Ethereum’s price on August 19, 2024, stands at $ 2,582, with a 24-hour intraday range of $ 2,572 to $ 2,681. The cryptocurrency recorded a trading volume of $ 9.5 billion, contributing to a market capitalization of $ 310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, …
Bitcoin Technical Analysis: BTC Faces Continued Downward Pressure
Hedge Funds and Brokerages Dominate Bitcoin Assets, Coinshares 13F Filing Analysis Shows
A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), offers a glimpse into the strategies of key players in the bitcoin market, underscoring the […]
Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity
On August 12, 2024, ethereum (ETH) was priced at $ 2,683, fluctuating within a 24-hour range of $ 2,523 to $ 2,720. With a market capitalization of $ 321 billion and a trading volume of $ 17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing …
Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels
Bitcoin’s price on August 12, 2024, stands at $ 59,777, with intraday 24-hour prices ranging between $ 57,814 and $ 61,054. The cryptocurrency’s market capitalization is $ 1.16 trillion, supported by a 24-hour trade volume of $ 29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish …
Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching, traders should exercise caution as the market searches for stability. Ethereum Ethereum’s price is facing significant downward pressure […]
Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends PersistÂ
Bitcoin’s price reached a five-month low, dipping to $ 49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq, and S&P 500 have also shown signs …
An Analysis of Solana’s Celebrity Memecoin Invasion
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates delves into the rise of Solana celebrity memecoins. With memecoins being one of the most consistently active sectors of crypto, […]
Ethereum Technical Analysis: ETH Shows Signs of Recovery as Bulls Eye $3,400 Breakout
Ethereum is currently priced at $ 3,374, with intraday fluctuations ranging from $ 3,253 to $ 3,395. Boasting a market capitalization of $ 407 billion and a 24-hour trade volume of $ 11.49 billion, ETH demonstrates significant market activity. Ethereum The hourly chart for ethereum (ETH) depicts a sharp decline …
Ethereum Technical Analysis: ETH Eyes Bullish Rebound Amidst Consolidation
Ethereum’s price on July 22, 2024, stands at $ 3,497, showing a dynamic interplay of market forces. The cryptocurrency’s recent movements exhibit consolidation with a potential bullish resurgence. Ethereum The 1-hour ETH/USD chart reveals critical support at $ 3,411 and resistance at $ 3,565. Ethereum’s price has been oscillating within these boundaries, …
Bitcoin Technical Analysis: BTC Balances Short-Term Corrections and Long-Term Bullish Momentum
Ethereum Technical Analysis: ETH’s Bullish Momentum Continues Amid Uptrend
As of July 15, 2024, ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $ 3,341 and a market capitalization of $ 401 billion, ether has demonstrated strong performance over recent trading sessions. Ethereum The 1-hour chart illustrates ethereum’s short-term uptrend, moving from a …
Bitcoin Technical Analysis: BTC Pushes Through Resistance, Bullish Momentum Builds
Bitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance
Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $ 57,237, with a notable intraday range from $ 56,608 to $ 59,516. Bitcoin On the 1-hour chart, bitcoin shows a decline from a high of $ 59,516, forming lower …
Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $ 176 billion by June 19, 2024. These losses stem from the Fed paying out higher interest rates on reserve balances—5.4%—primarily benefiting …