Price analysis 5/6: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin is facing selling near the 50-day SMA, indicating that the range-bound action may continue for a few days.
Keep up with what's happening in the crypto world in real-time.
Bitcoin is facing selling near the 50-day SMA, indicating that the range-bound action may continue for a few days.
Analysis by Franklin Templeton highlights Solana's potential to rise in dominance in crypto, driven by significant engagement.
None of the sides is dominating at the beginning of the week, according to CoinStats.
BNB, the native token of Binance Chain, is among the top ten most popular cryptocurrencies because of its high market cap. The token has a great support system thanks to the Binance exchange, which is why it has such a high trading value of $591.86.
The price of Binance Coin (BNB) is hovering between $520 and $635 as traders are uncertain about the direction of the market. Price analysis by Coinidol.com.
Sentiment towards BNB turns bearish despite the altcoin's attempts to breakout.
Blockchain firm CertiK reports that during Q1 2024, BNB Chain noted continuous development in its security measures “resulting in a 55.8% decrease in value lost compared to the same period last year.
Michael Saylor, founder of MicroStrategy (NASDAQ: MSTR) and a prominent Bitcoin (BTC) advocate, recently stated that the Securities and Exchange Commission (SEC) is likely to classify major cryptocurrencies like Ethereum (ETH) as securities, not commodities. He anticipates that this classification will result in the denial of all spot Ethereum ETF applications this summer.
The cryptocurrency market shifted from bearish to bullish as the week ended, following nonfarm payroll data reported on May 3. After days of continuous short-selling pressure, some cryptocurrencies display skyrocketing potential within the possibility of a short squeeze.
The MicroStrategy co-founder Michael Saylor, who is also a well-known figure in the crypto community, has incurred rage amidst the community members with his prophecies about the capacity of the regulators to control the major altcoins like Ethereum (ETH), XRP, BNB, Cardano (ADA), and Solana (SOL) at the recent Bitcoin for Corporations 2024 event.
Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level.
Dubai, UAE – In a dynamic reveal, BNB Chain, the pulsating heart of the blockchain community, unveils its stellar performance in the first quarter of 2024. As the world eagerly awaits the latest developments in the digital realm, the Q1 report serves as a testament to BNB Chain's relentless pursuit of innovation and excellence.
In the fast-paced realm of cryptocurrency, keeping a finger on the pulse of the most active and promising projects is paramount. Santiment, a renowned provider of cryptocurrency data and analytics, has recently revealed the top 10 projects on Binance Smart Chain (BSC) and Binance Chain, based on their development frequency.
A legal issue around CZ has ended. But in an ironic twist on fate, this could have been what BNB needed all along.
Bitcoin's drop to $56,500 crushed bullish traders' sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging?
The competition aims to encourage developers to create, launch and trade their meme coins on BNB Chain.
Binance Coin Price: BNB, the native cryptocurrency of the world's leading cryptocurrency exchange has witnessed a notable downswing amid the recent market sell-off. The Binance coin plunged from $618 to its current trading price of $550 recording a 10.9% weekly loss.
If market sentiment changes and BNB's price can rebound off the MAs, it will likely reclaim resistance at $632 and even rally past it.
Binance announces a promotion where users can subscribe to SOL or BNB Locked Products or stake ETH to earn a share of 7,777 ACE in airdrop rewards. The promotion period is from April 30, 2024, to May 13, 2024.
Bitcoin (BTC) is the biggest cryptocurrency in the world, but at times, even altcoins can surpass the performance of the king coin.
BNB outperformed BTC in terms of price performance over the last month.
Bitcoin and altcoins are falling toward strong support levels, which appear likely to hold in the short term.
Buyers could not seize the initiative at the beginning of the week, accoding to CoinMarketCap.
In the ever-evolving landscape of the cryptocurrency market, investors are grappling with uncertainty as they closely monitor the movements of major players like Bitcoin, Ethereum, and Binance Coin. Let's delve into the latest developments shaping the market and explore potential future scenarios for these digital assets.
