As ethereum hovers around $ 3,543, the cryptocurrency’s technical indicators and chart patterns present a nuanced picture of its current market dynamics. Amidst a blend of neutral oscillators and mixed moving average signals, ethereum’s technical analysis reveals key insights for traders. Ethereum Ethereum’s price dynamics on April 1, 2024, showcase a cryptocurrency in the …
Bitcoin Technical Analysis: Upper Resistance Holds Strong Amidst Consolidation Phase
As bitcoin flirts with the $ 69,556 mark, its oscillation between $ 68,900 and $ 71,391 within the last 24 hours suggests a battleground for bulls and bears alike. Amidst a trading volume of $ 27.37 billion, the cryptocurrency giant showcases a current market capitalization of $ 1.36 trillion. Bitcoin …
Hong Kong Launches Second Phase of Its CBDC Pilot Program
The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong […]
Bitcoin’s Warm-up Phase: Analyst Predicts a Market Evolution That Could ‘Shock’ Traditional Finance
As bitcoin remains close to its peak price levels, a wave of positive sentiment and enthusiastic vigor is enveloping the crypto sphere. This week, onchain analyst Willy Woo, the same market strategist who asserted in November 2023 that bitcoin will probably not fall under $ 30,000 again, is of the opinion that the latest …
Bitcoin Technical Analysis: BTC in Consolidation Phase as Upper Resistance Strengthens
The leading cryptocurrency, bitcoin, has remained within a limited price range since yesterday. This followed yesterday’s quick surge to the $ 49K level, which then declined in the early trading hours of Thursday. Although there was a transient increase to the $ 47K mark, the value has stayed under the $ 46K …