Ethereum has been experiencing a significant downturn, characterized by a sharp drop in price after retracing to the lower boundary of a broken wedge pattern. This decline is further exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. These technical indicators point to a bearish
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The recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory. This suggests that investors are less likely to put money into the
Recent developments in the cryptocurrency market have indicated that Ethereum has entered oversold territory. This news has sparked optimism among investors and analysts, with many predicting a significant price rally for the second-largest crypto by market cap. Crypto analyst Titan of Crypto recently suggested in a social media post that Ethereum is poised for liftoff,
Trading in the financial markets can be an exhilarating experience, but it also comes with its fair share of challenges and stress. The need for quick decision-making and constant vigilance can be daunting for many traders. This is where trading bots step in. These automated tools are designed to carry out the heavy lifting, making
Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit percentage has recently hit a low point, signifying a potential rally in the cryptocurrency market. This decline in UTXOs aligns with the current downward trend of Bitcoin’s price and the broader crypto market. Analysts suggest that this could be a crucial indicator of an incoming bullish movement for
The US jobs report released on Friday fell short of the general expectations for over 160,000 new job positions to be filled. Instead, the report revealed that local employers added 142,000 new jobs in August, a number lower than the anticipated figure. This disappointing job growth trend is concerning as it indicates a slowdown in
Toncoin (TON) has experienced a significant downturn since reaching its peak in June. The once-promising cryptocurrency saw its price drop by 40%, leaving a large majority of investors at a loss. This sharp decline comes in the wake of negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging
In a recent turn of events, a federal judge has denied Coinbase’s motion to dismiss a class action lawsuit filed by shareholders. The lawsuit alleges that the popular US crypto exchange misled investors about the likelihood of facing legal action from the SEC. The judge’s ruling emphasized that Coinbase and its top executives may have
Amidst troubling forecasts of a potential US recession, popular crypto analyst Dan Gambardello recently provided a comprehensive analysis of the future of the Cardano (ADA) price. With a significant following on YouTube, Gambardello highlighted the unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. In this
Arthur Hayes, the co-founder of BitMEX, recently shared a pessimistic outlook for the immediate future of the Bitcoin price. Hayes predicted that BTC would drop below $50k over the weekend. This bold statement was accompanied by Hayes revealing that he had taken a short position in the market. Hayes did not explicitly state his reasons
