Bitcoin attracted record-breaking inflows of $3.55 billion last week, even as its price neared historic highs and investors avoided short products. Across the broader digital asset market, investment inflows totaled $5.95 billion, which is the largest weekly inflows ever recorded. CoinShares believes this surge indicates a delayed reaction to the FOMC’s interest rate reduction, coupled […]
Ethereum (ETH) started October strong as it gained almost 9% within the first three days and reached close to $4,500 by Friday. The crypto asset’s current setup appears to be on the verge of breaking out from a re-accumulation phase. Its bullish path hinges on holding $4,700 support. Bold ETH Forecast According to the analysis […]
Around $165 billion has entered the crypto market over the past 24 hours, pushing total capitalization to $4.16 trillion, a little shy of its all-time high as digital asset momentum returns. “Risk appetite is incredibly strong,” and at near record levels, observed the Kobeissi Letter, commenting on leverage equity exchange-traded funds. That risk has extended […]
Ethereum’s price is rebounding aggressively after the recent decline from the $4,800 area. Investors are now hopeful for another push toward the $5,000 level and beyond in the coming weeks. Technical Analysis By Shayan The Daily Chart ETH has successfully defended the $4,000 support zone, bouncing from the area. This zone overlaps with the 100-day […]
TL;DR Ethereum’s inability to decisively reclaim the crucial $4,000 resistance could result in a more painful price drop to and even below $3,500, said Ali Martinez. In contrast, other analysts remain optimistic about its future trajectory, outlining that Q4 and Q1 are just around the corner, periods that have been historically very bullish for ETH […]
The past day wasn’t kind to the cryptocurrency markets, as bitcoin slumped below a crucial support level and dipped to a three-week low of under $109,000 yesterday. Most altcoins crashed even harder, which is why the leveraged liquidations have skyrocketed to nearly $1 billion, according to CoinGlass. BTCUSD. Source: TradingView It was less than a […]
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum had a tough week after losing support at $4,000. Its price also closes with a 13% loss. This correction is quite significant and comes after bulls failed to move ETH above $5,000. Since then, sellers have had the […]
Crypto markets spent most of the weekend flat but have taken a dip over the past few hours in the usual Monday morning retreat. All three US stock indices hit new all-time highs on Friday, driven by Fed rate cut optimism and tech sector strength. Market sentiment was also supported by positive vibes from the […]
The entire cryptocurrency market turned red on Monday morning after the relatively calm weekend trading, but the altcoins are leading the pack this time. At the same time, bitcoin has also retreated but in a more modest manner, which has increased its dominance over the market. Cryptocurrency Market Overview. Source: QuantifyCrypto The chart above demonstrates […]
Ethereum (ETH) suffered a fresh decline of 1.5% over the past day as it hovered near $4,520. Despite the sluggish price action, the asset has entered an extraordinary new accumulation phase. In fact, new data show that balances held by Accumulating Addresses have more than doubled in just under four months. ETH Hoarding At Record […]