Category: NewsBTC

NewsBTC: Shiba Inu (SHIB) Sees Over 26% Gains During Market Recovery

It’s been a green October ending for the entire crypto market, and the meme coin section is no exception. Shiba Inu, the biggest Dogecoin rival, has fluctuated 26% gains after joining the recent market-wide correction. Earlier in the day, the top-20 coin had a 24-hour high of $0.00001488. It even looked like it’ll break through the $0.000015 mark. However, it faced serious rejection and fell back to $0.00001251. With this fall, Shiba Inu has lost 0.52% on the day. Nonetheless, it might enter into November with a solid price range if it finds support.  Related Reading: Bitcoin Price Aims For...

NewsBTC: Ethereum Scores Over 7% Gains, What’s Up?

After facing a market-wide correction, several coins, including Ethereum and Solana, have recorded substantial gains in the past week. Earlier today, Ethereum reached a 24-hour high of $1,652 before dropping to $1,602 at press time. The Ethereum killer Solana also peaked at $33.74 on the day. However, it has fallen to $32.66. Although both have suffered some losses on the day, the coins have kept impressive profits in the last seven days. The top-ten tokens by market cap recorded a weekly gain of over 10%. Ethereum and Solana are poised to finish the month of October strong if they continue...

NewsBTC: MATIC Looks To Hit $1 Target After Breaching Major Resistance

MATIC didn’t have to wait for Bitcoin to initiate a price rally and cause the USDT dominance to decline just to have a bullish momentum. In fact, according to tracking from Coingecko, the cryptocurrency managed to increase its value by 24.3% over the last 30 days – the same period where most digital currencies struggled to stay on the green zone. MATIC dumped the block established by bears at the $0.93 resistance marker The altcoin has increased by more than 24% over the last month A rally towards the $1 marker is highly likely At press time, the altcoin is...

NewsBTC: FLOW Diverted By Bearish Current Amid Relative Inactivity – Here’s Why

Following a decline from October 10–October 20, FLOW is currently making a comeback. CoinGecko reports that FLOW is performing well across nearly all time frames shown by its platform, and at the time of writing, the coin was trading at $1.76. Along with this rise in price comes an increase in TVL value. DeFiLlama reports that since yesterday, FLOW’s TVL has increased from $3.97 million to $4.168 million, an increase of about 5%. Market slippage was noted earlier, but the market structure produced by FLOW price changes may prevent a recovery. Related Reading: Shiba Inu Facing Tough Hurdles For Weeks...

NewsBTC: Ethereum Price Bounces Again But Touching These Levels Could Trigger A Sell Off

Ethereum price has rallied yet again in the last 24 hours. ETH has demonstrated an 8% jump over the past day. This has made the altcoin break past a few trading levels and now flipped them into support lines. The altcoin was quite bullish at the time of writing. In just one week, the coin gained more than 20%, turning the price action bullish. The technical outlook of Ethereum was also leaned towards the bulls as demand for the altcoin turned heavily positive at the time of writing. As a result, buying strength also turned optimistic at the time of...

NewsBTC: Bitcoin Price Aims For $21,000, Will There Be A Wider Trend Change?

Bitcoin price has again registered an uptick in the last 24 hours. In that timeframe, the coin has surged by 3%. This has also helped other major altcoins turn green at press time. In the past week, BTC has rallied almost 8%. If the bulls keep pushing, then claiming the $21,000 mark would not be a difficult move for the Bitcoin price. The technical outlook has again turned towards the bulls. Buyers have taken control of the price in the market. Demand has also gone up for the asset. The chance of a price pullback cannot be ruled out completely....

NewsBTC: ApeCoin Shows Bullish Bias; This Level Needs To Be Broken For A Rally To $7

APE’s price shows strength as it bounces from a downtrend range price rallied to a high of $5 with eyes set on $7.  APE could rally more as the price creates more bullish bias by breaking out of a downtrend triangle with eyes set on rallying higher. APE’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Apecoin (APE) in the past few days has been tremendous, with Bitcoin (BTC) creating a more bullish scenario across the crypto market; this has also propelled...

NewsBTC: Why This Bitcoin Indicator Points To Bullish Double Bottom

Bitcoin continues to push to the upside closing several daily candles on the green, positively impacting the crypto market. At the same time, the benchmark cryptocurrency trends upwards, and the general sentiment shifts into greed territory for the first time since May 2022.  Related Reading: Bitcoin Reclaims $20,500; Here Are The Levels You Should Pay Attention To At the time of writing, Bitcoin (BTC) trades at $20,850 with a 1% profit in the last 24 hours and a 9% profit in the previous week, respectively. Ethereum (ETH) and Dogecoin (DOGE) are the best performers in the top 10 by market...

NewsBTC: Chainlink Price Consolidates, How Long Will The Bulls Stick Around?

Chainlink price has been moving sideways over the past day. In the last 24 hours, the coin has only increased by 0.4%. Broader market price sentiments have crept in and many major altcoins have followed suit. In the past week, Chainlink has gained close to 6%. It continues to struggle within the $7 price zone. For the coin to see bullish force yet again, it is imperative that LINK travels above the $8 price level. The technical outlook of LINK has also indicated that bullish strength has started to exit the market. Demand for the altcoin has fallen, which has...

NewsBTC: Ep05- MLM – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast

It was about time that MLM made an appearance. Multi-Level Marketing explains a lot about the OneCoin story. In this ONE-HOUR episode of “The Missing Cryptoqueen,” we’ll learn about the secret ingredient that catapulted Dr. Ruja from the millions to the billions. We’ll meet interesting people and the plot will thicken. Also, the size of the OneCoin scam will increase significantly. This thing gets bigger by the episode, which is what makes the show so entertaining. What a clusterfuck this was. Related Reading: Cardano Price Misses Fireworks On Its Birthday, How Far Will ADA Fall? It begins by answering the...

NewsBTC: Why The DOGE Price Rally Could Foretell An Altcoin Season

The DOGE price action brings reminisces of the 2021 bull run to crypto traders and market participants. The meme coin is trending to the upside, supported by the Elon Musk Twitter takeover. The billionaire purchased the social media for over $40 billion, and the market expects Dogecoin to play a role in its future.  Related Reading: THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead? At the time of writing, the DOGE price stands at $0.13 for the first time since May 2022. The meme coin records a massive profit of 56% in the last 24 hours...

NewsBTC: THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead?

THETA, the 51st ranked cryptocurrency in terms of market capitalization according to online tracker Coingecko, is performing relatively well now as it stays on the green zone as far its short-term and long-term price monitoring is concerned. THETA is all green in the charts except for its year-to-date progress The altcoin is sitting on a 17.2% 14-day increase A test of the $1.2 resistance zone is likely to happen for THETA At press time, the asset is trading at $1.16 and is up by 1.5% over the last day. On a weekly and biweekly timeframe, the crypto increased by 16.8%...

NewsBTC: Bitcoin Bearish Signal: Exchanges Receiving Large Deposits

On-chain data shows the Bitcoin exchange inflows have spiked up over the last day, something that could prove to be bearish for the price of the crypto. Bitcoin Exchange Inflow Mean Has Observed Two Spikes In The Past 24 Hours As pointed out by an analyst in a CryptoQuant post, the two exchange inflow mean spikes amounted to around 21 BTC and 17 BTC respectively. The “exchange inflow mean” is an indicator that measures the mean amount of Bitcoin being transferred to the wallets of centralized exchanges per transaction. It’s different from the normal inflow metric in that instead of...

NewsBTC: Solana: A Quick Evaluation Of How The Blockchain Performed In Q3 This Year

The crypto bear market that began in May has hurt Solana just as much as the rest of the market. CoinGecko reported a massive 16.4 percent increase, and the price of SOL is now at $32.27 at the time of writing. Messari’s most recent quarter on quarter performance evaluation of the Solana network provided illumination into the L1’s inner workings, thus it’s possible that this is the case. Despite a generally pessimistic market, the study highlighted very encouraging performance for the token in the third quarter. However, Q3 was a rough quarter for Solana, like it was for most cryptocurrencies, and this...

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