Market Analysis

Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if a classic bullish continuation pattern plays out. Bitcoin heads towards 11 million rubles Dubbed the

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Bitcoin (BTC) saw instant volatility on March 11 amid hope that the Russia-Ukraine conflict could find a diplomatic solution. Hope rises — but so do Bitfinex shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly surging $1,400 before reversing to consolidate below $40,000 Friday. The move followed fresh comments from Russian President Vladimir Putin,

Bitcoin’s (BTC) last daily close above $45,000 was 66 days ago, but more importantly, the current $39,300 level was first seen on Jan. 7, 2021. The 13 months of boom and bust cycles culminated with BTC price hitting $69,000 on Nov. 10, 2021. It all started with the VanEck spot Bitcoin exchange-traded fund being rejected

The decentralized finance (DeFi) sector has been sitting in the backseat since whipping up a frenzy in the summer of 2020 through the first quarter of 2021. Currently, investors are debating whether the crypto sector is in a bull or bear market, meaning, it’s a good time to check in on the state of DeFi

A self-made millionaire by 16, Jonathan Manzi is no ordinary entrepreneur. Now 31, the past 15 years have seen him start an energy drink business but shutter it once he realized that there wasn‘t enough of the required kava-plant ingredient in the world to feed his ambitions of competing against Gatorade. Becoming the youngest bar

Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility. Wheat gives Bitcoin a run for its money Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting strongly to February’s consumer price index (CPI) readout. Despite matching forecasts at 7.9%, the print saw

“Volatility” is the word of the month and that is exactly what cryptocurrency investors saw today as Bitcoin rallied after concerns over the Biden administration’s executive order on crypto turned out to be a ‘nothingburger’. Data from Cointelegraph Markets Pro and TradingView shows that after trading near the $39,000 mark for the past few days, the

Ether (ETH) is still in troubled waters after failing to break a five-week-long descending channel top for the third time in a row. The March 2 test of the $3,000 resistance was followed by a 17.5% correction in five days, which signals that buyers are somewhat reluctant to defend the price. To date, Ether suffers

Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed.  Executive order enters with a whimper Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $42,000 into the start of trading on March 9. The pair had shrugged off the latest round of macro

Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels. Trader: Market “still fragile” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly “squeeze” through previous resistance at $39,600, going on to deliver 24-hour gains of 11.3%. Amid local highs of $42,438 on Bitstamp, the mood among traders

Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government’s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices.  Data from Cointelegraph Markets Pro

Ethereum’s native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on March 7 as Ether’s price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the

Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows. Since December 2021, some weekly sessions saw investors pouring in between $10 million and $120 million into Grayscale’s flagship fund. Meanwhile, the biggest capital inflow — amounting to nearly

2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana’s (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date. Solana leads the staking charts with $35 billion in value locked, which is equivalent to 74% of the SOL

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600. Traders had hoped that various