Knowledge exhibits the Bitcoin buying and selling quantity has plunged to a 3-month low as renewed market volatility because of the FTX fiasco fades...

On Wednesday, the lending arm of Genesis Global Capital joined the list of firms caught in FTX fallout as it halted customer withdrawals. In...

After several months of headwinds for the crypto space, the historical collapse of Sam Bankman-Fried’s FTX crypto exchange in early November added fuel to...

Bitcoin trends higher in the last few days as it approaches the mid area around its current levels. The benchmark crypto has seen some relief in the past days but seems unlikely to fully reclaim its previous bullish momentum. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High At the time of writing, Bitcoin trades at $42,500 with a 4% profit in the last day and a 12% profit over the last two weeks. As NewsBTC has been reporting, Bitcoin seems to be reacting to the U.S. Federal Reserve (FED) shift in monetary policy and the armed conflict between Russia and Ukraine. The financial institution announced a rate hike of 25 basic points (bps) for the coming months. This increment meets market expectations. No major announcement is expected from the FED in the short term. As for the armed conflict, attempts to reach a diplomatic solution have failed, with no clear winner on the battlefield. The parties seem to be at a stalemate. This tense calm has moved to the market and the uncertainty could lead Bitcoin into further consolidation between its current levels, and the high area around $30,000. In support of this thesis, Arcane Research records no major movements in Open Interest (OI) for the BTC-based derivatives sector. This metric has remained stable at around 360,000 BTC and 380,000 BTC since the start of 2022. As seen below, the OI for BTC futures has been moving sideways along the price of Bitcoin, as it registers a decrease in volatility. In other words, the BTC market could be experiencing a period of low activity which suggests no important trends in either direction. The Last Time Bitcoin Open Interest Hinted At Consolidation The 30-day volatility for Bitcoin OI futures, as Arcane Research reported, saw a 1% low in March, and has trended a bit higher in the last two weeks. The metric currently stands at 1.5%. The research firm claims current trading activity has been lower than during a similar period of consolidation in 2021. Arcane Research added: Overall, the BTC denominated open interest remains relatively lofty at 370,000 BTC. We’ve rarely seen open interest being maintained at such levels for such a long duration without any major squeeze setbacks such as those experienced during the spring and fall bull markets and bitcoin’s short squeeze in July. Additional data provided by Santiment indicates Bitcoin’s supply on exchanges has been trending down as the price of BTC consolidates. In June 2021, this metric saw a 6-month low as the market recovered from bearish price action. As BTC’s price moved further up, the supply followed, but the cryptocurrency managed to score a new all-time high near $70,000. Related Reading | Ethereum Classic Gains 60% In One Week, Why The Merge Could Push Its Price Higher The chart below could be hinting at a similar trend as supply on exchanges decreases, and the price consolidates.

A leading crypto analyst says that altcoins such as Solana (SOL) are on the rise while updating his forecast on leading cryptos Bitcoin (BTC) and Ethereum (ETH). With a new tweet, top analyst Justin Bennett tells his 98,500 followers that altcoins are heating up based on a chart depicting BTC’s inverted market dominance. “AltSeason2022 is heating […]

The post Crypto Analyst Says Altseason ‘Heating Up,’ Updates Outlook on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) appeared first on The Daily Hodl.

Bitcoin’s transaction fees quickly doubled but still remained low and the cost of sending one BTC from one to another address stayed low since July 2021 despite the spikes so let’s read further in today’s latest Bitcoin news. According to an Arcane Research report, Bitcoin’s transaction fees quickly doubled recently but are still low with […]

The desire of buyers to return to the growth trend and continue the positive dynamics is clearly visible on the ATOM weekly chart. Although the ATOM price has not been fixed above the black trend line, some successes on the part of buyers are noticeable. First, sellers failed to update the local low of the weekly candle from 13 December. At around $19, there is a strong liquidity zone where ATOM buyers are willing to keep their prices. It was on the way to this liquidity zone that the trading volumes on the ATOM market increased and buyers were able to organize a counterattack. In fact, on 13 September 2021, the ATOM market began to consolidate in the global range of $19-$44. At the time of writing, the ATOM price is near the middle line of this consolidation. Therefore, in the absence of a trend, the importance of taking control of the trend line goes to 2nd place. Follow the $30 mark. If the trading week of 7 March ends above this mark, our main target is to test the mark of $44. Technical Analysis Of ATOM On The Daily Timeframe https://www.tradingview.com/x/uobhKOfY/ Analyzing the movement of the ATOM price on the daily timeframe, we can see the end of the local downward trend, which occurred on 24 February. The chart shows that high trading volumes did not help sellers even incorrectly update the local low from 15 December 2021. Also during the counterattack of buyers on 25 February the trading volumes increased significantly. This indicates a change of initiative in the ATOM market. The local price correction, which began on 4 March, has actually been completed. Looking at the ATOM market situation, the maximum problem that sellers can now cause is a $26 test mark. But, such a scenario requires a serious negative in the BTC market. Given the great potential for BTC growth to $46,000, we expect ATOM to continue to grow in price. You can confidently buy an ATOM after testing the $34 mark and keeping control of the $30 mark. The main target remains the same – $44. ATOMBTC Price Has A Prospect Of Falling By 10% https://www.tradingview.com/x/lgiMhaZ8/ The current uncertain ATOMUSDT price growth can be explained by a not very successful situation on the ATOMBTC chart. In fact, the ATOM price is growing only due to the aggressive BTC growth. At the moment, people are choosing to invest in Bitcoin over other cryptocurrencies. And this is clearly seen in the weekly chart of ATOMBTC. In recent weeks, trading volumes have fallen and there is a high probability that the ATOMBTC price will fall to 0.00064. If buyers keep this mark and at the same time the main growth trend – we will expect a strong growth impulse both in the pair to BTC and in the pair to USDT. Otherwise, a protracted correction of the global growth trend will begin, in which we will see a new ATOM price fall wave by 40%-50%.

The post ATOM Technical Analysis: Positive Scenario Is A Test Of $44 appeared first on Cryptoknowmics-Crypto News and Media Platform.

A double bottom pattern continues to play out in the BTC market because the leading cryptocurrency has remained steadfast above the psychological price of $40,000 for the past few days. (Read More)

After plummeting below the psychological price of $40K based on the ongoing Russia’s invasion of Ukraine, Bitcoin (BTC) is back to winning ways after breaching the $43K and briefly topping $44,000. (Read More)

Bitcoin can’t beat the resistance at the $40K level with the dark week looming for macro markets while the weekend succeeds in providing respite for the traders so let’s find out more today in our latest Bitcoin news. BTC faced down $40,000 with hopes for the weekly close hinging to avoid the fourth red monthly […]