Analytics

$149 Million Lost to Crypto Market Liquidations; Here’s Who Partly Sold BTC

The ongoing market sell-off has led to nearly $149 million in liquidations for leveraged crypto traders over the past 24 hours. According to data from Coinglass, 58,200 traders were liquidated, with mostly long traders suffering losses across the majority of exchanges. In topsy-turvy trade, Bitcoin and other cryptocurrencies surged early on Tuesday before falling sharply. The largest digital …

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XRP Will Explode If This Happens, David Gokhshtein Repeats as He Considers Grabbing More XRP

Founder of Gokhshtein Media, podcaster and crypto enthusiast David Gokhshtein, has taken to Twitter to stress the importance of Ripple possibly winning against the SEC in court once again. He even stated that he is considering adding more coins to the bags of XRP he is holding already. “I want to push the XRP buy …

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Number of new cryptocurrencies surpasses 21,000 despite shaky markets

Despite its substantial volatility since the start of 2022, the cryptocurrency sector has continued to expand, as developers keep relentlessly launching new coins in an attempt to grab a piece of the potential profits for themselves. As it happens, the total number of cryptocurrencies stood at 21,022 as of September 20, according to the data …

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CAKE Technical Analysis: Breakout Rally Failing To Jumpstart An Uptrend

The CAKE technical analysis displays a bullish failure to rise above the $4.55 resistance despite the bullish breakout of a symmetrical triangle. The CAKE price action shows a bullish breakout of a symmetrical triangle struggling to rise above $4.55, leading to a potential sideways shift between $4.27 and $4.55. However, the lack of volume support …

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30% of Shiba Inu Holders Are Now Holding for Long-Term Reasons: Report

According to IntoTheBlock data, 30% of Shiba Inu holders are now holding for long-term reasons. This comes as Shiba Inu is recording more “hodlers” among its holder class. Per IntoTheBlock’s holders’ composition by time held, 30% of SHIB holders have held onto their tokens for more than a year, 67% have held within a year and …

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Bitcoin Continues Its Downward Trend AndIs Backed By Its Own Mining Hardware

Crypto Industry News: MicroStrategy CEO and Bitcoin (BTC) enthusiast Michael Saylor doubled his support for Bitcoin by clarifying issues related to the transfer of physical property values such as gold, company stocks or equity and real estate during the Australian Crypto Convention. Speaking of the evidence-of-work (PoW) consensus mechanism, Saylor emphasized that Bitcoin is backed …

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Chief market strategist expects Bitcoin to sink ‘another leg lower’ to $12,000

After the cryptocurrency market had lost $165 billion from its market capitalization in a week, Bitcoin (BTC) dropped below $20,000 and is still struggling to pull itself back above that threshold, leading market analysts to try and predict the maiden asset’s future movements. One of them is Gareth Soloway, the chief market strategist at InTheMoneyStocks.com, …

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BTC Technical Analysis: Bitcoin Grows Within Channel Teasing A Jump

BTC price action shows a bullish growth within a rising channel pattern teasing a price jump to the overhead resistance at $25,335. Key technical points:  The Bitcoin(BTC) price sustains above the support trendline and prepares for a bull cycle. The bullish reversal rally within the channel will reach the next bearish milestone at $25,335. With …

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