Author: Joy Nganga

Bitcoin (BTC) has shown volatility around the $60,000 zone in recent times owing to several economic indicators and market activities. Bitcoin is trading at $58,727.16 with a 24-hour trading volume of $26,933,701,890. Nonetheless, Bitcoin failed to break above its weekly resistance level of $58,500 even during today’s hike. Moreover, cryptocurrency prices are being impacted by sizeable transactions such as selling pressure from the transfer of 10 853 BTC by the German Government. CPI Data Fuels Bitcoin’s Rally The release of CPI data announcing an unexpected deceleration in inflation saw Bitcoin surge immediately. In June however, CPI was negative for the…

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The meme token Dogecoin has seen a volatile week of trading, dropping 11% to a low of $0.1059, although the cryptocurrency is still up by more than 66% over the last year. It has traded above $0.10 with relative consistency and is currently at $0.1078. This forms part of a wider trend in which DOGE lost 26% of its value over the past month but still boasts a significant annual gain.  Dogecoin Eyes Off $0.1132 Resistance Amid Mixed Technical Signals On the four-hour DOGE/USD chart there is a tentative approach to the $0.1132 resistance level, while technical indicators are giving…

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The price of bitcoin has experienced a dip recently and hovered around $56,350, only slightly above the previous week’s low of $53,630. This recent decline has been caused by major liquidations from large holders such as Whales and the German government and some accounts connected with the now defunct Mt. Gox exchange platform. Live Bitcoin price is currently at $57,527.81 as per the latest updates which represents a 2.99% rise over the past 24 hours traded volume valued at $35.82 billion. Bitcoin Bounces Between $55,240 and $58,131 An intraday chart of Bitcoin reveals that its daily performance has fluctuated with…

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Despite the general downturn in the cryptocurrency market, Solana (SOL) has remained resilient and is still hovering around $140. The second week of July began on a bearish note for most digital assets after Bitcoin dropped to $56,000, which set a negative mood across the market including Solana (SOL). Despite posting gains earlier in the week it was cut short toward the end when it experienced a pullback and broke below its local support at $138.06 thus indicating increased selling pressure that could extend this downward correction to $134. Sol Shows Resilience Amid Downturn Solana is trading at approximately $139.98…

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The primary cryptocurrency, Bitcoin (BTC), witnessed a significant fluctuation in its price last week, going as low as $53,500 before rebounding significantly above the $57,000 line. These latest market happenings are amidst a bigger market confusion influenced by issues like the impending Mt. Gox sell-offs and current debates about how the German administration has managed BTC assets. Technical Indicators Point to a Tough Battle Ahead Bitcoin’s trading session over the past while has been quite chaotic, falling close to $53,500, probably resulting in an unstable position below several key support levels. Nevertheless, mild recovery could be seen pushing its price…

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​​ ​​BNB has been able to recover after a price drop of over 24 hours that saw it rally above the critical support level of $500 and gain even more bullish momentum. At the time of writing, BNB is worth $507.43 meaning that there has been an increase by 8.08% in a day.  Market capitalization has risen sharply with the price, now about $74.89 billion. Trading volumes within the past one-day period also increased significantly, rising to almost $1.94bn. This shows growing investor confidence and more activities going on in BNB trading.  BNB’s Price Surges Past $500  Over the last…

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The crypto market has taken a significant hit, causing Bitcoin to come down in a spiral. An analysis of the price of Bitcoin reveals that there was ​​a steep fall as it went on to drop by nearly 8% over the last day and achieved the minimum value during the past four months i.e., February. It is part of the overall bearish trend which has seen 23.5% since the beginning of last month. Technical Analysis: BTC Breaks Below Key Support of $55k On daily charts, Bitcoin crossed below a crucial psychological and technical barrier at $55,000. Earlier this level had…

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Solana (SOL) price analysis indicates bearish sentiment as the crypto struggles to stand firm amid a wider market correction. Solana had a hard time in the previous 24 hours with prices falling by 8% to trade at $136.47 during early morning EST. This fall came on the tail of an upsurge in trading activities which could be attributed to VanEck’s spot ETF for Solana plan. Technical Indicators Point to Continued Struggles The technical landscape of Solana currently leans bearish. The price is consolidating within a descending parallel channel signaling a continuation of the downtrend unless otherwise. Although this channel’s centerline…

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Ripple XRP’s action today attempts to break the $0.50 resistance level which has proven to be tough in recent trading sessions. Ripple is currently changing hands just below this all-important level at about $0.47, with multiple resistance layers hindering its way up. The 50 EMA around $0.50 brings to the fore a psychological resistance point on the technical landscape for XRP. In addition, there are also other significant barriers such as the 100 EMA at $0.52 and the 200 EMA at $0.53 above it. These levels have not been surmountable as volumes traded fall short of what would sustain a…

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The Bitcoin (BTC) price has made a strong recovery, breaking out of its June downtrend and setting itself up for potential gains. This comes after the cryptocurrency formed a new higher low on the weekly chart, typically seen as a very bullish signal. After a tough April post-halving in which it lost 50% of its mining rewards, Bitcoin has been showing signs of life again with recent movement suggesting that $63k is a solid base. July saw Bitcoin begin by printing a daily close above $63k, flipping what had become resistance into support. Most notably though, this level was defended…

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