price analysis: ETH continues to decline, $2,400 support broken
Ethereum price analysis is bearish today as we have seen a further decline over the last 24 hours, leading below the $2,400 mark over the last hours. Likely the bearish momentum will continue even further, with the next major target at $2,300. The market has seen a lot more downside continued to be tested over […]
Bitcoin, Ethereum, Tron, and Near Protocol Daily Price Analyses – 9 May Morning Price Prediction
The performance of the global crypto market has seen no improvement as the downward journey continues. The freefall situation has affected all the major coins of the market, including Bitcoin, Ethereum, and other significant names. The sweeping change has affected these coins without providing any chance to improve. The consistent negative changes have affected the […]
Traders’ sentiment goes severely negative as Bitcoin tanks below $33k
The cryptocurrency market now seems to be in turmoil following the extended decline in the price of the largest cryptoasset, Bitcoin (BTC), below the $33,000 price area. This market condition has also severely impacted traders’ sentiment toward Bitcoin, according to a report from Santiment, a crypto on-chain and social metrics platform. Bitcoin down 32% in […]
The Central African Republic chastised for adopting Bitcoin
The governor of the Bank of Central African States (BEAC) has penned a scathing letter to the Central African Republic (CAR) regarding its decision to embrace bitcoin and other cryptocurrencies. The Governor of the BEAC, Abbas Mahamat Tolli, wrote a letter to CAR Finance Minister Hervé Ndoba, saying that the “devastating” economic effects of the […]
Binance initiates legal actions against fake ads promoters in Turkey
It’s no news that Turkey sees a notable increase in interest in digital currencies. However, this has also drawn the attention of scammers to the local market. Scammers in Turkey have been found to launch numerous billboards advertising fake Binance-themed offerings in an attempt to profit off the exchange’s reputation in the country and at […]
NFTs suffers decline as weekly volume dips
NFTs have experienced a shocking awakening in the last 24 hours after recording a massive decline in the market. Just days ago, there was news about a crash in the general market of about 92% in cumulative value. The fairytale NFT market is presently on the road to normalcy, following the massive hype last year. […]
Polkadot price analysis: DOT breaks down as bulls fail to hold the $13.00 support level
The Polkadot price analysis shows that the asset’s price action was rejected at the $14.50 mark and is headed back towards the $12.50 support level as the bears take over. The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include […]
Bankless crypto channel cheery after restoration from Youtube ban
The Bankless crypto channel on youtube was restored after being banned for a short time without any explanation. Bankless, which boasted 150,000 YouTube followers for its Ethereum-focused newsletter and podcast, said it had been suspended from the network without warning or explanation. The channel, which has over 10,000 hours of material and included people, including […]
Bitcoin, Binance Coin, Theta Fuel, and Icon Daily Price Analyses – 8 May Roundup
The performance of the global crypto market hasn’t been impressive over the last 24 hours as the losses for it have increased in value. Though the losses had begun to decrease, the process has reversed, and it is again facing a difficult situation. The dilemma for Bitcoin hasn’t changed as it is at the forefront […]
Ripple price analysis: XRP rejects downside at $0.56, sharp retracement incoming?
Ripple price analysis is bullish today as we expect the several-day decline to have ended after a slowdown and rejection for further downside at $0.56. XRP/USD is likely ready to reverse and retrace some of the loss early next week. The market has traded in the red over the last 24 hours. The leader, Bitcoin, […]
DOGE’s weak situation: Breaking its 100-days moving average
TL;DR Breakdown Dogecoin has decrease by half of its value in the month of June alone. There is hardly any green candle in the charts and Bitcoin is barely holding it together. The coin has broken its 100-day moving average and moving towards 200-day MA. The Crypto market has been in a very confusing condition […]
Fantom price analysis: FTM/USD to break below the $1.903 support
TL;DR Breakdown The price has been lowered to $2.038. Fantom price analysis favors the bears. Support is still stable at $1.903. The latest Fantom price analysis indicates that the day is becoming a bearish trend, as more selling activity has been observed for several days. Despite the fact that the bull’s attempt to come back […]
Vietnam has the highest number of crypto holders – Finder poll
TL;DR Breakdown A recent survey was conducted by Finder, a website that compares various products in over 27 nations. The aim was to find out the nation that had the highest number of crypto holders. The poll shows that Vietnam tops the list as the nation with the highest number of crypto holders. The survey engaged […]
Bitcoin, Ethereum, Algorand, and Uniswap Daily Price Analyses – 8 May Morning Price Prediction
The situation for the global crypto market hasn’t seen improvement in the recent hours as metrics tell the same story. Though the performance of some minor coins has improved, indicating an increase in the value of the global market cap, the remaining market remains bearish. An indication of the continuing bearish trend is the performance […]
Stellar price analysis: Bullish momentum pushes XLM past $0.37 barrier
TL;DR Breakdown Green candlesticks are dominating the charts in today’s analysis. Stellar price analysis shows a resistance of $0.38. Considerable amount of support is detected at $0.317. As per the latest Stellar price analysis, the bullish uptrend is ruling the market, with a greater number of green candlesticks seen on the chart. Although the past […]
Ethereum Classic (ETC) shields important support levels
TL;DR Breakdown The entire crypto market is down as Bitcoin rebounds to $34k. Ethereum Classic started to rise today, trying to reach higher. ETC volumes were at all-time low when the price movement went higher. While the majority of the crypto market is breached their crucial support levels, Ethereum Classic has started an uphill battle […]
Bitcoin price analysis: BTC swiftly spikes to $34,500, retracement next?
Bitcoin price analysis is bullish today as we expect recovery to follow after another spike lower overnight leading to the next support at $34,500. Therefore, bears should be exhausted, and BTC/USD move for a significant retracement. The market has dropped even further over the last day. The leader, Bitcoin, lost 4.03 percent, while Ethereum a […]
Ethereum price analysis: ETH breaks down further, ready to break past $2,500?
Ethereum price analysis is bearish today as we saw a strong drop lower again after consolidation yesterday. Therefore, more downside could follow past the $2,500 next support as selling pressure is still strong. The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 4.2 percent, while Ethereum 5.95 percent. […]
Portugal accepts payments in BTC for real estate purchases
As one of the most cultural countries in Europe, Portugal promotes cryptocurrencies. According to reports, the purchase of an apartment in Braga, north of the city, was completed for 3 BTC. Portugal relaxed its laws toward cryptocurrencies and promoted payments with tokens. This is not the first time real estate has been sold with cryptos […]
VeChain price analysis: VET rejected at $0.04600, downwards movement to follow
The VeChain price analysis shows that the asset’s price action was rejected at the $0.04600 mark and is headed back towards the $0.04500 support level as the bears take over. The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include […]
Conti: US government announces bounty on hackers
The United States has announced a $15 million bounty on information that will lead to the apprehension of the Conti ransomware group. According to the report, the government of the US has set aside two distinct rewards that will go out to help the cause. In the information provided, any individual that aids in locating […]
Binance suspends derivatives services in Spain
Binance has announced that it has suspended its derivatives services across Spain following an order by regulatory authorities. The exchange has become one of the most hardworking exchanges in recent months regarding regulatory approval. This is why it has continued to bag licenses upon licenses of operations in countries worldwide since the start of the […]
Filecoin price analysis: FIL holds above $13 amid a bearish run
Filecoin price analysis shows that the price of FIL/USD has followed a clear downtrend since hitting a high of $21.68 on April 19th. The cryptocurrency has lost over 50% of its value since then and is currently trading at $13.65. The digital asset is down by 3.76 percent in the last 24 hours as prices […]
Algorand price analysis: ALGO soars as bulls aim for the $0.75 handle
The Algorand price analysis is bullish for today as the price has increased by 4.43 percent as prices soar to $0.7126 after a correction from the lows of $0.6893. The market is currently trading between two important levels, $0.6796 and $0.7723, which are acting as resistance and support respectively. The Algorand price is currently facing […]
Chainlink price analysis: LINK loses value at $10.06
Chainlink price analysis shows a strong bearish market sentiment as prices lose value to touch $10.06. There is a lot of selling pressure in the market as LINK prices are down by 4.97 percent in the last 24 hours. The market seems to be losing steam and a further downtrend can be expected in the […]
Bitcoin, Binance Coin, Axie Infinity, and Flow Daily Price Analyses – 7 May Roundup
The performance of the global crypto market has taken another weird turn as it hasn’t been able to stay stable at a specific point. The changes in its value have been disconcerting for the investors because of the continuing bearishness as seen in case of Bitcoin and Binance Coin. The only difference is short-lasting bullish […]
Avalanche price analysis: AVAX/USD pair dips below $65
Today’s Avalanche price analysis shows a bearish trend gaining momentum with strong bearish possibilities. AVAX/USD is currently trading at $65, down 6.19% in the past 24 hours, with a trading volume of $607,256,088. The market capped yesterday in a crashing momentum and is opening today with hopeful bullish signs adding to yesterday’s crash below the […]
Axie Infinity Price Analysis: AXS/USD to spike to $150 next
TL;DR Breakdown AXS/USD value is now at $142.26. Axie Infinity price analysis is bullish today. Support is sufficient at $121.92. The price is swiftly increasing, as seen by the one-day and four-hour Axie Infinity price analysis. The bullish momentum appears to be gaining strength, and a sufficient increase in AXS/USD value can already be noticed. […]
Ripple price analysis: XRP trades below $0.60, more downside overnight?
Ripple price analysis is bearish today as we expect another drop lower to follow after consolidation below the $0.60 resistance. Likely XRP/USD will push towards the next support at $0.57 later in the weekend. The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 0.46 percent, while Ethereum 0.29 […]
Nvidia is willing to settle the charges with SEC
Nvidia was recently accused by the top US regulator, the SEC, of hiding the number of graphics cards sold for crypto-mining. According to reports, the company must pay around $5,500,000 to settle the charges. Since last weekend, the SEC would be launching these charges, but today they boomed in the virtual market. Nvidia has been […]
Bitcoin price analysis: BTC fails to move lower, push higher next?
Bitcoin price analysis is bullish today as we expect the current consolidation to end with a retracement. Likely BTC/USD will look to retest previous support as resistance at the $37,500 mark. The market has turned bearish over the last 24 hours. The leader, Bitcoin, lost 0.83 percent, while Ethereum 0.76 percent. Meanwhile, Terra (LUNA) is […]
Bitcoin, Ethereum, THORChain RUNE, and EOS Daily Price Analyses – 7 May Morning Price Prediction
The enhancement of the global crypto market is gradually realized as the gains for it have improved in value. Bitcoin has been especially successful in turning bullish as it has entered the bullish club. In contrast, Ethereum has been able to reduce its losses but hasn’t been able to turn bullish. It might take time […]
Solana price analysis: SOL prices rebound as the market sentiment turns positive at $81.34
The Solana price analysis for today shows a mixed market sentiment. The crypto surged to a high of $83 but found it difficult to break past this level. Prices have retraced to $81 but the market looks positive as bulls seek to push prices back up. The prices seem to be alternating between the $81 […]
Ethereum price analysis: ETH continues to consolidate above $2,650, slow retracement incoming?
Ethereum price analysis is bullish today as we expect the second retest of $2,650 to offer enough support for a reversal to follow. Therefore, ETH/USD should head higher and retrace some of the previous losses. The market has seen slight bearish momentum over the last 24 hours. The leader, Bitcoin, lost 0.08 percent, while Ethereum […]
Polygon price analysis: VET trade in a sideways channel as prices consolidate around $1.05
Polygon price analysis reveals MATIC prices opened today’s trading session trading at lows of 1.0215 before the prices surged to highs of 1.0752 in the early hours of the session prices have corrected lower and are currently trading at around 1.052 as bulls and bear battle for control of the market. Polygon prices have sought […]
WJXN price analysis: Just launched Wrapped Jaxnet token all set to breach $1.8 resistance zone
Tl;DR Breakdown WJXN price analysis reveals a minimal movement and a tight range. Wrapped Jaxnet Token is performing as expected with minor volatility. $1.7500 is emerging as a strong support zone. WJXN, or wrapped Jaxnet token, of the Jaxnet network, is up to a good start since the launch. The pair is trading in a […]
Imposing crypto ban not a solution to controlling criminal activities
TL;DR Breakdown The stance of many governments regarding cryptocurrencies remains unclear. Countries like China are starting to impose a crypto ban and cease mining farms. According to successful entrepreneurs, banning crypto to stop crime doesn’t make sense. Cryptocurrencies are being used in many countries for illicit activities. But, this doesn’t mean that every government should […]
Filecoin Price Analysis: FIL spikes to $70 overnight, ready to rally higher?
TL;DR Breakdown Filecoin price analysis is bullish for today. FIL/USD made another spike lower overnight. The $70 major support still holds. Filecoin price analysis is bullish today as another rejection for further downside was seen overnight, and the market has increased since then. Therefore, we expect FIL/USD to reach further upside later today. The overall […]
Uniswap price analysis: UNI/USD pair testing the previous support line at $7.2
Uniswap price analysis for today reveals Uniswap (UNI) has seen a slight pullback from its all-time highs set earlier this week, with the token currently trading around $7.50.Uniswap prices are likely to test the $6.96 support level in the near term before potentially resuming their uptrend. The immediate support for UNI/USD pair is seen at […]
Blender.io sanctioned in connection to Axie Infinity hack
Blender.io, a platform focused on providing mixing services in the crypto market, has been sanctioned by the US Treasury. According to the regulatory body, the Blender platform played a vital role in the successful hack of Ronin bridge and Axie Infinity some weeks ago. The hack, credited to be the handiwork of the famous group, […]
