Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
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Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold correlation shows
The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.
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Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3
The bearish outlook appears also as Cardano’s daily relative strength index (RSI) reflects overbought sentiments. However, euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin keeps the upside hopes intact.
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XRP chart triggers sell-off warning after price explodes by 54% in one week
XRP price has bounced back from its July lows but some indicators are starting to suggest that the rally is due for a pullback.
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Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar
The dominance of Bitcoin transactions of values above $1mm doubled year-over-year, hinting at a rising institutional involvement in the cryptocurrency space.
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Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA
BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs.
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Klaytn death cross debut coincides with a 57% KLAY price pump
Klaytn bulls ignored a deadly moving average crossover after assessing KLAY’s upcoming listing on Binance.
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Polkadot price soars 37% after Coinbase Pro DOT listing, first parachain auction
Polkadot emerged as one of the best-performing tokens week-to-date as traders’ focus shifted on DOT’s listing at Coinbase Pro and Kusama’s first-ever parachain auction, set to go live on Tuesday.
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Aave (LEND) Staking Proposal Could Extend DeFi Token’s 600% Rally
Aave’s LEND token continues to rally after DeFi protocol introduced staking rewards in its Aavenomics proposal.
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Bitcoin Price Rejects $7K but Tone Vays Says 75% Chance BTC Bottomed
Tone Vays is increasingly confident that Bitcoin will not seek to put in new lows under $3,800
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