Cryptocurrency Insight
The Bitcoin and cryptocurrency market is still in a consolidation phase, where all eyes are on the BTC price. If a breakout of the consolidation below $30,000 and subsequently a new yearly high is successful, the altcoin market could also come back to life. A Read More
The Bitcoin and cryptocurrency market is poised to be the biggest week of 2023 so far. While all eyes are on Wednesday’s Federal Open Market Committee (FOMC) meeting, this week is once again filled with crucial macroeconomic data. Add to that the still unresolved situation Read More
The Bitcoin and crypto market is experiencing a sharper correction since last Wednesday, shaking the bullish sentiment of the last few weeks. Although Bitcoin’s 1-week chart still looks very bullish, as long as the price remains above $25,000, the market is close to the critical Read More
The Bitcoin and crypto market is facing a “bull vacuum” in the short term. In the wake of significantly lower than expected inflation numbers (CPI and PPI) and the long-awaited pivot of the Federal Reserve in the US, Bitcoin price managed to continue its upward Read More
Bitcoin and crypto markets saw a strong weekly close. Bitcoin price surged straight up towards the current key resistance at $28,600. After seven failed attempts, this puts the price back just below the current key level separating BTC from $30,000. A powerful price move will Read More
Data shows that Bitcoin traders started this week with bullish sentiment, but here’s why it could come back to the cryptocurrency. Bitcoin Investors Show Spike in Bullish Sentiment According to data from on-chain analytics firm Holy, a huge increase in trader optimism in BTC and Read More
The Bitcoin and crypto market suffered a pullback in early trading in Asia. BTC price briefly dropped 2.2% and initially stabilized above $27,700 at press time. The broader crypto market has followed suit and is also in the red. The reason for the drop in Read More
XRP, the cryptocurrency of the Ripple network, has experienced a significant price increase in recent weeks, recording a 14% increase in the last week alone. This marks an appreciation of more than 40% of the asset in the last 30 days, positioning it as the Read More
The week ahead once again contains important economic data and events for the Bitcoin and cryptocurrency market that traders should be following. Last week, Bitcoin hit a new yearly high of $28,921 before US Federal Reserve (Fed) Chairman Jerome Powell ended the rally with his Read More
Due to the insolvency of several US banks and the ongoing liquidity problems of reportedly over 186 US banks, as well as UBS Bank’s acquisition of Credit Suisse, Bitcoin and cryptocurrencies are more bullish than ever. On Sunday, Bitcoin price peaked at over $28,400. Some Read More