The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels.
CoinMarketCap News
Since its launch in 2013, CoinMarketCap has become one of the most powerful websites in the cryptocurrency space, being one of the most visited sites in the industry and a premier source of cryptocurrency market data.
The influence of the site became apparent when founder Brandon Chez, who has remained remarkably low-profile despite an attempted doxing by The Wall Street Journal, delisted South Korean exchanges from CoinMarketCap without warning in January 2018, triggering a temporary $100 billion drop in the total cryptocurrency market value.
CoinMarketCap has since focused on bringing more transparency and accountability to market data aggregation from exchanges and cryptocurrency networks through its Data Accountability and Transparency Alliance.
In April 2020, it was reported that leading cryptocurrency exchange Binance acquired CoinMarketCap in a $400 million deal.
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SHIB is notably mirroring its mentor Dogecoin's price moves from the Feb.–April 2021 session, raising possibilities of dump ahead.
54835Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
7971LINA, SCRT and PRE each rallied by 20% and Bitcoin’s attempt to flip $50,000 to support could extend the current rally seen across the altcoin market.
12830Presearch is a default search engine on all new and factory-reset Android devices sold in the U.K. and Europe.
5098The gaming token, which reached $150 in the early UTC hours of Monday, risks correcting below $90 as a key technical indicator identifies its overbought conditions.
13920The eerie deja vu scenario can see Ether hit $13,000 within six months if history repeats.
96989The flagship cryptocurrency has closed October in profit seven out of nine times since 2013, raising hopes that it will be able to log a fractal bull run in the next 31 days.
33114The flagship cryptocurrency closed the previous week below its 21-week exponential moving average for the 19th time in history, triggering additional selloff risks.
9184The bearish setup positions Ethereum price to extend the decline toward $2,000.
34286The pattern's neckline support near $1,984 emerges as Ether's downside target.
38088Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005.
37972The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study.
39206The bullish setup emerges as traders raise their upside bets on smart contract protocols that rival Ethereum.
14316Crypto traders flocked to the safety of stablecoins during Tuesday’s market crash.
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