|All Time High:|
|Market Cap: |
|The price of #HIT today is $0.00000958 USD.|
The lowest HIT price for this period was $0, the highest was $0.00000958, and the exact current price of one HIT crypto coin is $0.00000957550.
The all-time high HIT coin price was $0.00103.
Use our custom price calculator to see the hypothetical price of HIT with market cap of BTC and how the supply of HIT affects the price at different market capitalizations.
|The code for HitChain crypto currency is #HIT. |
HitChain is 4.1 years old.
|The current market capitalization for HitChain is $588,319.|
HitChain is ranking downwards to #1428 out of all coins, by market cap (and other factors).
|The trading volume is medium during the past 24 hours for #HIT.|
Today's 24-hour trading volume across all exchanges for HitChain is $163,522.
|The circulating supply of HIT is 61,440,000,000 coins, which is 60% of the maximum coin supply.|
Relatively, HitChain has a large supply of coins, 2,793 times larger than Bitcoin's supply, for example.
|HIT has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 2 crypto exchanges.|
View #HIT trading pairs and crypto exchanges that currently support #HIT purchase.
|Note that there are multiple coins that share the code #HIT, and you can view them on our HIT disambiguation page.|
More HitChain (#HIT) News
|Ethereum Name Service (ENS) Breaks Out, Can Price Hit $20?
ENS price continues its bullish structure after a reclaim of the $15 region as the price stays on track to retest major resistance.
ENS trades above key support as price reclaim 8 and 20-day EMA. The price of ENS aims to continue its rally as the price shows bullish strength after breaking out of the descending triangle. Ethereum Name Service (ENS) has looked more decent in price action against tether (USDT) after breaking out of a descending triangle to set up a more bullish sentiment. The price of Ethereum Name Service looks set to breach the $20 mark. Ethereum Name Service (ENS) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with BNB price looking more stable for a retest of key resistance at $20. (Data from Binance)
Ethereum Name Service (ENS) Price Analysis On The Weekly Chart. Despite struggling to break above $17 in recent weeks, with the price rejecting its weekly support, the ENS price has managed to hold its key support at $14; with so much uncertainty in the market about where it is headed, the price of ENS showed great strength in that region.
Despite the current bear market that has made trading even more difficult, the price of ENS continues to show strong signs of recovery and has surpassed its monthly return on investment (ROI) for major cryptocurrencies.
After retesting a weekly low of $12.5, the price of ENS has recently rallied to around $15 but has been rejected in an a...
|SAND Has Just Been Added On Binance US – Will It Hit $1 In The Com...
SAND is the native token of the Sandbox metaverse and is used to facilitate gameplay transactions such as purchasing digital land and interacting with user-generated content.
Sandbox started out as collaboration between Pixowl and developer Onimatrix
Binance listed SAND and is already available for trading on its platform
The token is responding positively with this development, trading at $0.86 as of press time
Along with the crypto asset and NFT-type LAND tokens, SAND makes it all possible for Sandbox to give its users the best gaming experience.
Released as a mobile game in 2012, Sandbox started out as collaboration between Pixowl and developer Onimatrix.
Six years later, in 2018, Animoca acquired Pixowl and announced intentions to leverage blockchain technology to create a 3D world and take advantage of token economics and user-generated content.
In August of 2020, an Initial Coin Offering (ICO) was held by Sandbox and was able to raise $3 million that was then used in funding its future operations.
SAND Is Now Binance-Listed
Both Binance U.S. and Sandbox has already confirmed that SAND has been listed by the cryptocurrency exchange.
The token responded positively as it showed a considerable price movement. As of this writing, according to tracking from CoinGecko, SAND is trading at $0.8644.
Its current price is higher than its $0.83 closing price on October 4 when the announcement about the listing was made.
With this development, SAND was able to break free from its s...
|Biggest Movers: DOGE, XRP Hit Highest Point Since Late September
Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high.Dogecoin (DOGE)
Dogecoin (DOGE) was one of today's notable movers, as the meme coin hit its highest level in over a week.
Following a low of $0.0606 on Tuesday, DOGE/USD rallied to an intraday high of $0.06646 earlier today.
The move saw the token continue to trade above a resistance level of $0.0640, hitting its strongest point since September 24.
Looking at the chart, it can be seen that prices have declined, which came as the 14-day relative strength index (RSI) hit a resistance point of 60.00.
This collision has since prompted traders to exit previous positions, securing earlier profits in the process.
The memecoin continues to trade above its $0.0640 level, with the 10-day (red) moving average also trending upwards, which could be a sign of further gains to come.
Another relatively big mover on hump day was XRP, which also rose close to a one-week high in today's session.
XRP/USD hit a high of $0.4938 earlier, which came as prices of the token rose for a third consecutive day.
This rise in price saw XRP hit its highest point since September 30, and it moved closer to a key resistance level in the process.
Looking at the chart, the token edged closer to this $0.510 mar...
|Uniswap Token (UNI) Forms Rounded Bottom, Can Price Hit $7.5?
UNI price creates more bullish sentiment as price forms rounded bottom below key resistance as price aims to break above. UNI closes the week with two bullish candlesticks.
The price of UNI breaks and holds above 8 and 20 EMA. Uniswap token (UNI) has had a rough start to the year and has failed to hold key support as the price of Uniswap token (UNI) had a spiral from a high of $45 to the current price of $6.5 as price aims to break out from its long downtrend movement. The price of UNI has struggled to keep up with Bitcoin's (BTC) range movement as this has affected most altcoins, including the price of UNI. (Data from Binance)
Uniswap Token (UNI) Price Analysis On The Weekly Chart
The cryptocurrency market hasn't had the best price movement in recent times, but that doesn't mean that some crypto assets haven't shown great strength in bouncing from their lows and breaking out of their downtrends to establish bullish momentum.
Despite showing less price movement in recent weeks, the price of UNI has continued to trade below the key resistance level of $6.6, preventing a rally to new highs.
UNI's price fell from a high of $45 to a low of $3.5 as it bounced off that region, quickly rallying off to a high of $8, but the price was rejected as it continues to struggle to break out of its price range.
The price of UNI ended the week looking more bullish as bulls pushed the price to break the resistance at $6.7, setting up a more bullish price movement for the price of UNI ahe...
|Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2?
LIT price creates more bullish sentiment as price hold above daily 50 EMA
LIT looks more stable as bulls breakout of a descending triangle
The price of LIT could face major resistance at $1.2
Litentry (LIT) has had a rough start to the year, but that could be shelved aside as the price looks more bullish recently against tether (USDT). Litentry (LIT) price has seen more of a downtrend in the bear market than an upside with the price struggling to regain the bullish structure and has failed each time with Bitcoin (BTC) price falling to a region of $18,700 affecting the price of the altcoin. (Data from Binance)
Litentry (LIT) Price Analysis On The Weekly Chart
The crypto market hasn't had the best price movement in recent times, but this can not rule out that some crypto assets have continued to show great strength bouncing from their lows and breaking out of their downtrends to establish a bullish momentum.
Despite showing less price movement in recent weeks as the price continued to trade below the key resistance level of $0.7, preventing the price of LIT from rallying high.
The price of LIT closed the weekly price looking more bullish as bulls pushed the price to break the resistance at $0.7, setting up a more bullish price movement ahead of the new week for the price of LIT.
The price of LIT faced price rejection from a region of $0.75 from trending higher after the news from the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) had a negativ...
|Bitcoin 30-Day Long-Term Holder SOPR Is Yet To Hit Bottom Values
On-chain data shows the Bitcoin 30-day long-term holder SOPR hasn't yet reached the historical bottom level during the current cycle.
Bitcoin 30-Day Long-Term Holder SOPR Has Declined Recently
As pointed out by an analyst in a CryptoQuant post, the long-term holders haven't attained their maximum pressure point yet.
The 'Spent Output Profit Ratio' (or SOPR in short) is an indicator tells us whether the average Bitcoin investor is selling at a profit or at a loss right now.
When the value of this metric is less than 1, it means the overall market is realizing some amount of profit currently.
On the other hand, the indicator having values than the threshold suggests that investors as a whole are moving coins at a loss at the moment.
'Long-term holders' (LTHs) are a cohort of Bitcoin investors who hold their coins for at least 155 days before selling or moving them.
Here is a chart that shows the trend in the 30-day moving average BTC SOPR over the last several years specifically for these LTHs:
The 30-day MA value of the metric seems to have been going down in recent days | Source: CryptoQuant
As you can see in the above graph, the 30-day MA Bitcoin LTH SOPR seems to have hit a specific level around the price bottom in each of the previous two cycles.
These touches of the level in the loss region didn't exactly coincide with the cycle lows, but they were still quite close, making them good buying opportunities for the crypto.
In recent months, as the bear has taken over, the ...
|Chainlink Price Struggles To Break Above, Can Price Hit 10?
LINK price holds strong above 50 EMA on daily timeframe with a string.
LINK rallies as price eyes $10 ahead of its announcement of staking.
The price faces resistance at $9 in the weekly timeframe.
Chainlink (LINK) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With its intending staking in December 2022, there is high hope of a major rally for the price of Chainlink (LINK). Despite the uncertainty, the price of LINK has looked decent, holding up pretty well as other altcoins drop significantly in price and value. (Data from Binance)
Chainlink (LINK) Price Analysis On The Weekly Chart
Chainlink Co-Founder Sergey Nazarov announces Staking Plans, Aims to Be Web3's AWS, ahead of its scheduled plan to launch staking in December and a new economic model for the Web3 services platform at SmartCon 2022.
The price of LINK has recently bounced from a low of $6.5 in the weekly timeframe rallying to a high of $8 before rejecting to a region of $7, where the price has formed good support for price sell-off on the weekly timeframe.
LINK price moved from that region breaking higher to $8.5, where the price is currently facing resistance to breaking higher to a region of $10.
The price of LINK needs to break the $9 resistance with good volume for the price to have an opportunity to trend to a higher region; if the price of LINK is rejected, we would expect the price to retest the support area...
|TA: Bitcoin Price Could Take Major Hit After Fed Rate Hike
Bitcoin started another decline from the $19,500 resistance against the US Dollar. BTC is at risk of a sharp decline below the $18,500 and $18,000 levels.
Bitcoin started another decline after the fed increased rates to 3.25%. The price is trading below $19,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $19,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $18,200 level to avoid more losses in the near term. Bitcoin Price Restarts Decline
Bitcoin price attempted to gain strength above the $19,200 level. However, BTC failed to clear the $19,500 resistance zone and stayed in a bearish zone.
As a result, there was a bearish reaction below the $19,000 level. The fed rate hike from 2.75% to 3.25% triggered a sharp decline. There was a break below a key bullish trend line with support near $19,000 on the hourly chart of the BTC/USD pair.
Bitcoin price is now trading below $19,200 and the 100 hourly simple moving average. There was a retest of the $18,200 zone and the price traded as low as $18,140. It is now consolidating losses above the $18,200 support zone.
There was a move above the 23.6% Fib retracement level of the recent decline from the $19,675 swing high to $18,140 low. On the upside, an immediate resistance is near the $18,775 level. The next major resistance sits near the $19,000 level.
The 50% Fib retracement level of the recent decline from the $19,675 swi...
|Report Shows Ethereum Might Take Another Hit, Is It Possible?
Though volatility is a core attribute of cryptocurrency, the swing is quite excessive for Ethereum. The price movement for Ether was progressive from the beginning of the second of the year. ETH gradually surged over the $1,800 level before the Merge.
To some reasonable extent, the positive sentiment surrounding Ethereum’s transition from PoW to PoS contributed to the surge. As a result, several participants in the crypto industry tilted towards the second largest crypto asset by market cap.
The token recorded a huge increase in its trading volume and other Ethereum derivatives over the period.
However, the launch seems to come with a bearish trend for Ethereum. Just some hours following the Merge, ETH started a southward movement.
The increasing selling pressure depleted the value gradually as the price kept decreasing. Through the past weekend, Ether plummeted below $1,300 as it lost sustainability on some supportive levels.
Is Another Ethereum Correction Underway? There’s a hint for a more bearish pattern from the Ethereum technical chart. This implies the possibility of another correction of 25% from its current price, which hovers around the $1,350 region. So, ETH might dip further to $1,000.
Based on the last report for the US CPI data for August, there’s an indication of a rise in the inflation rate. However, the response from the crypto assets has been very unfavorable.
The FOMC (the Federal Reverse System’s monetary policymaking body) has sch...
|Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Month Lows to S...
On Monday, bitcoin fell to its lowest level since June, as sentiment in cryptocurrency markets remains bearish. The token has fallen lower in consecutive sessions following last week's U.S. inflation report, and the fall comes ahead of the upcoming U.S. Federal Open Market Committee meeting. Ethereum was also down, hitting a multi-month low of its own.Bitcoin
Bitcoin (BTC) fell to a four-month low to start the week, as bearish sentiment remains high in crypto markets.
BTC/USD slipped to an intraday low of $18,390.32 earlier in the day, which comes following a breakout of a floor at $18,645.
The drop saw bitcoin hit its weakest point since June 18, which was the last time this support level was also broken.
Many believe the decline comes ahead of this week's U.S. Federal Open Market Committee meeting, where it is expected that interest rates will be hiked.
Looking at the chart, Monday's sell-off comes as the 14-day relative strength index (RSI) fell below a floor of its own at 41.30.
As of writing, the token is trading below 38.00, and is currently in oversold territory, which could be a positive for those anticipating an eventual turnaround.
Last week was a historic week for ethereum (ETH), as the highly anticipated Merge took place, seeing the token become 'green'.
However, since then, prices have dropped considerably, with today's decline taking the token to a low of $1,287.42.
This comes less than a week after the world's second largest cryptocurrency was tradin...
|Ethereum Funding Rates Hit The Low Amid The Shift From PoW
The Ethereum upgrade has shifted the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The Ethereum mainnet and the Beacon Chain will finally merge as a single blockchain through the transition.
According to the estimations of EtherNodes, the Ethereum transition will occur if there are no underlying technical challenges. Before now, the team of developers confirmed the checklist for the Merge before releasing it.
There have been several sentiments and reactions concerning the Merge lately. This significantly impacted ETH and all its derivatives in the crypto market. Some participants are accumulating more expecting a sudden spike in price. But some are even disposing of what they have due to fear of volatility.
Sentiments On Merge Affects ETH Funding Rates
Currently, expectations and more attention are glued to the Ethereum blockchain. But based on the state of the miners, there could be variation in the transition estimated time. From the look of things, the ETH futures traders seem to be calculating their moves.
The data from CryptoQuant revealed that Ethereum funding rates had hit a new all-time low. This recent point marks the lowest for the Ether derivatives.
ETH funding rate is a metric that provides forced convergence of prices between the contract and the underlying asset. It indicates the payment that comes from long to short or short to long traders. The difference between an asset's spot and the perpetual futures contract prices provides the funding rate.
|STEPN (GMT) Struggles To Hit $1, Is The Price Running Out Of Steam?
STEPN (GMT) has struggled to show its move in recent months after ranking as the top gainer for several weeks against tether (USDT). The price of STEPN has struggled to rally to $1 despite the market seeing relief bounces across the market, with many altcoins producing double-digit gains, with the price of STEPN (GMT) showing little or no steam left for a major rally. (Data from Binance)
STEPN (GMT) Token Price Analysis On The Weekly Chart
Weekly GMT Price Chart | Source: GMTUSDT On Tradingview.com
GMT saw a decline in its price from a region of $4 to around 0.63, with an over 70% drop from its all-time high despite having good fundamentals. The price of GMT bounced off after touching a weekly low of $0.63, and the price rallied to $0.95, showing some great strength, but the price was quickly rejected as this area acts as resistance to the price of GMT.
The price of GMT on the weekly chart formed a range between $0.6-$1 as the price continued with little volume, unable to break out of the range channel. For GMT to break out of this range channel, the price needs to be backed with good volume as the resistance at the $1 mark has proven hard for the price of GMT after several rejections at this zone.
GMT price needs to break and close above $1 with good volume for a possible rally to $1.5, where the price would face resistance. A break a close for GMT price above $1 would signal a good relief bounce.
If the price of GMT fails to hold its support at $0.63, seen as a dema...
|Bitcoin Price Has Strong Potential To Hit $25,000, Weekly Analysis Sugge...
Recently, the market has seen a strong correction due to the Bitcoin price bull run of the past several days. On December 7, 2020, the price hit a low of $19,030.09, which is considered to be a new all-time low.
However, the appearance of a double bottom pattern has led to an optimistic outlook on this correction.
Bitcoin can rebound, as is now more evident. Obviously, there will be some challenges along the way. The Bitcoin price present momentum is one of the cryptocurrency's major challenges.
The current momentum is merely reversing the past downward trends, thus it may not be enough to break through the $25,000 price level, according to latest analyses.
Bitcoin Price: The Familiar Resistance Level
Bitcoin's price actually did reach $25,000 in late August, which is a significant milestone. Such a pattern indicates that the current market has the potential to and likely will attempt to break through resistance.
Looking at the range during the past four hours, it appears that BTC will be trading between $19,226 and $24,286 for the time being.
This challenge is attributable to the traders' pessimism in response to the most recent CPI report. The survey revealed an annual inflation rate of more than 8 percent.
This bleak assessment could be followed by a 1% increase in interest rates. Therefore, the bulls must maintain their position inside the range of $19,226 to create momentum.
The prominent oscillator indicator has shown a bullish advance. In contr...
|Ripple (XRP) Fails To Hit Double-digit Gain, What Could Be Wrong?
Ripple (XRP) has had a tough time producing double-digit gains against tether (USDT) as prices continue to range with little or no movement in recent times. The crypto market in its early days saw prices of altcoins surge as most coins rallied with considerable price gains, but that can not be said of Ripple (XRP). (Data from Binance)
Ripple (XRP) Price Analysis On The Weekly Chart
Weekly XRP Price Chart | Source: XRPUSDT On Tradingview.com
The price of XRP has had a tough time maintaining the bullish momentum it has shown in recent months as the price was rejected from the $1.9 area acting supply zone for most sellers.
XRP has since struggled to discover the bullish momentum it experienced, despite being a fundamentally strong coin with the growing sentiment on its movement. Still, XRP has found a price ranging from $0.3 to $0.38.
The price of XRP on the weekly chart needs to break out of the range channel it has formed for its price to have a real chance of trending higher. The upper band of the channel at $0.38 continues to act as a resistance to the XRP price preventing a major movement to the upside of the chart.
XRP’s price needs to break above this region for its price to trend higher to $0.42 and possibly $0.55. The price of XRP must break and hold above this range channel for a better chance to trade higher. If the price of XRP breaks out with good volume, we could see the price going higher; should the price of XRP fails, we could have a retest of...
|Bitcoin Price This Tad Close To Reclaim $23,000 – Will It Hit The ...
Bitcoin (BTC) easily brushed past the $22,500 mark today as seen a couple of hours ago.
Bitcoin now trades at $22,342.12
BTC’s bull run triggered by Ethereum Merge
Bitcoin registered 18% gains so far since September 9
Bitcoin was able to peak on a Monday and as shown on Coingecko charts, BTC was trading at $22,610, up 14.5% in the last seven days.
The gains that BTC have registered is said to be brought about by the uptick in the stock market – kind of like a domino effect.
BTC Offshoots Key Resistance Of $21K
James of “Invest Answers”, a popular Bitcoin trader and influencer, have this notion that BTC is now veering towards the $24K mark.
But, crypto experts are also quick to warn traders to be wary and avoid executing a pump-and-dump maneuver especially due to extremely risky macroeconomic conditions.
On September 9, BTC has registered a nearly 20% gain so far and moved close towards the long-term descending trendline with a key resistance at $23,000.
It seems that Bitcoin’s bullish movement has been triggered by the Ethereum Merge which is announced to be rolled out on September 14. BTC was also able to bounce back from a nearly oversold zone at 32 to now at a reading of 39.
On-chain metrics also show the appearance of a bullish divergence with the RSI forming an ascending trendline with the coin’s weekly candlesticks cascading down.
More so, BTC’s MACD has also managed to cross over following a spike in buying activity.
|Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy...
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end.CFOs on Recession and US Economy
Deloitte, one of the Big Four accounting firms, published the results of its CFO Signals Survey for the third quarter earlier this week. The survey, conducted between Aug. 1 and 15, had the participation of 112 chief financial officers (CFOs) across the U.S., Canada, and Mexico. Deloitte explained that they represent diversified large companies, noting that 84% of respondents reported revenue in excess of $1 billion and more than one-quarter are from companies with greater than $10 billion in annual revenue.
According to Deloitte:
Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new year.
The financial services firm detailed that CFOs are taking various actions to prepare for a recession, including reducing or closely managing operating expenses, controlling headcount, limiting hiring, and increasing productivity.
Furthermore, a number of CFOs said they are evaluating their customers, services, and products to identify opportunities to help recession-proof their organizations. Deloitte additionally found:
Slightly more than one-third of CFOs (39%) noted they expect the North American economy to be in a period of stagfla...
|Fantom (FTM) Hit By Bearish Sentiment Despite Logging Over 300,000 Activ...
Fantom network was able to log more than 300,000 active weekly users which is a 4% decrease from the 325,000 users tracked the past week.
Fantom treads the bearish route as negatively impacted by the crash of the crypto market
FTM social metrics down
Fantom records over 300,000 active weekly users
The bears are definitely lobbying on Fantom (FTM) as the coin endures massive decline. Fantom admits that they have been severed by the bearish impact of the crypto market triggering a plunge.
More so, average daily transactions on Fantom from August 11 to 18 accumulated to roughly 44,300.
Fantom Goes Bearish, Sheds 4.71%
Additionally, Fantom network transactions from August 11 to 17 also dropped by 0.11% or a decline from 847,000 the other week to 846,000 that was penned last week.
According to CoinMarketCap, FTM has dropped by 4.71% or trading at $0.2911 as of this writing.
The number of unique wallet addresses that actively traded on Fantom from August 11 to 18 also declined by 48%.
Notably, this month, the daily active wallet addresses on FTM have dropped by 65%. Around 18,690 new wallet addresses were spawned based on the new wallet addresses verified on the network.
But, as FTM price dropped in that given period, the number of new unique wallet addresses created on Fantom also plummeted.
In almost a month, a dip of 19% was observed in the index of new wallet addresses. It seems that everything cascaded down creating a domino effect of sorts.
Social Metrics Down For FTM
|TA: Ethereum Could Take Hit As The Bulls Show Weak Hands
Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level.
Ethereum started a fresh decline from the $1,950 resistance zone. The price is now trading below $1,900 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a clear move below the $1,800 level. Ethereum Price Remains At Risk
Ethereum remained in a bearish zone below the $2,000 resistance zone. ETH traded below the $1,850 support zone to move further into a bearish zone.
The decline found support near the $1,820 level. Ether price is now consolidating losses above the $1,820 level. It is now trading below $1,900 and the 100 hourly simple moving average. The bears are active near the 23.6% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low.
An immediate resistance on the upside is near the $1,885 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $1,956 swing high to $1,820 low.
The main resistance is now forming near the $1,900 and $1,920 levels. There is also a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH/USD. A clear move above the $1,920 resistance could push the price towards the $1,950 level.
Source: ETHUSD on TradingVi...
|Bitcoin May Hit $10K As Price Slides Pre-FOMC Meeting
A pricing analysis of bitcoin reveals that buyers are at a disadvantage. Price increased after a weaker opening and tested the session high of $24,448.40. However, it swiftly reversed course and tested the pivotal 21-day exponential moving average, where it is currently resting.
The market action right now suggests that the bulls are running out of steam close to the higher levels and that the bears are clearing the way for more correction. The largest cryptocurrency's 24-hour trading volume is $30,603,898,759, up more than 7%. BTC/USD, however, is currently reading at $23,422.79, a 1.85% daily decline.
BTC/USD trades at $23k.
The longer the price remains below this level, the more powerful the selling pressure will be as BTC slips below the crucial support level of $23,500.
FOMC Meeting Crushes Bitcoin Price
Data from TradingView showed that BTC/USD fell by more than 2% every day and reached $23,325.
Hours before the Federal Open Markets Committee (FOMC) was scheduled to release minutes from its most recent meeting, the pair, which had already started to exhibit indications of weakness, fell further as trading in US stocks got underway.
Despite not having a rate decision, the meeting was timed to reveal the Fed's perspective on the upcoming rate adjustment scheduled in September.
Michaël van de Poppe summarized in his latest Twitter update:
“The important event tonight with the FOMC minutes, through which information can be received whether the FED is going to b...
|Crypto Economy's Top Privacy Coins Take a Hit After US Government Banned...
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy's top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 hours, the top privacy coins by market capitalization today are around $6.44 billion, down 3% from the day prior. While the Top Privacy Coins Have Seen Some Recovery, Most Took a Market Beating Last Week When OFAC Sanctioned the Crypto Mixing Service Tornado Cash
Last week was a bad week for financial privacy advocates, as the U.S. government's Office of Foreign Asset Control (OFAC) sanctioned the ethereum (ETH) mixing service Tornado Cash, and a great number of associated ETH-based addresses.
The banishment led to Github code removal and suspensions, a 'celebrity dusting,' the Tornado Cash Discord server deletion, and Dutch law enforcement arresting the 29-year-old developer known as Alexey Pertsev.
However, the ban did not lead to any significant price rises in any of the top privacy coins and in fact, most of the leading privacy tokens took a dive after the U.S. government made the official announcement.
The top privacy coin by market capitalization, monero (XMR), lost 8.82% during the 24-hour period from late in the evening on August 8, into the early morning trading sessions on August 9. Zcash (ZEC) followed the same pattern, losing 8.75% against t...
|Ripple (XRP) Price Prediction 2025 – 2030: Will XRP hit $10 by 203...
Mirror, mirror, on the wall. Are XRP investors the saddest of them all?
Well, market performance might suggest so. Pending lawsuits too. However, there are still some silver linings.
Ripple, the leader in enterprise blockchain solutions, is a little different from its peers. Rather than focusing on retail customers, Ripple targets institutions. The cryptocurrency XRP has always been closely linked to Ripple. And, although these are distinct entities, Ripple holds billions of XRP in an escrow account.
That being said, the crypto still has a market cap of $18.1 billion. With more than $940 million traded in the past 24 hours, it’s obvious that traders and investors are very much interested in XRP.
Ripple, XRP, and everything in between
Ripple’s tie-up with Tokyo-Mitsubishi Bank in 2017 was a major milestone. Following the same, it became the second largest crypto by market capitalization for a brief period. A year later, Ripple was in the news again for its partnership with international banking conglomerate Santander Group for an app focusing on cross-border transactions.
In terms of rivals, Ripple has close to none at the moment. They are the leading crypto firm catering to financial institutions around the world. As the number of partnerships grow, by extension, XRP will reap the benefits. After all, it is the medium of exchange for all cross-border transactions enabled by RippleNet.
Ripple has been capitalizing on the need...
|Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.6...
Cardano spikes by 5% as seen on the daily price chart
Bulls likely to touch bullish triangle from $0.67 to $0.69
ADA at risk of retreating to $0.50
Cardano (ADA) price is looking straightforward bullish today bouncing back from yesterday’s dip. However, the price isn’t completely out of risk. ADA plunged to roughly $0.5067 yesterday and then increased to more than 5% shooting to $0.5401 today.
ADA Price Spikes By 5.41%
According to CoinMarketCap, ADA price has spiked by 5.41% or $0.5394 as of this writing. Cardano's price is largely influenced by July’s US CPI data which could stir volatility in the crypto market.
Bulls are eyeing the ascending triangle circling around the range of $0.67 to $0.69 with the possibility of a slump right under the support line of $0.51.
With the major cryptocurrencies registering remarkable gains, Cardano and other altcoins are also showing an upward trend. Bitcoin has surged by 2% reaching $23,600 while Ethereum pumped its price by 8% or to $1,800.
Notably, DOGE also rose to $0.07, and XRP spiked by 3% or $0.37 in the same way as SOL pumped price by 3%.
The 34-hour chart for ADA price shows that it was able to come back strong from its downturn yesterday. But, its current price remains to hover above the 21-day EMA that offers support at $0.5080.
Judging by the 24-hour chart, ADA is seen to ride by the buying action hoisted by an uptrend that’s been happening since July. ADA price has recently formed an ascending tri...
|TA: Bitcoin Price Takes A Hit, This Support Is The Key
Bitcoin extended losses and traded below $20,000 against the US Dollar. BTC could revisit the key $19,500 support zone, where the bears might be tested.
Bitcoin is following a bearish path below the $20,500 pivot level. The price is now trading below the $20,500 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $20,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might find support near the $19,500 and $19,350 levels. Bitcoin Price Extends Losses
Bitcoin price started a fresh decline after it failed to stay above the $22,000 level. There was a steady decline below the $21,200 and $21,000 levels.
The price moved below the 61.8% Fib retracement level of the upward move from the $19,301 swing low to $22,500 swing high. Besides, there was a break below a major bullish trend line with support near $20,500 on the hourly chart of the BTC/USD pair.
Bitcoin price is now trading below the $20,500 level and the 100 hourly simple moving average. It even settled below the 76.4% Fib retracement level of the upward move from the $19,301 swing low to $22,500 swing high.
However, there is a major support waiting near $19,500. On the upside, the price could resistance near the $20,000 and $20,150 levels.
Source: BTCUSD on TradingView.com
The next key resistance is near the $20,500 zone (the recent breakdown zone). A close above the $20,500 resistance zone could set the pace for a test of the 100 h...
|Wall Street Investors Expect Bitcoin To Hit $10,000, Is This Possible?
The decline of bitcoin over the last several weeks has raised concerns among investors in the space. The digital asset which had peaked at $69,000 had declined as low as $17,600 and continues to struggle to hold $20,000, dragging investor sentiment down with it. This same sentiment was shared by a polled group of Wall Street investors regarding how they viewed the digital asset. Mostly, investors do not see any bullish movement in the near future.
Majority Says Bitcoin Is Going Down
Out of the 950 respondents that were surveyed by MLIV Pulse, the majority revealed that they were not expecting any significant recovery for bitcoin. The digital asset is currently trading above $20,000 but these investors believe that it will likely crash further. A total of 60% of all respondents said they expected the price of bitcoin to actually decline to $10,000. However, it was not the only sentiment that was present in the investors surveyed. Despite the majority feeling the digital asset would succumb further to the bear market, there were still some who believed that there are more positive things coming.
The remaining 40% of the survey pool gave their more bullish predictions. This section of the pool admitted that they expected the price of bitcoin to actually hit $30,000 before it will hit $10,000. Interestingly, the large majority of investors with positive reviews of the cryptocurrency were the more seasoned investors.
BTC trading at $20,546 | Source: BTUCSD on TradingView.co...
|NFT Platform OMNI Hit By Re-Entrancy Exploit, Lost $1.4M in ETH
OMNI – an NFT finance platform that lends out cryptocurrency in exchange for staked NFTs – fell victim to a re-entrancy exploit that led to the loss of nearly 1,300 ETH, worth $1.4 million at the time.
It seems a reentrancy-related hack. @ParallelFi @OMNI_xyz The stolen funds were just mixed via @TornadoCash https://t.co/Nyunlkk3rr pic.twitter.com/XxxVyX80Fq
— PeckShield Inc. (@peckshield) July 10, 2022
Bad Debts Due to Bad Code
The project in question lost the funds following a bad faith staking of NFTs from the Doodle collection. In order to carry out the attack, the perpetrator first deposited Doodles as collateral for a loan of wrapped ETH (wETH). Once the loan was secured, the exploiter was able to withdraw all Doodles except for one, causing a callback function that voided the debt acquired by purchasing wETH.
Once these two steps were completed, the Doodle remaining on the platform was no longer enough to cover the debt incurred. The position was then liquidated by the system, returning the last of the Doodles to the attacker as well.
No Chance for a White Hat Appeal
In the wake of recent attacks on DeFi, recently exploited devs have often made open appeals to those behind the hack, offering to consider them as a white-hat event in return for most or all of the stolen funds.
In some cases, this has worked out nicely – the Optimism exploiter, for instance, returned most of the funds after asking for Vitalik Buterin’s advice. The devs at H...
|Bitcoin May Have Hit Bottom According to These Indicators, BTC Targets $...
Bitcoin remains rangebound as most of the crypto market continues to trade in the red. New Report Sheds Light
At the time of writing, BTC’s price trades at $20,800 with a 4% profit in the last 24 hours and an 8% loss in the past week.
BTC's price moving sideways on the 4-hour chart. Source: BTCUSD Tradingview
On lower timeframes, data from Material Indicators records an increase in bid orders for BTC’s price of around $18,000. There are over $49 million in bid orders. This stands as the most critical area of support for the cryptocurrency, at least in the short term, along with $20,000 due to its psychological importance in the market.
Between $18,000 and current levels, Bitcoin has some bids orders which could prevent a fresh attack from the bears. Material Indicators, as seen below, show over $15 million in bids orders around those levels.
BTC's price (blue line on the chart) with over $60 million in bids orders below its current levels. Source: Material Indicators
If the price trends to the upside, there is some liquidity around $22,000 with around $8 million in asks orders for this level alone. There are more asked orders below which could suggest BTC’s price will remain rangebound and in a consolidation phase for the time being.
A break above $22,000 or $24,000 could signal bullish continuation as those levels have important asks orders on lower timeframes.
Despite BTC’s price consolidation of around $20,000 and its reaction to the downside pres...
|Has Bitcoin Hit Bottom Yet? Here's What On-Chain Data Says
Bitcoin continued to crash down yesterday, with the coin hitting as low as $21k before rebounding to current values.
|Biggest Movers: DOGE, SOL Hit 1-Year Lows as Cryptos Crash
DOGE and SOL were some notable movers on Monday, as crypto markets were once again hit by a red wave. DOGE dropped to its lowest level since April 2021, whilst SOL was also trading close to a one-year low to start the week.
SOL's sell-off saw prices fall to their lowest level since July last year, as crypto markets were down across the board.
The world's ninth-largest crypto token dropped by over 17% on Monday, hitting an intraday low of $26.45 in the process.
This drop came less than a day after prices were trading almost $10 higher at $34.12, however with markets tanking, SOL was unable to remain above $30.
Overall, solana is now trading lower for the fourth consecutive day, and over $120 lower than at the same point two months ago.
Despite this latest sell-off, the 14-day RSI has still yet to reach its floor of 22, and is currently tracking at 26.60.
Should this floor be reached, there is a chance we could see SOL trading at or below $20 for the first time since April last year.
On the other hand, DOGE is currently trading at its lowest point since last April, as prices dropped by over 17% today.
DOGE/USD hit an intraday bottom of $0.05355 to start the week, less than 24 hours after trading at $0.06906.
Following a week's worth of consolidation to start June, DOGE began to sell off from Wednesday last week, as markets prepared for the release of inflation data.
Looking at the chart, these recent declines have pushed the Relative Strength Ind...
|TA: Ethereum Takes Major Hit, Can The Bulls Protect More Losses
Ethereum tumbled below the $1,500 support against the US Dollar. ETH must stay above $1,300 to avoid a drop towards $1,120 or even $1,000.
Ethereum declined over 20% and traded below the $1,500 support. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a recovery wave if there is a clear move above the $1,425 resistance. Ethereum Price Declines Heavily
Ethereum failed to start a fresh increase above the $1,800 resistance. There was a sharp bearish reaction below the $1,720 and $1,700 support levels.
The bears gained strength and pushed the price below the $1,500 support level. It declined over 20% and broke the $1,420 support. A low is formed near $1,304 and the price settled below the 100 hourly simple moving average.
It is now consolidating losses above the $1,300 level. Ether already tested the 23.6% Fib retracement level of the recent decline from the $1,544 swing high to $1,304 low.
On the upside, an initial resistance is near the $1,380 level. The first major resistance is near the $1,400 and $1,420 levels. There is also a key bearish trend line forming with resistance near $1,420 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $1,544 swing high to $1,304 low.
Source: ETHUSD on TradingView.com
The next major resistance is near t...
|Biggest Movers: WAVES, NEAR Hit Multi-Week Lows on Saturday
NEAR fell to a one-month low to start the weekend, as prices moved below their long-term support point. WAVES was also lower during Saturday's session, falling by as much as 14%. Overall, crypto markets are down nearly 5% as of writing.
Near Protocol (NEAR)
NEAR was one of the most notable movers to start the weekend, as prices fell by over 10% on Saturday.
Following a peak of $5.03 on Friday, NEAR/USD has so far slipped to an intraday low of $4.38 in today's session
This drop saw prices fall by nearly 13%, and comes as the global crypto market cap is down 4.8% as of writing.
Saturday's decline came as NEAR broke out of its support point at $4.45, on its way to its lowest point since May 11.
The 14-day RSI is now also firmly oversold, and is trading at 30.62, which is a two-week low, whilst also acting as a floor.
Should this floor be broken, then we may see NEAR move below that one-month low of $3.57, and instead hit an 11-month bottom.
WAVES was also down by double digits on Saturday, as it hit a lower low for the tenth consecutive session.
As of writing, WAVES/USD hit an intraday low of $6.30 to start the weekend, which is $1.17 below yesterday's high.
Looking at the chart, today's move has pushed WAVES closer to its long-term support of $4.40, which is a level that hasn't been hit since May 30.
Overall, prices are down over 15% as of writing, and are trading at their lowest point in almost two weeks.
Despite the weakening of the RSI as a result of the sell-off, t...