Upside capped at $980B total crypto market, according to derivatives metrics
A bearish formation in the total market capitalization chart has been gaining strength after two failures to break its resistance level. Go to Source Powered by WPeMatico
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What remains in the NFT market now that the dust has settled?
From profile pictures to celebrity endorsements, NFT space has changed a lot since the market boom in 2021. Go to Source Powered by WPeMatico
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a great majority of the top crypto assets are … Read more
Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says
Alessio Rastani, a cryptocurrency analyst and trader, shares his outlook on crypto, stocks and the forex market for the next weeks. Go to Source Powered by WPeMatico
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) … Read more
Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT
Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in. Go to Source Powered by WPeMatico
Bitcoin profitability for long-term holders decline to 4-year low: Data
The decline in profitability for long-term holders reached a level last seen during the peak of the bear market in 2018. However, the market bottomed and bounced back during the previous cycle. Go to Source Powered by WPeMatico
Pro traders don’t expect Bitcoin to break and hold $20,000 anytime soon
Bears have controlled BTC price by forcing 111 daily closes below $25,000 and derivatives data shows a reversal of this trend is highly unlikely. Go to Source Powered by WPeMatico
US Treasury yields are soaring, but what does it mean for markets and crypto?
The 10-year U.S. Treasury yield recently hit its highest level in 12 years, but how might this impact investors’ sentiment toward stocks and cryptocurrencies? Go to Source Powered by WPeMatico
Price analysis 9/28: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
BTC price caught a bid, leading to a similar-sized boost in select altcoins, but on a macro level, $20,000 remains a strong overhead resistance. Go to Source Powered by WPeMatico