Bitcoin, the world’s most valuable cryptocurrency, is currently experiencing a significant decline in price. On September 11, the digital asset reached a low of $24,951, a steep drop from its previous highs in H2 2023. This unexpected dump occurred during the early trading hours of the New York session, causing widespread panic among investors. Bearish
Bitcoin
Binance Coin (BNB) has encountered a setback as it retraced from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, which is characterized by declining peaks and troughs confined within two converging trend lines. The latest data from CoinGecko shows that BNB is currently
Bitcoin has shown signs of recovery as its price gradually moves higher above $26,000. Despite this upward movement, the cryptocurrency is currently struggling to clear the $26,500 resistance zone. Bitcoin managed to stay above the $25,350 support zone, thanks to the efforts of bullish investors. They protected against a major downside break and successfully pushed
JPMorgan has recently revised its estimation of Bitcoin’s production costs, capturing attention within the industry. Previously, the banking giant had set the production cost at $21,000, but it has now been lowered to $18,000. This adjustment came as a result of the Cambridge Bitcoin Electricity Consumption Index (CBECI) updating its methodology. It highlights the significance
Bitcoin’s price has been consolidating in a narrow range above the $25,650 support zone, as bulls aim to push the cryptocurrency above the crucial $26,200 resistance. However, there are several key obstacles preventing a breakout, and the market sentiment remains uncertain. At present, Bitcoin is trading below $26,000 and the 100 hourly Simple Moving Average,
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has brought significant attention to the XRP token. This has sparked discussions and speculations about whether Ripple has the ability to control the price of XRP or not. Crypto analysts have weighed in on the matter, providing their opinions on the
The highly anticipated biography of Elon Musk, scheduled to be released on September 12, has revealed surprising revelations about the billionaire’s role in the cryptocurrency world, particularly with Dogecoin. According to a report by the Wall Street Journal, Musk has been discreetly funding the development of Dogecoin, shedding light on his significant influence on the
The crypto market has been experiencing a significant decline in recent times, resulting in a loss of enthusiasm among investors. Bitcoin futures trading volume has decreased, and open interest in bitcoin futures contracts has dropped to a 5-month low of $11.3 billion, signaling a diminishing buzz around the cryptocurrency. This downtrend is primarily attributed to
The XRP market has recently witnessed a surge in large-scale transactions, capturing the attention of the crypto community. These significant movements of XRP tokens have sparked speculation and discussion among investors and enthusiasts alike. In this article, we will delve deeper into these whale transactions and analyze their potential impact on the market. According to
The Sui Network, a rapidly growing blockchain project known for its strong community support, is about to experience a significant event. On September 3rd, a substantial amount of SUI tokens, valued at approximately $18.7 million, will be unlocked. This unlocking event carries significant implications for the market dynamics of this altcoin in the days to
