Features Crypto News by Thebittimes.Com

Recently, BNB (BNB) broke out of the consolidation area, indicating a potential significant upward trend . The fact that the token has risen beyond the $700 mark suggests that the market is recovering strongly and that traders and investors are becoming more optimistic. BNB has increased noticeably by 12% in the last 24 hours, carrying on its strong trend from the previous week and month. This breakout has drawn notice, and some analysts anticipate substantial gains if the bullish trend continues. BNB’s price was up by 3.56% as of the time of writing, trading at approximately $710, with a market capitalization of over $104 billion and a 24-hour trading volume of over $4.2 billion. In the past day, there has been a 12.73% increase in market capitalization and a 79.6% increase in trading volume. Price And Indicators Fo...

CoinW executive Sonia Shaw told Cointelegraph that the recent uptick in NFT sales shows a "broader and more profound interest” extending beyond art. In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales . While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue .  On Nov. 6, data published by blockchain analytics firm Nansen showed that NFT sales volume leaped from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 6. NFT sales volume data in the last year. Source: Nansen According to Jonathan Perkins, the co-founder of NFT marketplace SuperRare, this trend is likely to continue for the coming months. The executive believes that the worst has passed and is expecting upward swings shortly. He said:  “I think the worst of the NFT-hangover-induced bear market is behind us, and things are turning around. Marketplace volume...

Jul 17, 2023 at 07:05 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Solana (SOL) has returned to a bullish trend after breaking above the overhead resistance at $26. The cryptocurrency rose to a high of $32.50 before falling back. Solana (SOL) long-term price forecast: bullish This is the first time since January 20 that the overhead barrier at $26 was broken and the upward momentum was maintained. If the upward momentum continues, Solana will reach a high of $50. However, further gains in cryptocurrencies are ...

As bitcoin (BTC) started to fall from the crucial $26,000 mark, the social volume and sentiment toward altcoins have risen tremendously, according to data provided by the market intelligence platform Santiment. While the prices of some of the major altcoins — ethereum (ETH), binance coin (BNB) and XRP, for example — have witnessed notable drops over the past 24 hours, Santiment’s data shows that their social volume has risen. Moreover, bitcoin saw a tremendous social rise in mid-March, but the recent events regarding the US Securities and Exchange Commission (SEC) and the leading crypto exchanges, Binance and Coinbase, its social media trend has fallen significantly. ️ With #Bitcoin's social volume finally declining ever so slightly after its March ascension, #Ethereum, #XRPNetwork, and #BinanceCoin are now getting increased discussion. #Altcoins continue recovering by varying degrees based on crowd confidence. https://t.co/JFGG5s76at pic.twitter.com/Vxwur2Qsds — Santim...

Bitcoin, the leading cryptocurrency, finally found support near the $16,900 level on December 7, which is being extended by an upward trend line. The second-most valuable cryptocurrency, Ethereum, is also supported above $1,240, a level that is extended by a double-bottom pattern visible in the 2-hour timeframe. Major cryptocurrencies traded in a mixed bag early on December 7, with the global crypto market capitalization falling 0.02% to $855.67 billion on the previous day.  We will go over the technical outlook in detail later in this article, but for now, let's look at the fundamentals of the market. Let's take a look at the top 24-hour altcoin gainers and losers. Top Altcoin Gainers and Losers Trust Wallet Token (TWT), MultiversX (EGLD), and Holo (HOT) are three of the top 100 coins that have gained value in the last 24 hours. TWT's price has risen nearly 5% to $2.40; EGLD's price has risen more than 4.5% to $45.28; HOT's price has risen nearl...

On-chain data shows BTC price holding its historical trend, and the 200-week moving average is a poor way to assess the Bitcoin bear market, Superswell says. Bitcoin (BTC) spending an “unprecedented” period below a key moving average is a poor guide to the 2022 bear market. That was the opinion of analyst Superswell, who this week championed on-chain metrics as a way of understanding current BTC price action. “Business as usual so far” for Bitcoin bear market In a series of tweets on Dec. 5, Superswell challenged those concerned about the 200-week simple moving average (SMA) disappearing as support on BTC/USD. “Over the last few months, I've seen quite a few people point out that BTC failing to find support at the 200wkSMA is unprecedented and therefore we're in uncharted territory - especially considering how much time we have spent below,” part the thread read. “This is where I personally feel that onchain data provides better information as to where we are in relation to hi...