Tag: Price

Solana Price Jumps, But Network Adoption Remains Weak

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On-chain data shows the Network Growth indicator has continued to fall for Solana recently, a sign that adoption of the asset has remained weak. Solana Network Growth Has Been Declining According to data from on-chain analytics firm Santiment, SOL’s recent price recovery has come despite a drop in the Network Growth. This metric measures the weekly total number of addresses that are coming online on the blockchain for the first time. A wallet comes “online” on the network when it participates in some kind of transfer activity. Thus, the wallets…

Bitcoin price forms bullish reversal pattern while weekly ETF outflows hit $681M

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U.S. spot Bitcoin exchange-traded funds shed around $681 million over the past week as institutional demand appears to be losing momentum. Despite this, charts show a highly bullish pattern remains at play. Summary Bitcoin price has rebounded back after a bearish week. Bitcoin ETFs logged $681 million in net outflows over the past week. An Adam and Eve pattern was observed on the daily chart.  According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $681 million in net outflows over the past week, dated Jan. 5-Jan. 9.  Fidelity’s…

Dogecoin Price Reacts as New DOGE ETF from 21Shares to Go Live This Week

Key Notes 21Shares clears final SEC step to launch its spot Dogecoin ETF on Nasdaq under ticker TDOG. Dogecoin price holds near $0.140 as trading volume rises after ETF confirmation. Market signals remain mixed as traders watch early ETF demand. Dogecoin DOGE $0.14 24h volatility: 2.4% Market cap: $23.01 B Vol. 24h: $1.23 B price moved slightly higher after confirmation that a new spot DOGE exchange-traded fund from 21Shares has cleared final steps with United States regulators and is expected to begin trading this week. This will add another regulated…

XRP Price Approaches Resistance, Setting Up a Make-or-Break Moment

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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…

Ethereum Price Builds Momentum, But Follow-Through Is the Real Test

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Ethereum price failed to clear the $3,200 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,180 level. Ethereum started a downside correction below $3,200 and $3,180. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $3,125 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,080 zone. Ethereum Price Attempts Fresh Recovery Ethereum price failed…

Bitcoin Price Recovery Bid Emerges, Resistance Still Looms Large

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Bitcoin price started a downside extension below $92,000. BTC is now recovering from $89,220 and might face barriers for a fresh increase near $92,000. Bitcoin started a recovery wave above $90,000 and $90,500. The price is trading above $91,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $90,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $90,000 zone. Bitcoin Price Attempts Recovery Bitcoin…

Bitcoin Price Remains Below 50-Week Moving Average — What This Means

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

XMR Price Reaches $500 for the First Time Since 2021 After Zcash Falls

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Key takeaways: Monero (XMR) surged past the $500 mark for the first time since its peak in May 2021. The privacy-focused cryptocurrency briefly touched $500.66 after rising more than 6% on Sunday and 20% over the past week. That brought it closer to its record high of around $517.50, established in April 2021. XMR/USD daily chart. Source: TradingView Zcash fiasco stirs XMR price rally Monero’s ascent contrasted sharply with the turmoil engulfing its privacy coin rival, Zcash (ZEC). On Wednesday, the Electric Coin Company (ECC) team behind Zcash resigned en…

Bitcoin price forms a bullish pattern ahead of US CPI data, SCOTUS ruling, CLARITY markup

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Bitcoin price held steady above the key support level at $90,000 as traders waited for the upcoming US inflation report, SCOTUS ruling on Donald Trump’s tariffs, and the CLARITY Act. Summary Bitcoin price remained in a tight range on Sunday. The United States will release the latest US inflation report on Tuesday. The Senate will have a markup of the CLARITY Bill this week. Bitcoin (BTC) was trading at $90,590 on Sunday, a few points below the year-to-date high of $94,470. It remains much higher than the November low of…