Mid-May NFT Sales Drop by 8.97%, Top 4 Chains See Reductions

Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In February, from […]

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Bitcoin Technical Analysis: BTC Bulls Eye $68K After Surpassing Key $66K Resistance

Bitcoin Technical Analysis: BTC Bulls Eye $68K After Surpassing Key $66K ResistanceAs of May 17, 2024, bitcoin’s price stands at $66,303 with a market capitalization of $1.30 trillion and a 24-hour trading volume of $28.43 billion. Technical indicators from multiple time frames suggest a potential continuation of the bullish trend, albeit amidst notable market volatility. The convergence of moving averages and oscillators signals a strong upward […]

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Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible Reversal

Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible ReversalAs of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum The ETH/USD daily chart indicates a prevailing […]

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Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery

Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of RecoveryAs of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156. Despite a recent 2% uplift, bitcoin remains down by 3.6% over the […]

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Peter Schiff: Gold, Silver ‘Ready to Explode Higher’ — Sees ‘Biggest Precious Metals Bull Market in History’

Peter Schiff: Gold and Silver 'Ready to Explode Higher' — Sees 'Biggest Precious Metals Bull Market in History'Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from spot bitcoin exchange-traded funds (ETFs) to “soon put significant downward pressure on bitcoin.” […]

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NFT Sales See Week-Over-Week Decline as Market Continues to Cool

NFT Sales See Week-Over-Week Decline as Market Continues to CoolNon-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […]

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Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

Bitcoin Technical Analysis: Bulls Seek to Regain Upward MomentumAs of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments. Bitcoin Bitcoin’s (BTC) […]

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BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up

BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-UpOn May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges on Thursday, with its […]

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TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden

TRUMP and BODEN Coins Soar Following Trump's Crypto Endorsement and Critique of BidenFollowing the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over the past day. TRUMP Coin Jumps 35%, BODEN Up 16% After Trump’s Crypto Advocacy At […]

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Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto

Standard Chartered: Second Trump Term Would Be 'Broadly Positive' for CryptoStandard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment after cautioning that bitcoin’s price could drop to the $50K range. Standard Chartered on Trump and Crypto Standard […]

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