Top 5 cryptocurrencies to watch this week: BTC, FLOW, THETA, QNT, MKR
Select altcoins such as FLOW, THETA, QNT, and MKR could rally if Bitcoin breaks above the stiff overhead resistance at $24,668. Go to Source Powered by WPeMatico
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2 metrics signal the $1.1T crypto market cap resistance will hold
Despite a handful of the top-80 coins gaining 12% or more over the past week, Tether’s premium in Asia and futures markets activity show buyers lacking confidence. Go to Source Powered by WPeMatico
Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move. Go to Source Powered by WPeMatico
BNB rallies 39% despite smart contract deposits dropping 28% — should investors be worried?
BNB Chain’s total value locked dropped more significantly than its competitors, but the network’s decentralized applications are not fading out. Go to Source Powered by WPeMatico
Senator Warren proposes reducing Wall Street’s involvement in crypto
Warren’s letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.” Go to Source Powered by WPeMatico
ENS Domain Registrations Skyrocketed Last Month, Total Names Created Nears 2 Million
The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the month. ENS Registrations … Read more
3 key Ethereum derivatives metrics suggest $1,600 ETH support lacks strength
Data shows Ethereum options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope. Go to Source Powered by WPeMatico
Price analysis 8/3: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins are witnessing buying near strong support levels, indicating a bullish sentiment. Go to Source Powered by WPeMatico
Bitcoin bulls aim for $25K price on Friday’s $510M options expiry
BTC price has been gaining momentum as it nears $24,000, and this week’s options expiry could help bulls profit $200 million. Go to Source Powered by WPeMatico
Bitcoin derivatives show a lack of confidence from bulls
High correlation to stock markets and recession risks limit optimism on the part of BTC investors. Go to Source Powered by WPeMatico