Ripple’s XRP continues to experience a corrective phase following its significant breakout in August, as buyers face challenges in re-establishing dominance over the crucial overhead supply zone. The current structure indicates that the market may require additional consolidation prior to the emergence of another sustained directional movement. On the daily timeframe, XRP’s significant rally from … Read more
XRP has been the focus of significant price forecasts historically, yet this particular prediction stands out. Despite being rejected at $1.70 a few weeks prior following a significant surge in mid-August, Ripple’s cross-border token has nonetheless increased by 40% from its multi-year lows recorded less than a month ago. This has led many analysts to … Read more
Cryptocurrency markets were encouraged by dwindling predictions of a quarter-percentage rate hike by the Federal Reserve in the FOMC decision to be published on September 16. The easing in global bond yields, the U.S. dollar’s retreat, and hopes for favourable regulatory measures in the U.S. contributed to the increase in cryptocurrency prices. Overall cryptocurrency market … Read more
The selling that ensued after U.S. airstrikes on Iran exhibited uneven distribution. Solana and Tron each experienced a decline of over 3% in the last 24 hours, whereas Bitcoin saw a reduction of approximately 1%. This disparity indicates that traders prioritised liquidating their more volatile positions while maintaining their investments in the foundational asset. Bitcoin … Read more
Following a vigorous breakout in August, Bitcoin is currently in a phase of consolidation. However, given its position well above the 200-day moving average, the daily market structure continues to exhibit a strong bias toward buyers. After reaching a high of just over $81,000, Bitcoin is presently valued at approximately $78,840. The move commenced at … Read more
Sentiment in the cryptocurrency market remains cautious as participants await the speech by Fed Chair Kevin Warsh at the Jackson Hole economic symposium. The speech occurs against the backdrop of persistent PCE-based inflation and an increase in longer-term bond yields, which are linked to concerns regarding the fiscal situation and substantial public debt. The speech … Read more
Bitcoin, the leading cryptocurrency, reached a high of $81.2k in the last 24 hours but has since fallen to $78,933. Overall crypto market capitalisation, which reached a peak of $2.71 trillion in the past 24 hours, has subsequently decreased to $2.65 trillion, indicating an overnight decline of 0.32 percent. The CMC Crypto Fear and Greed … Read more
Bitcoin has approached $80k, and cryptocurrencies are trading positively amid a mixed global market environment. The CMC Crypto Fear and Greed Index, which monitors sentiment within the cryptocurrency market, has ascended to the Extreme Greed zone, reaching a level of 81. The index registered a value of 78, indicating Greed, just a day prior, while … Read more
Bitcoin’s price experienced a sudden decline to $75,500 following its inability to sustain levels above $77,000 over the weekend. Most altcoins have mirrored this trend, particularly the largest ones, which exhibited significantly stronger performance on Friday and Saturday. This volatility, atypical for the weekend, emerged alongside reports that one of the leading market makers, Wintermute, … Read more
Bitcoin is maintaining overnight gains of nearly one percent, despite a mixed sentiment in the cryptocurrency markets, influenced by a rise in bond yields and an increase in global crude oil prices. Sentiment on Wall Street has been influenced by the significant increase in long-dated bond yields. In the context of a 0.34 percent overnight … Read more
