Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected

Bitcoin (BTC) recorded slight gains as the Consumer Price Index (CPI) inflation rate for February came in lower than expected. The softer inflation reading fuelled hopes of interest rate cuts by the US Federal Reserve (Fed), potentially benefiting risk-on assets. Bitcoin Jumps As Inflation Cools According to data from the US Bureau of Labor Statistics,…
Read MoreBitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected

Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean?

Bitcoin is beginning to show signs of a potential reversal after experiencing a prolonged bearish trend. Although the cryptocurrency remains below $85,000, it has recorded a 2.6% increase, with its price currently at $83,510. Despite this short-term uptick, Bitcoin is still down by roughly 7.5% over the past week, reflecting a continued downtrend. Regardless of Bitcoin’s…
Read MoreBitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean?

This Crypto Analyst Correctly Predicted XRP Price Crash Below $2, Here’s The Rest Of The Forecast

A new XRP price forecast has emerged, offering insights into the cryptocurrency’s next bearish move. A crypto analyst who previously predicted XRP‘s crash below $2 has provided a more comprehensive outlook, outlining key support and resistance areas that will determine XRP’s next target.  According to TradingView crypto analyst, ‘MMBTrader,’ the XRP price is set to…
Read MoreThis Crypto Analyst Correctly Predicted XRP Price Crash Below $2, Here’s The Rest Of The Forecast

Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals

The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC…
Read MoreBitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals

Promising Altcoins to Buy as Analyst Predicts Bitcoin Will Be Left Behind in the Next Rally

The analyst who predicted the end of the 2021 crypto cycle has come out with another bold prediction. Don’t worry, though, as it’s a bullish prediction this time around. Capo, who has around 950K followers on X, said that the current dip in Bitcoin prices might be a bear trap. Although Bitcoin plummeted to $76K,…
Read MorePromising Altcoins to Buy as Analyst Predicts Bitcoin Will Be Left Behind in the Next Rally

Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon?

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low. Solana Loses Key Support Level Solana has been one of the leading cryptocurrencies of the cycle, fueled…
Read MoreSolana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon?