Large movement of coins to exchanges often breeds price volatility.

According to an X post by crypto trader Merlijn The Trader, Bitcoin (BTC) is following the ‘megaphone pattern’, positioning the top cryptocurrency for potential upside momentum. However, BTC must stay above the $72,000 price level for the pattern to play out. Bitcoin Following Megaphone Pattern – Time To Buy? Earlier today, BTC tumbled below the […]

Utah’s State Senate has exited the Strategic Bitcoin Reserve (SBR) race after amending the proposed bill allowing the state treasury to invest in digital assets. The amended legislation is now headed to Utah Governor Spencer Cox’s desk to be signed into law. Related Reading: Coinbase Hiring Spree: 1,000 Jobs Incoming As Crypto Regulations Improve Utah […]

Shiba Inu is reeling from a sharp price crash, with on-chain data pointing to massive selling by large holders (whales) as the culprit. Over the past week, SHIB’s market value has dropped significantly alongside the rest of the industry, erasing recent gains and testing key support levels. The exodus of Shiba Inu whales has not […]

CoinShares, a prominent European digital asset manager, earlier today released its latest report on cryptocurrency investment flows. The findings revealed that digital asset investment products experienced their fourth consecutive week of outflows, totaling $876 million. Despite the slowdown in outflows compared to previous weeks, CoinShares’ Head of Research, James Butterfill, noted that investor sentiment continues […]

Data shows the sentiment among the Bitcoin traders has deteriorated into extreme fear as BTC has plunged to start the new week. Bitcoin Has Seen Another Setback To Kick Off Monday Bitcoin renewed optimism among investors last week as its price showed signs of recovery, but it would appear that the cryptocurrency has decided to […]

Dogecoin (DOGE), the number one meme coin, has since grown from an internet joke into a full-blown digital currency in the crypto space. Despite its rapid growth, the question remains: what would Dogecoin’s price be if it reached the market capitalization of Bitcoin (BTC), the world’s largest cryptocurrency? With Bitcoin dominating the space with its […]