Day: November 25, 2024

Why Bitcoin (BTC) Near $100K Price is More Vulnerable to Negative News Than You Think

Yes, you read the title correctly, and it does appears contradictory. As bitcoin (BTC) nears the $100,000 milestone – a clear sign of strength – the reality is that its actually quite vulnerable to potential negative news. That’s according to the “order book skew ratio,” which shows that buyers have surprisingly pulled back their firepower as prices near six digits. The ratio measures the number of people wanting to sell, or the ask side, relative to those on the buy or the bid side. The three-day moving average of the…

Solana (SOL) Bulls Stay in Control: Rally Far From Over?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Price Builds a Base: Can Bulls Ignite a New Rally?

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XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides. XRP price started a fresh surge above the $1.40 resistance level. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is showing positive signs and might extend its rally above the $1.450 resistance. XRP…

Ethereum Price Poised for Gains: $3,600 Within Reach?

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Este artículo también está disponible en español. Ethereum price started a fresh increase above the $3,320 zone. ETH is rising and aiming for more gains above the $3,500 resistance. Ethereum started a fresh increase above the $3,300 and $3,320 levels. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $3,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,420 resistance zone. Ethereum Price Eyes…

Heco Chain retirement, urges users to redeem assets now

Huobi’s Heco Chain announces retirement, urging users to redeem HRC20 assets before Jan. 10, 2025. The Heco chain, a decentralized blockchain launched by Huobi Exchange, was backed by some of the most esteemed DeFi projects, including LendHub, which was a credit and debit protocol offering mining solutions, and MDEX, a decentralized trading platform known for liquidity and transaction mining. These projects have shaped Heco’s ecosystem, focusing on developer-friendly tools and cross-chain DeFi innovation.  HecoScan dashboard announcing HECO Network’s retirement, showcasing key metrics like HT price, active validators, and transaction trends.…

Bitcoin Price Pauses Under $100K: Bulls Eye the Milestone

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Bitcoin price is consolidating below the $100,000 resistance. BTC bulls might soon attempt to breach the stated milestone and push the price further higher. Bitcoin started a fresh increase above the $96,500 zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $98,000 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price…

Dogecoin Rally – Can This Lead To A Breakout Above $0.82?

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Este artículo también está disponible en español. Last week was another positive period for the Dogecoin price. After concluding the prior week in a phase of consolidation, the meme cryptocurrency carried this trend into the early days of the new week. However, the Dogecoin price kicked off a new 25% rally on Friday, November 22, to create a new 2024 high.  Related Reading Interestingly, this new rally saw the Dogecoin price break a bull flag to the upside. Such a rally has brought into focus the perspective of the Dogecoin…

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

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Wall Street powerhouse Cantor Fitzgerald plans to launch a multibillion-dollar lending program using bitcoin as collateral, potentially reshaping crypto-backed financing and deepening ties with Tether Holdings. Cantor Fitzgerald’s Crypto Strategy: A Pivotal Moment for Bitcoin’s Future Howard Lutnick, chairman and CEO of Cantor Fitzgerald, a leading global financial services firm, is reportedly working to bolster […] Original

Bitcoin Realized Profit Hits ATH At $443 Million – Local Top Or Continuation?

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Este artículo también está disponible en español. Bitcoin has surged past the $99,800 mark, setting a new all-time high as it inches closer to the psychological $100,000 barrier. While the milestone signals remarkable strength, the price has yet to claim this key level, leaving investors in suspense. Market demand remains robust, fueling optimism that Bitcoin will soon break above the $100,000 threshold. Related Reading Key data from CryptoQuant reveals that Bitcoin’s Realized Profit has reached an all-time high of $443 million in daily gains. This highlights significant buying pressure in…

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

If you are unfamiliar with the launch of Soneium, you need to read this article because Sony is positioning itself as a bridge for mainstream audiences into Web3. This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto […] Source CryptoX Portal