[ad_1] Key takeaways USDT’s total market cap is close to its all-time high of $84.1 billion. Tether’s recovery could see the broader crypto market embark on a rally again. Metacade could be one of the biggest winners thanks to the project’s huge potential. The cryptocurrency market has been in a bearish cycle since 2021, with the prices of most coins and tokens down by more than 50% from their all-time highs. However, the market sentiment has improved this year, with Bitcoin and other major cryptocurrencies up by over 40% year-to-date.…
Read MoreDay: May 24, 2023
Tulipart.com Launches A Collection of Tulip NFTs Minted Daily over 7 Years – CoinJournal
[ad_1] Zug, Switzerland, May 24th, 2023, Chainwire Tulipart.com is a collection of 10,000 unique tulip NFTs. Over a period of 7 years, 4 Tulip NFTs will be minted every day until the goal of 10,000 is reached. Each Tulip NFT consists of six different components, which range from common to exclusive, making them more or less rare. New Tulip NFTs aren’t available for direct purchase; they are solely distributed to $LAND token holders via a lottery system. Participation involves holding and staking $LAND tokens. Staking a higher amount of $LAND…
Read MoreBitcoin dips 5% to key support in ‘moment of truth’ for crypto market
[ad_1] Bitcoin (BTC) fell sharply after the May 24 Wall Street open as a “long awaited retest” of key trend lines materialized. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin abandons uptick to retest moving averages Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $26,154 on Bitstamp — its lowest since May 12. The latest action was a world away from just the day prior, when upside formed the main story for the market and Bitcoin was aiming for $27,500. Rangebound volatility was thus the name of…
Read MoreInvestor Who Called Market Bottom Says Bitcoin (BTC) and Crypto Primed for Big Reversal – Here’s Why – The Daily Hodl
[ad_1] A trader known for correctly calling the 2022 crypto bottom says it “seems like a prime time” for the digital asset market to reverse. Venture capitalist Chris Burniske tells his 260,100 Twitter followers that multiple factors are lining up in Bitcoin (BTC) and crypto’s favor. “BTC at [200-week simple moving average], worst of Fed action is behind us, credit crunch is there but not a crisis, US gov unlikely to default, equities rallying while crypto lags — seems like a prime time for us to reverse — what am…
Read MoreBitcoin metric signals volatile $40k-$22k move, analyst says
[ad_1] Bitcoin could see a volatile phase within the $40k and $22k price range, James Check, lead on-chain analyst at Glassnode says. BTC’s sell-side risk ratio is approaching an all-time low, with traders on both sides showing exhaustion after recent price action. The flagship crypto traded at $26,400 on Wednesday, about 3% down in the past 24 hours. On-chain metrics for Bitcoin suggests the flagship cryptocurrency could be looking at massive price moves in the short term. After struggling to break the $27,600 resistance level following dips from above $28,000,…
Read MorePepe price forecast as trading and search volume slips
[ad_1] Pepe price continued slipping as concerns about the token and volume slipped. The token dropped to a low of $0.0000014, the lowest level since May 17. In all, Pepe has crashed by more than 66% from the highest level this year. Volume and volatility slipping Pepe made headlines earlier this month as its popularity jumped during the so-called meme coin season. One of the biggest headlines was the fact that the token made several illiquid millionaires. This means that some of its wealthiest holders were not able to liquidate…
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