Orange Juice Futures Hit All Time High Numbers Amidst Agricultural Commodity Rally

August 26, 2024 Bitcoin.com

The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading Places” film, is expected to keep rising due to climate factors and Brazil’s worst orange harvest […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Ethereum Technical Analysis: ETH Faces Critical Resistance at $2,800 Amid Market Indecision

August 26, 2024 Bitcoin.com

Ethereum Technical Analysis: ETH Faces Critical Resistance at ,800 Amid Market Indecision

bearish outlook

On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory. Ethereum Ethereum’s daily chart shows a strong downtrend […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Bitcoin Technical Analysis: Key Resistance Levels Test Bullish Momentum

August 26, 2024 Bitcoin.com

bearish signals

On Aug. 26, 2024, bitcoin is navigating a crucial juncture, with prices hovering around $63,908. Despite a recent recovery attempt, the cryptocurrency faces significant resistance between $64,000 and $65,000. Bitcoin Bitcoin’s 1-hour chart reveals a recent peak at $65,103, followed by a sharp drop to $63,128 before stabilizing just above $63,500. This stabilization is critical, […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

NFT Sales Soar 24% as Ethereum Takes the Lead This Week

August 24, 2024 Bitcoin.com

Bitcoin NFTs

Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms With Ethereum at the Helm Reaching $99M in […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market

August 23, 2024 Bitcoin.com

Bitcoin

Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Financial Analysts Estimate Gold Might Reach $3,000 Propped up by Rate Cuts

August 19, 2024 Bitcoin.com

Financial Analysts Estimate Gold Might Reach ,000 Propped up by Rate Cuts

bitcoin.com

Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Ethereum Technical Analysis: Indicators Signal Caution for Ether as Bears Maintain Control

August 19, 2024 Bitcoin.com

bearish trend

Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Bitcoin Technical Analysis: BTC Faces Continued Downward Pressure

August 19, 2024 Bitcoin.com

bearish trend

As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buying […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Analyst Predicts Silver Prices Could Reach $200 Driven by Demand for New EV Battery Technology

August 15, 2024 Bitcoin.com

Analyst Predicts Silver Prices Could Reach 0 Driven by Demand for New EV Battery Technology

bitcoin.com

Kevin Bambrough, a financial expert with over a decade of experience in commodities markets, has predicted that silver could reach $200 per ounce in the next 10 to 15 years, riding the wave of increased demand for a new EV battery technology developed by Samsung. According to Bambrough, the new batteries may require 1 kg […]

Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound

August 14, 2024 Bitcoin.com

Bitcoin

Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex […]

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