Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on. Bitcoin (BTC) is attempting to trade above $27,000 in a positive sign. In the past few days, Bitcoin’s price held above $26,000 in adverse conditions as the U.S. Dollar Index rose sharply and the S&P 500 index was…
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Polkadot (DOT) is making strategic moves to propel its development forward as bearish market conditions continue to cast a shadow over the crypto landscape. In recent weeks, the network has shifted its focus away from speculation, opting instead to double down on its commitment to technological advancement. This move was evident in the multiple presentations…
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Google’s BigQuery added 11 new public data sets for blockchain networks, allowing users to obtain a variety of data from these networks. Google Cloud’s BigQuery service just added 11 blockchain networks to its data warehouse, according to a Sept. 21 blog post. The new networks include Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism,…
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Bitcoin and the major altcoins are down from their weekly highs, but the bulls are trying to form a higher bottom, indicating buying on dips. The Federal Reserve did not hike interest rates in its meeting on Sept. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair…
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Polkadot’s DOT is recovering higher from the $3.92 support against the US Dollar. The price could gain pace if it clears the $4.20 and $4.35 resistance levels. DOT is slowly moving higher above the $4.05 resistance zone against the US Dollar. The price is trading just above the $4.15 zone and the 100 simple moving…
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Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed’s rate decision on Sep. 20. Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows…
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Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned. USD Coin (USDC), the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot. USDC issuer Circle has officially launched USD Coin on the Polkadot network, the firm announced on…
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The recovery in Bitcoin and altcoins is facing selling at higher levels, indicating that the overall sentiment remains negative. Bitcoin has been stuck inside a large range since April, indicating indecision about the next directional move. Efforts by the bears to sink the price below the support of the range were thwarted by the bulls on…
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Bitcoin remains stuck in a range, but certain altcoins are showing signs of breaking down in the near term. The bulls tried to shake Bitcoin from its slumber on Sept. 7, but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s (BTC) next directional move. Analyst CryptoCon said…
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Bitcoin and several major altcoins continue to show weakness, but a few data points do favor bulls in the short-term. Bitcoin (BTC) has been trading between $25,333 and $26,156 since Sep. 1. Typically, a volatility squeeze is followed by an expansion in volatility but it is difficult to predict the direction of the breakout with…
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