Shiba Inu (SHIB) has demonstrated a startling 485% domination on the buying side, as evidenced by the Bid-Ask Volume Imbalance. This indicator quantifies the difference in volume between buy orders (bids) and sell orders (asks) in the order book, and a 485% imbalance indicates that purchasing pressure greatly dominates selling pressure. But what does this…
One of Telegram’s key features is the ability to develop bots. Bots allow users to automate numerous DeFi operations by communicating with the messaging API, such as trading, managing wallets, searching for tokens, farming, and much more. When a command is received, the Telegram bot generates a main menu with options for creating a new…
Despite plummeting record-high interest rates in the United States, Europe, and the United Kingdom, Bitcoin remained reasonably stable in September, gaining 4.7%. At this rate, the coin had one of its best years since 2012 and 2016, when it gained 23.5% and 5.7%, respectively. Despite Attractive Interest Rates, Bitcoin Grew In September Trading at around…
Altcoins have been falling for the past two days, with BTC currently finding buyers at $27,500. The total value of cryptocurrencies has plummeted below $1.1 trillion, while volume has dropped to $35 billion. The drop in volume, together with the drop in price, lends credence to the hypothesis that the current recovery is a bull…
Bitcoin’s price has risen to begin the new month. In the past, October has seen double-digit price gains in cryptocurrencies. The crypto market is currently expecting an upward trend, but because BTC has not yet closed at higher levels, every drop shocks altcoins. On the other hand, the increase in volume and pricing is a…
The crypto community is keeping a careful eye on the prospect of a downturn as we near the end of 2023, notwithstanding the current upswing. There is still anxiety in the market because of the discrepancy between the long-term negative trend and the hope of a rally that we saw today. Fear, uncertainty, and doubt…
The cryptocurrency market has had a positive week, with strong gains recorded across a variety of digital assets. Top performances included Bitcoin Cash (BCH), Chainlink (LINK), Maker (MKR), and THORChain (RUNE), all of which had double-digit rises in market capitalization. This spike in momentum is accompanied by accumulation indicators from big Bitcoin (BTC) and Tether…
Bitcoin’s price has risen above $27,000 as a result of the impending US government shutdown on October 1. Some market analysts say that if the US government shutdown occurs, the Bitcoin price will rise to $30,000 or higher. However, famous cryptocurrency analyst Rekt Capital stated that the next 140 days leading up to Bitcoin’s halving…
Despite the fact that Bitcoin’s price has fallen below $30,000, some significant corporations have continued to accumulate the cryptocurrency. These firms remain optimistic about Bitcoin’s long-term prospects, viewing its current low trading price as a buying opportunity. In this post, we explore three corporations who bought more BTC in 2023 before debating whether they should…