Bitcoin’s price is currently consolidating just below the highly anticipated $100K mark, with investors anxiously awaiting the breakthrough. Despite recent price drops, the possibility of reaching a six-figure Bitcoin price still remains in focus. Bitcoin has successfully broken through several resistance levels in recent weeks, making steady progress toward the…
In October, Tron saw a marked rise in activity, with transaction numbers hitting 238.6 million, reflecting an increase of 8.15% from September’s figures. This growth was accompanied by higher revenue, fueled in part by the launch of SunPump and other elements that drove network engagement. Uninterrupted Transaction Growth on the…
Ethereum is showing signs of recovery as it bounces from a significant support level near the midpoint of its descending price channel. This rally positions the asset to challenge a major resistance at the 100-day moving average, signaling a potential shift into bullish territory. The rebound near $2,400 has been…
Ethereum’s price action has seen a brief surge above the middle boundary of its descending price channel, but momentum has recently slowed. ETH is now testing the $2,800 resistance level, which has become a crucial pivot for the market’s medium-term direction. Ethereum’s trajectory over the next few price movements will…
Litecoin has been struggling since its peak on April 1st, with its value plummeting by 36%. Over this period, LTC has largely failed to attract attention, with its presence on social forums showing minimal engagement. This stagnation has raised concerns about Litecoin’s short-term outlook, especially as the broader market has…
Bitcoin’s price has remained resilient around the $60K mark after recovering from a sharp drop a few weeks ago. Market participants are showing optimism, anticipating a possible rally to new all-time highs. On the daily chart, Bitcoin’s price has been consolidating within a tight range after rebounding from the $50K…
Bitcoin’s price has been trading within a broad descending channel for the past two months, showing no clear breakout signals in either direction. Although there was a brief fake breakout from the lower boundary, the market is gaining strength and may be ready to push higher. The Relative Strength Index…
Blockchain technology continues to revolutionize various industries, with supply chain finance and trade finance emerging as key sectors benefiting from its capabilities. The transparency, security, and efficiency that blockchain offers make it an ideal tool for transforming traditional financial processes in these areas. In this post, we will delve into…
Polkadot’s daily chart reveals that the asset has experienced a notable 30% correction from its peak of $11.9. Despite strong support from the 100-day moving average and Fibonacci retracement levels, the price has not shown significant signs of a sustainable recovery. The support zone around $8 has temporarily held, but…
Ethereum recently faced a rejection at the significant $4K price level, followed by a sharp 25% decline. The price is now testing key support at the 0.618 Fibonacci level, around $2,972, and has found some stabilization at this level. If Ethereum successfully holds this support, a potential rebound towards the…
Bitcoin’s price has made significant gains since bouncing off the $40K support zone, but the $52K resistance level remains a critical hurdle. The market sentiment is cautiously optimistic, as the Relative Strength Index (RSI) stays above 50%, signaling that higher prices are possible in the short term. A breakout above…
Grayscale GBTC Faces $7B in Outflows Amid Increased Competition Grayscale’s Bitcoin Trust (GBTC) has experienced significant outflows, with $7 billion withdrawn since its conversion to a spot Bitcoin ETF. While the outflows appear to be slowing, the fund, once a leading player in the market, is facing mounting competition from…