Institutional demand for Bitcoin evaporates as BTC struggles below $31K A lack of institutional demand and several bearish factors are complicating all efforts to pull Bitcoin price back above the $31,000 level. The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted…
Confirmation of this incoming price move for Polkadot Polkadot’s bullish resurgence at $11.7 support fueled optimism in the market and lent support to an extended rise over the coming days. Price move for Polkadot, A rise above 22nd June’s swing low of $13 would provide confirmation of a favourable outcome and once it occurs,…
Bitcoin bounces off $31K after Bank of America reportedly greenlights BTC futures trading Bitcoin (BTC) bounces off $31,000 support during Friday as fresh data reinforced the importance of current price levels. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing but, so far, not breaking through $31,000 on Friday. Bitcoin bounces off $31k…
BTC New Bullish Setup Targets $36,000 Bitcoin price begins recovery at the drawing board as bulls plan another assault eyeing $36,000. A break above $32,000 may trigger massive buy orders in the near term, boosting the bullish effort. Bitcoin price has been underwater for most of this week. However, as the Asian session nears the…
Data shows Polygon (MATIC) has reversed PancakeSwap’s (CAKE) rise Data from market data analysis tool Messari shows that Uniswap is winning the decentralized exchanges (DEXes) battle against PancakeSwap. Earlier this year, PancakeSwap briefly became the number one DEX by volume. But thanks to Polygon and its lower gas fee structure compared to layer 1 Ethereum,…
PancakeSwap Continues to Dial-In Deflationary Mechanisms, Burning 80M USD in CAKE PancakeSwap announced that they have burned over $80 million USD worth of CAKE in last week’s token burn. The news was announced through a PancakeSwap Twitter post on July 12th and has the PancakeSwap community ecstatic. The transaction hash shows PancakeSwap has burned 5,368,165…
