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Bulls are not going to give up so easily, according to CoinStats.

Although cryptos to watch have skyrocketed, instilling a dramatic confidence boost in the underlying blockchain ecosystem, we also have to ask the natural question: why?

The world's largest crypto exchange Binance on Wednesday said it is launching zero-fee trading for six FDUSD spot and margin pairs amid the ongoing crypto market rally. The crypto exchange plans to launch zero-fee trading initially for crypto — Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).

Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4.

Buyers are still dominating over sellers, according to CoinStats.

Tearing down bearish barriers: Shibarium hits 7M transfers as cryptocurrency traders assess the odds of SHIB erasing a zero.

Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears determined to break the resistance at $2,140 which was tested twice since early November.

The price of Binance (BNB) coin has dropped below the moving average lines. Rejection at the high price levels of $234 and $239 caused the decline. BNB price analysis by Coinidol.com.

The growth has not lasted long, and most of the coins have returned to the red zone.

BNB Chain, the blockchain platform that powers the BNB token and the Binance Smart Chain, has revealed the technical roadmap for its layer-2 scaling solution, opBNB. The roadmap aims to improve the performance, speed, and cost of the network, which is based on Optimism's OP Stack.

With the new roadmap, transaction costs could be reduced to $0.001. Developers would have access to multiple nodes while opBNB becomes “high performance.

In the last two months, Bitcoin (BTC), the world's most valuable cryptocurrency, has been increasingly decoupling from XRP, the native currency of the XRP Ledger (XRPL), and BNB, the coin priming the broader Binance ecosystem. While this pans out, Dogecoin (DOGE) and Cardano (ADA) remain mostly correlated with Bitcoin.

In a six-month roadmap unveiled on Nov. 29, the BNB Chain development team said it is targeting 10,000 transactions per second and fees of $0.001 on the layer two (L2) solution Opbnb. Sometime between 2024's second and third quarters, the objective will be to lower the gas limit per block increase from 100M to 200M.

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.

The prices of most of the coins have managed to resume a bullish trend today.

The roadmap paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain.

The BNB price decreased considerably last week, creating a large bearish candlestick.

Binance Coin saw negative sentiment and we The post BNB fails to breach $240, here's where the coin might head next appeared first on AMBCrypto.

Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling. XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins.

In the ever-evolving landscape of the cryptocurrency market, recent trends have signaled a notable shift, particularly among altcoins. Over the past 60 days, some of these digital assets have displayed a reduced correlation with Bitcoin, the market's flagship cryptocurrency.

BNB Chain added a few more dApps to its portfolio. BNB's weekly chart remained in the red, and market indicators supported the bears.

Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers.

The week has started with a continued correction of the cryptocurrency market.