Bitcoin (BTC) has been consolidating inside the $18,000–$20,000 price range since mid-June, pausing a strong bear market that began after the price peaked at $69,000 in November 2021. Many analysts have looked at Bitcoin’s sideways trend as a sign of a potential market bottom, drawing comparisons from the cryptocurrency’s previous bear markets that show similar price behaviors preceding sharp bullish reversals. Here are three strikingly similar trends that preceded past market… Source link

Monero [XMR] bulls managed to achieve a 9% upside in the last seven days. However, this is a relatively low upside compared to the gains that some top coins garnered during the same time. Here’s AMBCrypto’s price prediction for Monero (XMR) Monero’s latest upside was less enthusiastic compared to its sharp bounce in June and July. This performance may indicate a lower demand, especially from whales and institutions. A look at Monero’s price chart reveals that the… Source link

Monero [XMR] bulls managed to achieve a 9% upside in the last seven days. However, this is a relatively low upside compared to the gains that some top coins garnered during the same time. Here’s AMBCrypto’s price prediction for Monero (XMR) Monero’s latest upside was less enthusiastic compared to its sharp bounce in June and July. This performance may indicate a lower demand, especially from whales and institutions. A look at Monero’s price chart reveals that the… Source link

Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become. Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25. Two days, half a billion dollars of ETH shorts It is not just Bitcoin (BTC) causing the bears severe pain this week — data from exchanges also shows that Ethereum shorters have suffered heavy losses. ETH/USD… Source link

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Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses. Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction. Bitcoin hodlers shrug off Q3 tech results The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks. At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major… Source link

Cryptocurrency is built on the promise of decentralization, which means that no person or company has all the power over crypto purchases or transactions. While this is great, it is only some of what the cryptoverse is about. Ethereum (ETH) and Litecoin (LTC) are two top cryptocurrencies for mining and generating profit, but they are not focused on building communities. This created a huge disadvantage because users and the environment nowadays want to be a part of the crypto space’s… Source link

The cryptocurrency market is saturated with projects at the moment. With new tokens being introduced and the existing ones battling with the bear markets, it can be confusing which crypto you should invest in. Therefore, top investors must research the market deeply to unravel rare opportunities. Investing in a single coin in this stormy market might be too risky. So, diversifying your portfolio with potential coins is always a smart move. To help users make better decisions, here’s a… Source link

Cryptocurrency is built on the promise of decentralization, which means that no person or company has all the power over crypto purchases or transactions. While this is great, it is only some of what the cryptoverse is about. Ethereum (ETH) and Litecoin (LTC) are two top cryptocurrencies for mining and generating profit, but they are not focused on building communities. This created a huge disadvantage because users and the environment nowadays want to be a part of the crypto space’s… Source link

During the Asian session, the Bitcoin price is trading bearish at $20,244 after getting rejected at the $21,000 resistance zone. Likewise, Ethereum has completed a 61.8% Fibonacci retracement at $1,550 and is now heading lower, losing more than 3% in the last 24 hours to trade at $1,504. Major cryptocurrencies were trading in the red early on October 28 as the global crypto market value lost momentum, plunging from $1 trillion… Source link