PEPE, a cryptocurrency that has been gaining significant attention from traders and investors, is currently experiencing a remarkable upward trajectory. The bullish momentum surrounding PEPE reflects a strong market confidence and growing optimism about its future prospects. At the time of writing, PEPE’s price was trading at approximately $0.00001531, marking a 3.33% increase. The cryptocurrency
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Recent data from Glassnode indicates that the balances of Bitcoin and Ethereum on centralized exchanges have dropped to record lows. Bitcoin balances on exchanges are currently at 11.6%, the lowest since December 2017, while Ethereum balances have hit 10.6%, the lowest since October 2015. The decline in exchange balances has been attributed to the introduction
In the recent days, XRP price has experienced a downtrend, falling below the critical support zone of $0.5120. Despite testing the $0.5080 zone and showing signs of a recovery towards $0.5350, XRP is struggling to surpass the $0.5250 resistance level. Trading below $0.5150 and the 100-hourly Simple Moving Average, XRP is facing significant challenges in
Bitcoin’s price has shown signs of returning to a choppy market condition, dimming hopes of an imminent breakout to new highs. However, despite the current stagnation, the ongoing bull cycle may not be over yet. Recent on-chain observations reveal that Bitcoin has entered a phase known as the “Euphoria Wave” over the past few months.
Bitcoin’s recent failure to break above the $72,983 resistance level has resulted in a downward trend in its price. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has caused Bitcoin to drop from $71,942 to $66,785 and move below the SMA in both the 1-hour and 4-hour charts. This descent below
The cryptocurrency market has seen a surge in investor confidence recently, with Bitcoin emerging as a major beneficiary of this positive trend. Despite the somewhat frustrating price action that has characterized the market in recent weeks, large-scale investors have been actively accumulating BTC. Even though Bitcoin’s price ended May below the psychological $70,000 mark, there
Crypto analyst Egrag Crypto has recently put forward a bullish narrative for the XRP price, suggesting that a breakout is imminent. He outlined two possible scenarios that could lead to a breakout, potentially propelling the crypto token to as high as $7.5. Egrag shared a chart on social media that indicated a “White Triangle” breakout,
President Joe Biden vetoed H.J. Res. 109 on May 31, which was a resolution aimed at overturning the SEC’s controversial SAB 121 rule. In his statement, Biden emphasized that SAB 121 represents the “considered technical” views of SEC staff and plays a crucial role in protecting the public and investors. He expressed concerns that overturning
Crypto analyst Pierre recently shared insights into the significance of Bitcoin reaching $69,000. According to Pierre, if Bitcoin can successfully break above this price level, it may have the potential to hit a new all-time high (ATH). This would allow the flagship cryptocurrency to retest a range around $73,000, potentially paving the way for a
Near Protocol has managed to remain relatively stable in 2024 despite the market volatility, showcasing resilience amidst the crashes in the crypto market. However, signs indicate that the altcoin may have reached its peak, as a crypto analyst points out the bearish outlook following a breakout earlier in the year. At the beginning of May,