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...

AVAX has been trading in the red in the last 24 hours. The token benefited from last week’s volatility which saw most of the market make some gains. Over the past week, AVAX is up by 18.6%, but as the bearish momentum takes shape, these gains could likely be erased. Avalanche price forecast AVAX is losing its weekly uptrend momentum. The recent gains rallied the token from $16 to $19. However, this uptrend has weakened, and the token is falling again, with $15 being the likely outcome as the market adjusts after the interest rate hike expected to happen on Wednesday after this month’s FOMC meeting. Even though the price is correcting, investors anticipate that this token could rally higher in the long term, after which a rally to $20 could be on the way. AVAX trading volumes in the past 24 hours stand at over $457 million. Such gains will most likely be attributed to the growing adoption of the network by the best crypto apps. The Relative Strength Index...