fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

fusd-stablecoin-launch-and-rumors-of-cronje’s-return-send-fantom-(ftm)-price-higher

FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje. After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to find mass adoption due to … Read more

20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow

20%-drop-in-the-s&p-500-puts-stocks-in-a-bear-market,-bitcoin-and-altcoins-follow

Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows. Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three weeks has … Read more

Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets

bearish-head-and-shoulders-pattern-forces-ethereum-traders-to-re-adjust-their-price-targets

Traders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first. Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are … Read more

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

contrarian-bitcoin-investors-identify-buy-zones-even-as-extreme-fear-grips-the-market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing … Read more

Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan

socios-fan-tokens-rally-40%+-after-chiliz-rolls-out-mainnet-upgrade-and-token-burn-plan

A new exchange listing, mainnet launch and competitive token burn mechanism led to a sharp rally in Socios fan tokens. In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while … Read more

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

bitcoin-is-discounted-near-its-‘realized’-price,-but-analysts-say-there’s-room-for-deep-downside

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery. There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin’s chart indicates that while the fallout was widespread and quite … Read more

Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

bitcoin-price-could-bounce-to-$35k,-but-analysts-say-don’t-expect-a-‘v-shaped-recovery’

Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries. Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk … Read more