Analysis Crypto by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage As a result of the Federal Reserve increasing interest rates, the price of Ethereum has decreased by more than 2% in the previous 24 hours, and it is currently trading at $1,547 as of November 3. The total value of the global cryptocurrency market cap dropped by less than one percent to $1.01 trillion the day before, putting prominent cryptocurrencies into negative territory. In contrast, stablecoins accounted for $92.9 billion, or 90% of the overall 24-hour volume of the crypto market, the whole crypto market volume climbed by 37% in the past 24 hours to $102 billion, and the total volume in DeFi was $4.34 billion which amounts to 4.25% of the total volume in the crypto market in the last 24 hours. It was generally anticipated that the Fed would spike the interest rates by 75 basis points, and the rest of that increase had already been built in, which limited the crypto market’s losses. The market wil...

Join Our Telegram channel to stay up to date on breaking news coverage Klaytn and Chiliz coin have been in an upward rally for the past few days. The rapid surge in the price of Klaytn from the oversold region within the last three days reveals the intention of the bulls to change the market’s environment to the upside. Similarly, with CHZ/USD, the demand zone at $0.1630 has already been hit. This indicates an impending bullish move. Amongst the potentially bullish coins, Tamadoge seems to be prominent and promising as it approaches a pool of buy orders inside an oversold region. An expansion from this oversold region might attract more bulls into the market. Klaytn (KLAY/USD) After a successful breakout below the previous support at $0.209220, KLAY/USD made a final bearish move into both an oversold region and the demand zone at $0.120200. The price is currently expected to make a short retracement into the daily fair value gap before expanding further upward. ...

Join Our Telegram channel to stay up to date on breaking news coverage Since the crypto market crash of 2022, the overall market capitalization of all cryptocurrencies has been steadily declining. Despite this, investors continue to focus on certain coins like those below in the hopes of generating big profits. Let’s take a look at the top 5 cryptocurrencies to invest in right now during the month of October, each of which might bring you significant profits by the end of the year. IMPT Just two weeks after its presale began the new eco-friendly cryptocurrency IMPT has already garnered over $6 million. The goal of the initiative is to make carbon credits, which businesses employ to negate their carbon emissions, more widely available for trading by people and small enterprises alike, so contributing to the resolution of the climate issue. More than ten thousand businesses, including major players like Microsoft and Amazon, have joined the initiative. With the use of...