Analysis News

Ethereum price started a recovery wave above $2,000. ETH is now consolidating and eyeing an upside break above the $2,120 resistance. Ethereum managed to stay above $1,880 and recovered some losses. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,200 zone. Ethereum Price Faces Resistance Ethereum price managed to form a base above $1,880 and started a recovery wave, like Bitcoin. ETH price traded above the $1,950 and $1,980 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $2,340 swing high to the $1,745...

Bitcoin price started a recovery wave from $60,000. BTC is now consolidating gains above $70,000 and faces hurdles near the $72,000 zone. Bitcoin is attempting to recover but is struggling to clear hurdles. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $69,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,500 and $67,200 levels. Bitcoin Price Holds Support Bitcoin price managed to remain stable above the $65,000 zone. BTC started a recovery wave and was able to climb above the $68,500 resistance zone. The price surpassed the 50% Fib retracement level of the recent downward move from the $78,988 swing hig...

Tether's new stablecoin aims to transform liquidity and bridge the gap between crypto and traditional finance.
The post Paolo Ardoino: Stablecoins are core financial infrastructure, Tether’s USAT enhances liquidity for US users, and the inevitability of stablecoin adoption | The Wolf Of All Streets appeared first on Crypto Briefing.

The price of XRP has shown a sheer amount of resilience after a couple of red days for the general crypto market. The altcoin has managed to return to around $1.5 over the weekend, reflecting a nearly 25% jump since reaching its latest local low. However, this fresh burst of momentum seems to be just that, a short-lived moment of positivity that might not translate to the long-term trajectory. According to the latest on-chain data, the XRP price might still be tilting more towards the bearish side of the market. Low Funding Rate Signals Reduced Appetite In Derivatives Market In a recent Quicktake post on the CryptoQuant platform, Arab Chain revealed that belief might be increasingly exiting the XRP derivatives market. This on-chain observation is based on changes in ...

Block's workforce reduction reflects a broader tech industry trend of streamlining operations amid economic challenges and strategic shifts.
The post Jack Dorsey’s Block may cut workforce by 10%: Report appeared first on Crypto Briefing.

Recent on-chain data shows that the Bitcoin price is currently at an important phase, raising suspicions as to whether the market is nearing a cyclical bottom.  Mayer Multiple Falls To 0.6 — What This Means In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Ruga Research pointed out that the Bitcoin price now has a 40% negative deviation from its 200-day moving average. This on-chain observation revolves around the Bitcoin Mayer Multiple.  Related Reading: Bitcoin Drifts Into A Deep Conviction Zone, Smart Money Stays Patient For context, the Mayer Multiple metric tracks how far a coin’s current price is trading above or below its long-term trend. This indicator is able to achieve this by dividing the price by its 200-day moving average.  When th...

Since reaching its current all-time-high price of $126,000 in October last year, the Bitcoin market has been on a sell-off, translating into surmounting bear pressure. As a result, the flagship cryptocurrency has maintained a steady decline, falling until it recently reached $60,000 — a deviation of more than 52% from its all-time high.  Bitcoin currently seems to be seeing a rebound, but price action alone reflects that it could as well be one of its short-term recoveries. Interestingly, a recent on-chain evaluation suggests that the current upward movement may be driven by a significant underlying metric. Related Reading: Bitcoin Taker Buy Ratio Signals Peak Bearish Sentiment — Relief Soon? What The Bitcoin Sharpe Ratio Is Saying In a Quicktake post on CryptoQuant,...

Ethereum (ETH) has declined noticeably over the past week, with price data from CoinMarketCap reporting a net 14% decline within this period. At the time of the most recent data, ETH is trading around $2,000, significantly lower than the past week’s level near $2,500. Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says ETH Funding Rates Signal A Bullish Turn In a QuickTake post on the CryptoQuant platform, analyst Amr Taha draws attention to recent developments in ETH funding rates, a key sentiment indicator in perpetual futures. The funding rate shows the market sentiment, whether it’s optimistic/greedy (positive) or fearful/cautious (negative). Typically, when funding is highly positive or negative, it means that too many traders are ...

Vietnam's crypto tax could enhance market transparency but may restrict exchange growth due to high capital requirements.
The post Vietnam plans 0.1% tax on crypto trades, equating them to stocks appeared first on Crypto Briefing.

The XRP price has hit oversold levels, marking its lowest readings in history. A crypto analyst has reported that each time XRP has reached these levels, a price bounce has followed. Based on this, he believes that XRP could be on the verge of another major rebound, projecting a potential rally above $2.  XRP Price Sinks To Oversold Levels Ahead Of Rebound A crypto market analyst known as ‘Ripple Bull Winkle’ on X has outlined a short-term bullish outlook for XRP. Despite consistently breaking key support levels and now trading around $1.4, the analyst argues that XRP may be positioning itself for a substantial recovery that could ultimately push its price back above $2.  Related Reading: Pundit Says XRP Price Is Not A ‘Crypto’ Question, But A Systemically Important ...