As positive sentiment and FOMO push Bitcoin and altcoins prices to a year-high, crypto traders are eagerly awaiting major events this week that could potentially trigger another rally. One of the key events on their radar is the U.S. Federal Reserve's Federal Open Market Committee (FOMC) Meeting on October 31 and November 1. The outcome of this meeting will determine whether the Fed will proceed with further interest rate hikes or opt for a 'pause'.
A pseudonymous analyst known as Credible Crypto believes that Bitcoin (BTC) is preparing for a parabolic surge. With a growing following, Credible Crypto shares his insights on social media platform X.
The Ethereum-based decentralized exchange Uniswap (UNI) has recently experienced a significant amount of network activity, accompanied by strong selling pressure. However, crypto analyst Ali Martinez suggests that Uniswap may be on the verge of a trend reversal.
In conclusion, Solana, Chainlink, and Arbitrum are all showing positive signs in the market. Investors may consider buying SOL at $26-$28, LINK at $9.60-$10.00, and ARB at $0.85-$0.88 for potential gains. However, it is important to conduct thorough research and exercise caution when investing in altcoins.
Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, recently testified in court about the failure of Alameda Research to hedge its assets. According to court transcripts, Bankman-Fried revealed that as of June 2022, Alameda's assets had not been hedged, which coincided with a significant dip in value from $40 billion to $10 billion.
The Cardano price has experienced a significant recovery in the last two weeks, driven by a 'Double Bottom' pattern and an overall uptrend in the broader crypto market. The price of ADA has surged by 23.38% from a monthly low of $0.24 to its current trading price of $0.296. However, there are potential challenges that buyers need to consider amidst the current market volatility.
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In a recent post, MicroStrategy's founder Michael Saylor emphasized the exceptional performance of Bitcoin compared to traditional investment options. This article explores the cumulative returns of Bitcoin and its resilience over the years.
Bitcoin price has encountered strong resistance around the $35,000 mark, leading to concerns about a potential correction in the altcoin market. Despite the recent uptrend, the price has hit a wall near $35,000, meeting the upper resistance trendline of a channel pattern that has been forming for over a year. Retests of this trendline have historically resulted in significant corrections.
The co-founders of crypto analytics firm Glassnode believe that the approval of a spot-based Bitcoin exchange-traded fund (ETF) by regulators will trigger a significant influx of capital into the cryptocurrency.
New data from a market intelligence firm has shed light on the current situation of Shiba Inu (SHIB) and Floki (FLOKI) holders. The data reveals that a significant percentage of SHIB and Floki holders are currently experiencing losses.
Crypto analytics firm IntoTheBlock has identified a key metric that suggests Bitcoin (BTC) has entered the initial stages of a bull market cycle. The market-value-to-realized-value (MVRV) ratio, which compares Bitcoin's market cap to its realized capitalization, is behaving similarly to previous bear-to-bull market transitions.
The outcome of the U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for October 31 and November 1, 2023, is expected to have a minor impact on stock prices and the price of Bitcoin (BTC). However, the key factor that traders are eagerly awaiting is the subsequent comments on the U.S. economic outlook in Fed Chair Jerome Powell's speech.
Developers of the Shiba Inu project have initiated a ‘surprise’ step towards a unique SHIB self custodial identity. This leaves scope for a potential SHIB price rally in the lead up to the countdown.
The Shiba Inu price has recently rebounded off the lower trendline of a falling wedge pattern, signaling a possible end to its correction phase. However, the current recovery rally may face some challenges due to overhead supply pressure. This article explores the recent price movements of Shiba Inu and provides insights into its future performance.
A Dogecoin (DOGE) address that has been dormant for 9.8 years has suddenly resurfaced, sparking a new wave of interest and speculation. This dormant address, which belongs to a whale, contains a total of 5,392,984 DOGE worth approximately $372,461 at the time of writing.