Search results for: pons

The count of BTC whale transactions above $1 million clinched a two-year low Negative sentiment around BTC still lingers in the market Pegged at 4331 at press time, the count of Bitcoin [BTC] whale transactions that exceed $1 million marked its lowest spot since December 2020, data from Santiment revealed.  There is a strong correlationContinue reading “Bitcoin could witness a rough start to 2023; are these BTC holders responsible?”

Singapore-based crypto exchange Crypto.com published its proof of reserve on 11 November and Shiba Inu [SHIB] took center stage. The move to publish the proof of reserve was in line with an industry-wide effort to enhance transparency. This was following the bankruptcy of the world’s second largest exchange, FTX. Crypto.com shared data related to itsContinue reading “The FTX aftermath: Exchanges shoulder this shared responsibility of…”

The last 24 hours have been a rollercoaster ride for FTX and its customers. From withdrawals getting suspended to rival Binance pulling out of the much-anticipated acquisition deal, account holders of the Bahamas-based crypto-exchange have gotten increasingly anxious regarding their funds.  TRON’s Justin Sun in on it Curiously, TRON Founder Justin Sun extended his supportContinue reading “Justin Sun’s FTX ‘solution’ meets tepid response from the community”

OpenSea had been quiet on the zero-royalties conversation debate that had been bubbling up in the Non-Fungible Token (NFT) arena, but it finally took a position. There had been discussion about whether or not creators’ royalties should be enforced, made voluntary, or eliminated altogether. OpenSea’s response made it seem like content creators had prevailed inContinue reading “OpenSea’s response to NFT royalty has the NFT space divided”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Shiba Inu witnessed a patterned breakdown, can the buyers reclaim their edge? The funding rates revealed an increasing edge for buyers but the price was yet to follow. Shiba Inu [SHIB] has struggled to oscillate beyondContinue reading “Assessing Shiba Inu’s [SHIB] probable response to this breakout”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana approached its three-week resistance mark. Can it induce a near-term rally? The altcoin witnessed an uptick in its funding rates The long/short ratio revealed a slight bearish edge in the short term Solana’sContinue reading “Solana: Predicting SOL’s likely response to this resistance range”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum [ETH] registered a double-digit loss over the last ten days after an expected pulldown from its supply zone and up-channel. The subsequent decline below the EMA ribbons has now created a relatively conduciveContinue reading “Ethereum: Predicting ETH’s likely response to this breakout “

Bitcoin’s [BTC] decline to the $18,500 price region marked the second-lowest low of the bear cycle. As per Glassnode‘s latest report, 11.8% of the coin’s supply has been turned into an unrealized loss.  Furthermore, in the last week, the price per BTC rallied from the second lowest low of the current bear market ($18,649) toContinue reading “Are Bitcoin short-term holders responsible for current market downturn”

BC.GAME, the award-winning best crypto casino of 2022, and the Argentine Football Association (AFA) have entered into a global agreement that will open an international pathway for both brands to reach a broader audience and create new activities that will bring the companies and its players closer together.  Fans and players from all over theContinue reading “BC.GAME becomes Argentine Football Association’s global crypto casino sponsor!”

Analytic firm Glassnode, in a new report, found that the Bitcoin [BTC] market remains highly volatile. Heavily impacted by the downturn of the broader financial markets, the king coin looks uncertain in the short term. In contrast, the market remains consistent and follows well-developed trends in the longer term.  In its assessment, Glassnode considered how differentlyContinue reading “Are Bitcoin short-term holders responsible for recent weakness”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the last ten weeks, Bitcoin [BTC] observed choppy movement, with the price lingering around its high liquidity level. Something evidenced by the Point of Control line (POC, red). BTC saw a relatively dullContinue reading “Bitcoin: Predicting BTC’s likely response to this support level”

Sharing a statistically significant positive correlation with Bitcoin [BTC], the price of Ripple’s XRP has been impacted by the price decline suffered by the king coin in the past seven days. Exchanging hands at $0.3422 at press time, the price per XRP dropped by 12% within that period. So far this month, the token hasContinue reading “Ripple whales would be responsible for XRP’s next bull run and this is why”