Author: News Room

In a tumultuous week for cryptocurrency markets, the price of Bitcoin (BTC) experienced a significant correction, plummeting by over 15% before staging a rebound following the Federal Open Market Committee (FOMC) meeting on Wednesday. However, as an article by Will Canny for CoinDesk pointed out earlierntoday, JPMorgan (JPM) analysts caution that the sell-off may not be over, as market positioning still appears overbought, according to a research report released on Thursday. The report, authored by a team led by Nikolaos Panigirtzoglou, highlights the considerable optimism prevalent in the market regarding the prospect of prices rising significantly by the end of…

Cardano’s price, like many other cryptocurrencies, is currently undergoing a corrective phase. The duration and trajectory of this correction are subjects of speculation among investors and analysts. The key question remains: Will Cardano (ADA) experience a prompt recovery, regaining lost ground shortly, or is a further decline in its price imminent? Cardano Price Battles 50-Day EMA Resistance at $0.64 The ADA price experienced a correction from approximately $0.81 to around $0.57, triggered by a bearish divergence detected in the Relative Strength Index (RSI). Cardano found support at the 0.382 Fibonacci level, approximately $0.58, and is now encountering significant resistance at…

Tech giant Google has integrated Ethereum Name Service (ENS) data into its search results through data available from Etherscan. CryptoSlate confirmed this feature by testing it with several ENS addresses, including Vitalik.eth, an address belonging to Vitalik Buterin, the co-founder of the Ethereum blockchain network. The displayed result showed the address details like the Ethereum balance and the timestamp of the last transaction. The data was collected from Ethereum block explorer Etherscan. ENS is a naming system for the Ethereum blockchain that adds human-readable names to various resources, including crypto wallets. Brantly Millegan, a former core member of the ENS team, first…

The cryptocurrency market has failed to recover as swiftly as many expected it to, and Bitcoin’s price seems to be struggling to break above $66K definitively. Most of the altcoins are also trading in the red, with two notable exceptions. Bitcoin Fails at $66K As seen in the chart below, Bitcoin’s price was unable to retain its bullish momentum that took it all the way to $68K. BTC has since retraced, declining by more than 2% on the day, trading where it’s currently at around $65,500. The sentiment is currently mixed, with many believing that there’s more pain to come.…

Bitcoin (BTC) made a significant move towards the $66,000 level today, continuing the ongoing volatility in the cryptocurrency market. Bitcoin Tests $66K as Analysts Expect More Volatility Before Calm Market watchers predict more volatility ahead, despite some signs of consolidation. Pythagoras Investments Capital Formation Director Semir Gabeljic drew attention to the recent fluctuation in Bitcoin, referring to the 10% drop experienced at the beginning of the week. Gabeljic attributed this volatility to spot Bitcoin ETF outflows of approximately $300 million from Grayscale Bitcoin Trust (GBTC) on March 20. He noted that such declines are typical before Bitcoin halving events and…

Blockchain protocol MakerDAO (MKR) continues to see significant gains, maintaining a strong upward trend throughout the year. MKR has seen significant growth of over 358%, accompanied by positive metrics reflecting increased adoption and usage of the protocol. In addition, upcoming voting initiatives aim to further increase the platform’s benefits for its stakeholders. MakerDAO Announces Plans For Rate System Changes In a recent announcement, MakerDAO stated that it closely monitors developments in the cryptocurrency market and has gained a better understanding of the impact of recent proposals. As a result, the protocol is recommending the next set of changes to its…

Artemis announced the integration of Injective, which seeks to give institutional-grade analytics to its users. This enables users to enhance their access to extensive data analytics, thereby facilitating the process of making well-informed decisions. The objective is to foster transparency and enhance the cryptocurrency ecosystem as Artemis pioneers a novel approach to strategic advancements and more astute investments within the sector. Proposing chain-level metrics for every injective will grant dApps and injective users perpetual access to comprehensive dashboards. Artemis, being a data analytics platform, provides protocols and users with analytics that are fit for an institution. Investors intend to delve…

Floki and TokenFi partnered with the World Table Tennis Championship in South Korea. The event is set to reach 450 million viewers, expanding Floki’s global presence. Strategic move taps into South Korea’s crypto landscape and Asia’s table tennis craze. Floki and TokenFi are making a significant splash in the sports industry as they secure their position as the Official Cryptocurrency Partner for the upcoming World Table Tennis Championship in Incheon, South Korea. FLOKI AND TOKENFI TO BE THE OFFICIAL CRYPTO PARTNER FOR WORLD TABLE TENNIS CHAMPIONSHIP IN SOUTH KOREA, SET TO REACH HALF A BILLION PEOPLE#Floki and #TokenFi are making…

The bounce back continues on the cryptocurrency market, according to CoinMarketCap. ETH/USD The rate of Ethereum (ETH) has increased by 5.59% over the last 24 hours. On the hourly chart, the price of ETH is in the middle of the local channel. At the moment, the rate is far from key levels, which means that neither bulls nor bears have seized the initiative. If buyers want to get back in the game, they need to restore the price above the $3,600 zone. On the bigger time frame, one should focus on the daily bar closure in terms of the nearest…

Pepe price reignited the bullish sentiment among investors on Wednesday after charting a substantial rise on the charts. This instilled hope among a certain group of investors of witnessing profits again. However, broader market conditions pose a roadblock in the meme coin’s path to achieving a new all-time high. Investors’ $900 Million Target Pepe’s price registered a 643% rally since the end of February to bring the price to an all-time high of $0.00001084, with the intra-day high hitting $0.00000996. These gains, however, were corrected over the last week until Wednesday’s rally, which reclaimed some of the losses. Trading at…