Over the past week, bitcoin and ethereum each gained 10% against the U.S. dollar. Several other crypto assets saw double-digit increases, with the meme token mog coin (MOG) leading the pack with a 54.9% rise. The week’s largest decliner was render token (RNDR), which fell by 7.19%. Top Crypto Performers of the Week Seven-day metrics…
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Artificial Intelligence (AI) and cryptocurrencies are both prominent tech trends that have caught the public’s attention in recent years. Now, the intersection of these technologies has led to the development of AI crypto projects, which use specialized tokens as the working currency for AI platforms based on blockchain. These tokens offer users the ability to…
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Joining the broader cryptocurrency market uptrend today, Render Token (RNDR) has exhibited bullish price action for most of the day. The RNDR price touched its 50-day moving average for the first time in almost two months earlier today. However, selling pressure has once again pushed the cryptocurrency back to its familiar consolidation resistance zone of…
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If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin prices crumbled after the United States Securities and Exchange Commission (SEC) announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two…
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The cryptocurrency industry is in turmoil, with Coinbase and Binance experiencing a massive outflow of over $4 billion in recent days. This is due to the allegations by the SEC of federal securities law violations, leading to a significant number of users leaving these exchanges. Given these circumstances, how might this impact the selection of…
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BTC’s chart is beginning to look bullish, and ADA, QNT, RNDR and RPL could rally if Bitcoin price breaks out to the upside. The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the…
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Bitcoin price could be gearing up for a decisive move, which could set the stage for XRP, LTC, RNDR and CFX. Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering.…
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The battle between Bitcoin and the $27,000 mark continues, with the cryptocurrency struggling to make headway in the face of mounting economic challenges. However, a ray of hope is beginning to break through the macroeconomic clouds as Federal Reserve Chair Jerome Powell suggests a possible abatement in rate increases. In the face of mounting cryptocurrency…
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Tether, the largest stablecoin issuer and one of the most controversial companies in crypto, announced a new investment strategy today: the company will allocate up to 15% of its reserves to buy and hold Bitcoin. The strategy moves away from Tether’s long-held conservative investment approach and shows that the company believes that Bitcoin is the…
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Bitcoin’s value has once again dipped under $28,000, influenced by various factors such as the dwindling interest in the PEPE meme cryptocurrency, Binance issues, and Bitcoin congestion problems. The well-known exchange temporarily halted Bitcoin withdrawals over the weekend due to what they claimed was Bitcoin congestion problems, and despite resuming service on Sunday evening, concerns…
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