In Brief Dogecoin’s price, despite the short-term recovery, is still vulnerable to further corrections on the daily chart. The investors have been pulling back from the meme coin, which is evident in the OI dropping by 1 billion. Their optimism has been missing since the beginning of the month and could stay that way for…
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In Brief Fantom’s price has failed two attempts at breaching the resistance block it has been under for the past three weeks. MACD shows that the altcoin has a shot at recovery as a bullish crossover can be seen forming on the 8-hour chart. A buy signal is also being flashed on the price DAA…
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In Brief Bitcoin and Ethereum options face expiry, with notional values of $1.39 billion and $1 billion, respectively. Bitcoin’s current maximum pain point is $61,000, highlighting a key level that traders should be aware of. Although market volatility expectations are high, the impact of options expiry is generally short-lived. Friday has come, which means it’s…
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In Brief SHIB may reach new highs or sink due to key technical levels. Bullish SHIB signals hint at a potential rise to $0.000072323. Bearish risk if SHIB dips below $0.000021, may trigger selling. Shiba Inu (SHIB) stands at a critical point. As traders watch closely, SHIB faces potential turning points that could propel it…
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In Brief Ethereum’s price is looking to break out of a descending wedge, which targets the rise at $4,000. The unrealized profits of ETH holders show that there is still considerable optimism among investors. ETH whales are also actively conducting transactions on the network, which could keep the liquidity high. Ethereum (ETH) price is noting a sharp…
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In Brief Deutsche Bundesbank study shows 86% of Germans open to a digital Euro, indicating shifting sentiment on digital assets. Potential CBDC adoption could lead to significant declines in cash holdings and bank deposits, impacting the banking sector. The study highlights the need for careful CBDC policy design to maintain financial stability amidst potential transformative…
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In Brief Dogecoin’s price is moving in a falling wedge, and it is expected to rally upon breakout. The MVRV Ratio shows that DOGE is in the opportunity zone, which triggers a reversal. DOGE has seen rising conviction among investors, which is key to supporting a rally. Dogecoin’s (DOGE) price is declining on the daily chart,…
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In Brief Six new spot Bitcoin and Ethereum ETFs starts its debut on the Hong Kong Stock Exchange (HKEX). The ETFs are available in HKD, USD, and RMB, with promising opening prices and innovative features. Industry experts express optimism about Hong Kong’s future as a crypto-friendly financial hub. Hong Kong has made a significant stride…
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In Brief Vitalik Buterin has responded to community concerns regarding the network’s transition from PoW to PoS. Buterin emphasized the necessity and benefits of this shift, citing concerns over PoW’s centralization. Despite Ethereum’s successful transition to PoS, regulatory scrutiny, particularly from the SEC, persists. Ethereum co-founder Vitalik Buterin has responded to community concerns about the…
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In Brief DTCC has decided to impose a 100% haircut on all investment instruments backed by crypto assets. Some analysts speculate that this move could lead to reduced liquidity and increased risk for investors However, others argued that the DTCC decision might not significantly affect crypto ETF performance. The Depository Trust and Clearing Corporation (DTCC)…
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