The upside move in the Shiba Inu instruments also comes in the wake of broader price rebound across leading crypto assets, including Bitcoin.
The number of users plays a critical role for a token to get listed on Binance, Changpeng Zhao said in an interview.
A “bullish engulfing” enters on multi-day charts as BTC price action manages to preserve some of Monday’s gains.
Metaverse tokens are starting to cool off while DeFi platforms register steady inflows that pushed the sector’s TVL to a new all-time high.
Bitcoin price is still pinned below $60,000, but the recovery in ETH and altcoins suggests that the current correction could be coming to an end.
Bitcoin and most major altcoins rebounded off their strong support levels, but the real challenge for the bulls is to sustain the momentum and clear the $60,000 resistance level.
NFT is the word of the year according to Collins Dictionary, even though it is an abbreviation.
Binance users were not able to withdraw Dogecoin due to a “combination of unlikely factors,” the exchange said.
Bitcoin looks ready to rebound off a critical support level and if this happens select altcoins like BNB, LUNA, MANA and SAND may also attract buyers.
Bitcoin remains attractive for seasoned hodlers, as $50,000 now becomes the point at which confidence could turn to anxiety.
The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion.
Over 2,000 data points consistently demonstrate a singular truth: Crypto asset prices tend to increase when this quant algorithm identifies bullish conditions.