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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Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery
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Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss have turned bullish, supporting a recovery in the altcoin.
Bitcoin price falls amidst German government transfers, miners activity
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Bitcoin (BTC) extends correction on Wednesday and hovers around $61,000 after finding resistance near the $64,000 level on Monday. Recent on-chain data indicates heightened selling activity from Bitcoin miners early in the week.
Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds
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Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday.
Three reasons why altcoins could shake off losses this week
![Three reasons why altcoins could shake off losses this week](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/cryptos_XtraSmall.jpg)
On-chain data from Santiment shows that altcoins are currently in the opportunity zone, or generating buy signals. The top three altcoins in the buy zone are Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH), per Santiment.
Bitcoin: BTC price correction could end in July, according to seasonal data
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Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.