Crypto analyst Ali Martinez has pointed out a crucial factor that could drive Bitcoin to reach $76,000. However, failing to achieve this milestone may lead to a significant drop in the flagship cryptocurrency’s price. Martinez’s assessment is based on the Market Value To Realized Value (MVRV) extreme deviation pricing bands, indicating a potential retest of
potential
Bitcoin Cash price has experienced a significant decline recently, falling below the $450 support level. The cryptocurrency is currently consolidating its losses and there is potential for a recovery wave if the price manages to surpass the $440 mark. However, the price is still trading below $440 and the 100 simple moving average (4 hours).
Franklin Templeton CEO Jenny Johnson recently expressed her enthusiasm for blockchain technology, highlighting its potential in revolutionizing the asset management industry. Johnson believes that ETFs and mutual funds will eventually migrate to the blockchain, citing the cost-effectiveness and efficiency of the technology. Tokenized ETFs and the Benefits of Blockchain Research analyst Kent Thune elaborates on
Dogecoin has been struggling to regain momentum after dropping below the $0.1420 support zone against the US Dollar. The cryptocurrency is currently facing key hurdles at the $0.1450 level, making it challenging for DOGE to move into a positive zone and start a fresh surge. The price is currently trading below the $0.1450 level and
Ethereum’s price is currently facing bearish momentum below the $2,950 mark, indicating a possible downtrend towards the $2,550 support in the coming days. Despite efforts to break the $2,950 resistance, Ethereum struggled to maintain its bullish position and has started a new decline. Trading below $2,920 and the 100-hourly Simple Moving Average, the price is
Russian energy firms are gearing up to target private individuals who are mining cryptocurrency at home, according to a recent report. The Russian Government Expert Council is said to be preparing to present new mining-related proposals to the Cabinet, which will be bundled into a set of crypto laws. These laws also include plans to
Bitcoin has been on a downward trend since hitting its peak in March, leading many in the crypto community to adopt a “buy-the-dip” sentiment. However, recent data from the crypto analytics platform Santiment suggests that enthusiasm for purchasing discounted Bitcoin is waning as consolidation continues around the $60,000 price level. This shift in sentiment could
Bitcoin, the premier cryptocurrency, has been experiencing a period of consolidation in terms of price since reaching a new all-time high in mid-March. This lackluster price action has raised concerns among investors, particularly with the recent loss of support at the $60,000 level. However, the slowdown is not limited to just the price of Bitcoin
The AVAX token, used on the Avalanche blockchain, currently holds the 12th position in terms of market capitalization. With over 440 million AVAX tokens in circulation and a trading volume exceeding $396 million in the last 24 hours, it is evident that AVAX is a significant player in the cryptocurrency market. However, recent price movements
The recent performance of VeChain (VET) in the cryptocurrency market has left much to be desired. Like many other altcoins, VET has faced challenges and failed to meet the expectations that were set at the beginning of the year. This decline in value has raised concerns among investors and analysts who were hopeful for a