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Bitcoin is a volatile asset but BTC price can get stuck inside narrow trading ranges for week, if not months for multiple reasons. Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin?  Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support currently near $26,890. BTC/USD four-hour price chart. Source: TradingView On May 22, Bitcoin dropped below the support trendline to around $26,550 but recovered quickly afterward to $26,900 — a bullish rejection. Meanwhile, the volumes were relatively lower, suggesting fewer traders participated in the intraday dump-and-pump move. Overall, these technicals illustrate an ongoing bias conflict among traders. In other words, they are unsure about the direction of Bitcoin's next price trend with the same amount of buyers an...

Join Our Telegram channel to stay up to date on breaking news coverage According to the latest reports, bankrupt cryptocurrency hedge fund Three Arrows Capital has managed to sell seven NFTs from its expansive collection. Sotheby’s, the well-known fine arts auction house, announced the news while confirming that the seven NFTs sold for a whopping $2.5 million.  Background to the NFT Sale Three Arrows Capital (3AC) is a Singapore-based crypto hedge fund that filed for bankruptcy in June last year. It was one of the first and worst-hit firms during the crypto winter amidst the astronomical fall of LUNA and TerraUSD. At that time, 3AC held around $1 billion worth of assets with close to $22 million worth of NFT collection.  3AC subsequently went into the liquidation phase, and Teneo, the court-appointed liquidator, recently announced its intent to sell certain NFTs from 3AC’s collection. However, Teneo also confirmed at the time that the sale would not inc...

Three Arrows Capital is currently undergoing bankruptcy proceedings and owes an estimated $3.5 billion to creditors. The auction for parts of bankrupt Singaporean crypto currency hedge fund Three Arrow Capital's (3AC) nonfungible tokens (NFT) collection fetched a total of $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby's, highlighted collectibles on sale include Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187, and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1.0 million. In response to the news, Kyle Davies, co-founder of 3AC, wrote: "NFT grails mooning on Sothebys, WorldCoin scanning millions of eyeballs, Aptos the next Solana 3AC Portfolio is on [Fire]." Previously, Davies wrote "Farewell sweet Goose" in response to the commencement of the auction.  At the same time, fellow co-founder Su Zhu said "Sent a few of them the Sothebys auction results, and the response is *cricke...

Kiyosaki Advocates Bitcoin Against Corruption On Friday, while speaking about the country’s present economical situation, the 76-year-old author and entrepreneur shared his thoughts on the current economic state of the country, painting a grim picture of a looming “crash landing”. advertisement Read More: Cardano Founder Calls For “Decentralized Updates” Over Ledger Controversy Amidst rampant corruption and widespread incompetence, he touted the above-mentioned assets as the most reliable hedge against the impending crisis, emphasizing their ability to withstand volatile times — just like insurance policies. Kiyosaki’s Multiple Warnings Of Economic Crisis In his unrelenting criticism of the US government and the United States dollar, Robert Kiyosaki has many a time, described the currency as nothing more than “toilet paper” and even questioned its future status as the world’s reserve money. As ...

Join Our Telegram channel to stay up to date on breaking news coverage Some CEOs are going across the Atlantic to restart their businesses because the SEC is targeting numerous well-known crypto enterprises. Like we reported previously, the US government, through its agencies SEC and CFTC, has been engaged in a battle against crypto companies , under the guise of regulation s. These actions have been referred by some as “Operation Choke Point 2.0” and have been criticized as driving solid, legitimate cryptocurrency businesses out of the U.S. The SEC has stepped up its action against the cryptocurrency market, pursuing firms and initiatives it claims were peddling unregistered securities. It put up regulations in February that would alter which cryptocurrency businesses may hold client money. The agency warned cryptocurrency exchange Coinbase in March that it had discovered possible breaches of US securities law, which is is normally the last action before the SEC b...

The crypto market started 2023 off with a bang, with its collective market cap climbing from $794,812,541,836 at the start of the year to a high of $1,282,636,649,161 on 14 April, according to CoinMarketCap. In the month that followed, this total has been in a steady decline. However, a recent tweet by Santiment shows signs of hope for the crypto market. In their latest post, Santiment revealed that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has reached historic lows. This is a positive sign for the crypto market since investors moving their holdings to self-custody indicates a bullish long-term outlook for both of the crypto market leaders. At press time, both cryptos were in the green over the past 24 hours. BTC’s price stood at $27,380.94 after it was able to climb 1.99%. Meanwhile, ETH was changing hands at $1,826.54 following its 0.99% gain. In addition, ETH’s positive price movement over the last day was also able to push its weekly price performance ...

A distinctive contrast exists between the activity level in Solana’s NFT space and the price behavior of the blockchain’s native cryptocurrency, SOL. While the buzz continues to increase among Solana’s NFT traders, SOL is tending to minimum volatility. Solana’s native cryptocurrency, SOL, is trading within a tight range. In the past seven days, SOL’s price ranged between $19.81 and $20.84. The current sideways trend is the narrowest range in which Solana has traded since the beginning of 2023. In the last seven days, all the top 10 NFT collectibles on Solana recorded over $13,000 in trading volume. The least among them, Degenerate Ape Academy, registered a trading volume of $13,100, with the highest performer, Mad Lads NFT, accumulating about $87,300 during this period. Most-Traded NFT Collectibles on Solana Last 7D @MadLadsNFT @TheHoopasNFT @FamousFoxFed@SolanaMBS#Transdimensional Fox Federation@SharkyFi@playtheheist@ABC123Community@Claynosaurz@DegenApeAcademy@Magi...

Sharing a Bitcoin (BTC) chart on the daily time frame, Peter Brandt cautioned that traders should not ignore a head and shoulders pattern when confirmed. Peter Lewis Brandt, veteran trader, and accomplished analyst, recently called attention to a head and shoulders pattern formed on the Bitcoin (BTC) daily chart. Brandt cautioned investors not to ignore the confirmation, as the pattern indicates a looming trend reversal to the downside. “A head and shoulders should be taken seriously if it is completed,” Brandt disclosed in a recent tweet, as he shared a chart that shows the formation of the pattern. A head and shoulders should be taken seriously if it is completed $BTC pic.twitter.com/n5ZiLasmUC — Peter Brandt (@PeterLBrandt) May 11, 2023   The chart indicates that BTC formed the left shoulder when it broke out from the $20,000 price in February to between $26,000 and $ 28,000 in March. The asset formed the head in April amid the impressive ...

Income Sharks, the Crypto and market education, Analysis and predictions page on Twitter recently posted a graph depicting the total market cap of the crypto with reference to trending memecoins. Taking into account the memecoin’s behavior in the past four hours, PEPE is seen within the stipulated ranges of the bollinger band and since the width of the bands are contracting, PEPE can be expected to move sideways or consolidate. PEPE/USDT 4-hr Chart (Source: Tradingview ) However, when considering the previous bull run that occured from the same price where PEPE is of now, PEPE has the tendency to break Resistance 1 and reach Resistance 2. Hence, if the coin is on a bull run it is expected to test Resistance Level 1 at $0.00000301. If the bulls are strong enough to break Resistance Level 1, PEPE will move to test Resistance Level 2 at $ 0.0000371. Contrastingly, if the bears overtake the market, PEPE may seek assistance from Support Level 1 at $0.000001109. Furthermo...

The exchange has established trading pairs of BONE/USDT and BABYDOGE/USDT, further expanding the reach of these tokens in the crypto market. Both tokens have already been listed on other major exchanges such as OKX, Poloniex, and Huobi. However, the listing on Tarmex is expected to bring more liquidity and potentially further price action for these tokens. advertisement While the listing of BONE and BABYDOGE on Tarmex is a significant development for these tokens and their respective communities, their prices have seen some fluctuations in the last 24 hours. BABYDOGE has experienced a gain of 1.70%, while BONE has seen a decline of 2.87%, as seen in CoinMarketCap. In the same time period, the burn rate of SHIB, another popular token, has been on the rise. According to the latest hourly SHIB update, the tokens burnt over the past 24 hours amounted to 3,034,309,519, representing a significant increase of 26450.21%. This follows a decline in the burn rate over the p...