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The recent developments in the cryptocurrency space have indicated that Ethereum has entered oversold territory, which could potentially lead to a bullish price rally. Various crypto analysts have pointed out that historically, whenever the relative strength index (RSI) is in or near oversold territory on the 3-day chart, ETH tends to see a rally or
The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This underwhelming performance brought the three-month average to 86,000, significantly lower than the 202,000 jobs added the previous year. Despite the lackluster job growth, there was a silver lining in
Toncoin (TON) has recently experienced a significant drop in price, with it currently trading 40% lower than its peak in June. This sharp decline has left nearly 80% of its investors at a loss, highlighting the impact of negative news on the cryptocurrency market. The price of Toncoin started declining after the arrest of Pavel
The current percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has reached its lowest point so far this year, resembling levels last seen back in October 2023. This significant decrease in the UTXOs metric coincides with the ongoing downward trend in the price of bitcoin (BTC) and the general decline in the cryptocurrency market.
In a recent development, a federal judge has denied Coinbase’s attempt to dismiss a proposed class action lawsuit filed by shareholders. This lawsuit accuses the leading US crypto exchange of misleading investors about the possibility of facing legal action from the US Securities and Exchange Commission (SEC). The ruling by US District Judge Brian Martinotti
As the crypto market continues to experience turbulence amidst the looming threat of a US recession, popular crypto analyst Dan Gambardello recently shared his insights on the potential future of the Cardano (ADA) price. With a substantial following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and crypto investors due to
Arthur Hayes, the co-founder of BitMEX, recently shared a pessimistic view on the immediate future of the Bitcoin price. In a post on his X profile, Hayes revealed his market strategy and stated, “BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I am
The ApeCoin ecosystem has recently unveiled a groundbreaking Blueprint that aims to steer its future development in an innovative direction. At the core of this ecosystem lies ApeChain, the blockchain layer that is dedicated to catering to the needs of both developers and users within the ecosystem. With a primary focus on enhancing the discovery
In the fast-paced world of cryptocurrency trading, staying updated on the latest news, trends, and community discussions is crucial for investors looking to make informed decisions. The market is highly responsive to social narratives, and having a deep understanding of these narratives can give traders an edge in protecting their portfolios and investments in digital
