Bitcoin and the broader cryptocurrency market are experiencing a slump today, adding further pressure to an already tense market sentiment. Despite reaching a 13-month high of almost $31,700 last week, Bitcoin’s momentum has been dwindling since, with its price consistently falling below the 20-day Exponential Moving Average (EMA) this week. The indicator could now be…
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Chainlink rose by as much as 20% earlier in today’s session, as markets reacted to the release of its Chainlink Cross-Chain Interoperability Protocol (CCIP). Traders were buoyed by the news, pushing the token to its highest level since April in the process. Stellar rose to a one-week high today. Chainlink (LINK) Chainlink (LINK) was one…
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Stellar Lumens (XLM), the cryptocurrency that powers the cross-border payments-focused Stellar Network, has regained its spot as the best-performing cryptocurrency in the top 100 by market capitalization over the last 24 hours, having rallied around 24% over this time period…. Read More: Stellar Price Prediction as XLM Rallies 24%, $700 Million Trading Volume Comes In…
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Since July 12, 2023, the cryptocurrency market has expanded by a staggering $60 billion within a mere 48 hours. The majority of this growth transpired after the decisive Ripple Labs case verdict, resulting in bitcoin’s dominance dipping from 50% to its present level of 48.6%.
Ripple Labs Case Verdict Triggers $60 Billion Crypto Market Expansion…
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Broader cryptocurrency markets are a little higher on Thursday, but remain stuck within recent ranges, with Bitcoin (BTC) just above $30,000 and Ether (ETH) in the mid-$1,800s. Markets continue to balance optimism about potential upcoming spot bitcoin ETFs, which helped spur a recent recovery in sentiment, against macro headwinds. These include strong US data…
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Bitcoin (BTC) has fallen below the critical support level of $27,000 for the first time in almost two months, raising concerns about the immediate future of the cryptocurrency market. With skittish macro conditions and lingering uncertainties surrounding the US debt ceiling and the possibility of a recession, the crypto market is facing a challenging periods,…
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Bitcoin’s price has continue dto rebound today from recent setbacks, reaching an intra-day high of $28,650 as market participants anticipate a robust monthly finish. This positive momentum was accompanied by favorable macroeconomic indicators from the US, particularly the February Personal Consumption Expenditures (PCE) index, as headline PCE rose 5.0% annually leading February and core PCE…
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The Federal Reserve was facing a tough decision as it weighed the stability of the banking system against economic stability in its interest-rate decision–but decided to hike rates by 25 basis points Wednesday in an effort to continue to curb inflation and give its vote of confidence in the stability of the financial system…. Read…
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The Stellar (XLM) price remains in a long-term downtrend. After seeing an all-time high of nearly $0.81 on May 10, 2021, XLM’s price has fallen massively. Currently, XLM is 90.6% down from its ATH. Since October 2021, Stellar has also been in a descending trend channel. At press time, XLM was trading at $0.0822. Thus,…
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Stellar (XLM), the 27th ranked cryptocurrency in terms of market capitalization, managed to pump its spot trading price by 2.1% over the last 24 hours. At press time, according to tracking from Coingecko, the asset is changing hands at $0.112 and has been down by 3.3% and 4.4% on is biweekly and monthly charts, respectively.…
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