Category: Market Updates

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Biggest Movers: SHIB Stays Close to Recent 2-Month High on Monday

Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today’s session. Bitcoin cash was another notable exception, as the price rose by over 4%. Shiba Inu (SHIB) Shiba inu (SHIB)…
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Bitcoin, Ethereum Technical Analysis: BTC Slightly Higher Ahead of This Week’s US Economic Data

Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum continued to trade above a key support point on Monday. Bitcoin Bitcoin (BTC) was in the green to…
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Biggest Movers: DOGE Rebounds, as SHIB Surges 5% Higher on Saturday

Dogecoin snapped a three-day losing streak on Saturday, as the meme coin found a point of support. The move came as X, formerly Twitter, continued its re-brand by showcasing its new logo over the San Francisco skyline. Shiba inu surged by over 5% today. Dogecoin (DOGE) Dogecoin (DOGE) rebounded on Saturday, as the token ended…
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Bitcoin, Ethereum Technical Analysis: ETH Pushes Towards $1,900 to Start the Weekend 

Ethereum moved closer to the $1,900 level on Saturday, as cryptocurrency markets made marginal gains. At the time of analysis, the global market capitalization has risen modestly by 0.32%, mirroring the effects of Friday’s U.S. consumer sentiment report, which fell short of expectations. Contrary to the projected sentiment of 72.6, the actual figure hovered at…
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Biggest Movers: SHIB Surges to 2-Week High on Friday, Whilst TRX Extends Gains

Shiba inu was a notable gainer on Friday, climbing to a two-week high during today’s session in the process. The move came as the meme coin rose by as much as 6%, despite the global crypto market cap mostly consolidating. Tron rose for a fourth straight session today. Shiba Inu (SHIB) Shiba inu (SHIB) rallied…
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Bitcoin, Ethereum Technical Analysis: BTC Hangs on to $29,000 Level, Despite Increased Market Volatility 

Bitcoin remained above a key support point on Friday, despite bears attempting to push the price below $29,000. Today’s session saw sentiment once again shift bearish, as U.S. consumer sentiment data looms. Ethereum was mostly unchanged in today’s session. Bitcoin Bitcoin (BTC) continued to trade above the $29,000 mark on Friday, despite bearish pressure intensifying…
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Biggest Movers: SOL Nears $26.00 Resistance Level, MATIC Moves Away From Support

Solana was once again in the green, with bulls pushing the token towards a key resistance level at $26.00. The move comes after yesterday’s 7% surge, however earlier gains have since declined, as U.S. gross domestic product (GDP) grew 2.4% as opposed to the 1.8% expectation for Q2. Polygon also climbed higher today, bouncing from…
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Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision

Bitcoin edged closer to the $30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in September. Ethereum neared the $1,900 level today. Bitcoin Bitcoin (BTC) remained in the green on…
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Biggest Movers: SOL, XRP Snap Recent Losing Streak on Wednesday

Solana ended a two-day losing streak on Wednesday, as the token surged by as much as 7% in today’s session. The move came following a two-week low on Tuesday, as markets slipped after recent highs. XRP also edged higher, and currently hovers near a key price floor. Solana (SOL) Solana (SOL) recovered from a two-week…
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Bitcoin, Ethereum Technical Analysis: BTC Consolidates, as Markets Prepare for 25-Basis-Point Fed Rate Hike

Bitcoin consolidated marginally above the $29,000 level on Wednesday, ahead of today’s Federal Open Market Committee (FOMC) meeting. It is widely expected that the Fed will increase rates by 25 basis points, after holding off on hiking last month. Ethereum also remained mostly unchanged. Bitcoin Bitcoin started today’s session largely unchanged, as traders anticipated the…
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