TechnicalAnalysis Archives - Page 117 of 139

May 30, 2022

Tron Becomes Third-Largest DeFi TVL Blockchain Amid Booming Interest for USDD

The Tron (TRX) network has recorded some significant growth in recent times. Tron’s Stablecoin USDD has contributed the most to the network growth as its market capitalization spikes to over $600 million. This rally in adoption also played a significant role in the surging value locked in DeFi prot...

#CRYPTOCURRENCY #NEWS #TechnicalAnalysis #TRON #TRX

May 29, 2022

Bitcoin Remains In Aggressive Sideways Pattern as BTC Loses Correlation to Stocks

Bitcoin (BTC) remained on the back foot for most of last week, recording a two-week low of $28,000. That said, Bitcoin is set to record its ninth consecutive bearish weekly candle, the longest losing streak in its history. Although there are some hours left before this candle is closed, it is highl...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

May 27, 2022

Binance to Work with Kazakhstan on Crypto Regulation, Signs MOU

Behemoth cryptocurrency exchange Binance recently signed a memorandum of understanding (MOU) with the Kazakhstan Ministry of Digital Development, Innovation and Aerospace Industry. The crypto exchange and the Central Asian nation will work together concerning the local cryptocurrency industry. The ...

#Binance Coin #BNB #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

May 26, 2022

Bitcoin Records Highest DAA Reduction in 10 Months, Bearish BTC Bias Persist

Applying computing power to mine Bitcoin (BTC) has become a bit easier than it was before May 25, 2022, as the BTC difficulty adjustment algorithm (DAA) recorded a 4.33% drop. Before the difficulty adjustment, Bitcoin had a difficulty of approximately 31.25 trillion. As of today, this metric is at ...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

May 25, 2022

Tron Becomes Thirteenth-Largest Crypto Amid Bullish

Tron (TRX) has overtaken Avalance (AVAX) to clinch the number 13 position on top crypto rankings based on valuation. This nine-position jump came after TRX recorded a massive rally over the past few weeks. The Tron ecosystem emerged as one of the top gainers in the recent historic crash after the d...

#CRYPTOCURRENCY #NEWS #TechnicalAnalysis #TRON #TRX

May 24, 2022

Bitcoin Network Hashrate Remains Stable Above 200 EH/s Despite Record DAA

The Bitcoin (BTC) network hashrate has remained solidly above the 200 exahash per second (EH/s) mark since it tapped a lifetime high two weeks ago. On May 2, 2022, the Bitcoin network hashrate hit the 275.01 EH/s high at a block height of 734,577. Additionally, the BTC network’s difficulty adjustme...

#BITCOIN #BTC #CRYPTOCURRENCY #New #NEWS #TechnicalAnalysis

May 23, 2022

Dogecoin Adoption Soars as Whales Take Interest in the Meme Coin Again

Recent reports from WhaleStats suggest that Dogecoin (DOGE) has, once again, become one of the most purchased crypto assets by BSC whales, with analysts predicting a major price rally. Prominent on-chain analytics platform IntoTheBlock also released a report on Dogecoin’s renewed bullish sentiment,...

#CRYPTOCURRENCY #DOGE #DOGECOIN #NEWS #TechnicalAnalysis

May 22, 2022

Bitcoin Supply on Exchanges Drops to 18-Month Low in May as Market Fears Lifts

Despite the persisting bear trend, reports show that the supply of Bitcoin (BTC) on cryptocurrency exchanges continues to decline, as it drops to its lowest point since November 15, 2020. On March 12, 2020, a day after the historic “Black Thursday,” the total number of BTC on centralized cryptocurr...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

May 18, 2022

Shiba Inu Records Highest-Ever Token Burn as SHIB Remains in Sideways Bias

A mysterious wallet just broke the Shiba Inu (SHIB) community by setting a new burn record. The wallet, which occurred a few hours ago, saw 10 billion SHIB (worth $120,000 using the current exchange rate) get permanently deleted in a single transaction. This burn is the highest single community-led...

#CRYPTOCURRENCY #NEWS #SHIB #Shiba Inu #TechnicalAnalysis