Bitcoin is trading at $124,297 to $124,430 over the past hour with a market cap of $2.47 trillion and a 24-hour trade volume of $51.11 billion, dancing in a tight intraday range between $122,538 and $124,418. Less than 1% away from its all-time high, the world’s largest cryptocurrency is swaggering just below the summit with […] Original
Bitcoin’s wonderful rally to a new all-time high of $125,700 on Sunday was met almost immediately by a sharp correction. This sudden pullback, which is expected given the all-time high, saw Bitcoin break below $123,000 in less than two hours after the new record. Interestingly, on-chain data shows a notable increase in whale activity during and after the all-time high to and from exchanges. One such example is a massive $200 million Bitcoin transfer into Binance, a move that appears to have been a calculated profit-taking action by a whale…
Key Notes Top cryptocurrency exchange Binance has announced its listing of the Aster token. Multiple trading pairs, such as ASTER/USDT, ASTER/USDC, and ASTER/TRY pairs, will be accessible to users. As a result, the ASTER price surged by 2.19% after an earlier drawdown. Following the announcement that leading cryptocurrency exchange Binance will list Aster (ASTER) on its platform, the token’s price has surged. This is not entirely unexpected, especially when a major digital asset service provider lists a token. Moreover, the broader cryptocurrency industry is experiencing a bull run, which is…
Key Notes CAKE price jumped over 7% as PancakeSwap introduced CAKE.PAD. All CAKE fees from CAKE.PAD events will be permanently burned, fueling deflation. The simplified participation model is expected to drive wider user adoption and utility. Pancakeswap’s native token, CAKE, is on a powerful bullish run. The coin soared over 7% in the past 24 hours, with trading volume spiking by nearly 87%. Over the past week alone, CAKE has surged almost 40%, extending its monthly gains to an impressive 50%, according to CoinMarketCap. The explosive move comes as the…
Key Notes Spot Bitcoin ETFs recorded $3.2 billion in inflows last week, aiding the Bitcoin price rally. Analysts such as Michael van de Poppe expect a brief correction below $121,500 before Bitcoin resumes its upward move. Institutional activity and macro factors continue to guide price action, as analysts see a rally to $150,000 by year-end. Bitcoin BTC $124 126 24h volatility: 0.9% Market cap: $2.47 T Vol. 24h: $51.56 B price has shown major strength, hitting the highs of $125,559, coinciding with the 5% upside in Japan’s Nikkei 225 Index,…
Bitcoin (BTC) starts its first full week of “Uptober” fresh from a new all-time high. What lies in store for BTC price action next? Bitcoin snags a new record over the weekend, but traders expect some consolidation before heading toward $150,000. BTC price support retest targets focus on $118,000 and above. Classic bull-market gains may take longer to become reality, says an AI-based BTC price prediction tool. Macroeconomic cues are expected to come from Federal Reserve officials this week amid the ongoing US government shutdown. Crypto market sentiment just avoids…
Key Notes Ethereum retests key resistance at $4,600 as whales show strong buying activity. A whale recently opened a 15x leveraged long position on ETH worth $68 million. Technicals hint at a potential breakout if ETH closes above $4,650. Ethereum ETH $4 565 24h volatility: 0.6% Market cap: $550.76 B Vol. 24h: $31.51 B is once again testing the crucial $4,600 resistance level after an active trading week. At press time, ETH is trading at around $4,565, nearly flat over the last 24 hours but showing a 16% surge in…
While the Bitcoin price seems to have deviated completely from the four-year cycle that dictated the previous bull and bear markets, there are still some similarities that remain that suggest that it could still play out in a similar way. The major similarity that has emerged is the formation of a bearish crab pattern back in 2021, and now, the same pattern has reappeared. Thus, taking a look at the direction of the 2021 formation could give an insight into where the Bitcoin price is headed next from here. The Pattern…
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…
While Bitcoin treasury companies accumulated $1.2 billion in BTC last week, analysts suggest that Bitcoin’s new all-time high was more likely driven by inflows into Bitcoin exchange-traded funds. Bitcoin went on to spike coming into the weekend, hitting a new all-time high of over $125,000 on Saturday. Bitcoin (BTC) treasury companies purchased more than 6,702 coins over the week, led by Japanese investment firm Metaplanet, which added 5,258 Bitcoin on Oct. 1. In comparison, spot Bitcoin ETFs recorded a net inflow of $3.24 billion last week, nearly matching their record…