Bitcoin price remained supported near the USD 37,500 zone. BTC is moving higher and even surpassed USD 39,000 before correcting lower. It is currently (12:03 PM UTC) trading above USD 38,900, and the bulls might face hurdles near the range resistance at USD 40,000. Similarly, most major altcoins are moving higher in a range.…
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The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point…
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Bitcoin price attempted an upside correction above USD 39,000. However, BTC failed to clear the USD 39,500 resistance zone and is currently (04:22 UTC) trading near USD 38,600. Similarly, most major altcoins are trading in a bearish zone. ETH is still at risk of extending losses below USD 2,500 and USD 2,440. XRP must…
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The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency exchanges. Since This Time Last Year, Large Sums…
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Terraform Labs, the company behind the creation of Terra, has announced a new donation to support the ecosystem of the terra (LUNA) token. Do Kwon, CEO of Terraform Labs, announced that the company has donated 12 million LUNA (approximately $1.2 billion) to the Luna Foundation Guard (LFG) with the goal of continuing to grow its…
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Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter thread, Brandt noted that “crypto is still unproven,” but also said that those that know him best, know he’s been “bullish for years.”…
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Bitcoin has reclaimed the $40,000 mark in the last hour, following indications of progress in discussions between and Ukraine amid the ongoing conflict. Russian President Vladimir Putin stated that “positive movement” was being made in the negotiations on a “daily basis.” Russia is facing penalties from Western countries, among others, as world leaders criticize the…
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Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support.
Bitcoin
Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few…
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Bitcoin price tested the USD 38,250 level, but the bulls protected additional losses and the price moved above the USD 39,000 level again and is now (11:56 UTC) testing the USD 40,000 level. Similarly, major altcoins are also trying to recover losses. ETH declined to USD 2,525 before correcting higher. XRP must clear USD…
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Bitcoin price moved into a bearish zone below the USD 40,000 level. BTC even extended decline below the USD 38,500 level before somewhat recovering. It is currently (04:40 UTC) showing bearish signs below USD 38,700 and still might extend losses. Similarly, most major altcoins are trading in a negative zone. ETH is testing the…
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