Category: NewsBTC

NewsBTC: Solana Price Prediction: Why Upsides Could Be Limited in SOL

Solana tumbled below the $20 and $15 levels against the US Dollar. SOL price is now recovering, but upsides might be limited above $15 and $17. Sol price traded as low as $10.92 before it recovered a few points against the US Dollar. The price is now trading below $15 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $12.45 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could face a strong selling interest near $15 and $17 in the coming days. Solana...

NewsBTC: Ethereum Price Recovers But Bears Are Not Out Of The Woods Yet

Ethereum started a decent recovery wave above $1,150 against the US Dollar. ETH is now approaching a major hurdle near $1,230 and $1,250. Ethereum started an upside correction above the $1,120 and $1,150 resistance levels. The price is now trading above $1,150 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further towards $1,230, but the bears might take a strong stand. Ethereum Price Faces Hurdle Ethereum price formed a base above the $1,070 level and...

NewsBTC: Bitcoin Price Prediction: Recovery Just Getting Started or It’s Bull Trap?

Bitcoin price gained pace and was able to clear $16,500. BTC must settle above $17,000 to start a real recovery in the near term. Bitcoin started an upside correction and climbed above the $16,500 resistance. The price is trading above $16,400 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $16,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it settles above the $17,000 resistance zone. Bitcoin Price Recovers Bitcoin price formed a decent support base above the...

NewsBTC: Cosmos (ATOM) Rallies With Over 10% Gain As Indicator Shows Not In Safe Zone

ATOM’s price shows strength as price bounces off from a weekly low of $8.5 giving bulls some relief.  ATOM’s price continues to look bearish as more sentiment for the market lingers, with things looking uncertain for most traders and investors.  ATOM’s price rallies high on the daily timeframe as the price moves toward the 50 Exponential Moving Averages (EMA) price, looking less likely to break higher. The price action displayed by Cosmos (ATOM) recently hasn’t been motivating after prices declined from a region of $27 to a weekly low of $8.5. With many looking for a major dump in Bitcoin...

NewsBTC: Aave Price Recovers Back To $57, But Threat Of New Attack Looms Over Protocol

The Ethereum-based decentralized finance (DeFi) protocol Aave suffered an attack led by Avraham Eisenberg. The controversial individual was behind a sophisticated run against Mango Markets. The run has been called an attack by some and a clever strategy by others.  Related Reading: Ethereum Classic (ETC) Sees Over 7% Gains Amidst Crypto Market Recovery Aave (AAVE) trades at $57 with a 7% and 36% loss in the last 24 hours and the previous week, respectively. Curve Finance’s native token CRV was also part of the attack. This token has seen significant selling pressure in the short term but has been trending...

NewsBTC: Solana (SOL) Prints Over 16% Gains In The Last 24 Hours

The general cryptocurrency slump left all assets clinging to the support levels to stay afloat. Solana (SOL) was one of the most affected by this movement, deviating from its all-time high of $260.06 to currently trading at $13.75. The total circulating supply of SOL stands at $362,782,994. Also, the 24-hour low is $11.l7, while the high is $13.78.  The current price reflects an increase in Solana’s price, currently ranked at number 14 on CoinMarketCap with a trading volume of $739,091,583, which is a 38.59% gain in 24 hours. Related Reading: Litecoin Sharks Push Price Over $75, LTC Likely to Keep...

NewsBTC: Ethereum Classic (ETC) Sees Over 7% Gains Amidst Crypto Market Recovery

Ethereum Classic (ETC) is currently trading at $19.65, an increase from its previous price. The crypto, presently ranked at number 23 on CoinMarketCap, shows signs of life. The 24-hour trading volume of the token stands at $332,995,651.  The 24-hour low of ETC stands at $18.20, while the high was at $20.15. The market capitalization of Ethereum Classic also gained above 8% and is currently valued at $2,704,849,374. Related Reading: Litecoin (LTC) Breaks Above $75 As Price Eyes $90; Here Are Levels To Watch The crypto market, in general, has been on a downward trend. This week has been more positive,...

NewsBTC: Crypto Market Back To High Correlation As All Indexes Closely Follow Bitcoin

Data shows the crypto market has become highly correlation again in the past week as all indexes have been closing following Bitcoin. All Market Cap Weighted Crypto Indexes Have Been Moving Together Recently According to the latest weekly report from Arcane Research, the 30-day ETH-BTC correlation now has a value of 0.95. To assess the performance of the different portions of the market as a whole, the coins are divided into the “crypto indexes.” The criteria for putting any asset into an index is using its market cap. The “market cap” here simply refers to a measure of the total...

NewsBTC: Litecoin (LTC) Breaks Above $75 As Price Eyes $90; Here Are Levels To Watch

LTC’s price shows strength as price bounces off from a weekly low of $50 to trend higher, giving bulls some relief.  LTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors.  LTC’s price rallies high on the daily timeframe as the price moves towards $90 above the 50 and 200 Exponential Moving Averages (EMA) Litecoin (LTC) price has held strong above $60, showing good bullish signs of rallying to a high of $90-$100 if the market conditions remain favorable for prices. With many looking for a major dump...

NewsBTC: Bitcoin Closing In On This Bullish Crossover, Relief Finally Ahead?

On-chain data shows Bitcoin is closing in on a crossover that has historically proved to be bullish for the price of the crypto. Bitcoin Short-Term And Long-Term UTXO Age Bands Approach Crossover As pointed out by an analyst in a CryptoQuant post, BTC has usually observed a significant rise following the formation of such a crossover. The relevant indicator here is the “UTXO Age Bands,” which tells us the percentage of the Bitcoin supply that each group is holding right now. The different Age Bands denote the time period between which each UTXO (or simply, each coin) falling into said...

NewsBTC: Litecoin Sharks Push Price Over $75, LTC Likely to Keep On Rising

Litecoin has experienced a significant price surge on low timeframes and hints at a possible bullish continuation. The cryptocurrency is moving higher than more significant assets in the space, and it’s making its way to the top 10 by market capitalization.  Related Reading: SUSHI Latest Feats Are Quite Impressive, But Crypto Must Overcome Rough Terrain The current market landscape and on-chain activity support a bullish thesis. As of this writing, Litecoin already overtook Solana (SOL) and Shiba Inu (SHIB) in this ranking. LTC’s price is trading at $78 with 15% and 35% profits in the last 24 hours and the...

NewsBTC: Ripple Vs. SEC: Lawyer Explains Why Nov 30 Is Crucial And Why A Settlement Is Possible

While the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the U.S. Securities and Exchange Commission (SEC). And the next important deadlines are already looming. By November 30, both Ripple and the SEC have to file their summary judgment briefs, which will remain under seal for the time being. On December 02, the two parties will meet to jointly discuss the redactions for the court filings. Related Reading: XRP Price Rallies 15%, Why Ripple Could Outperform Bitcoin and Ethereum A few...

NewsBTC: SUSHI Latest Feats Are Quite Impressive, But Crypto Must Overcome Rough Terrain

SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon. At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from where it was. The following is a quick rundown of some of SUSHI’s more notable qualities that demonstrate its “tasty” status: There was a 4% increase in TVL. Positive environment, but unfriendly market conditions are a drag for the token Future discomfort is possible, but the investment case remains strong Most Influential Project on Avalanche$SUSHI @SushiSwap$JOE @traderjoe_xyz$FITFI @StepApp_$TIME...

NewsBTC: Ethereum Whales Accumulate Over $1 Billion Worth Of Ethereum Amid High Sell-off

The crypto market often runs on a cycle of highs and lows. Conscious investors leverage the lows to enrich their wallets with assets awaiting the bull run. This quarter’s bearish trend is no exception. The past few weeks in the crypto market have been filled with massive losses following the FTX collapse. The extreme macroeconomic conditions following the Fed’s interest rate hike are not helping matters. Related Reading: Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone; Here Is Why Ethereum, the second-largest cryptocurrency, suffered multiple setbacks in the last weeks following the market decline. Ethereum slumped below $1,600 to...

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