BTCUSD prepares for a breakout by positioning itself to leverage the critical support level of $60,675 to reverse its descending trend and resume its bullish trajectory. Following the rejection at the recent all-time high, market dynamics favored sellers, resulting in consistent lower highs and lows. BTCUSD Key Levels Supply Levels: $64,000, $73,000 Demand Levels: $59,000, […]
Bitcoin miners are currently encountering a new challenge as network fees fluctuate post-halving, according to a recent report by Kaiko. The April halving event, which reduced the reward for mining new blocks, initially led to a surge in daily average network fees. This increase helped miners offset the impact of reduced block rewards. However, with the waning enthusiasm […]
Renowned investor Sir John Templeton celebrated for his astute investment strategies, attributed his success to a disciplined approach grounded in mathematical analysis rather than mere intuition. He famously capitalized on undervalued assets, a method that proved lucrative, notably in his post-World War II investments in Japan. Today, the crypto investment landscape mirrors Templeton’s principles, presenting […]
BTC Rally: today’s bitcoin price soars over 3%, crossing $63,000 mark, prompting discussions on recent market surge causes. Today, the price of Bitcoin has surged by more than 3%, reaching the $63,000 mark, following a period of volatile trading. Notably, this recent rally in BTC, amidst recent volatility, has ignited discussions within the cryptocurrency market […]
BTCUSD Corrects its Bearish Sentiment at $60,675 BTCUSD corrects its bearish sentiment by rebounding from the $60,675 support level, amidst prevailing bearish sentiment. Following its peak at $73,840, the market has experienced a downtrend, with waning bullish momentum allowing sellers to dominate. However, BTC’s intermittent buyer influence manifests as the market attempts to rectify after […]
Stablecoins like USDT were introduced to address the inherent volatility of cryptocurrencies like Bitcoin and Ether, making them more suitable for various use cases: For Stable Transactions USDT provides a stable value pegged to the US Dollar, making it ideal for everyday transactions, remittances, and payments that require low volatility. USDT is perfect for transactions […]
BTCUSD Forms into a Bullish Reversal Formation Bitcoin (BTCUSD) forms a corrective phase, shaping a bullish reversal flag formation to navigate its market dynamics. Over the past year, the cryptocurrency has witnessed a remarkable surge, registering a staggering 180% price appreciation. However, despite reaching a new all-time high of $73,840, the coin has encountered resistance, […]
Bitcoin’s volatility sparks a $30 million liquidation surge amid a price struggle. Bitcoin’s recent correction triggered a surge in long liquidations, exceeding $30 million in a day. This surge coincided with Bitcoin failing to exceed the $62,000 price level. Analysts note the strong correlation between this volatility and historical patterns. Bitcoin liquidations spike amid market […]
Ethereum has not seen capital inflows matching the surge experienced by Bitcoin, highlighting a divergence in investor interest. Throughout the current cycle, there has been an increasing divergence in the performance of BTC and ETH. Glassnode’s analysis attributes this trend to a weaker pattern of capital rotation, especially when compared to past cycles and all-time […]
