Bitcoin’s price trajectory has taken a full-blown hit. Recently, Bitcoin broke down from its support of $33,610 which was a multi-month higher low dating back to mid-2021. Thus, leaving a sense of unrest among investors and HODLers. However, when considering the moving average of the last 200 days, Bitcoin has dipped only 10% since theContinue reading “Bitcoin reversal or further downside? The answer is thought-provoking”

As per data presented by crypto reporter Colin Wu, the transaction volume of the Yuga Labs series has gone down, especially in the last 24 hours. He further mentioned in his tweet that Otherdeed, MAYC, and BAYC have witnessed a drop of 44%, 41%, and 30% respectively. As per statistics on OpenSea, the trade volumeContinue reading “What this rising correlation between crypto & NFT prices can mean for investors”

According to a tweet by Santiment, the Chainlink token dipped below the $10 mark for the first time in the last 18 months. At press time, the token stood at rank 28 at a price of $10.16. However, on 8 May, the price of the token did fall to $9.89 as per the UTC +5:30Continue reading “Chainlink: Despite falling below $10, this cohort continues to accumulate LINK”

At the time of writing, the Terra [LUNA] token was trading at a negative value of $65.36 that opened at a price of $68.10 for the day. As per additional data from CoinGecko, the token stood at $73.27 on 7 May, 2022 and plummeted by 10.8% as of 8 May 2022. Furthermore, the token hasContinue reading “Terra: With major whales dumping LUNA amid sell-off, the future looks…”

As per the latest data released by Santiment, on 7 May, the Ethereum network experienced a 3.4 times rise in the number of transactions as compared to any other day. The tweet further went out to state that with the ongoing market capitulation, this is the first time in the last 3.5 years that theContinue reading “Ethereum: Will ETH defeat bears despite the ongoing capitulation”

The last month has been a relatively difficult time for Bitcoin (BTC) given its poor performance with each passing week. The king coin has been witnessing a weak price action and doesn’t indicate any chances of recovery anytime soon. At press time, the token was trading at a red value of $35,816 with the AwesomeContinue reading “Bitcoin: As HODLers continue to prop up BTC, how long can it manage to stay afloat”

At press time, Bitcoin (BTC) was trading in the red zone at $35,805, over 10% lower in the last 24-48 hours as per data from CoinGecko. The token has been experiencing a hard time since this is the fifth week that BTC has been trading in the negative. Of numbers and more… As per dataContinue reading “Bitcoin: Here’s how BTC HODLers are adjusting as prices fall to $35k range”

With NFTs becoming the most sought-after thing of late, a number of investors are turning their attention toward buying, trading, and selling NFTs. With BAYC, MAYC, Doodles, and many such popular NFTs in the market, Azuki’s latest NFT collection called BEANZ Official is set to join the ‘NFT Cool Club’. What makes BEANZ so popular?Continue reading “Decoding the performance of Azuki’s latest NFT collection ‘BEANZ’”

With the king coin testing new support levels every single day, it can be said that the bear has outright refused to come out of its ongoing slumber and wishes to stay in hibernation. The last month has been extremely draining for Bitcoin (BTC) as the token fell from $46,598 on 4 April to $36,432Continue reading “Bitcoin bear running sprint or marathon? Answer might make you portfolio-sick”

Elon Musk, for some odd reason, manages to shake up the core of the cryptocurrency market each time he says, does, or even thinks something. On 4 May, Musk went ahead and changed his Twitter display picture to a collection of Bored Ape Yacht Club (BAYC) NFTs followed by a tweet about the same. Musk’sContinue reading “Elon Musk’s latest NFT gesture on Twitter had this effect on ApeCoin [APE]”

The apes, that were once a part of the earth, have made a smashing reappearance in the digital realm as part of the ‘Otherside’ sale that went live on 30 April. Numbers speak louder than words… As per data from Glassnode, the total fee amount spent on the YugaLabs sale was $227 million, which isContinue reading “‘Otherside’ records highs in fee-related metrics, here’s what you should know”

In light of the ongoing bear market, BTC reached a monthly low of $37,614 after breaking its near-term support level of $38,000. Blockchain data and intelligence provider, Glassnode pointed out that a longer timeframe of holding onto the token without any profits in the near future may pave the way for the largest capitulation eventContinue reading “Bitcoin to witness third market capitulation? The answer might amaze you”