Category: NewsBTC

NewsBTC: Solana Bulls Defends $10; Here Is Why This Is Good For Bulls

SOL’s price bounces off key support of $10 as price rallies to a high of $14 as bulls feel a measure of safety.  SOL’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious.  SOL’s price bounces from a low of $11 on the daily timeframe as the price looks weak, trading below 50 and 200 Exponential Moving Average (EMA) Solana (SOL) has had a rough start this month, with the price action not looking nice after suffering a drastic price decline from a region of $35 to $11 due to the FTX...

NewsBTC: XRP Price Prediction: Why The Bulls Could Aim Fresh Rally To $0.45

Ripple remained well bid above the $0.35 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.45 level. Ripple started a decent increase from the $0.32 support zone against the US dollar. The price is now trading above $0.350 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if it clears the $0.400 resistance zone. Ripple Price Eyes Fresh Increase After a...

NewsBTC: Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,250

Ethereum started a decent recovery wave above $1,180 against the US Dollar. ETH could start a fresh decline if it stays below the $1,250 resistance. Ethereum struggled to gain pace for a move above the $1,230 resistance level. The price is now trading above $1,170 and the 100 hourly simple moving average. There is a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if there is no clear move above $1,230 and $1,250. Ethereum Price Faces Rejection Ethereum price started a recovery wave...

NewsBTC: Bitcoin Price Faces Rejection, Why BTC Could Resume Its Downtrend

Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $16,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if it breaks the $16,000 support zone. Bitcoin Price Struggle Continues Bitcoin price attempted a recovery wave from the $15,500...

NewsBTC: Dogecoin Holds $0.08 Against All Odds; Here is Why This Will Favor DOGE Army

DOGE’s price continues to show strength as the price hold above the key region of $0.08 as bulls aim to go higher.   DOGE’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious.  DOGE’s price bounces from a low of $0.07 on the daily timeframe as the price moves with eyes set on recapturing price above the 50 Exponential Moving Average (EMA) Dogecoin (DOGE) continues to display a better price action than in recent times than Bitcoin (BTC) as the price reclaims the support of $0.08 and eyes a further rally to a...

NewsBTC: Bitcoin Shakes Off the Bears and Aims for $20,000 By End Of Year, Can It Make It?

Bitcoin remains rangebound, hovering around its yearly lows, with some short timeframe bullish momentum. The cryptocurrency suffered amid the FTX’s collapse and the subsequent contagion, but market participants seem more optimistic about potential profits.  Related Reading: Data Signals Major Red Flag As Chainlink (LINK) Rises 8% Over Last 7 Days As of this writing, Bitcoin has retraced back to yesterday’s highs. The BTC’s price is trading at $16,500 with sideways movement across the board. Other cryptocurrencies in the top 10 by market cap display similar price action. XRP remains the best-performing asset on the ranking.  Bitcoin Sentiment Improves On The...

NewsBTC: Bitcoin Capitulation Deepens As aSOPR Metric Plunges To Dec 2018 Lows

On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almost 4 Years Ago As pointed out by an analyst in a CryptoQuant post,  the current capitulation is deeper than during both the 2015 bear and the COVID crash. The “Spent Output Profit Ratio” (or the SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a loss or at a profit right now. When the value of this metric is greater than 1, it...

NewsBTC: Ethereum Price Reclaims Demand Zone Of $1,200 – Here Are Levels To Watch

ETH price reclaims demand zone of $1,200 as the price aims to trend higher Price continues to look bearish with the market’s current state, as most traders and investors remain cautious  ETH price bounces from a low of $1,100 on the daily timeframe as it eyes a recapture of $1,300 above the 50 Exponential Moving Average (EMA) Ethereum (ETH) continues to display a better price action than Bitcoin (BTC) as the price reclaims the demand zone and eyes a further rally to a region of $1,300 if the crypto market remains calm ahead of a monthly close. Despite the relief...

NewsBTC: Survey Suggests Institutional Investors Still Interested In Crypto

The crypto market is undergoing one of its lowest cycles since the turn of the year. Some crypto forecasts predicted a more positive outlook for the crypto market for November. However, events changed things negatively. The U.S. Federal Reserve (Fed) held onto the rates hike, and FTX’s collapse further plunged the market into chaos. After recent events, investors withdrew most of their crypto holdings from FTX and other major exchanges. Related Reading: Chainlink Rally In Social Activity Hits ATH Of 44,173 – Will LINK Price Climb As Well? Institutional Investors Increase Crypto Holdings According to a Coinbase report in the...

NewsBTC: Data Signals Major Red Flag As Chainlink (LINK) Rises 8% Over Last 7 Days

With a price increase of 8% over the last seven days, Chainlink (LINK) is currently one of the best performers on the crypto market, behind Litecoin (LTC) and BNB. Remarkably, the trading volume of LINK has dropped 20% in the last 24 hours to just $389 million. Chainlink was trading at $6.66 at press time, showing a restrained bounce from the bottom of a channel that LINK has been in since early May. The lower bound of the channel is at $5.35, while key resistance for the LINK price is currently at $9.52. At the current price, LINK is hovering...

NewsBTC: Bitcoin Trades Above $16,500 – Could This Be A Bear Trap?

BTC’s price lost its all-time high of $18,000 as FTX fiasco continued to affect its price  Price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors  BTC’s price bounces from a low of $15,500 on the daily timeframe as the price reclaims the 50 Exponential Moving Average (EMA) The past few days for Bitcoin (BTC) have been rosy, with the price rallying from a low of $15,500 to a high of $16,500, with altcoins enjoying some relief bounce across the crypto market. Despite the relief for the price of Bitcoin (BTC),...

NewsBTC: Polkadot Soars 8% In Last 24 Hours Courtesy Of Its Dev’t Activity, NFT Ecosystem Growth

With the use of relationships with parachains, Polkadot will be able to expand its ecosystem’s capabilities and reach new heights. Moonbeam Network and its subsidiary, Moon River, have joined forces with Bifrost recently. There’s hope for Polkadot, and here’s a quick article at how the crypto has been faring: The DOT’s price went up because of some major changes on the chain. However, according to the indicators, the negative outlook remains intact. Based on a recent tweet, the integrations have not only enabled liquid staking for GLMR and MOVR tokens, but they have also caused a dramatic increase in developer...

NewsBTC: Dump Incoming? Rogue BTC-e Sends $165 Million In Bitcoin To Personal Wallets And Exchanges

After a year of near dormancy, Bitcoin funds of the rogue exchange BTC-e are on the move again. Chainalysis, an American blockchain analysis firm headquartered in New York City, is reporting that 10,000 BTC, worth about $165 million, have been transferred. The destination of the transactions are personal wallets, exchange deposit addresses and other services. Remarkably, the transfer is the largest withdrawal since April 2018. BTC-e was a crypto exchange that was founded in July 2011 and shut down in 2017 as a result of a joint investigation by the U.S. Secret Service and the FBI. According to the allegations,...

NewsBTC: Top 3 Altcoins Performers For The Week – LTC, CRV, ZEC

The crypto market keeps getting touchy and challenging for most crypto traders and investors, with the market being hit virtually every week with bad news that sends the price of most altcoins to their weekly lows. Recently, the price action displayed by many altcoins has been problematic as many altcoins battle for survival. The Domino effect of the FTX saga and other huge investors involved has left the market at a standstill as the market is yet to make a major move after previous weeks. Here are the top 3 altcoins that have performed better during the week. (Data from...

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