First Ethereum Treasury Firm Sells ETH For Buybacks: Death Spiral Incoming?
Ethereum-focused treasury company ETHZilla said it has sold roughly $40 million worth of ether to fund ongoing share repurchases, a maneuver aimed at closing what it calls a “significant discount to NAV.” In a press statement on Monday, the company disclosed that since Friday, October 24, it has bought back about 600,000 common shares for…
XRP Price Softens — Momentum Weakness Could Limit Upside In Near Term
XRP price started a fresh increase above $2.550. The price is now facing hurdles above $2.650 and at risk of another decline in the near term. XRP price gained pace for a move above $2.60 and $2.620 before the bears appeared. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There…
Dogecoin Ignites — 60% Volume Boom Teases Potential Rally
Dogecoin saw a sharp jump in trading activity on Tuesday, but prices did not follow immediately. Volume over the last 24 hours rose by 60%, pushing total traded value above $2 billion, according to CoinMarketCap. Yet the token traded near $0.21 at the time of the report, down about 0.18% in the day and down…
Solana (SOL) Weakens Again — Break Below $200 Opens Door For Further Decline
Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192. SOL price started a downside correction below $200 against the US Dollar. The price is now trading below $198 and the 100-hourly simple moving average. There was a break below…
Zcash (ZEC) Soars Past 2021 Highs as Arthur Hayes Predicts $10K and Privacy Narrative Reignites
Zcash (ZEC) has exploded in value past $350, clearing its 2021 high and igniting a wave of renewed optimism across the digital assets ecosystem. A surge in demand tied to privacy, cross-chain integration and bold market calls are pushing ZEC into the spotlight. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30%…
Bitcoin Liquidity Flush Meets Ethereum Recovery Push — Traders Await The Next Big Signal
Bitcoin’s recent liquidity flush has stirred volatility across the market, leaving traders cautious as Ethereum shows signs of a potential recovery. While BTC struggles to stabilize after clearing key liquidity levels, ETH is attempting to reclaim crucial resistance, setting the stage for what could be the next major directional move in the crypto market. Market…
Nearly $360M In Crypto Shorts Squeezed As Bitcoin Recovers To $116,000
Data shows cryptocurrency short investors have suffered large liquidations during the past day as Bitcoin and altcoins have made a recovery. Bitcoin, Ethereum Have Surged In The Last 24 Hours Bitcoin and other cryptocurrencies have witnessed a rally during the past day, breaking away from the slump the market had earlier fallen into. At the…
Bitcoin Trades Sideways — Consolidation Above Support Could Fuel Next Upside
Bitcoin price is consolidating gains above $113,500. BTC could rise further if there is a clear move above the $115,750 resistance. Bitcoin started a fresh upward move above the $114,000 resistance level. The price is trading above $114,200 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at…
Bitcoin Buzz: Michael Saylor Drops ‘Orange Dot Day’ Hint
Bitcoin edged higher on Sunday as signs of easing US-China trade tensions lifted risk assets, while Strategy’s founder hinted the company kept adding to its Bitcoin holdings. Strategy Keeps Buying Michael Saylor posted a chart on October 26 that uses orange dots to mark recent purchases. The visual cue has become his shorthand for new…
Ethereum Supported On Dips — Buyers Build Strength For Next Leg Higher
Ethereum price started a decent increase above $4,000. ETH is consolidating gains and could aim for more gains above the $4,220 resistance. Ethereum started a fresh upward move above $4,000 and $4,120. The price is trading above $4,080 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,055…