Despite Bitcoin (BTC) price volatility and five-month lows, several key indicators still suggest that bulls are likely to prevail, suggesting that an uptrend is likely to return to the BTC price trajectory.BTC rebound prospects rise as bullish divergenceBitcoin has had a tumultuous start to the month, falling over 10.50% as of July 7, hovering around $57,000. The lowest point was when BTC reached $53,550, driven by fears of a market crash as Mt. Gox continues to refund over 140,000 BTC to customers and the German government liquidates BTC.The recent Bitcoin price decline has been accompanied by a growing divergence between…
Author: Crypto Flexs
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According to a cryptocurrency analytics platform, two altcoins that have been overlooked are sending bullish signals as fear, uncertainty and doubt (FUD) surrounding digital assets increases. According to the latest data from market intelligence firm Santiment, low-priced altcoins such as decentralized finance (DeFI) platform Balancer (BAL) and decentralized application builder Chromia (CHR) are expected to rally after short sellers face liquidation. “Altcoins with very low funding ratios are a good sign to buy on the crowd FUD right now. There are three major assets that stand out as projects with a lot of short positions on Binance in the last…
Leading cryptocurrency exchange Bitfinex has released its latest update, version 1.99, which focuses on improving performance and user interface (UI) elements. According to blog.bitfinex.com, the update includes several key improvements and bug fixes to streamline users’ trading experience. Major Improvements The latest update brings several notable improvements. Clickable buy and sell prices in Market Mode allow traders to quickly execute orders. Bitfinex Securities has an updated look and feel, along with a list of security tokens. The search functionality in the token dropdown has been improved to include the currency symbol and label from Bitfinex…
KAS has fallen 11.80% over the last 7 days. Despite the downward trend, the trend is still up. On June 30, KAS surged 20% in a matter of days, as reported by AMBCrypto. However, a week later, KASPA fell 11.80%, causing panic among long-term KASPA holders. Despite the decline, the market is optimistic with positive market sentiment. Therefore, various analysts are predicting a surge in market cap. KAS market cap has surged over the past 30 days, outpacing PEPE and ICP. Cryptocurrency analyst @Sukie shared her predictions for X (formerly Twitter), saying: “$KAS reaching $100B+ MC is not about being…
Following Bitcoin and other top coins, Ethereum is in the red and bleeding at the spot price. In short, Ethereum has fallen 20% from its May 2024 high, easily breaking $3,300, and the bears’ short-term target is $3,000. Ethereum Down, But Analysts Expect Bullish: Here’s Why However, even amid this seller frenzy, some analysts remain resistant and expect prices to recover in the coming sessions. In particular, QCP analysts said The options market is showing a reliable bullish signal, so take note. Interestingly, the surge in bullish betting comes amid the impending approval of a spot Ethereum exchange-traded fund (ETF).…
Bitcoin (BTC) closed above $57,000 for the week of July 7 as markets recovered from a “massive bearish divergence.”BTC/USD 1-hour chart. Source: TradingViewTraders See ‘Positive Signals’ in BTC Price Daily CloseAccording to data provided by Cointelegraph Markets Pro and TradingView, BTC price action is consolidating in a range that is about 8% above the weekly low of $53,500.This price occurred after the market closed on July 5th and represents the lowest level for BTC/USD since late February.However, despite the “after-hours” weekend trading, Bitcoin bulls managed to recover some of the lost ground, leaving the lows as an exception as of…
Aayush Jindal is a financial market guru with over 15 years of experience in Forex and Cryptocurrency trading. Known for his exceptional ability to provide technical analysis, Aayush is a trusted advisor and chief market expert to investors worldwide, guiding them through the complex landscape of modern finance with his sharp insights and insightful chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey to become one of the most respected figures in the Forex and Cryptocurrency trading…
The Celo Foundation has announced the successful launch of the Layer-2 testnet Dango, developed by core contributor cLabs. According to the Celo Foundation, this development represents a significant milestone in the evolution of the Celo blockchain ecosystem. Transition to Layer 2 The transition to Dango, originally proposed at EthCC 2023, involves forking the Alfajores testnet. This move will allow ecosystem developers to begin migrating their projects to a new Layer-2 blockchain designed for fast, low-cost payments worldwide. All previous data on Alfajores, including smart contracts, accounts, and balances, will be preserved and carried over during…
Bitcoin Falls Changes Market SentimentBitcoin is on the verge of a significant market shift as it plunges below the psychological $60,000 level, with a further drop to $50,000 possible. This prediction comes from 10x Research, which attributes the downtrend to a combination of declining buying and accelerating selling. On July 4, the Bitcoin price fell sharply from $60,000 to $57,000. 10x Research analyst Markus Thielen noted that signs of an overbought market had been evident since early June, suggesting a necessary correction. The break of the $60,000 support level is a significant event that indicates a significant change in market…
Ethereum (ETH), the leading smart contract platform, generates significantly more revenue from annual fees than any other blockchain. According to new data from cryptocurrency tracking site Lookonchain, the top altcoin earns $2.728 billion in annual fees, which is more than five times that of its closest competitor, Tron (TRX), which earns $459.39 million in annual fees. Ethereum also gained more than twice as much as Bitcoin (BTC), the largest cryptocurrency by market cap, which gained $1.3 billion over the same period. Source: Lookonchain/X Other top fee-generating chains analyzed by Lookonchain include smart contract platform Solana (SOL) with $241.29 million in…