Category: NewsBTC

NewsBTC: Genesis / DCG: All Cool Again? Bitcoin Investors Should Be Cautions

The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the Bitcoin price is recording a relief rally. At press time, Bitcoin was trading at $16.598 and faced the crucial resistance zone at $16,000. If this resistance is overcome, a quick candle towards $17,500 to $18,000 could be on the table. DCG /Genesis Safe? Bitcoin investors, however, might be asking themselves what has changed in the whole misery surrounding Genesis...

NewsBTC: Cardano Stablecoin Unveiling Is Just Around The Corner – Will This Boost ADA Price?

You can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They call this type of stablecoin “algorithmic,” which means that the asset’s stability is guaranteed by some very advanced, but (they say) “ultimately important,” mathematics. Cardano collaborated with COTI on this mammoth project. in light of Djed’s declaration, let us quickly review ADA’s persformance of late: Price activity as of late indicates further pain If Crunchzone rises above $0.3160, the bears will gain even greater power That’s a portent of fantastic...

NewsBTC: Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone; Here Is Why

BTC’s price shows strength as price bounces off from a weekly low of $15,500 to trend higher, giving bulls some relief.  BTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors.  BTC’s price bounces from a low of $15,500 on the daily timeframe as the price moves in a range below the 50 Exponential Moving Average (EMA) With many looking for a major dump in Bitcoin (BTC) price, the price of Bitcoin (BTC) bounced from $15,500 as price rallied to a high of $16,500, leaving bears on the...

NewsBTC: BNB Price Prediction: Indicators Suggest Strong Case For Rally To $320

BNB price (Binance coin) found support near $250 against the US Dollar. BNB is rising and might gain pace if it clears the $300 resistance zone. Binance coin price started a recovery wave from the $250 support against the US Dollar. The price is now trading above $280 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $262 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could continue to rally if it clears the $295 and $300 levels. Binance Coin Price Starts Fresh...

NewsBTC: Ethereum Price Scores Bullish Moves, Can ETH Sustain This Recovery?

Ethereum found support near $1,070 and recovered above $1,150 against the US Dollar. ETH could rise further, but upsides might face hurdles near $1,200 and $1,230. Ethereum started an upside correction from the $1,070 and $1,080 support levels. The price is now trading above $1,120 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further towards $1,200 or even $1,230 in the near term. Ethereum Price Recovers Ethereum price remained well bid near the...

NewsBTC: Bitcoin Price Recovery Remains Capped, Why 100 SMA Is The Key

Bitcoin price started an upside correction from $15,500. BTC is now facing a strong resistance near the $16,300 zone and the 100 hourly SMA. Bitcoin found support near $15,500 and started an upside correction. The price is trading below $16,300 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $16,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $16,300 level and the 100 hourly SMA. Bitcoin Price Eyes Recovery Bitcoin price extended its decline below the $16,000...

NewsBTC: Polygon Poised For A Major Advance Next Year If MATIC Stays On This Course

Even as the FTX-induced downward market continues, Polygon (MATIC) is closely following in the footsteps of its older relative ETH. Despite the bears’ dominance this year, many in the cryptocurrency industry see 2023 as the final chapter following a period of uncertainty. A quick rundown of MATIC: – MATIC down at $0.843512 – TradingShot analysts show that MATIC follows ETH price closely with a rejection by the 50-day MA – 2023 not likely to bring a strong rally for MATIC by Shelby3 According to TradingShot, MATIC’s price action is difficult to ignore because it mirrors Ethereum’s price action from 2016...

NewsBTC: Quant (QNT) Struggles Above Key Support Of $100; Here Are Levels To Watch

 QNT’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100.   QNT’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.  QNT’s price looks weak and continues to trade below the daily 50 Exponential Moving Average (EMA) as bulls attempt to reclaim the region. The price action displayed by Quant (QNT) in previous weeks was not short of a spectacle but has yet to meet those expectations, with the price showing so much price action in recent weeks,...

NewsBTC: Bitcoin At $1M By 2030: Why Cathie Wood Remains Confident In Bold Bet

Following news that Ark Invest has made investments into Grayscale’s heavily discounted Bitcoin fund, CEO Cathie Wood is doubling down on a bold bet that the top cryptocurrency will reach $1M per coin by 2030. Is such a lofty price prediction realistic, considering the recent collapse of the crypto market? And can Wood’s call be trusted after the ARK Innovation ETF’s decline that is on par with Bitcoin? Here are all the factors behind the $1M per BTC target in less than a decade. Cathie Wood says Bitcoin will be worth 1 million per coin by 2030 https://t.co/GQFkjlb8vc pic.twitter.com/L8mw8u0SZO —...

NewsBTC: Binance Coin Loses $270 Support As Bears Eye $200; Will Bears Push Harder?

 BNB’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $260.   BNB’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.  BNB’s price looks weak and continues to trade below the daily 50 Exponential Moving Average (EMA) as bulls attempt to reclaim the region. The price action displayed by Binance Coin (BNB) has not met expectations, with the price showing so much price action in recent weeks, rallying to a high of $390. Following the collapse of the...

NewsBTC: Ethereum Bullish Signal: Whales Add $1B More To Their Holdings

On-chain data shows Ethereum whales have added $1 billion more to their holdings recently, something that could be bullish for the crypto’s price. Ethereum Whales Now Hold 947,940 ETH More In Their Wallets As per data from the analytics firm Santiment, this jump in the whale holdings is the 5th largest in this year so far. The relevant indicator here is the “Supply Distribution,” which tells us the percentage of the total Ethereum supply that each wallet group has right now. Wallets are divided into these groups based on the number of coins they are currently holding. For example, the...

NewsBTC: Crypto Market Loses $60B In Two Days As Bitcoin Price Plunges

The past few days in the Bitcoin and crypto market have had a forceful impact from the bears. The prices of most of the crypto assets have been tolling to the south beyond expectation. In addition, the entire market is experiencing a decline due to the collapse of the FTX exchange. Related Reading: These Bitcoin Metrics Signal A Capitulation Event Is Near The outcome of the recent events has raised more doubts in the crypto space. Bitcoin is dipping drastically and has gone below the $16K region. However, the altcoins are not left in the bearish trend. Lots of the...

NewsBTC: Toncoin (TON) Leads Top Gainers In Last 7 Days

The Open Network has enjoyed massive media recognition in the last few weeks, resulting in impressive gains. The blockchain’s native token, TON, is currently among the top cryptos leading the market in weekly gains. As of the time of writing, TON’s price was $1.74, a 0.31% decline on the day. However, its weekly rise was 2%.  Toncoin’s media attraction came with the launch of Telegram’s unique username auction feature. In addition, this saw the launch of their marketplace, Fragment, where these usernames can be auctioned. Furthermore, the TON blockchain secured a massive investment deal with DWF Labs in the past...

NewsBTC: Bitcoin “Diamond Hands” Have Dumped 84.5k BTC Since FTX Collapse

Data shows the so-called Bitcoin “diamond hands” have shed 84.5k BTC from their holdings since the collapse of crypto exchange FTX. Bitcoin Long-Term Holder Supply Has Sharply Declined Recently According to the latest weekly report from Glassnode, the long-term holder supply has observed one of its most significant declines this year in recent days. The “long-term holder” (LTH) group is a Bitcoin cohort that includes all those investors who have been holding onto their coins since at least 155 days ago, without having sold or moved them. Statistically, the longer an investor keeps their coins still, the less likely they...

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