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Cryptocurrency markets are witnessing substantial gains as investors positively react to the latest economic data, notably the U.S. Consumer Price Index and Producer Price Index. Bitcoin, alongside various altcoins, has experienced a noticeable increase in prices, indicating a renewed sense of confidence among market participants. As we approach the weekend, let’s delve deeper into some of the top cryptocurrencies to watch with notable activity in the market. Bitcoin, the original cryptocurrency, has swiftly bounced back from its weekly low, surging by $3,000 within a few hours, challenging the $38,000 resistance level once again. Altcoins, including Ethereum and Binance Coin, have also turned bullish in response to the overall positive market sentiment. Ethereum has successfully reclaimed the $2,000 mark, displaying a robust recovery, while Binance Coin has surpassed the $250 threshold. These developments suggest that alternative top crypto currencies are gaining traction and ...

No matter how new you are to cryptocurrency, you must be familiar with Ethereum (ETH) and Bitcoin (BTC). These two leading cryptocurrencies are so popular since their market share accounts for 60% of the market. However, over time more tokens have been flooding the market. This has set investors on the loose as they look for the next big thing. Therefore, in this article, we shall be looking at a new token in its presale stage called FIREPIN Token (FRPN) , to see if it has what it takes to level up with crypto giants Solana (SOL) and Polygon (MATIC). Solana (SOL) Solana (SOL) was released in 2017, earning the moniker "Ethereum killer" due to its lightning-fast performance. Solana (SOL) can compete with Ethereum (ETH) due to its incredible transaction speed and reduced gas prices. The network is working hard to incorporate Solana Pay, which will allow platform users to make payments. Solana (SOL) is currently approaching Ethereum (ETH) stature in the NFT world. ...

Crypto.com, one of the most popular crypto exchanges in the world, has launched its on-chain staking initiative. According to an official announcement, only Ethereum (ETH), Solana (SOL), and Polkadot (DOT) staking will be available upon launch. However, more protocols will be added in the future. The announcement also noted that the staking feature will only be available in “select markets.” Unfortunately, the official release does not state which markets the new staking initiative will be available in. The feature is not available to citizens or residents of the U.S. and its territories, Australia, Canada, Hong Kong SAR, South Korea, Singapore, Thailand, and Malta. Also Read: Rise in Ethereum Staking Still Carries Major ‘Lido’ Risk The minimum staking amount for all three protocols is currently set at 1.00E-08. Moreover, there is no minimum staking period for all three projects. However, the frequency of rewards is different for each asset. Ethereum (ETH) sta...

Bullish crypto traders are struggling to clear the overhead barrier in Bitcoin and select altcoins, indicating that bears have not given up yet. Bitcoin continues to trade near $31,000, making it an important resistance level to watch out for in the short term. Some analysts believe the current consolidation could result in an upside breakout in Bitcoin. The institutional investors also seem to be positive about the prospects of a further rally in Bitcoin (BTC). CoinShares head of research James Butterfill said in a recent report that 98% of all the digital asset inflows of $334 million went into Bitcoin-related products. Daily cryptocurrency market performance. Source: Coin360 Although the short-term price action on Bitcoin and select altcoins looks positive, market participants should stay cautious due to the uncertainty regarding macroeconomic issues. The crypto markets are likely to be influenced by the United States inflation figures and the Federal Reserve’s monetary action over...

Today's CPI report highlighted a slight decline in inflation, a development which could put a strong price floor beneath Bitcoin and select altcoins. The March consumer price index climbed marginally by 0.1%, below economists' expectation of a 0.2% increase and February’s advance of 0.4%. Although inflation is showing signs of slowing, the year-on-year CPI increased by 5%, well above the Federal Reserve’s 2% target.  The FedWatch Tool shows a 67% probability of a 25 basis point rate hike in the Fed’s May meeting but by the end of the year, the majority of the market participants have come to expect rates to be lower than the current level. Daily cryptocurrency market performance. Source: Coin360 An expansive monetary policy is usually positive for risky assets. In addition, crypto traders will focus on Bitcoin’s (BTC) halving which is set to occur next year. That is also likely to be a positive for cryptocurrency prices. While the near-term picture is uncertain, the long-term...

Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market. Bitcoin (BTC) is up about 71% in Q1 2023, which is the first positive quarter after four consecutive quarters of negative returns in 2023, according to data from Coinglass. This shows that the sentiment has turned positive and the bulls are trying to put a bottom in Bitcoin. When the undercurrent is bullish, negative news results in shallow corrections. That is what happened after the United States Commodity Futures Trading Commission slapped a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. This news pulled the markets marginally lower but did not start a strong down move. Daily cryptocurrency market performance. Source: Coin360 Another thing that happens in a bullish environment is that cryptocurrencies move up without any specific catalyst. That happened on March 29 when Bitcoin and several major altcoin...

Just like most cryptocurrencies from the market, Solana had a fruitful January. In just the first three weeks of this year, the asset’s price inclined by more than 170%. However, right after, SOL applied brakes. Over the past few weeks, Solana has been con SOL idating in the range between $18.6 to $26.6. Several attempts in mid-February were made by the Altcoin to break above the roof the said range, but every time, it was shot down. Post its last futile attempt towards the end of last month, SOL embarked on its downtrend. Since then, the asset has lost ~22% of its value. At press time on Monday, SOL was trading at $20.7, below all its crucial exponential moving averages on the daily chart. SOL/USDT by TradingView Also Read: Here’s How Ethereum Cardano, Solana & MATIC Are Facing the Crypto Crash What is curtailing Solana’s price? With the RSI consistently dropping over the past fortnight, it can be contended that buyers are currently steering away from the...