Bitcoin’s 7% drop to $64k: A setback or setup for $70k?

Short-term investors’ profitability fell but could be a price support for BTC. The SSR decreased, indicating that buying power in the market was solid. If Bitcoin‘s [BTC] drop in price presents an opportunity for investors, it could be a fleeting chance. However, this may hold true only if the past pattern of the Spent Output … Read more

The Big Dip: ADA, SOL, AVAX fall by over 6%, what now?

ADA, SOL and AVAX witnessed a massive decline in prices over the last few days. All these L1s showed similar performance in terms of TVL and DEX volumes. Despite a stellar performance by altcoins in the past few months, their price rallies have been abruptly stopped by recent developments. Each token has suffered significant price … Read more

Only 6 altcoins in the top 50 have outperformed Bitcoin this year

Six of the top 50 cryptocurrencies based on market capitalization have surpassed Bitcoin’s performance in 2023, while Bitcoin’s dominance touched a three-year peak recently. Dogecoin (DOGE), a memecoin among the top 50 cryptocurrencies, has been the top gainer this year with approximately 77% growth. Its value rose from $0.09 on January 1st to $0.15 at … Read more