Bitcoin (BTC) faces an uphill battle at the start of the week as it tries to recover from a 15% price drop. Following a destructive weekend for crypto, traders are recovering from their losses — yet Bitcoin is showing signs of rebounding. This week, awareness of global politics is crucial, as some analysts draw parallels … Read more
The Solana Foundation attributes the recent network congestion problems to a high number of requests for block space along with delays in applying necessary patch updates for its networking infrastructure. During an exclusive interview with CryptoMoon at Paris Blockchain Week, Austin Federa, the strategy lead at Solana Foundation, discussed their initiatives to tackle recent problems … Read more
ETH’s fall has caused holders to rethink their belief in the coin’s potential. The MVRV ratio showed that altcoin was undervalued. Based on AMBCrypto’s findings, it appears that investors holding Ethereum [ETH] over a prolonged period share similar concerns regarding its future prospects. After analyzing the Long-Term Holders Net Unrealized Profit/Loss (LTH-NUPL), we discovered some … Read more
PEPE saw its market structure flip bearishly, indicating further losses were likely. The on-chain metrics flashed a strong buy signal, but market sentiment remained fearful. Pepe’s price failed to hold $0.00000581 for a second attempt, resulting in a nearly 50% drop over the last five days. A significant portion of these losses occurred between April … Read more
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