The CoinDesk Market Index fell by 0.8% over the past 24 hours. Bitcoin (BTC), the largest cryptocurrency by market capitalization, was down 0.8%, changing hands in a range between $19,000 and $19,500. Ether (ETH), the second-largest, followed a similar trajectory, down 0.4% to $1,300 as of press time. Original
EGLDโs price shows a spark of strength as the price bounced off from $45 with good volume.ย EGLD continues in a range-bound movement as the price aims to breakout ahead of a rally to $80.ย The price of EGLD continues to trade above the 50 Exponential Moving Average (EMA) as the price creeps in on the daily timeframe. Despite market uncertainties that have affected the prices of many altcoins in recent weeks, the price of Elrond (EGLD) has remained strong. Elrond (EGLD) has held firm, defending its support as the…
BTC was up close to 2% over the past 24 hours, while Ether rose 2.9%. Original
The S&P 500 and the Nasdaq Composite fell to a new year-to-date low last week and closed the week with a loss of 1.55% and 3.11% respectively. The scenario changed drastically on Oct. 17 after earnings season ramps up and a sharp policy reversal from UK finance minister Jeremy Hunt added detail to the government’s plan to fix his predecessor’s (Kwasi Kwarteng) fiscal package which triggered a record fall in the value of the GBP and a near liquidation of pension plans in the United Kingdom. At the time of…
Over time, the crypto market has strongly correlated with US equities, and Bitcoin has indicated a significant correlation with S&P 500 index. The price of the primary crypto asset has followed a similar pattern to the stock. Many predictions from experts on BTC were drawn from the possible outplay for the equity stock. Also, the response of Bitcoin to critical macroeconomic conditions is related to that of the stock index. Following the correlation between the two markets, some market experts give forecasts for future price trends. According to Morgan Stanleyโs…
Bitcoin and the broader crypto market surprisingly performed over the past week. At the beginning of the week, the market saw more movements to the south in most crypto asset prices. A few hours following the release of the US CPI data for September saw the entrance of the bears into the market. However, almost all the tokens had a reversal in the direction of the trend. The bull suddenly appeared and forced massive volatility pushing the assets to the north. The performance of the primary crypto asset, Bitcoin, was…
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Important Bill For Altcoin Holders Will Be Introduced June 7th. This is what you need to know! ๐ฅ Trade crypto with zero fees on FTX App. Use referral code “ALTCOINDAILY” and get up to $100 FOR FREE: Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Senator Cynthia Lummin & Michael Saylor on June 7th Crypto Bill 1:25 – Introduction (Watch the WHOLE Video) 1:44 –…
HTโs price shows strength as price cracks 77% gain despite the market displaying uncertainty.ย HT bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume.ย The price of HT shows bullish signs as the price trades above 50 and 200 Exponential Moving Averages (EMA) with good volume.ย The price movement of Huobi Token (HT) is a spectacle to behold after successfully breaking out of its downtrend that has seen the price of Huobi Token (HT) grounded against tether (USDT). Despite the current state…
Ethereum has almost made back the gains from previous weeks with yesterdayโs upside move and could be gearing up for another push above resistance. The second cryptocurrency by market cap is following the general sentiment in the market and seeing some relief after the influence of macro forces lessened, for the time being. At the time of writing, Ethereum (ETH) trades at $1,330 with a 9% profit in the last 24 hours and a 2% loss over the past week. In the crypto top 10, ETH is one of the…
Ethereumโs native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETHโs price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Etherโs downside attempts since June 2022, as shown below. ETH/USD weekly price chart. Source: TradingView In other words, traders have shown interest in buying Ethereum tokens near this level in recent weeks. Meanwhile, the accumulation sentiment has…