Bitcoin Crashes Under $93,000: What’s Behind It?
Bitcoin has observed a plunge under the $93,000 level during the past day. Here’s what the trend in an indicator suggests about what could be behind this downturn. Bitcoin Coinbase Premium Gap Has Gone Cold As pointed out by CryptoQuant community analyst Maartunn in a new Coinbase Premium Gap” here refers to an indicator that…
The Current Correction In Bitcoin Is The Last Before A Major Rally—Here’s Why
Bitcoin price momentum has grabbed significant attention as it gradually sheds some of its gains acquired in the past weeks. So far, Bitcoin has plunged 7.6% from its all-time high (ATH) of $99,645 seen last week. Particularly, at the time of writing, the asset trades for $92,476. Marking roughly 4.6% drop in the past day alone.…
Bitcoin Price Corrects to $90K: Healthy Dip or Cause for Concern?
Bitcoin price is correcting gains below the $95,000 support. BTC traded close to the $90,000 level and is currently consolidating near $92,500. Bitcoin started a downside correction below the $95,000 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at…
Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy
Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset. Rumble Announces Bitcoin Treasury Strategy, Stock Rises The YouTube competitor is the latest company to join the Bitcoin…
Ethereum Price Maintains Strength at $3,250: Upside Ahead?
Ethereum price remained supported above the $3,220 zone. ETH is consolidating and might aim for a move above the $3,400 resistance. Ethereum started a fresh increase from the $3,250 support zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance…
XRP Price Stabilizes at $1.30: Can Momentum Build?
XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term. XRP price is struggling to gain pace for a move above the $1.50 level. The price is now trading below $1.450 and the 100-hourly Simple Moving Average. There is a…
Bitcoin’s Price Dip Triggers Alert On NVT Golden Cross—Here’s What To Watch For
Bitcoin price correction from its recent all-time high has sparked speculation within the crypto community, with many questioning if the bull run remains intact and what the next price move might be. Currently, BTC trades at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November…
Dogecoin (DOGE) Gearing Up: Can It Overcome Resistance and Climb?
Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance. DOGE price started a downside correction below the $0.420 level. The price is trading below the $0.400 level and the 100-hourly simple moving average. There is a key bearish trend line forming with…
Polkadot Q3 Digest: Examining The Network’s Growth, Challenges, And Future Prospects
Market intelligence firm Messari recently released its third quarter (Q3) performance report for Polkadot (DOT), providing insights into the blockchain network’s development and financial metrics during this period. Polkadot Sees Strong Developer Engagement One of the notable findings from the report is the developer activity on Polkadot. According to Electric Capital, the network had approximately…
Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue
On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for Bitcoin and other digital assets. Stablecoin Exchange Netflow Has Remained Positive Recently As pointed out by an analyst in a CryptoQuant Quicktake Exchange Netflow,” which keeps track of the net amount of a given asset that’s moving…