Bitcoin price extended its decline and tested the $16,000 support. BTC is forming a base and might soon rise above the $16,500 resistance zone. Bitcoin declined further and tested the $16,000 support zone. The price is trading below $16,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if it clears the $16,500 resistance… Source link

Dogecoin price rallied by 50%, piercing several resistance levels. Crypto.com price has printed consecutive bullish divergences on the Relative Strength Index. Litecoin price might be days away from another rally. Despite Bitcoin’s bearish price action throughout November, several altcoins have served as profitable trading opportunities. Within the Crypto market, DOGE, LTC and CRO all show potential for more uptrend rallies in the coming days.  Dogecoin price… Source link

Arman Shirinyan Classic crypto is aiming for big return to top, especially if this pattern plays out as expected The weekend sale did not end on Monday, and most assets are still moving in the red zone today, with some exceptions. However, a problematic start to the week does not necessarily mean poor performance on the market by the following Monday. Litecoin shows exceptional performance Despite the depressing state of the market, Litecoin’s most recent 36% price spike puts it… Source link

Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached.  One thing miners, short-term and long-term holders have in common is they are losing in the Bitcoin market right now. According to on-chain analysis from Glassnode, the scale of both realized and unrealized losses amongst Bitcoin holders is one of the heaviest capitulation events in BTC’s history…. Source link

Protocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, made massive strides in terms of activity. Curators, Delegators, and Indexers grew on the network,… Source link

Protocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, made massive strides in terms of activity. Curators, Delegators, and Indexers grew on the network,… Source link

Key Takeaways Crypto Twitter has been sharing jokes about wETH being exploited or losing its peg. At least one media publication—Bloomberg—took the jokes at face value. Wrapped Ethereum does not have a sole custodian and does not pose a systemic threat to the Ethereum ecosystem. Share this article Over the weekend, fears circulated in the crypto community stemming from claims that Wrapped Ethereum tokens could be at risk of losing their 1:1 value against ETH. However, the claims… Source link

According to 99 Bitcoins, a website that tracks crypto obituaries, there have been 466 times someone has declared “game over” for blockchain. That’s almost certainly an undercount, if looking across financial publications, social media and interviews with experts on TV and podcasts. Even amid crypto’s bleakest winter yet, crypto boosters still seem more connected to reality than these forecasters. Source link

According to 99 Bitcoins, a website that tracks crypto obituaries, there have been 466 times someone has declared “game over” for blockchain. That’s almost certainly an undercount, if looking across financial publications, social media and interviews with experts on TV and podcasts. Even amid crypto’s bleakest winter yet, crypto boosters still seem more connected to reality than these forecasters. Source link

Ethereum’s burning rate was more than minting activities, resulting in a good supply rate Staking activities were actively operational, although it was insignificant to ETH’s price Ethereum [ETH] seemed to have sustained a good performance despite the unpleasant nature of the crypto market. This was the opinion of Easy OnChain, a CryptoQuant analyst. According to his publication, which he tagged “Ethereum Better Every Day,” the on-chain reviewer opined that ETH… Source link