The Bitcoin market is currently experiencing a shift in investor behavior, with short-term traders entering the scene in large numbers. According to a recent report by Bitfinex Alpha, there has been a significant increase in the number of short-term holders in the market, with holdings rising by nearly 55% since January. This surge in speculative
Bitcoin’s price saw a significant increase above $68,500, even testing $70,000, before experiencing a major bearish reaction. The cryptocurrency started to decline from the $70,000 resistance zone and is currently trading below $68,550 and the 100 hourly Simple Moving Average. There is a connecting bullish trend line with support at $67,500 on the hourly chart
The aftermath of the $4.5 billion SEC settlement involving Terraform Labs has left Terra in a state of transition. Terraform Labs CEO Chris Amani announced that Terra will now become a community project as the company prepares to wind down its operations. Amani emphasized the importance of the community taking over ownership of the chain,
Crypto analyst Dave the Wave has recently provided a bullish narrative for Bitcoin, despite the recent setback in its price. He suggested that based on his logarithmic growth channel (LGC) indicator, Bitcoin could potentially rise to as high as $300,000 in the long term. Looking at the chart he shared, it is expected that this
XRP, like many other cryptocurrencies, has been experiencing a rollercoaster ride in terms of market volatility. Recently, the digital asset saw a temporary uptick in its price after facing a prolonged period of downward pressure. This temporary recovery has sparked some hope among traders and investors, but the overall market conditions remain turbulent and uncertain.
In a recent development, the Zimbabwean government has taken a proactive step in understanding and regulating the virtual asset industry in the country. A committee has been set up to collect data from crypto companies operating within Zimbabwe. This initiative aims to provide a detailed insight into the size and scope of the crypto industry
The copy trading industry has been experiencing rapid growth, with an increasing demand for sophisticated solutions that cater to the needs of both brokers and traders. In response to this demand, the B2Broker team has introduced a new generation of their in-house investment platform, B2Copy. This platform goes beyond the standard offerings for MT4 and
As Bitcoin continues to show a tepid price action and consolidate post-halving, major crypto analysts have shared their insights on the future trajectory of the flagship cryptocurrency. One such analyst, CrediBULL Crypto, took to X to predict that Bitcoin will soon rise to a six-digit all-time high of $100,000 on its next leg up. This
The world of cryptocurrency art has been revolutionized by the recent release of VESA’s latest creation, BitRam. This unique artwork symbolizes the indestructible and unconfiscatable nature of Bitcoin, breaking away from the traditional Bull and Bear imagery commonly associated with crypto-inspired art. BitRam is a testament to Bitcoin’s relentless spirit in the face of turbulent
Recently, the Ethereum price attempted to recover above the $3,650 resistance level but failed to do so. The price declined below $3,550 and is now showing bearish signs below $3,600. The downward trend seems to be continuing as Ethereum started a fresh decline below the $3,550 support zone. The price is currently trading below $3,550
