Tag Archives: crypto market

Analyst Reveals Bitcoin’s ‘Chopsolidation’ Phase Nears End—Are New Highs in Sight?

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Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend. This period, he suggests, may be drawing… Continue reading Analyst Reveals Bitcoin’s ‘Chopsolidation’ Phase Nears End—Are New Highs in Sight?→

Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?

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Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark. Bitcoin’s… Continue reading Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?→

PolitiFi Memecoins Soar: Trump-Themed Tokens Rally 30% Ahead Of US Elections

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Just hours away from the US presidential elections, PolitiFi tokens have seen a remarkable boost. The sector has experienced a nearly 10% surge in the last 24 hours, with Trump-themed memecoins leading the way. Following the recent performance, some investors forecast a massive rally for these tokens in the coming days. Trump-Themed Memecoins See 30%… Continue reading PolitiFi Memecoins Soar: Trump-Themed Tokens Rally 30% Ahead Of US Elections→

Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?

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Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym ‘datascope,’ has highlighted the relevance of the UTXO Block Profit/Loss (P/L) Count Ratio Model. This tool offers unique insights into the balance of profitability and losses among… Continue reading Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?→

SUI Eyes Potential Breakout Amid Market Retrace, Is $2.3 Next?

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After recovering from the market retrace, SUI is trying to reclaim the $2 mark and break out from a bullish pattern. Some market watchers suggested the cryptocurrency will pull some “big moves” toward a new all-time high (ATH). SUI Recovers From Halloween’s Correction As October ended, the crypto market saw a spooky correction led by… Continue reading SUI Eyes Potential Breakout Amid Market Retrace, Is $2.3 Next?→

Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?

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Mt. Gox, which was once the largest cryptocurrency exchange globally before its shutdown in 2014, recently transferred 500 Bitcoin (worth roughly over $34 million) to two unidentified wallets. This transaction, conducted early Friday, marked the first transfer from the defunct exchange since late September of this year. Details Of The 500 BTC Transfer Blockchain analytics… Continue reading Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?→

Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?

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Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.’ As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts. Rise… Continue reading Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?→

TRON Reclaims Its Crown With 43% Dominance In Altcoin Transactions

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The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains. According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30. This… Continue reading TRON Reclaims Its Crown With 43% Dominance In Altcoin Transactions→

Bitcoin Faces Fifth Consecutive Rejection At $72,000, Is Another Correction Coming?

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Ahead of its monthly close, Bitcoin (BTC) has seen another unsuccessful attempt to reclaim the $72,000 resistance as a support level. Despite the drop, some analysts consider the cryptocurrency is still in a strong position for an upcoming breakout, setting the next levels to watch. BTC’s Sweet 16 Party Turns Spooky Bitcoin, the largest cryptocurrency… Continue reading Bitcoin Faces Fifth Consecutive Rejection At $72,000, Is Another Correction Coming?→

Analyst Says It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700

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On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Ethereum Retests $2,700 Ethereum surged above a key resistance level on… Continue reading Analyst Says It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700→