Market Analysis

Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Wheat gives Bitcoin a run for its money Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting strongly to February’s consumer price index (CPI) readout. Despite

“Volatility” is the word of the month and that is exactly what cryptocurrency investors saw today as Bitcoin rallied after concerns over the Biden administration’s executive order on crypto turned out to be a ‘nothingburger’. Data from Cointelegraph Markets Pro and TradingView shows that after trading near the $39,000 mark for the past few days, the

Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Executive order enters with a whimper Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $42,000 into the start of trading on March 9. The pair had

Terra’s LUNA resumed its upward march this week, with the price of the token rebounding more than 30% in three days. LUNA’s price reached nearly $100 on March 9 following a 15% intraday rally, coming near its record high of $106 from December 2021. At its week-to-date (WTD) low, the Terra token was trading at $75.60.

Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “still fragile” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly “squeeze” through previous resistance at $39,600, going on to deliver 24-hour gains of 11.3%. Amid local highs of

Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government’s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices.  Data from Cointelegraph Markets Pro

Ethereum’s native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on March 7 as Ether’s price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the

Bitcoin (BTC) headed lower into the weekly close on March 6 with geopolitical tensions and associated macro weakness firmly in focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Could 2022 bring a “Greater Depression”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels in over a week Sunday after volatility returned overnight.

2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana’s (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date. Solana (blue) vs. Ether (orange), AVAX (purple), BNB (yellow). Source: TradingView Solana leads the staking charts with $35 billion

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows

A major rally in WAVES price this week that saw it nearly double risks faltering in the coming sessions due to a “death cross” technical pattern. WAVES price crashed 85% after ‘death cross’ in 2018 A death cross measure appears when an asset’s long-term moving average closes above its short-term moving average. Notably, on the WAVES’ weekly chart,

Bitcoin (BTC) has the potential to become a “good bet” for investors if the Federal Reserve does everything it can to keep the U.S. economy afloat against impending recession risks, according to popular analyst Bitcoin Jack. The independent market analyst pitted the flagship cryptocurrency, often called “digital gold” by its enthusiasts, against the prospects of

Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing

Bitcoin (BTC) pulled off an impressive double-digit rally this year, but the digital asset has been struggling to break the $45,000 resistance lately. This level does not hold any historical importance because it has been easily breached multiple times. The same can be said for Bitcoin’s $850 billion capitalization, which isn’t anywhere close to silver’s

Bitcoin (BTC) hit daily lows then bounced strongly on March 2 as fresh comments by the United States Federal Reserve added to macro volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: March rate hike expected “appropriate” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $43,350 on Bitstamp before the Wall Street open

Bullish optimism returned to the cryptocurrency market on March 1after a majority of tokens turned green and Bitcoin bulls telegraphed their intention to hold the $40,000 level as support going forward. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has surged 20% from a low of $37,409 on Feb.