Following a bullish performance on Saturday, Bitcoin (BTC) has dropped sharply below the $44k level. The recent BTC decline dragged the altcoin industry along, causing the entire cryptocurrency market valuation to fall by $120 in a few hours. However, Bitcoin has rebounded to the $45k level at press time. That said, Bitcoin’s market valuation continues […]
The growing use of DeFi protocols and decentralized applications built on Ethereum appears to have overloaded the network to the point of unsustainable transaction fees. That said, several cryptocurrency ecosystems are now in a race to usurp dominance from Ethereum amid this “slip up,” and Binance CEO, Changpeng Zhao, is rooting for Binance Smart Coin […]
Key HighlightsEthereum bulls are struggling to hold above $1,300 supportThe biggest altcoin will slump again if the current support at $1,400 is broken Ethereum ETH) Current StatisticsThe current price: $1,354.55Market Capitalization: $156,343,211,173Trading Volume: $22,578,249,561Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis February 28, 2021 Ethereum bulls are struggling […]
US stocks were previously hit by a sharp sell-off on the back of soaring Treasury yields, and the sell-off continued into daytime trading. At the time of this posting, although Treasury yields are slightly down today, stocks remain in the red. US futures are pointing to a recovery, but there is little confidence the recovery […]
USDWTI Price Analysis – February 26 At the time of writing, WTI remains on the back foot trading at $62.53 after sellers’ pressure pushed the USDWTI pair to a $61.82 daily low. The barrel of West Texas Intermediate (WTI) hit its highest level in more than a year at $63.79 during the prior session, however, […]
The Dubai-based cryptocurrency investment fund, FD7, believes that the value of Cardano (ADA) and Polkadot (DOT) will surpass that of Bitcoin (BTC) in the coming years. Consequently, the firm has announced that it will offload about $750 million worth of its BTC holdings and increase its exposure in ADA and DOT. FD7 (Fall Down Seven […]
BNBUSD Price Analysis – February 26 A breakdown at the $196 level by the bears may lead to the declination of the price to $142 level in which further decrease will drop the price to $117. The continuation of the bears defending the $196 support level may push up the price to the resistance level […]
GBPJPY Price Analysis – February 26 The GBPJPY exchange rate has declined to the 147.40 low level. It is unlikely that some upside potential could prevail in the market due to the seller pressures as the pair aligns while indicating a significant correction. The Japanese Yen rides on the turn-in risk sentiments and rebounded after […]
EURJPY Price Analysis – February 26 EURJPY remains beneath recent high and approaches the mid 128.00 level. The pair traded at daily highs around 129.52 before grinding lower to 128.64 level. The Japanese Yen is strong against a basket of currencies after the release of the latest inflation data from the BoJ. Key LevelsResistance Levels: […]
