Market Analysis

Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment. BTC price “fills” latest CME futures gap Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000. The pair erased its entire uptick seen over the weekend, coming full

Pepe (PEPE) price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators. PEPE charts flash a classic bearish reversal pattern From a technical standpoint, the price of PEPE could

Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the

Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. Bitcoin pauses into monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $27,700, having briefly spiked above the $28,000 mark. The pair encountered resistance below its local highs from around

Almost 25,000 investors have signed up to trade alongside ChatGPT as they follow the GPT Portfolio experiment from copy trading firm Autopilot. The traders have bet a combined $14.7 million on the AI’s stock picks, which would average about $600 each if they all invested after signing up. They’re hoping to take even a small

Bitcoin (BTC) traded near $28,000 on May 28, with traders still wary of a full correction of weekend upside. BTC shorts increase as $28,000 slips Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility after a last-minute surprise saw action around the weekly close. With United States markets closed for the Memorial Day

Driven by heightened demand for Bitcoin (BTC) block space, fueled by Ordinals inscriptions and the PEPE-fueled BRC-20 memecoin mania, miners have become direct beneficiaries of a sudden boom in transaction fees, increasing their bottom lines. This surge has resulted in an unprecedented increase in the average number of transactions, and consequently revenue per BTC block

Bitcoin shrugs off new U.S. inflation woes Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp. The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022. Such a reading should present a headwind for risk assets, including crypto, as it implies that

A bearish technical formation has driven down the total crypto market capitalization over the past seven weeks. Bitcoin’s (BTC) 2% decline — and a 1.7% and 2.5% decline from BNB (BNB) and XRP (XRP), respectively — were the main drivers of the most recent 1.3% correction between May 18 and May 25. The descending wedge formation

Synthetix weekly trading volumes surpassed $1 billion, overtaking decentralized derivatives exchange GMX to become the second-most active platform. The trading volume data from Token Terminal shows that Synthetix did more than twice the trading of GMX in the seven-day period starting May 17, thanks to Optimism (OP) token incentives for perpetual swap traders. The Synthetix

Crypto embraced, then forgotten by Chinese state television On May 23, China Central Television (CCTV), the country’s government-owned broadcasting corporation, aired a short, 98-second segment regarding the adoption of cryptocurrencies in Hong Kong. During the session, state news anchors briefed its audience on how Hong Kong regulators “have made final preparations” for the trading of

Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, says a new analysis. In findings uploaded to Twitter on May 26, Checkmate — lead on-chain analyst at Glassnode — revealed a BTC price showdown in the making. Analyst warns Bitcoin bulls “not doing anything” Struggling near key trend lines,

Bitcoin (BTC) price has consolidated within a tight range as hodlers remain hardened and new liquidity is not arriving.  While Bitcoin is typically a highly volatile asset, weekly consolidation around a slight 3.4% price range has many analysts feeling that BTC price is stuck. Others are anticipating an uptick in volatility. While the lack of

Earlier in May, the market capitalization of Pepecoin (PEPE) — a cryptocurrency inspired by the popular internet meme Pepe the Frog — had soared to $1.8 billion. Two weeks later, the PEPE market cap has come crashing down to roughly $665 million, a 65% decline. Let’s look at the reasons why.  Pepe mania winners dump PEPE whales appear

Bitcoin (BTC) staged a classic range comeback on May 23 as markets “bought” hopes that the United States had resolved the debt ceiling debacle. $30,000 back on the cards Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed toward $27,500 on Bitstamp overnight. Still stuck in a familiar trading corridor, the pair

The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam.  Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin

Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC. Back: Adoption trend lays path to “hyperbitcoinization” It was a

Bitcoin has been trying to break above the $27,500 resistance for the past week but to no avail. One of the reasons limiting Bitcoin’s (BTC) upside is the risk of an eventual United States default as the government struggles to get the debt limit increase approved in Congress.  Still, some analysts and investors argue that the U.S.

Top Stories This Week Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million Bitcoin has crossed a significant threshold this month — there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin “wholecoiners.” If the trend continues,

Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. Powell leaves market with “tons of uncertainty” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000. The pair had seen brief volatility after Jerome Powell, Chair of the Federal Reserve, gave