While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by…
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Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of…
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Bitcoin price failed to stay above the USD 43,200 level and extended decline. BTC traded below USD 42,000 to move into a bearish zone. It is currently (05:40 UTC) down 1% in a day and is showing bearish signs and might revisit the USD 40,000 zone. Similarly, most major altcoins are also moving lower. ETH…
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The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time gas fees on Ethereum were this low, as average fees have dropped to roughly $15.13 per transfer. Ethereum Fees Slide Lower It costs less to…
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The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance in order to acquire…
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Bitcoin price started a downside correction below the USD 44,000 level. BTC even declined below USD 43,000, but the bulls appeared near USD 42,500. It is currently (11:02 UTC) consolidating near USD 43,500, with a key hurdle near USD 44,500. Similarly, most major altcoins are above important uptrend support lines. ETH spiked below USD…
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Bitcoin price climbed above the USD 45,500 resistance level. However, BTC failed to continue higher and started a fresh decline below USD 44,000. It is currently (04:17 UTC) trading near USD 43,200, with a bearish angle. Similarly, most major altcoins also declined. ETH traded below the USD 3,120 support level. XRP dropped below the…
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Prices of ethereum and bitcoin were volatile on Thursday, as markets reacted to U.S. inflation data. Bitcoin briefly recaptured the $45,000 level, but sold off after the data was released. Bitcoin Bitcoin started the day in the green, hitting the $45,000 mark in the process, however as the U.S. equity session opened, prices weighed, as…
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Bitcoin price remained well bid above the USD 43,000 level. BTC started a fresh increase and traded above the USD 44,000 level. It is currently (11:52 UTC) gaining pace and is trading around USD 45,000. Similarly, most major altcoins are gaining bullish momentum. ETH is back above USD 3,200 and might rally to USD…
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Bitcoin price attempted a fresh rally above USD 44,500, but there was no upside continuation. It is currently (04:18 UTC) trading in a key range near USD 43,900. Similarly, most major altcoins are also trading in a range. ETH is stuck between USD 3,050 and USD 3,250. XRP is facing a strong resistance near…
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