Introduction: Ethereum has been on a steady uptrend over the past few weeks, with the cryptocurrency’s price now surging above the $1,700 resistance level against the US Dollar. The 55 simple moving average on the 4-hour chart is also showing a bullish trend, indicating potential further gains for Ethereum. In
Introduction: Bitcoin has been on a bullish run for several weeks, and the upward sentiment continues to be strong. On Monday, Bitcoin was trading above $28,000, while Ethereum was trading close to $1,800. The rise in cryptocurrency prices comes as central banks around the world take coordinated action to enhance
Introduction: Ethereum, the second-largest cryptocurrency based on market cap, has been experiencing a downtrend since November 2021. However, the first day of the week showed signs that buyers were attempting to dominate the market. In this article, we will provide a detailed analysis of Ethereum’s price movements and its current
Introduction The cryptocurrency market has been showing signs of recovery this week, with Bitcoin leading the way. This rally has been fueled by the Fed’s indirect monetary policy expansion, which has boosted demand for risky assets and benefited Bitcoin. In this article, we will explore how Bitcoin has emerged as
Introduction Bitcoin has been gaining popularity among investors as a safe-haven asset in recent weeks, as its correlation with gold strengthens and its relationship with stocks weakens. The ongoing banking turmoil, triggered by the collapse of SVB, has led to a significant decline in the stock market, but Bitcoin seems
Introduction Bitcoin (BTC/USD) has been hovering around the $25,000 figure in the Asian session, with recent buying and selling pressures affecting its price movements. In this article, we will provide a technical analysis of Bitcoin’s recent trends and price movements, including retracement levels, buying and selling pressures, and potential upside
Bitcoin Cash Analysis Shows Bullish Trend Bitcoin Cash (BCH) has started to increase in value, surpassing the $115 and $120 levels against the US dollar. The current price is trading above the $120 zone and the 55 simple moving average (4-hours). Recent analysis indicates that there is a key bullish
Ethereum (ETH) saw a decline of 2.82% on Wednesday, closing the day at $1,657. The decline was attributed to contagion risk resurfacing, with the focus turning towards Credit Suisse. The Swiss bank has been in the news recently due to the collapse of Archegos Capital Management, which led to a
EOS price started a fresh decline from the $1.15 resistance zone against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours). There was a break below a key rising channel with support near $1.10 on the 4-hours chart of the EOS/USD pair
In this article, we explore a new framework for thinking about the crypto ecosystem as a series of networks that produce intrinsic and extrinsic value. By viewing cryptocurrencies as economies, we can gain a clearer understanding of the space and navigate it more easily. Introduction: The world of cryptocurrencies can
The collapse of Silicon Valley Bank has sent shockwaves across financial markets, impacting numerous crypto companies including Circle, the issuer of USDC stablecoin, which revealed its $3.3 billion exposure to the bank. The Impact of Silicon Valley Bank’s Collapse on USDC Stablecoin The catastrophic collapse of Silicon Valley Bank, one
German software giant SAP announced on Monday that it has agreed to sell its stake in data analytics firm Qualtrics for $7.7 billion as part of the acquisition of Qualtrics by funds affiliated with financial investor Silver Lake. The transaction is valued at $18.15 in cash per share, corresponding to