Is the bottom in? Data shows Bitcoin derivatives entering the ‘capitulation’ zone
A key risk indicator for BTC options hit its highest level in 6 months, possibly signaling that $32,930 was the bottom. Go to Source Powered by WPeMatico
Ethereum
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Bitcoin, Ethereum Technical Analysis: BTC Bounces Back After Monday’s Selloff
Following Monday’s selloff, cryptocurrency markets mostly rebounded across the board, with bitcoin and ethereum prices rallying by as much as 10%. Overall the global crypto market cap was over 6% higher from yesterday’s session. Bitcoin Bitcoin, which fell to an intraday low of $33,184.06 during yesterday’s session, was up close to 9% as of writing, … Read more
Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows
Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current monetary easing policy and raising the benchmark interest rate. Economists and market analysts fear the hawkish Federal Reserve will tighten markets too fast after the … Read more
Green shoots? Institutional crypto funds see first inflows in 5 weeks
Nearly $14 million has been returned to BTC institutional funds over the past week, but Ethereum-based products are still seeing major outflows. Go to Source Powered by WPeMatico
Price analysis 1/24: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Month Low
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which … Read more
Fantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain
The total value locked (TVL) in decentralized finance (defi) protocols has lost 6.8% during the last 24 hours as crypto markets have experienced more losses. However, the Fantom blockchain has seen a TVL increase, jumping 46.62% over the last week. Fantom has managed to knock Binance Smart Chain (BSC) down a notch, as it now … Read more
How to pick or analyze altcoins?
Before investing in altcoins, you should look into the project’s whitepaper, demand-supply elements, team and stakeholders behind the project. Go to Source Powered by WPeMatico
Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year
The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the TVL is around $201.55 billion. TVL in Defi Loses $54 Billion in 2 Weeks While digital currency markets shed significant value during the last two … Read more
Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce
A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70. Go to Source Powered by WPeMatico