Crypto market
Bitcoin leads altcoins in setting up for a positive Q2
Ethereum has been consolidating around $3,500 for the last 24 hours ETH and ADA are gaining from imminent updates coming to the respective networks Recent days have seen Bitcoin enjoy a reasonable upswing in prices, carrying with it several other altcoins. The Satoshi coin has gained approximately 11% over the last two weeks and largely maintained above $45k. According to data by Coingecko, the world’s leading digital asset touched $44,347 on April 1, the lowest price level it has seen in the last week. Bitcoin was last seen changing hands at $46,160. The recent uptrend is a culmination of growth that has been building since mid-March. In the early days of last month, Bitcoin slumped, falling from $41,770 on March 1 to $39k support on March 6. Afterward, it started making signif...
Ether and Solana see $230M in Combined 24-Hr Liquidations as Bitcoin Clears $47,500
A late Sunday upward momentum has pushed the majority of cryptocurrencies in the market above previously challenging resistance zones. Bitcoin records a close above $47,200 The price of Bitcoin, the market leader, has increased by 6.29% in the last 24 hours as per market data at the time of writing. The flagship cryptocurrency cleared resistance at $47,000, breaking into the range of January highs late on Sunday. It maintained its uptrend into Monday, setting a new year-to-date high of $47,656 only a few hours ago as per CoinMarketCap data. The market swell appears to be a result of several bullish factors across the cryptocurrency sector. Most notable is the recent revelation of a $1o billion worth of Bitcoin ‘reserve’ plan by Terra blockchain founder Do Kwon. Another factor c...
Bitcoin retreats below $47k after closing in on its yearly high
Bitcoin climbed above $47,200 late on Sunday and continued hovering around this range in the morning Asian trading hours Analysts expect the Satoshi coin to maintain the uptrend in the short term The majority of cryptocurrencies in the market are trading in the green, having recorded decent profits on Sunday. Bitcoin, the market leader, surged from around $44,720 on 11:00pm (UTC +3 hours) Sunday to a multi-week high of $47,290 on 3:40am (UTC +3 hours) Monday as per CoinMarketCap data. Markedly, the ascent past $47,200 represents the first time Bitcoin hit breakeven since the turn of the year. After starting the year at $46,700, Bitcoin consistently posted gains in the first three days, peaking above $47,730. It has, however, failed to reclaim this level with every attempt – except ye...
Bitcoin Cash and Ethereum Classic up double digits as 24-hour trading volume eclipses $100 BN
Ethereum has cleared resistance at $3,000 on Tuesday morning Other top altcoins including ADA, DOT, and XRP are trading in the green as well The majority of top cryptocurrencies appear to be gaining ground on Tuesday with the total market capital peaking above $2 trillion. Bitcoin price shot up to a multi-week high of $43,116 in the early Asian trading hours, CoinMarketCap data shows. Although the OG crypto has retreated to around $42,470 as of this writing, it is still trading in the green – up approximately 3% in the last 24 hours. Ether price crossed $3,00o on the strength of the sharp overnight ascent, touching a five-week high of $3,040. Market data further shows that ETH’s 24 hr trading volume has swelled by almost 42% to $19.688 billion. Bitcoin Cash and Ethereum Classic leading gai...
ApeCoin retraces as Ethereum Classic maintains upward momentum into the new week
Ethereum Classic (ETC) and Algorand (ALGO) up more than 6% in the last 24 hours ApeCoin price has slid approximately 10% as the token struggles to find stability just above $10 The majority of crypto assets came off the weekend trading either around their support zones or slightly in the red. The market has remained a mix of green and red but a few alts have notably been caught in the extremes. Bitcoin hovering around $41k, Ethereum pushing to break above $3k Bitcoin, the largest cryptocurrency by market capital, has continued with its slow run in the last 24 hours, swinging around $41,300. A sharp fall of over $1,000 from a 24-hr high of 41,680 to $40,668 earlier today appeared to threaten the calm in the market but the flagship crypto managed to shake off the plunge and has since risen t...
Waves (WAVES) leading altcoins in 24-hr gains: Here are other top gainers
Bitcoin and co. shot up early on Wednesday before the majority retraced to their support zones Fantom, Elrond and Waves are among the top gainers The majority of crypto assets saw a sharp price upswing in the early hours of Wednesday. Bitcoin climbed above $40,000, going as high as $41,465 before the gains were wiped away less than an hour later. The pioneer cryptocurrency has since backtracked to $39,720 where it is currently hovering. FTM, EGLD, WAVES are the standout alts Despite the uncertainty in the markets, a handful of altcoins have defied the general trend and maintained an uptrend. Waves’ native coin WAVES is, as of this writing, one of the best performing crypto-assets. The crypto token embarked on an ascent late Tuesday and has sustained the upward momentum on Wednesday. ...
Fantom (FTM) and Cardano (ADA) trading in the range of yearly lows
Fantom (FTM) has revisited December lows in the $1.05 zone Cardano (ADA) has slipped below $0.80 for the second time in less than three weeks The crypto market has been relatively quiet in the last 48 hours, with many crypto assets consolidating around their support zones. Bitcoin headed towards bearish targets below $39,000 Bitcoin’s ascent towards $40,000 earlier today was cut short by tough resistance at $39,800, CoinMarketCap data suggests. The flagship cryptocurrency set a weekly high of $39,742.50 before losing more than $1000 in less than three hours and finding support at around $38,700, where it is currently trading. The picture is not very different for the rest of the altcoins in the top ten ranking by market capital. The majority of them have slid back by 2% to 5% in the last 2...
Bitcoin’s current price trend is reflective of its pattern before last year’s huge downturn, analyst observes
Crypto Capo believes an extended third wave of the current correction could push BTC to achieve bearish targets as low as $21k FTM and LUNA are both showing signs of a further downward correction Well-known crypto markets analyst, Crypto Capo, has said that Bitcoin’s recent recovery in the markets during the February mini-surge could soon be defied by a strong descent move. He notes that the BTC market is showing a similar pattern as it did during the massive correction of May 2021. Capo adds that February’s relief rally and the successive price action is evocative of the period before when the market nosedived, starting May last year and eventually pitting bottom below $30k in July. BTC/USD trading chart A more recent update from the crypto analyst indicates that Bi...
Crypto market recedes after Wednesday’s rally, FTM and XMR down over 10%
The upwards momentum inspired by yesterday’s release of the Biden crypto executive order has waned The majority of the top cryptocurrencies are seeing losses in the range of 4% to 8% The price of most crypto coins soared late Tuesday and remained high for the larger part of Wednesday. The midweek upswing was as a result of the White House crypto directive that was released yesterday, albeit the Treasury department, through Janet Yellen, had inadvertently shown a glimpse of what the order would entail. Bitcoin and company surged as the markets welcomed the vague order, interpreting it as progressive for the sector. Crypto assets have nosedived The market outlook has, however, changed 24 hours later, with many crypto assets resuming a downtrend after failing to sustain the momentum. Co...
Crypto market rallies on reports of a ‘positive’ Biden crypto executive order
News of the release of a now-deleted Treasury response to Biden’s crypto executive order has sent bullish waves in the market Bitcoin has gained more than 8.25%, racing past $42,000, while Ethereum has retested $2,750 Reports of the highly-anticipated crypto executive order from the White House being bullish or neutral in the worst case have spurred a market rally on Wednesday morning. Treasury’s response hints Biden’s crypto executive is likely not bearish Late yesterday, US Secretary of Treasury Janet Yellen published a response to the Biden crypto order even before the latter was released. The incident struck as unintentional since the response shared was dated March 09 (today) yet went up live a day earlier. In the statement, Yellen ‘accidentally gave an inkling...
More than $195M liquidated in the last 24 hours as Bitcoin and altcoins rebound
The combined crypto market capital has swelled by over $115 billion in the last 12 hours Market data shows $195 million worth of leveraged positions have been closed on account of the unexpected rally Top crypto assets are soaring in the market led by Bitcoin and the premier altcoin – both have seen 24-hr price gains of more than 6.50%. The market upsurge started late yesterday following the accidental release of a statement from Treasury’s Janet Yellen acknowledging the White House’s ‘positive’ crypto directive. Through Yellen’s comments, the market construed the crypto executive order as pragmatic and even positive to some extent. This triggered a market-wide rally, with the total crypto market capital growing from $1.726 trillion to a peak of $1.847 trillion a few hours ago. Massive liq...
Crypto markets recover from Monday’s brief dip with BTC eyeing $39k
Market activity has been largely positive in the last few hours THETA price has shot up following the pullback while Ether has cut above $2,550 The cryptocurrency sector is still reeling from late Monday’s short-lived slump that saw tokens fall to their weekly lows. Bitcoin, which appeared to have cleared $39k earlier during the day, slid from $39,060 to a 7-day low of $37,387.92 in four hours, CoinGecko data shows. The king cryptocurrency has since bounced back and is changing hands at $38,860 – up 1.40% in the last 24 hours. Ether, whose ETH/USD hourly trading chart shows positive movement, has clawed its way back above $2,575. Yesterday, the token fell to an intraday low slightly below $2,460 – a price level last touched on February 24. The pair has moved up by 1.4% today and is t...
