Crypto Push

2024-01-23 22:00:01 Bitcoin slips below $40K – Millions in longs get wiped out

Bloodbath in the market
The king coin tumbled to $39,536 at 7:45 pm UTC on the 22nd of January, AMBCrypto noticed using CoinMarketCap’s data. The price recovered to $40,063 at press time as some traders bought the dip.

Grayscale outflows increase selling pressure
The catalyst for the bloodbath continues to be fund flows from Grayscale Bitcoin Trust, formerly Grayscale Bitcoin Trust (GBTC). Open / Comment

2024-01-20 21:00:35 Why Bitcoin might end its bearish price action soon

Bullish divergence spotted on Bitcoin’s chart!
Bitcoin investors bore losses last week as the king of cryptos price dropped by more than 2% in the last seven days. According to CoinMarketCap, at the time of writing, BTC was trading at $41,592.53 with a market capitalization of over $815 billion.

Is an uptrend inevitable?
To better understand whether BTC would begin a bull rally, we took a look at its on-chain metrics. Though market indicators were bullish, a look at BTC’s on-chain metrics suggested that the possibility of an uptrend in the near term was slim. Open / Comment

2024-01-19 16:00:11 Samson Mow Sees #Ethereum As ‘Stupid Man’s’ Bitcoin & XRP A ‘Tricky One’

Read more Open / Comment

2024-01-17 15:01:20 Will Dogecoin feel the effect of this massive 990M transfer

DOGE wants to fall
On the 9th of January, a similar transaction took place. About one billion coins were moved from Binance to another wallet. Moments after that transaction, DOGE rose from $0.076 to $0.085. Between that time and press time, DOGE’s price had dropped and was changing hands at $0.082.

A breakout can’t be found
When combined, the increase in circulation and Open Interest suggests a possible DOGE decrease. The Accumulation/Distribution (A/D) indicator also supported this potential. Based on the 4-hour chart, the A/D had stalled at 27.14 billion.

This also confirmed the bias that DOGE would find it hard to breakout. But if bulls increase buying pressure, DOGE could breach the $0.083 resistance.

Once this happens, a move toward $0.09 could be next. However, that might not be the case in the short term. But if altcoins start to move upwards again, DOGE’s price might also increase. Open / Comment

2024-01-14 21:00:13 Will Bitcoin crash to $34k? Here’s what the data suggests

How Bitcoin plummeted under $43,000
AMBCrypto had earlier reported how the price of the king coin had plummeted a few days after the ETF approval. To be precise, BTC went down by over 7% within a 24-hour timeframe.

Are investors buying BTC?
To check the larger market trend, AMBCrypto took a look at Bitcoin’s metrics. Our analysis of CryptoQuant’s data revealed that BTC’s exchange reserve was increasing, meaning the selling pressure was high at press time. Open / Comment

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2024-01-11 17:00:15 BNB vs Polygon: Which network takes the cake with high user activity

BNB chain and Polygon see over 1 billion transactions
Coin 98 Analytics released data on the transaction volumes of popular networks in 2023. The findings revealed that the BNB chain and Polygon secured third and fourth positions among the 17 networks analyzed.

Polygon and BNB chain end the year on a high
An examination of transaction trends on the BNB Chain and Polygon showed a similar pattern. The pattern observed was that these networks recorded their highest number of daily transactions in 2023.

Did the transaction impact volume and TVL?
An examination of the transaction volume and Total Value Locked (TVL) for the BNB Chain and Polygon revealed that the increased transaction activity did not yield significant impacts. Open / Comment

2024-01-08 15:30:48 SHIB prices fall by 25% – Should you buy the dip?

The 50% retracement level could be hotly contested
The market structure of SHIB was firmly bearish. The RSI also fell below neutral 50 to reflect downward momentum.

The supply on exchanges saw a steady drop
The supply on exchanges metric trended higher in October and the first half of November. Thereafter, it has fallen. This showed increased SHIB accumulation. The mean coin age also reversed its downtrend in the past month.

This was a strong signal of a high volume of SHIB token movement and pointed toward the likelihood of a wave of selling. Another, smaller wave could be imminent. Open / Comment

2024-01-05 18:00:55 Digital asset inflows soar to record highs as BTC, SOL take center stage

Inflows hit a record high in 2023
Recent data from Coinshares showed that in 2023, digital assets experienced the third-highest volume of funds inflow. The report indicates a total inflow of $2.25 billion for digital asset products.

Bitcoin and Solana lead inflow volume
Bitcoin witnessed a substantial influx of $1.9 billion, constituting 87% of the total flows. Additionally, Solana experienced the second-highest inflow for the year, with total inflows reaching US$167 million, accounting for 20% of the Assets under Management.

How Bitcoin and Solana have trended so far
Examining the daily timeframe chart of Bitcoin showed that since reaching the $40,000 price level, it has sustained that position despite some fluctuations. Open / Comment

2024-01-02 19:01:24 Ripple begins 2024 with 1 bln ritual unlock: How about XRP?

Another year, another unlock
At press time, the value of the total tokens unlocked was $611.42 million. For the uninitiated, Ripple unlocks these tokens as a strategy to stabilize the XRP price.

Steady lads, bulls need to deploy capital
At press time, the RSI reading was 44.93. But XRP would need the RSI to rise above the 50.00 midpoint to confirm the reversal. If this happens, then XRP could be on its way to hitting $0.65. Open / Comment