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Showing posts with the label crypto markets

Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week

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Bitcoin started the week trading above $19,000, as bulls made a sluggish return to the token, following recent sell-offs. Ethereum also rallied on Monday, after a brief stint trading below $1,300. Overall, the global crypto market is down 1.19% as of writing. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs. Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day. Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500. BTC/USD – Daily Chart Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00. As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level. Should price strength continue to move towards this point, we will likely see prices move towards t...

Shiba Inu Gets New Listing, Burn Rate Surges over 400%

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Cryptocurrency exchange BitMEX has announced that it will list the popular canine-themed crypto project, Shiba Inu (SHIB) on its platform, along. The exchange has not revealed an exact date of the listing but has assured investors that it will happen very soon. BitMEX announced the development via an official blog and tweet. Apart from Shiba Inu, the exchange will also list The Sandbox (SAND), Cronos (CRO), Decentraland (MANA), FTX’s native token (FTT), and Wrapped Bitcoin (WBTC). 🚨New arrivals incoming 🚨 We’re about to drop six cryptocurrencies on our platform: $SHIB$WBTC$CRO$MANA$FTT$SAND Want more? Read on: https://t.co/PmFbK7vOY6 — BitMEX (@BitMEX) October 10, 2022 As per the announcement, users and investors will soon be able to deposit and withdraw SHIB using their BitMEX wallet. Moreover, they may convert the aforementioned cryptocurrencies to USDC or USDT, and vice-versa, without any hidden fees. However, there is a minimum amount ...