Bitcoin Technical Analysis: BTC Sees Subdued Trading Amid Bearish Signals

Bitcoin Technical Analysis: BTC Sees Subdued Trading Amid Bearish SignalsAs of April 26, 2024, bitcoin continues to exhibit fluctuating fortunes, with the latest trading session closing at $64,095. Amid a wider range between $62,923 and $65,069 over the last 24 hours, traders are grappling with mixed signals across various technical charts and indicators. Bitcoin Bitcoin’s oscillators are predominantly neutral with the relative strength (RSI) […]

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Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at $319M

Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at $319MOn Thursday, the newly launched Runes protocol token named “DOG•GO•TO•THE•MOON” climbed to the pinnacle of Runes-based tokens in trade volume across non-fungible token (NFT) marketplaces, including Okx’s NFT market and Magic Eden. In 24 hours, the token amassed approximately $13.20 million in trade volume between these two platforms and now boasts a market capitalization of […]

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Bitwise: Bitcoin Will Have ‘a Great Next 12 Months’

Bitwise: Bitcoin Will Have 'a Great Next 12 Months'Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its […]

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Ethereum Technical Analysis: ETH Consolidates After Testing Key Resistance Levels

Ethereum Technical Analysis: ETH Consolidates After Testing Key Resistance LevelsAs ethereum continues to navigate a period of significant price fluctuations, traders are keenly observing a variety of technical signals from the 1-hour, 4-hour, and daily charts. The combination of oscillators and moving averages provides a nuanced view of potential entry and exit points. Ethereum The 1-hour chart for ethereum (ETH) reveals notable fluctuations, with […]

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Bitcoin Technical Analysis: BTC Bulls Attempt to Push Prices Higher Post-Halving

Bitcoin Technical Analysis: BTC Bulls Attempt to Push Prices Higher Post-HalvingAs bitcoin fluctuates within a defined range, Monday’s technical analysis reveals a mixed bag of signals from oscillators and moving averages. Traders face a nuanced landscape on April 22, 2024, as various charts suggest both caution and opportunity. Bitcoin Bitcoin’s (BTC) price today stands at $65,974, with a 24-hour trade volume of $19.6 billion and […]

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NFT Sales Dip by Over 25% as Bitcoin Dominates a Cooling Market

NFT Sales Dip by Over 25% as Bitcoin Dominates a Cooling MarketRecent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […]

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Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan Disagrees

Deutsche Bank Expects Bitcoin Price to 'Stay High' After Halving — JPMorgan DisagreesJPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […]

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Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets

Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific MarketsIn the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden. The Runes Economy Has Been Born Since their […]

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Bitcoin Technical Analysis: BTC Faces Volatile Day of Trading and Complex Dynamics

Bitcoin Technical Analysis: BTC Faces Volatile Day of Trading and Complex DynamicsAs bitcoin navigates a tumultuous trading range between $60,022 and $65,430, market analysts scrutinize oscillators and moving averages for future price direction clues. The cryptocurrency’s price hovers at around $65,110 on April 19, 2024, reflecting a volatile day for traders after the escalating conflict in the Middle East and ahead of the halving. Bitcoin Bitcoin’s […]

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Plan B Predicts Repeat Performance Post-Bitcoin Halving Amid Mixed Analyst Forecasts

Plan B Predicts Repeat Performance Post-Bitcoin Halving Amid Mixed Analyst ForecastsAt block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator of the stock-to-flow (S2F) price […]

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