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Market Watch: BTC Tests $61K While BNB Skyrockets 150% in 2 Weeks

Bitcoin’s prolonged story with the $60,000 price mark continues as the asset has spiked above it once again. However, its dominance keeps suffering as some altcoins have marked substantial gains. Binance Coin stands out with a massive double-digit price surge and yet another ATH at above $570. Bitcoin Flirts With $60K Again The primary cryptocurrency continues its fight with its round-numbered nemesis $60,000. As reported on Saturday, it seemed that the asset’s struggles were finally behind it as BTC spiked above it and even reached a 3-week high of $61,200. However, Sunday turned out to be a different story as…

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Bitcoin Explodes Above $60K: Ethereum & BNB Break ATHs

After failing to overcome its round-numbered nemesis of $60,000 for weeks, bitcoin has finally broken above it. Most alternative coins are also well in the green, with ETH and BNB surging to new ATH records at just shy of $2,200 and $485, respectively. Bitcoin Skyrockets Above $60K Bitcoin was unable to continue north following its all-time high in mid-March at $61,800. Just the opposite, the cryptocurrency reversed its trajectory and a few weeks later even threatened to dump below $50,000. Although it tried on several occasions to reclaim $60,000, it failed, and every rejection drove it further south. However, the…

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Crypto Price Analysis & Overview April 9th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to break resistance at $58,355 to reach as high as $58,500, where it currently trades. Looking ahead, the first level…

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Crypto Market Cap Reclaims $2 Trillion: Bitcoin Eyes $58K (Market Watch)

Following a few consecutive days of price slumps and bottoming at $55,500, bitcoin has bounced off and jumped to approximately $58,000. Most alternative coins are also well in the green, with Binance Coin registering yet another all-time high above $420 and XRP surging back to north of $1. Bitcoin Aims at Conquering $58,000 Following the latest rejection just before the $60,000 line on April 6th, bitcoin headed south. In the following few days, the asset lost more than $4,000 of value, which led to the lowest price level in ten days on Wednesday below $55,000 as reported. However, the cryptocurrency…

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BNB Sets a New ATH at $411.7 While Bitcoin Fails To Break Past $60.000

The hodlers of BNB, Binance’s official cryptocurrency, have plenty of reasons to celebrate. Its upward momentum is not stopping, and it seems that the bulls are ready to send the token prices to the moon with nothing to stop them. The cryptocurrency closed on April 6 with a new all-time high at $411.7. That price represents a 9% increase for the day. Not bad considering that the rest of the markets gave mixed signals, with some downward corrections marked by Bitcoin’s general trend. BNB Is On Its Way To Conquer the $400 Price Zone BNB broke the $400 zone yesterday,…

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Binance Coin Analysis: BNB Sets Fresh ATH Above $400 Following 40% Weekly Surge

BNB/USD – Bulls Set New ATHs Above $400 Key Support Levels: $380, $350, $325.Key Resistance Levels: $400, $410, $441.50. Binance Coin is up by a total of 40% over the past week, allowing it to set a new all-time high price at $401. The cryptocurrency found support at $320 after struggling to break resistance at $348.66 (1.414 Fib Extension) earlier in the week. This level was finally penetrated yesterday, which allowed BNB to rise into the $380.86 resistance (1.618 Fib Extension). Today, BNB had pushed higher to scratch above $400 briefly before falling back beneath it to the current $396…

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Altcoin Season 2021 Booming as Bitcoin Dominance at 1-Year Low (Market Watch)

After dipping below $57,000, bitcoin initiated another leg up but failed to challenge the coveted $60,000 price line. In contrast, most alternative coins have surged in value, including a new ATH for Binance Coin and a massive increase for XRP, which has further decreased BTC’s dominance over the market, which is currently at a one-year low. Altcoins in Green; BNB Eyes $400 As reported yesterday, most larger-cap alternative coins were somewhat stagnant, except for XRP. Ripple’s native cryptocurrency had a substantial double-digit gain, and the asset has only doubled down on its increase in the past 24 hours. Another impressive…

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Crypto Price Analysis & Overview April 2nd: Bitcoin, Ethereum, Binance Coin, Cardano, and Polkadot

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push higher as it broke above $55,000 and the 50-day MA on Monday. It continued increasing until reaching as high as $60,100…

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Binance Coin Sets New ATH as Crypto Market Cap Inches Away From $2 Trillion (Market Watch)

Bitcoin touched $60,000 once again but is still unable to overcome the coveted price tag decisively. Some altcoins have registered impressive gains, led by Binance Coin’s 15% surge, which led to a new all-time high for the crypto market cap just shy of $2 trillion. Bitcoin Touched $60K But No Further The primary cryptocurrency has flirted with the $60,000 price line for a few days now. On March 31st, it came inches away from overcoming it after an impressive leg up, but to no avail. Just the opposite, the price slumped by $3,000 in a matter of minutes. However, the…

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Top 5 Cryptocurrencies to Watch in April

The past seven days were quite the roller coaster in the cryptocurrency market, which, fortunately, ended well. The total market capitalization is currently more or less at the same level as where it was one week ago, despite having lost almost $100 million on Thursday when Bitcoin’s price collapsed to $50K. With this said, we take a look at the top 5 cryptocurrencies to keep a close watch over the next few weeks. Bitcoin (BTC) It goes without saying that, for the most part, wherever Bitcoin goes, the market follows. While the rate might not be equal, BTC has dictated…

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Following 10% Weekly Gains, Is BNB on the Way to $30 (Binance Coin Price Analysis)

BNB/USD – Bulls Head Back Toward October Highs Key Support Levels: $27.17, $26, $25. Key Resistance Levels: $30, $31, $32.5. In the last week of September, Binance Coin dropped into the support at $23 and rebounded to reach as high as $29.30 by the end of the month. As October started, BNB headed lower from this resistance but managed to find strong support at the $26 level. A .5 Fib Retracement further bolstered this level at the $25.77 mark. BNB bounced from $26 over the past couple of days and increased to above $29 today. BNB/USD 4HR Chart. Source: TradingView…

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Binance Coin (BNB) Back To Top 5 After 9% Weekly Gains: Bitcoin Price Stagnant (Sunday’s Market Watch)

Bitcoin has stayed in a relatively tight range between $10,500 and $10,600. Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap. Bitcoin Remains In A Tight Range Following the recent price declines from Friday and early Saturday, Bitcoin calmed down. Since yesterday, BTC spiked to a low of around $10,500 and jumped towards the intraday high of $10,600. In the past 24 hours, BTC has stayed within that range. At the time of this writing, the primary cryptocurrency trades near the…

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Crypto Price Analysis & Overview October 2nd: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

Bitcoin Over the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October. Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines together form somewhat of a symmetrical triangle pattern. Today, Bitcoin did spike beneath the rising…

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Cryptocurrency Market Sheds $8 Billion Since Yesterday (Market Watch)

Although BTC dipped to $10,750 yesterday, the asset is back near the psychological $11,000 level. Most alts are trading in the red as the entire market cap has lost over $8 billion from yesterday’s peak. BTC Bounced Off $10,750 After two consecutive rejections at above $11,000, Bitcoin headed for a correction yesterday. The primary cryptocurrency dipped to its intraday low of about $10,750 (on Binance). However, the price decrease was shortlived, and the bulls drove the asset upwards again. As of writing these lines, Bitcoin trades at a familiar ground from the past few days – about $10,950. In case…

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Crypto Price Analysis & Overview September 18th: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement) yesterday. The bullish push has stalled at this resistance and will need to push beyond here to continue this rebound. Looking ahead, if the bulls…

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Bitcoin Price Fails Again at $10,500: BTC Daily Active Addresses Decline

After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370. Bitcoin Rejected At $10,560 During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its position above that level and quickly fell. As such, the primary cryptocurrency bottomed at $10,220 just a few hours later. It has recovered some value since then and currently sits at around $10,350. In case BTC continues falling, it can rely on the short-term support…

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14% of ETH Transaction Volume Now Belongs to Binance Smart Chain

Binance has made it no secret that it aims to dominate the world of DeFi as it has done with the crypto industry. The company is clearly angling to become the Google of crypto, launching new products and incentives on an almost weekly basis. The latest hot DeFi launch, Binance Smart Chain, is gaining traction among the wave of new DeFi clones that are all luring liquidity providers. In the past week or so, new DeFi doppelgangers Cream Finance, BurgerSwap, and BakerySwap have all set up shop on the new Binance blockchain. Binance Smart Chain Eating Ethereum? With DeFi food…

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BNB Skyrockets To New 2020 High After Increasing By 55% Weekly: Binance Coin Price Analysis

Binance Coin surged by an impressive 55% this week to a fresh 14-month high, surpassing $32.50. Against Bitcoin, BNB also created a fresh 14-month high as it reached over the 0.003 BTC mark. The latest price increase allowed Binance Coin to escalate back into the top-7 cryptocurrencies by market cap. BNB/USD – Bulls Set Fresh 2020 Highs At $32.57 Key Support Levels: $28.38, $27.17, $25.75. Key Resistance Levels: $30, $32.57, $34.37. At the beginning of September, the drop in the price of Bitcoin caused Binance Coin to drop from the $26 resistance and reach the support at a 2-month-old rising…

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Who Is Behind BurgerSwap? Already $400 Million BNB Staked in 1 Day Via Binance Smart Chain

 As the DeFi space continues to boom, developers have come up with yet another iteration of a Uniswap-like automated market maker. Zeroing down on the meme-based food token craze, the platform is called BurgerSwap.  BUIDL it, and they come. I do not know who built this one, but it’s already live on #BSC. BurgerSwap https://t.co/hsFQCZ8bcq — CZ Binance (@cz_binance) September 12, 2020 BurgerSwap, unlike SushiSwap or other alternatives, is based on the Binance Smart Chain.  It’s an implementation of ERC-2917, initiated by Tony Carson, Dr. Mehmet Sabir Kiraz, and Dr. Suleyman Kardas, and it aims to improve on Uniswap by…

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Bitcoin Reclaims $10,500, YFI Reached a Record Price of 4.2 BTC (Sunday’s Market Watch)

Bitcoin has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin. DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000. Bitcoin Progresses Steadily The primary cryptocurrency traded in a tight range between $10,280 and $10,360 yesterday. However, the bulls decided to act and increased Bitcoin’s price firstly to $10,480 and then to an intraday high of about $10,580. With the latest movement, BTC overcame the resistance and previous 2020 high of…

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