Morgan Stanley, one of the largest investment banks in the United States, has announced that it will soon allow its 15,000 financial advisors to offer Bitcoin ETF (exchange-traded fund) products to eligible clients. Interestingly, this is the first time a…
Category: Crypto Analysis
Will August Again Be A Drag For Bitcoin? Here’s What Historical Data Says
In the Bitcoin and the overall crypto market, August has long been observed as a quieter month, with historical data showing a consistent downturn in both activity and asset value during this time of the year. Coinbase’s analysis further highlights…
PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?
PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal…
Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA
Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders. Cardano Matches Ethereum In…
XRP Price Slides 10% Amid Rising On-Chain Activity And Whale Transactions; Key Supports In Focus
The XRP price has seen significant volatility on Thursday, mirroring the broader market downturn. After a strong performance in July, which saw XRP outperform even Bitcoin with a gain of over 35%, the token has now dropped nearly 10% in…
XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible?
The XRP price has been experiencing notable movements since the last week of July, closely linked to updates about a potential settlement between the SEC and Ripple. This anticipation has significantly influenced XRP’s market performance, causing a remarkable surge in…
New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days
A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar…
Bitcoin Makes Third Retest Of Historical Support, Analyst Sounds Alarm
An analyst has warned that support levels weaken the more they are retested and Bitcoin is now doing a third consecutive retest of a major such level. Bitcoin Is Again Retesting The Short-Term Holder Realized Price As explained by CryptoQuant…
Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As explained by the…
BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits
The BNB Smart Chain (BSC) experienced a mixed performance in the second quarter (Q2) of the year as the broader cryptocurrency market cooled off after a strong price surge in March. While BNB, the native token of the BSC, remained…