Day: February 26, 2024

Bitcoin Technical Analysis: Oscillators and Moving Averages Paint a Complex Picture

boss

Amid shifting market sentiments, bitcoin’s market activity on Feb. 26, 2024, demonstrates both consolidation and fluctuation. Within the intraday, bitcoin’s value oscillated between $50,926 and $51,917, highlighting the persistent unpredictability of the crypto economy while bitcoin’s market capitalization remains over the trillion-dollar mark. Bitcoin Bitcoin’s (BTC) 24-hour trading volume hit $14.57 billion, indicating a decrease […] Original

Bitcoin (BTC) Correction Could Be Approaching

The bitcoin (BTC) price was little changed Monday, in line with subdued weekend volatility, with one trader saying it could drop to as low as $47,000. “The price of bitcoin has fallen below $51K, which is near the bottom of the consolidation range of the last eight days,” Alex Kuptsikevich, FxPro senior market analyst, told CoinDesk in an email. The CD20 broad market gauge has dropped 0.4% in the past 24 hours. Bitcoin hovered around the $51,500 mark, while ether (ETH) regained $3,100 on the back of the relatively new…

Solana Poised For Comeback – Analysts Spot Breach Of $103

boss

In the ever-uncertain world of cryptocurrency, Solana (SOL) is generating renewed interest among analysts, with some predicting a potential comeback in the near future. However, the road to recovery might be bumpy, as bullish signals are countered by lingering resistance levels and a cautious market sentiment. Technical Analysis Points Towards Bullish Reversal Analyst Ali Martinez has garnered attention with his recent analysis suggesting a bullish reversal for Solana. Based on the Tom DeMark (TD) Sequential indicator, Martinez believes a four-candle rally for SOL/USDT is imminent. This optimism is further bolstered…

Crypto Tokenization, AI Are Monitoring Priorities, Financial Stability Board Says

Monday’s letter comes ahead of a G20 meeting to be held in Sao Paulo on Wednesday and Thursday. It also outlines the group’s plan to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization in October. The board, which coordinates with 24 countries, intends to report on the financial stability implications of AI the month after that. Source

EIA voluntarily pauses Bitcoin miner survey following lawsuit over energy scrutiny

boss

A US court has temporarily suspended an Energy Information Administration (EIA) directive requiring Bitcoin miners to participate in a mandatory survey.  The decision, made by Judge Alan Albright, prevents the EIA from enforcing the Texas Blockchain Council and its members to submit survey responses or from collecting and sharing any data, including that already received, for a duration of four weeks. EIA Administrator Joseph DeCarolis announced that the agency would pause the survey on its own accord until March 22, with assurances of not penalizing non-respondents before March 25. Despite…

Experts switch to KangaMoon as Chainlink and Bitcoin Cash prices fall

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While established players like Chainlink and Bitcoin Cash slide, KangaMoon is firm in its presale. Analysts are bullish on the project, expecting it to dominate other popular meme coins. Chainlink: Relatively low risk, price down slightly InvestorsObserver recently reviewed Chainlink, and gave it a low risk assessment. Thus, Chainlink is a safer investment compared to others. Currently, Chainlink is priced around $20.01. However, there’s been a slight downward trend…

Analyst Predicts Surge Beyond $200

boss

In spite of a slight adverse trend in the crypto market, XRP has been gradually rising in recent days, fueling positive and bullish predictions from market analysts to unprecedented heights. XRP Might Rally To New All-Time High Sooner Than Expected Javon Marks, a cryptocurrency expert and internet personality, has revealed his optimism towards XRP, sharing a daring prediction regarding the crypto asset’s future with the community on the social media platform X (formerly Twitter). According to the crypto expert, XRP might be poised to undergo a significant movement that will…