Bitcoin (BTC) is currently facing increased bearish pressure, with technical indicators pointing towards a potential drop to the $63,316 mark. This downward trend is influenced by factors such as weakening momentum and decreasing trading volume. Investors and analysts are closely monitoring these developments, as they may indicate further declines and set the stage for BTC
The landscape of cryptocurrency trading is witnessing a significant shift, with decentralized exchanges (DEXs) now boasting their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was recently highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is at an all-time high relative to CEX. The surge in DEX
Bitcoin open interest serves as a crucial metric in understanding how investors perceive the cryptocurrency market and the positions they are taking. The recent surge in Bitcoin open interest to a new all-time high has significant implications for the market, potentially signaling risks ahead. After experiencing a decline in open interest following a previous all-time
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Renowned for his exceptional skills in technical analysis, Aayush is a trusted advisor to investors worldwide. His journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous
After hitting resistance near the $70,000 mark, Bitcoin price has started a downward correction. The current support levels are crucial in determining whether the price will extend its losses or bounce back. Looking at the technical indicators, the hourly MACD is gaining momentum in the bearish zone. Additionally, the hourly RSI for BTC/USD has dipped
Ethereum has been facing challenges in clearing the $3,400 zone and has experienced a correction in its gains. Despite this, ETH is holding steady near $3,280 and there is a possibility of another increase in the near term. The price correction began after reaching the $3,400 resistance level, currently trading near $3,280 along with the
The recent surge in support for digital assets, particularly Bitcoin, has brought about a shift in global attitudes towards cryptocurrency. Former President Donald Trump’s vow to make the US a leading force in the crypto industry has raised eyebrows worldwide. This comes at a time when China, once a powerhouse in Bitcoin mining and trading,
Godspower Owie, hailing from Edo State, Nigeria, had a childhood filled with love and support from his parents and siblings. His family played a vital role in shaping his values and character, instilling in him a sense of security and stability. The influence of his siblings as mentors and idols helped him navigate life’s challenges
The Bitcoin price hit an all-time high of $73,400 in March 2024, but has since retraced and remained below this level for the last four months. Despite this, there is optimism that the price will eventually recover and reach a new all-time high. Crypto analyst “Melikatrader94” on TradingView has predicted another run to $77,600 based
One of the defining features of Zoomex is its unwavering commitment to user anonymity. Unlike other crypto exchanges that necessitate rigorous Know Your Customer (KYC) verification procedures, Zoomex bucks the trend by not imposing KYC requirements. This bold stance on privacy empowers users to trade with confidence, knowing that their personal information is kept confidential
