Cardano price develops lowest daily close in 10 months, but bulls look to take over
Cardano price has stubbornly held onto the $1.00 value area as its primary support. ADA has tested the $1.00 level eight out of the past ten trading days. Cardano price is positioned for a significant bullish breakout if it can achieve a daily close above the Tenkan-Sen at $1.08. ADA has spent the past twelve consecutive days with daily candlestick closes below the Tenkan-Sen.
Crypto.com to form bear trap before CRO breaks out to $0.50
Crypto.com price has made a strong recovery over the past ten trading days. From the January 22 low of $0.33 to the January 29 swing high of $0.44, CRO has bounced nearly 36% higher. Crypto.com is still 28% above its most recent major swing low despite the selling pressure on Sunday and today's continued weakness.
Binance creates $1 billion insurance funds against hackers, benefiting BNB price
The world’s largest cryptocurrency exchange, Binance, has built a $1 billion insurance fund to protect users from hacks. Binance has restricted accounts of Nigerian users in line with anti-money laundering regulations to ensure the platform’s security. Analysts believe that Binance coin price is in a critical area; the exchange’s native token recovered from drop to $330.
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Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
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Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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