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Bitcoin breaks above $21K as short liquidations hit $725 million (www.blockcast.cc)

Bitcoin (BTC/USD) rallied to highs of $21,321 on Coinbase early Saturday as bulls pushed on from the breakout above the $20,000 mark. It was the first time since the brutal dump in November following the collapse of FTX that Bitcoin price had posted such gains. The flagship cryptocurrency has registered seven consecutive green candles on […]

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Silvergate CEO says short-sellers spreading misinformation (www.blockcast.cc)

Silvergate Capital Corporation (NYSE: SI) CEO Alan Lane has said short sellers and other people looking to capitalize on the latest uncertainty in crypto are the ones behind a lot of the speculation and misinformation affecting the sector. Lane’s comments come as the industry comes to terms with the extent of the fraud committed at […]

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Will this positive Ethereum [ETH] observation boost its short-term outlook (www.blockcast.cc)

Investors have had a close eye on Ethereum’s [ETH] performance since the much-talked about Merge. The key point of interest being an assessment of whether network demand or utility would deteriorate, return to normal, or rise to new highs. Here’s AMBCrypto’s price prediction for Ethereum [ETH] for 2022-2023 Ethereum’s performance in the last few weeks […]

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ENS investors can enjoy some short-term gains thanks to these developments  (www.blockcast.cc)

Crypto prices seemed to not be the only ones surging after Ethereum Name Service [ENS] spiked per development activity recently. Without a doubt, the open-source naming system needed to recover after months of consolidation and an increase in the development activity did justice to the plea.  Backing the resurgence, the ENS price also followed with […]

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Uniswap: Can short-term bulls distract traders from UNI’s long-standing bears (www.blockcast.cc)

WhaleStats, a crypto whale movement tracking platform, tweeted a list of most used smart contracts by the top 500 BSC whales. Standing at rank #8 was UniSwap [UNI], which was good news for the blockchain as it indicated increased popularity of the chain and its native token.  🏆 MOST USED smart contracts for the top […]

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Polkadot in a short-term range, but long-term sellers remain strong (www.blockcast.cc)

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polkadot has trended lower on the price charts after the drop below $7.7 A key region of resistance lay above DOT, while bearish targets extend as low as $5 Bitcoin [BTC] had some good […]

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Uniswap [UNI] reaches new record as short-term relief continues (www.blockcast.cc)

Uniswap is making huge waves in the crypto market. The volume on Uniswap has shown a massive growth in the previous week. Notably, in August 2021, the network volume crossed $9.62 billion but this week it totaled at $8.62 billion. That’s down only 7% while overall crypto m-cap was down 49% compared to this time […]

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DEXes fall short on Solana again as market u-turn continues (www.blockcast.cc)

Decentralized Exchanges are continuing to tumble in the crypto industry with the general market downturn. Moreover, DEXes in the Solana ecosystem are also feeling pressure for the past three months. According to Solana Daily, the traffic of DEX projects has decreased “almost steadily” on Solana. In hindsight, this drop has coincided with the general depleting […]

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How ADA short sellers can deploy this strategy to remain profitable (www.blockcast.cc)

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After struggling to break the chains of the midline of its up-channel (yellow, dashed), Cardano’s [ADA] saw an expected breakdown over the last few days. This decline fixated its position below the EMA ribbons to reflect a […]

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Bitcoin [BTC] traders must sit tight without expecting short-term gains because… (www.blockcast.cc)

The price movement of Bitcoin [BTC] has not been to the delight of its investors lately. Since a $25,000 hit on 15 August that sent investors into jubilation, BTC has now only yielded to the reds.  While it consolidated around $24,000 up until 17 August, the last two days have been worse as the BTC […]

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