The Blog

Today promises to be an interesting, volatile day, with Friday being the last 1.5 months determining movements over the weekend. A particularly important trend in the crypto market is the tendency to often return to Friday’s closing prices (on Sunday evenings). News Yesterday’s news was negative: US GDP for Q4 was revised, inflation was higher,...

BTC briefly returned to the triangle formed since February 15th and then went back into correction, stopping in the support zone of $23,500-$23,800. Altcoins are also correcting, but there is no panic in major altcoins. There is a lot of negativity in the market. Several investment banks reflect the same thought in their analytical reports...

The cryptocurrency market remains strong despite the rise of the US dollar in February and weak dynamics in the stock market. BTC and ETH are holding at high levels, with some altcoins experiencing phenomenal growth. Yesterday’s report on the US business activity index (PMI) was weak, but it did not cause the market decline. Instead,...

An analyst has cautioned that it may be premature to declare a Bitcoin bull run, citing the Spent Output Profit Ratio (SOPR) as a key indicator. The SOPR determines whether the average investor is selling their Bitcoin at a profit or loss at present. When the metric is below 1, it suggests that investors are...

BTC failed to overcome the resistance zone of $28,700 – $28,850. Meanwhile, Ether came close to setting new yearly highs. The situation is complicated, with bulls showing their strength in the cryptocurrency market, alongside growth in the stock markets. There were many positive news items on Friday, including: However, there are also negative factors: Even...

Ethereum developers are set to launch a new testnet named “Zhejiang” for simulating Ethereum withdrawals. This testnet is designed to help developers test and refine the withdrawal process on the Ethereum network, ensuring that the process is seamless and secure for users. The Zhejiang testnet will allow developers to experiment with different withdrawal scenarios, such...

Bitcoin has perfectly followed the triangle pattern, which I ignored yesterday. Now we see the price returning to Friday’s closing levels. The stock market closed positively on Friday, so expecting a deeper fall this week is premature. Increased volatility: Note the increase in volatility this week, especially within the day, which cannot but please speculators....

The growth of the crypto market was interrupted by events in BUSD, which were known to many in the market on Sunday. There is no negativity on the stock and currency markets, only crypto is falling. BTC now has serious support only at $21,000 and the market can quite easily fall there today. Tomorrow there...

A correction has started on the market, especially noticeable in altcoins. ETH and BTC haven’t fallen too much yet. It’s highly likely that the correction will continue until the end of the evening. The US stock market is closed tomorrow for Good Friday. There will be profit-taking and position reduction ahead of the holidays. On...

Elon Musk’s lawyers are trying to dismiss a $258 billion lawsuit filed in June 2022 seeking compensation for “participation in a crypto pyramid scheme” involving Dogecoin. Elon Musk is accused of using his position as the world’s richest person to manipulate the Dogecoin pyramid scheme for profit. This is a reasonable part of the lawsuit...

After a morning growth, the market experienced a correction. The external background in the form of the dollar index and the stock market still looks positive and supports the crypto market. BTC dominance is decreasing from previously reached levels. Altcoins show mixed dynamics. Notable mentions include: News 17:00 – The JOLTS Job Openings report (Feb)...

The dominance of the cryptocurrency exchange Binance in terms of trading volume has decreased over the past two weeks following a lawsuit from the US regulator and its decision to suspend zero-fee trading (since March 15, it has stopped spot and margin trading with zero fees for 13 trading pairs). Currently, Binance’s market share is...

Japanese Prime Minister Fumio Kishida expressed support for blockchain technology and its potential to address the technological challenges facing Japan. During a meeting of the Budget Committee of Japan’s House of Representatives, Kishida stated that the government could utilize aspects such as decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) as part of its “Cool...