NFT News by Thebittimes.Com

On November 5, the Bitcoin  price exhibited a sharp bullish trend, following the bullish breakout of descending triangle pattern. So far, BTC is up more than 5% to $21,375, and the technical outlook is signaling more upside potential.  Similarly, Ethereum is following in the footsteps of Bitcoin, rising more than 6% in the last 24 hours to trade at $1,645 as a lower unemployment rate may signal a slower rate hike.  The global cryptocurrency market cap remains above $1 trillion, sending major cryptocurrencies into positive territory early on November 5. However, the total crypto market volume has remained positive in the last 24 hours, reaching $102 billion. The United States added 261,000 jobs in October, which was significantly better than predicted, given the continuing slowdown in the job-creation rate.  While this was happening, average hourly earnings were also trending upward, a sign of sustained inflationary pressu...

Join Our Telegram channel to stay up to date on breaking news coverage On the 14th of August, at the resistance price level of $0.500, Loopring began to trend downwards. At first, the downtrend was strong and continuous, but later we begin to see bulls struggling with bears for the price, especially at the major support price levels in the downtrend. When the price gets to $0.2433 support, the bulls became strong enough to fight the bearish move. Loopring Market Price Statistic: LRC/USD price now: $0.314  LRC/USD market cap: $$531,665,435.85  LRC/USD circulating supply: 1,330,133,546  LRC/USD total supply: 1,374,513,896  LRC/USD coin market ranking: #80 Key Levels Resistance: $0.3500, $0.4000, $0.4500 Support: $0.2500, $0.2000, $0.1500 Loopring Market Price Analysis: The Indicators’ Point of View Loopring secured another support which is higher than the $0.2433 support. The new support was formed in yesterday’s market at $0.254. Th...

The price of meme coins, including Shiba Inu and Dogecoin, has been soaring over the last seven days. Analysts even claim that the bearish stance toward DOGE has ended. DOGE has spiked over 107% in the last seven days. SHIB was also putting on a decent show, with 26% gains during the same period. Alongside the price, the SHIB burn numbers have also been on the higher side. Over the last 24 hours, the SHIB burn rate has reached 1720%, according to the data was put out by CryptEye. The burn numbers are doing fairly well as compared to the first two weeks of October. However, at the time of writing, the burn numbers have fallen to three digits. Shiba Inu burn rate falls as the rally cools down As of now, Shiba Inu burn numbers have cooled down, as the rally seems to have settled. As per the data from Shibburn, the burn rate currently stands at 123.54%. 32,584,180 SHIB have been burned during this period. It should be noted that 32,584,180 SHIB has been sent to a dea...

Join Our Telegram channel to stay up to date on breaking news coverage The bullish stance has been quite outstanding for some coins, especially Klaytn, Cosmos, and Tamadoge. Without controversy, the bulls appear to be quite interested specifically in these three coins. Klaytn has been in an uptrend for the past few days, without giving the bears any opportunity to bag profit. Recently, we found Cosmos changing its market’s order flow as the simple moving average (SMA) indicator flipped bullish. Tamadoge remains a promising coin as a new trend has just unfolded to the upside. The current uptrend unfolded due to the algorithmic structure of the market as TAMA/USD entered into a pool of buy orders sitting at the previous low. Klaytn (KLAY/USD) Until the recent breakout, a descending channel was used by the bears to algorithmically purge prices into the $0.12020 demand zone. This descending channel emerged due to prices&rsquo ; reactions after the market entered into t...

During the Asian session, the Bitcoin price is on a bullish streak, rising more than 4% to $20,260. In contrast, Ethereum is on a tear, rising more than 10% in the last 24 hours to trade at $1,485. Major cryptocurrencies were trading in the green early on October 26 as the global crypto market value gained nearly 5% in the previous day to $976 billion. The overall crypto market volume, on the other hand, increased over 69% in the last 24 hours to $89.24 billion.  DeFi's total volume is currently $3.66 billion, accounting for 4% of the overall crypto market 24-hour volume. The overall volume of all stablecoins is now $80.85 billion, accounting for 90% of the total 24-hour volume of the crypto market . Let's take a look at the top winners and losers so far today. Top Altcoin Gainers and Losers The top performers in the Asian session were Toncoin (TON), Lido DAO (DAO), and Ethereum Classic (ETC). Toncoin price is up more than 21% to $1.80, while DAO is up nea...

On October 24, the Bitcoin  price showed a bearish correction after getting rejected at the $19,700 resistance mark. In contrast, Ethereum is rising, gaining over 2% to $1,347 during the early Asian session. Major cryptocurrencies were trading bullish early on October 24, with a global crypto market cap of $931 billion on the previous day with a trading volume of $479 billion.  Let's take a look at the top winners and losers so far today. Top Altcoin Gainers and Losers The top performers in the Asian session were Klaytn (KLAY), Polygon (MATIC), and TerraClassicUSD (USTC). Klaytn (KLAY) is up more than 25% to $0.18, while MATIC is up more than 6% to $0.88. At the same time, USTC has surged more than 6% in the last 24 hours. Top Altcoin Gainers and Losers - Source: Coin360  In the last 24 hours, the price of The Chain (XCN) has dropped by more than 3% to $0.05. The price of Axie Infinity (AXS) has dropped more than 2% to around ...

Solana market started trending down on the 6th of October and it continued for some period. Buyers tried to salvage the market with strong bullish momentum on the 16th and the 17th of October, but they soon lose their grip on the market. Sellers resume the down-trend with a very strong move that went on for 3 consecutive days between the 18th to the 20th of October. Later in the day on the 21st of October, buyers became strong enough to regain the market.    Solana X Market Price Statistic: SOL/USD price now: $28.1300 SOL / USD market cap: $511,616,946 SOL/USD circulating supply:358,373,708.82 SOL/USD total supply: 511,616,946 SOL/USD coin market ranking: #9 Key Levels Resistance: $28.500, $29.000, $29.500  Support: $27.500, $27.00, $26.500 Solana Market Price Analysis: The Indicators’ Point of View Although the Bulls were able to take the market on the 21st of October, they could not break away from the flat market which went on for three days at the...

Join Our Telegram channel to stay up to date on breaking news coverage SHIB/USD price movement failed to find support at the 78.60 Fibonacci level. Following this price movement has attempted to retrace above this Fibonacci level but has failed. At this point, price action has commenced another attempt to break the resistance to the upside. SHIB Forecast Statistics Data: Shiba Inu’s current price: is $0.00001005 SHIB market cap: $332.85 million Shiba Inu circulating supply:  173.34 billion SHIB total supply: 177 billion Shiba Inu Coinmarketcap ranking: #98 Important Price Levels: Top Level: $0.00001005, $0.00001050, $0.00001100 Base Levels: $0.00001000, $0.00000990, $0.00000950 Shiba Inu Price Prediction Today, October 23, 2022: SHIB/USD May Bounce Upwards On the SHIB/USD 24-hour chart, price action is retracing off the lower limit of the Bollinger indicator. Lately, three consecutive price candles have formed on this chart. Furthermore, should bulls conti...