Friday 19 August 2022
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Sean Patterson

Money On The Sidelines: Crypto Traders Accumulate Highest Buying Power In Two Years

The crypto market has been trading in the green over today’s session as it sees some relief from macro-economic factors. Today, the U.S. published July’s Consumer Price Index (CPI) print which hinted at a slowdown in inflation and allow Bitcoin, Ethereum, and others to experience some relief. Related Reading: Ethereum Open Interest Nears All-Time Highs Ahead Of Merge CPI has been a key metric over the past months as the U.S. Federal Reserve (Fed) attempts to mitigate it by hiking interest rates and reducing its balance sheet. Thus, global markets have seen less liquidity which has negatively impacted risk-on assets, such as equities and cryptocurrencies. At the time of writing, Bitcoin (BTC) trades at $23,900 with a 4% profit in the last 24 hours while Ethereum (ETH) trades at $1,800 with a 9% profit over the same period. The second crypto continues to outperform BTC as investors seem to be migrating into the altcoin sector. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 F..

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Ethereum Open Interest Nears All-Time Highs Ahead Of Merge

Data shows the Ethereum open interest has surged up to near all-time high values as the ETH 2.0 merge comes closer. Ethereum Open Interest Has Sharply Risen Up Recently As per the latest weekly report from Arcane Research, the ETH open interest in futures and perps has surged up to 4.2 million ETH in recent days. The “open interest” is an indicator that measures the total amount of Ethereum futures and perps contracts currently open in the market (denominated in ETH). The metric includes both shorts and longs. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! When the value of this indicator is high, it means a large number of contracts are currently open in the market. Such values usually lead to higher volatility in the price of the crypto. Related Reading: Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon? On the other hand, low values of the metric suggest many contracts have been closed on ..

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Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

Monero has its hands full trying to keep its momentum and rally forward. But, it must first overcome obstacles. As do other tokens. The token is trying to keep up with the upward tilt. Remarkably, XMR price is trying hard to recover and keep up with the pace but it seems XMR is doing a great job as it’s currently on the green and winging it. The daily price chart shows that XMR price is trying to soar upwards. Monero is gaining strides as it shoots up close to the top trendline of the channel. In order for XMR to rebound or go through the target resistance, the coin must maintain its current pace in terms of price. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Related Reading: SOL Fails To Notch New 60-Day Peak, Despite Recent Advances Monero (XMR) Price Surges 4.33% For XMR to shoot hoops at a bullish pace and breach the ascending parallel channel, the XMR bulls must push through its upward movement. However, it seems..

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TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

The price of Binance coin (BNB) continues to look strong as it holds its support against Tether (USDT) after the Consumer Price Index (CPI) announcement. The CPI tends to provide a gauge as regards inflation in the economy while instigating BTC prices and other altcoins. Related Reading: MANA Bulls May Outsmart The Bears If They Stick To These Support Lines Bitcoin’s (BTC) price saw a pullback from $24,200 to $22,800 despite showing signs of a relief rally but was faced with resistance to breakout. Despite the shake-out, the price of the Binance coin remained strong. (Data feeds from Binance) Price Analysis Of BNB On The Weekly Chart Weekly BNB Price Chart | Source: BNBUSDT On Tradingview.com From the chart, the price of BNB saw a weekly low of around $210, which bounced from that area and rallied to a price of $330. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! The price has built more momentum as it faces resistance ..

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TA- Bitcoin Bounced off Key Support After CPI Announcement

The price of Bitcoin (BTC) bounced off its key support against Dollars (USD) after the Consumer Price Index (CPI) announcement in the United States. The metric is used to measure inflation in U.S. dollar and hints at a potential slowdown. Related Reading: TA: Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses Bitcoin price saw a pullback from $24,200 to $22,800 despite showing signs of relief rally but was faced with resistance to breakout ahead of CPI news sentiments. (Data feeds from Bitstamp) Price Analysis Of BTC On The Weekly Chart Weekly Price Analysis For BTC | Source: BTCUSD On Tradingview.com From the chart, the price of BTC saw a weekly low of around $19,100, which bounced from that area and rallied to a price of $24,300. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! The price has built more momentum as it faces resistance at $24,300. If the price of BTC on the weekly chart continues with this ..

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Recovery Market Sentiment Sees Investors Take More Risk With Altcoins

Crypto investors had been moving out of altcoins through the market downtrend due to the high volatility that rocked these digital assets. As a result, the fall in these altcoins was more brutal than that recorded in bitcoin. However, as the tide has begun to turn and the market is looking towards more of a bullish trend, these altcoins have taken their place at the top of the recovering chain, prompting investors to rush back into them. Altcoins Provide More Gains Over time, it has been shown that altcoins record the widest movements during any type of market. So just as they have a high propensity to bring large losses, they also carry the same trait when it comes time to make a profit. The same is the case this time around,Al as investors have clamored to altcoins to take advantage of the gains. Related Reading: Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely Barely two weeks into the month of August, altcoins have quickly taken the lead when it comes to gains. The ..

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SOURCE Looks to Supercharge Cross-Chain dApps & Smart Contracts with Airdrop, Mainnet Launch

With an intelligently-designed airdrop, a focus on enterprise development and partnerships, and cross-chain functionality, the $SOURCE Blockchain is poised to quickly rise amongst the industry’s biggest and best. On Thursday, August 4th, Source Protocol Ltd announced the test net launch of the next standout blockchain to hit the crypto market and the Cosmos ecosystem. Built as a highly efficient, scalable and permission-less blockchain network for interoperable dApp development, $SOURCE is bringing a Binance Smart Chain-based DeFi ecosystem and strategic enterprise partnership development to the Interchain. $SOURCE will be publicly-available for enterprises, developers and individuals to create and use scalable dApps, smart contracts and tools for Web 3.0, DeFi, NFTs, P2E, privacy networks, DeSci, and more. Read more on Source Protocol’s advanced blockchain ecosystem: A Web 3.0 Tech Suite for Individuals, Developers and Enterprises 5 BTC + 300 Free Spins for new players & 15 BTC + 3..

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MANA Bulls May Outsmart The Bears If They Stick To These Support Lines

Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA as observed on the hourly chart. Regardless, the token still trades the sideways horizontal range with $0.75 for support and $1.0 resistance. With the escalation seen on the hourly chart, trading volume has also spiked by 290% in the past couple of hours. Buyers saw a decline in MANA in triggered by the sell-off as it saw a decline to a 90-day low of $0.772 last May of 2022. Despite the aggregation seen on the sideways range in the past few days, speculators saw the formation of a rounding bottom pattern on the daily price chart. With that said, buying of the token has intensified which prompted the price action to form higher-highs. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Related Reading: Decentraland Blooms In Green In Last 4 Days; Boosts Traders’ Appetite In MANA MANA Price Curre..

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SOL Fails To Notch New 60-Day Peak, Despite Recent Advances

Price movement for Solana (SOL) looks outright bullish but at the same time sluggish as it’s unable to keep up with buyer demands. Solana is currently trading sideways forming an ascending triangle pattern. The 50-day EMA serves as its support level. Buyers were on a shopping spree last night which kickstarted the volume pumping it up at 140%. The bulls are in control of SOL price moving it higher, while the bears are trying to take over. Bitcoin’s massive sell-off has impacted other altcoins including SOL. If the current momentum doesn’t swerve in a specific direction, SOL could be stuck in between. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Related Reading: CryptoDickbutts NFTs Erect Nearly 700% In Daily Sales Volume Massive Buying Activity Pushes Trading Volume Up The price action is currently exhibiting higher-highs specifically for SOL, but the bears were able to market it at the $46 zone. With that in mind, S..

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Is this the Best New Meme Coin to 10x? Tamadoge Set to Overtake Dogecoin

When it comes to finding a project likely to 10x, new meme coins tend to be a great choice. Fueled by hype following the rise to fame of Dogecoin and Shiba Inu, meme coins often offer massive upside potential. Throughout this article, we’ll be taking a close look at the best meme coin of the year, explaining why it’s likely to explode, and detailing the process of purchasing it. Let’s take a look. The Best New Meme Coin to 10x – Our #1 Pick Not every project is equal. However, we’re happy to say that we’ve managed to locate the best new meme coin on the market. We’ve included a quick overview of the project below and also done the research to offer a comprehensive review of the project in the section that follows. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Tamadoge – Best New Meme Coin Packed to the Brim with Utility A Closer Look at the Best New Meme Coin – Tamadoge Now that we understand the concept of Tamadoge, i..

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