Category: Market Updates

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NFT Sales Dip in June — Ethereum Dominates, Bitcoin Stumbles, and Bored Ape Rises

In June 2023, the sales of non-fungible tokens (NFTs) experienced a decline of 4.3% compared to the previous month. The latest figures show a slide from $739.50 million recorded in May to $707.70 million in June. June 2023 Sees a Slip in NFT Sales Data from cryptoslam.io reveals that NFT sales in the previous month…
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Biggest Movers: LTC Leaps to 15-Month Peak as DOGE Bull Run Continues

After climbing by over 20% on Friday, litecoin extended gains to start the weekend, surging to its highest point in over a year. The move comes as momentum surrounding the token’s listing on EDX markets continues to grow. Dogecoin also recorded a strong start to the day. Litecoin (LTC) Litecoin (LTC) was once again a…
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Bitcoin, Ethereum Technical Analysis: ETH Moves Above $1,900, Hitting a 2-Month High to Start July

Ethereum entered the month of July in the green, as price traded at a two-month high to start the weekend. Markets moved to rebound on Saturday, after better than expected consumer sentiment data in the United Stated spooked traders. Bitcoin also rebounded, after falling below $30,000 on Friday. Bitcoin After falling below the $30,000 level…
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Bitcoin, Ethereum Technical Analysis: BTC Remains in the Green, Ahead of US Consumer Sentiment Report

Bitcoin remained close to the $31,000 level on Friday, as momentum in the market continued to be bullish heading into the weekend. This comes ahead of the anticipated consumer sentiment report from the United States, which is expected to show an increase in overall consumer confidence. Ethereum also edged higher today, climbing above $1,900. Bitcoin…
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Biggest Movers: LTC, BCH Surge 20% Higher on Friday

Litecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April. The move came prior to the latest consumer sentiment report from the U.S, which rose to a reading of 64.4. Bitcoin cash climbed to its highest point since April 2022. Litecoin (LTC) Litecoin (LTC)…
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Biggest Movers: SOL Gains 10%, BCH Hits Fresh 1-Year High

Solana surged 10% on June 29, after it was confirmed that a new cross-chain bridge will allow users easier access to other blockchains. The update from Debridge will reportedly enable solana users to access ethereum’s virtual machine for the first time. Bitcoin cash extended its own gains on Thursday. Solana (SOL) Solana (SOL) was a…
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Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Thursday, Following Microstrategy’s Latest Purchase

Bitcoin rebounded on Thursday, as markets reacted to the news that Microstrategy bought an additional $374 million worth of the cryptocurrency. Michael Saylor’s firm now has 152,333 bitcoin, worth roughly $4.52 billion. Ethereum moved closer to $1,900 on the news. Bitcoin Bitcoin (BTC) edged higher in today’s session, after it was confirmed that Michael Saylor’s…
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Biggest Movers: SHIB, MATIC Fall 5% Lower on Wednesday, Hitting 1-Week Low

Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today’s session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into receivership. Additionally, traders’ nerves increased ahead of Federal Reserve Chair Jerome Powell’s latest speech. Shiba…
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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $31,000 Following Prime Trust Liquidation

After briefly rising above $31,000, bitcoin consolidated on Wednesday, as bulls moved to secure recent gains. The uncertainty came as crypto custodian Prime Trust entered receivership, after being found to be illiquid by authorities. Ethereum also declined, once again falling below $1,900. Bitcoin Bitcoin (BTC) consolidated on Wednesday, as traders opted to secure profits following…
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Bitcoin, Ethereum Technical Analysis: BTC Rebounds Ahead of US Consumer Confidence Report 

After a three-day losing streak, bitcoin rebounded on Tuesday, ahead of the upcoming consumer confidence report in the United States. Price briefly fell below the $30,000 level earlier in the session, however bullish momentum has since returned. Ethereum rose above $1,900 for a short period. Bitcoin Bitcoin (BTC) rebounded from recent losses on Tuesday, ahead…
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