Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours

Cardano (ADA) received a fresh wave of optimism and buying volume on Feb. 26 that pushed the price of ADA to a new all-time high of $1.29, making Cardano the third-ranked cryptocurrency by market capitalization.  Data from Cointelegraph Markets and TradingView shows that ADA surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume.  ADA/USDT 4-hour chart. Source: TradingView Momentum for the project has been building throughout the month of February following the integration of…

Price analysis 2/26: BTC, ETH, ADA, BNB, DOT, XRP, LTC, LINK, BCH, XLM

Bitcoin and most major altcoins remain rangebound with the exception of Cardano. Every bull market witnesses periodic pullbacks, where the weaker hands sell anticipating a top and the stronger hands accumulate for the long term. Data from Coinbase Pro shows two large Bitcoin (BTC) outflows this week, suggesting that institutions are likely continueing to buy the current dip. Comparing historical data, on-chain analytics resource Whalemap, recently said that previous macro tops in Bitcoin in 2017 and 2019 coincided with thousands of large Bitcoin transactions worth $5-7 million. However, the researchers…

Bitcoin price flies solo? Institutional crypto push may be overrated

In the history of financial markets, there are only a few tradable assets that have conquered this frontier. Currently, Bitcoin has the eighth-highest market cap among all tradable assets in the world, including equities and commodities. Among the top 10 exchange-tradable assets, it sits right above Tencent, which Bitcoin flipped on its eventual surge past the $1 trillion mark, below which stands Facebook, which was flipped earlier this month. Bitcoin is only one step away from surpassing Google and two steps away from silver. Considering the history of commodities like…

Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here

Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.” “No FOMO in sight” for BTC During the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million.  When investments of that amount hit a peak, price action began to…

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off

Bitcoin (BTC) hit fresh local lows on Feb. 26 despite what appear to be ongoing largescal institutional buy-ins. New lows despite bullish signs Data from Cointelegraph Markets and TradingView showed BTC/USD $44,150 during Friday trading — last seen two weeks ago — after a rebound to $50,000 fizzled overnight. Bitcoin had seen good news in the form of asset manager Stone Ridge planning to become the first Bitcoin mutual fund, along with major corporate purchases from MicroStrategy and Square. These, however, failed to stem the bearish mood, with 24-hour losses standing…

Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains.  Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to the $52,000 in the morning trading session. BTC/USDT 4-hour chart. Source: TradingView While the rebound in the cryptocurrency market is a welcome sight for bullish investors, Bitcoin price is still finding resistance…

Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price

Bitcoin Cash (BCH) holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10, having been surpassed by other cryptocurrencies including Litecoin (LTC) and Chainlink’s LINK. BCH/BTC. Source: TradingView After three years of continuous devaluation, BCH finally traded below 0.01 Bitcoin (BTC) on Feb. 22. Besides being psychological support, it marks a 96.5% devaluation from its highest close of 0.285 BTC on Aug. 2, 2017. Even…

Ethereum Price & Technical Analysis: ETH is Not Done Correcting

On Thursday, February 25th, the ETH is correcting, trading at 1,618 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of ETH/USD. Bordier & Cie ScmA started trading crypto. Ethreum dropped significantly upon renewing the high. On W1, ETH/USD keeps correcting in an uptrend. The aim of the decline might be the next Fibonacci level – 38.2%. The MACD histogram is above zero, which means that growth should resume soon. The signal lines of the indicator have crossed the zero line and keep growing, additionally supporting the trend. The Stochastic…

What Bitcoin price levels will invalidate the short-term bearish scenario?

The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level. If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises. BTC/USDT 4-hour price chart (Binance). Source: TradingView $51,600 is the key level to watch According to Josh Olszewicz, a cryptocurrency trader and technical analyst, the $51,600 level is currently acting as a strong resistance level. For Bitcoin to retest the all-time high at $58,000 and initiate…

Bitcoin’s Price Action Since the Beginning of 2021

If you follow the cryptocurrency markets, there’s no doubt you’ve been keeping an eye on the industry leader, Bitcoin (BTC). Most BTC-watchers are used to getting dizzy from all the ups and downs, but lately, the crypto star has been setting new high time and time again. Of course, there have been several deep retracements immediately after a few of the high points. For the most part, the story for the coin in 2021 has been up, up, and away, giving new meaning to an old song title. What’s the…