Share: MATIC whales have sent their token holdings to exchanges like Binance and Coinbase in large volumes on December 10. MATIC supply on exchanges has climbed to 9% of the token’s total supply, implying a rise in selling pressure. … [Continue reading]
Ethereum derivatives data points at bullish start for ETH in 2024
Share: Ethereum put/call ratio for options expiring on January 26, 2024 is 0.19. ETH put/call ratio is 0.38, as on December 8, according to Deribit data. Ethereum price sustained above the $2,300 level on Binance, as the altcoin printed … [Continue reading]
Solana price breaches key weekly resistance, SOL gains are likely sustainable
Share: Solana price rallied past the weekly resistance at $76, eyeing the $80 target for the altcoin. SOL price gains are likely sustainable as the asset’s on-chain metrics support a bullish outlook. Solana yielded nearly 27% weekly … [Continue reading]
Bitcoin sees massive institutional fund inflow, experts consider BTC “exponential Gold”
Share: Bitcoin’s risk-adjusted relative returns in the past five years are competitive with Gold and many other asset classes. A macroeconomic expert argues that BTC is volatile, but the volatility cuts both ways. Bitcoin funds noted … [Continue reading]
Cardano, Solana and Algorand see one of the highest social dominance days in 2023
Share: Altcoins Cardano, Solana and Algorand noted a spike in their social dominance in the past 24 hours. ADA, SOL and OP social dominance marked one of the highest levels seen in 2023. Analysts at crypto intelligence tracker Santiment … [Continue reading]
Binance capitulation to DoJ may have harmed its case against the US SEC
Share: Binance’s $4.3 billion settlement agreement with the DoJ and others supported the SEC’s lawsuit against the exchange, financial regulator says. Per the commission, the court should refer to CZ’s admissions in the settlement following his … [Continue reading]
Polkadot Price Prediction: 80% recovery rally nabbed as DOT meets critical supply barrier
Share: Polkadot price is up 80% since October 18 when the crypto market turned bullish. DOT risks a 5% correction, or worse if it fails to overcome the supply barrier extending from $7.236 to $7.575. Invalidation of the bearish outlook will occur … [Continue reading]
XRP price rise triggers whale addresses to sell 60 million XRP in three days
Share: XRP price rose by more than 3.3% in the last 24 hours to breach the resistance of $0.667. Ripple whales have managed to sell over 60 million XRP worth $40 million in three days. The MVRV ratio shows that the altcoin still has room to rally … [Continue reading]
Mexican Peso wraps up Friday’s session with gains, though prints weekly losses against the US Dollar
Share: Mexican Peso recovers from around weekly lows and reclaims the 100-day SMA. Mexico’s Producer Price Index was softer than estimated, keeping Banxico’s hopes of easing policy next year alive. US Nonfarm Payrolls in November were better than … [Continue reading]
EUR/USD Weekly Forecast: US Dollar turns north as central banks’ decisions loom
Share: A strong US labor market fueled demand for safety by the end of the week. The US Federal Reserve and the European Central Bank take centre stage. EUR/USD is poised to extend its slump in the upcoming days towards 1.0640. The US Dollar … [Continue reading]