95ab616d7ed3755e887c0c8abd77dfdd0fef68b0 Big Crypto

Dogecoin (DOGE) Seen Jumping This Month, Despite Twitter-Musk Deal Collapse

Oct 1, 2022

Dogecoin (DOGE) could not muster enough strength on Saturday as the collapse of Elon Musk’s Twitter acquisition crushed hopes for the mainstream acceptance of the coin. After the disclosure, the price of the largest memecoin in the world decreased by more than 4 percent. In recent weeks, the token looks to be reacting less strongly to Musk’s social media comments, rants included. Musk canceled his $44 billion plan to take over Twitter on Friday, alleging that the social media comp ...read more

Can Cardano (ADA) Reach $4 To Surpass Ethereum Market Cap?

Oct 1, 2022

The eighth-largest cryptocurrency, Cardano (ADA), has shown some indications of life during the last two weeks. The network’s minor improvements were what actually encouraged investors’ hope. After that, Cardano must work even harder to surpass $4 and catch up to Ethereum in terms of market capitalization. According to CoinGecko’s data, ADA is now trading at about $0.48 with a 7-day gain of almost 5%. So, without a doubt, the network requires a lot of support if it wants to mov ...read more

Bitcoin Drops Below $22,000, Is Peter Brandt’s Analysis Still In Play?

Oct 1, 2022

There are a lot of bitcoin forecasts that are circulating around the crypto space. However, pinpointing the correct level that the digital asset will fall into has been one of the hardest tasks. Nevertheless, the analysis can often try to tell what will happen next for the digital asset due to market movements and one of those analyses has been put forward by Peter Brandt, a notable name in the crypto space. Brandt Says Brace For Downtrend In a recent tweet, the market analyst and trader had pos ...read more

Data Suggests Buying On Coinbase Behind The Bitcoin Pump

Oct 1, 2022

Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the Coinbase premium gap is now above zero. The “Coinbase premium gap” is an indicator that measures the difference between the Bitcoin price on Coinbase  Pro (USD ...read more

Bulls In Control, Dogecoin Eyeing Additional Short Term Gains?

Oct 1, 2022

Dogecoin has been flashing bullish signs on its short term chart. The coin is currently trading laterally. Over the past week, DOGE registered 7% appreciation. The meme-coin has stabilised on the $0.06 support line. The key support level for the coin stood at $0.064. For DOGE to continue on a bullish path, demand for the coin has to remain in the positive. On the four hour chart, Dogecoin is targeting the $0.07 level. Although buying strength is still in the positive, there has been a minor decl ...read more

Bitcoin On-Chain Data: Miners Deposit Big To Derivatives Exchanges

Oct 1, 2022

On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls. Bitcoin Miners Have Been Transferring To Derivatives Exchanges Recently As pointed out by an analyst in a CryptoQuant post, around 4.3k BTC has exited miner reserves during the last two weeks. The “miner reserve” is an indicator that measures the total amount of Bitcoin currently stored in the wallets of ...read more

TA: Bitcoin Price Trims Gains, Key Breakdown Support Nearby

Oct 1, 2022

Bitcoin trimmed gains and declined below $21,000 against the US Dollar. BTC must stay above $20,500 to avoid a major decline in the near term. Bitcoin failed to stay above the $21,000 support and extended drop. The price is now trading below the $21,500 level and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $20,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another major decline if there is a cl ...read more

Bitcoin Signals Short Term Bullishness, Move Towards $24K Next?

Oct 1, 2022

Bitcoin has witnessed a massive plunge from the $30,000 level to $20,000 in the month of June. Price of Bitcoin has been witnessing movement within a range of $20,000 and $21,000 respectively. The short term technical outlook of the coin has been pointing towards bullishness. It is however too soon to term the upward price direction as a relief rally. If BTC manages to remain afloat above the $21,000 price mark, the coin can target the next price barrier. Buyers have shown optimism on the chart ...read more

TA: Ethereum Revisits Key Support, Can The Bulls Protect More Losses

Oct 1, 2022

Ethereum started another decline below $1,200 against the US Dollar. ETH could decline heavily if there is a close below $1,150. Ethereum failed to clear the $1,280 resistance zone and declined below $1,200. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,150 level. E ...read more

Why Bitcoin Is Undervalued According To This Expert’s “Conservative” Model

Oct 1, 2022

According to Fidelity’s Jurrien Timmer, Bitcoin is currently undervalued. The benchmark crypto has been pushed back to 2020 levels after losing over 70% of its value in the past months. Related Reading | Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000 At the time of writing, Bitcoin has begun showing some green as it makes its way back above its 2017 all-time high levels. The cryptocurrency trades at $21,900 with a 1% profit in the last 24 hours. Bitcoin At 201 ...read more

Quant (QNT) Registers Gains In Past Days – A Short-Term Upswing In Place?

Oct 1, 2022

On Saturday, the price of Quant (QNT) extricated from the seven-month-old falling wedge formation. With the continuing retest phase on Monday, buyers will verify the legitimacy of the breakout. QNT is the native cryptocurrency of the Quant Network, a blockchain platform that facilitates the interoperability of blockchains. Monday’s trade price for QNT is $75.71, a decrease of 10.2 percent over the last seven days, according to statistics from Coingecko. Therefore, if the price holds over ...read more