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
Over the weekend, the value of Paxos’ digital currency backed by gold reached a new peak. This surge came against the backdrop of increasing geopolitical tensions in the Middle East, causing some people to wonder if gold-backed assets like this one might be a better safe-haven investment than Bitcoin. On April 13, the price of … Read more
XRP’s price dropped by more than 11% in the last 24 hours. A few market indicators suggested that the bearish trend might change. After the market downturn, Ripple‘s [XRP] price has seen frequent drops without indicating any signs of bouncing back. A potential price drop may be on the horizon, as the most recent token … Read more
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
Based on the analysis of a market expert, a significant amount of Bitcoin (BTC) might be released by miners in the ensuing months after the halving event, similar to past trends. According to an analysis by Markus Thielen, the head of research at 10x Research, Bitcoin miners might sell approximately $5 billion worth of Bitcoin … Read more
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