[ad_1] Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $62,700 and $62,500 support levels. Bitcoin Price Dips Further Bitcoin price failed to recover above the $65,000…
Author: dfrancis36
[ad_1] Though crypto trading is gaining immense popularity among potential investors, it can be a hassle to select the right investments. That’s where an AI trading bot can come in handy and help you make informed trades without putting in as much time. But just because they help you save time, doesn’t mean that they’re all built the same. So, it’s worth looking at how you can choose the right AI trading bot for your trading needs. Here are some of the factors to consider when choosing software like Alpha AI.What’s Your Risk Tolerance?Start by figuring out your risk tolerance…
[ad_1] Popular cryptocurrency portfolio tracker CoinStats is reeling from a security breach that exposed user wallets and sent scam notifications to mobile devices. The company has taken the drastic step of shutting down its platform entirely while they investigate the incident. The breach, confirmed by CoinStats on their official social media channel, compromised a yet-to-be-determined number of user-created wallets within the app. CoinStats is urging all users who created wallets on their platform to immediately transfer their crypto holdings to minimize potential losses. While the exact number of affected users is still under investigation, CoinStats advises all its wallet users…
[ad_1] The Fantom Foundation is committing up to 200 million FTM tokens to support the launch of Sonic, the network’s newest iteration. In a new blog post, the Fantom Foundation says that its treasury is aiming to expedite the immediate adoption of decentralized apps (dApps) and other partners to the Sonic network. Sonic is designed to be a high-throughput layer-1 chain with a native layer-2 chain linked to Ethereum (ETH). The Fantom Foundation says that the allocation underscores its dedication to creating “a robust and dynamic platform and community.” “Sonic’s ambition is nothing less than reinventing the future state of…
[ad_1] The cryptocurrency kingdom is abuzz with chatter of a potential changing of the guard. Bitcoin, the undisputed king for over a decade, finds its dominance challenged by a restless altcoin army. Analyst Egrag Crypto has identified a critical juncture that could spell either a surge in Bitcoin’s reign or a long-awaited altcoin uprising. Breaking The Chains: Key Levels For Bitcoin Dominance Egrag Crypto’s analysis hinges on two technical indicators: the 57.5 and 50 dominance levels for Bitcoin. These levels act as a moat around the Bitcoin castle, with implications for both the king and its challengers. Should Bitcoin breach…
[ad_1] The price of XRP, the native token of RippleNet, has been caught in the crosshairs of a bearish crypto market. Currently trading below the crucial $0.50 mark, XRP seems to be following the broader market trend. However, a recent analysis by market analyst Tylie Eric throws a glimmer of hope for XRP holders, predicting a potential price surge based on a technical indicator. Related Reading Understanding Elliott Wave Theory Eric argues that XRP’s price movements might be following a historical pattern known as the Elliott Wave theory. This theory proposes that market trends unfold in a specific five-wave structure,…
[ad_1] New data reveals the daily average volume of the stablecoin Tether (USDT) over the Tron (TRX) blockchain has surpassed that of credit card giant Visa. In a new post on the social media platform X, market intelligence firm Lookonchain notes that earlier this week, the 24-hour trading volume of Tether’s dollar-pegged digital asset over Tron was $53 billion – a nearly 10% rise on the day – while Visa’s was sitting at $42 billion. “The 24-hour trading volume of USDT on Tron Network is $53 billion, exceeding Visa’s average daily trading volume. Visa’s trading volume in Q1 2024 was…
[ad_1] Recent on-chain data suggests Bitcoin’s current woes might not yet be over as short-term holders continue to feel the heat. Bitcoin has failed to rebound significantly after a price decline in the past week, leaving many investors wondering whether to expect further declines in the coming weeks. Notably, data reveals short-term holders have been left wanting the most, especially as Bitcoin continues to trade under their realized price. Bitcoin Holders Continue Trading Under Short-Term Pain Point Short-term holders are generally known for buying into Bitcoin for only a few weeks at a time before selling for profits. Interestingly, just…
[ad_1] As the major pieces begin to fall into place, XRP may now be in a position where things are going well for its future price trajectory. While XRP enthusiasts are still reeling in amazement over Ripple’s recent win in court, a crypto analyst has dropped a bullish XRP price prediction that investors can look forward to. According to the analyst known as Jaydee, XRP is getting close to skyrocketing into new price territories. Related Reading Analyst Predicts XRP Rally To $7.5 XRP days of trading less than $1 may be ending very soon, according to a recent price prediction…
[ad_1] A popular crypto analyst has explained how the Bitcoin price could be at risk of further downside based on the current distribution of BTC supply around the price. This Bitcoin Price Range Holds A Critical Supply Barrier In a recent post on the X platform, prominent crypto pundit Ali Martinez discussed how the price of Bitcoin could suffer more decline. The rationale behind this bearish projection revolves around the average cost basis of several BTC investors. Data from IntoTheBlock shows that around 5.45 million addresses purchased approximately 3.03 million BTC within the price range of $64,300 and $70,800. As…