Analysis Today TheBitTimes.com

Bitcoin’s (BTC) attempt to recover and reclaim its all-time high above $73,000 is facing hurdles, with the asset currently trading below the $70,000 mark amid anticipation ahead of the halving event. Recent price movements have led to Bitcoin’s bearish price predictions, with a section of the market suggesting the outlook is part of the pre-halving retrace. For instance, cryptocurrency trading expert Alan Santana , in a TradingView post on March 23, warned investors to brace for a sell-off, noting that Bitcoin’s bearish bias remains strong. With Bitcoin struggling to breach the $65,000 resistance, Santana forecasted a continued downward trajectory for Bitcoin over the coming days or even weeks. This downward movement is anticipated to follow a pattern of bottom formation, accumulation, and reversal signals before any potential recovery. Picks for you What’s going on with the Indian Rupee vs. Dollar (USD/INR)? 3 hours ago 2 cryptocurrencies to avoid tra...

Cardano (ADA) has a strong and historical bullish signal in its weekly chart during a strong momentum for all cryptocurrencies. This could ignite a massive surge for one of the most popular layer-1 blockchains in the cryptocurrency market. Notably, Cardano confirmed a breakout of the 50-week exponential moving average (EMA) in the week starting on December 4, 2023. By then, ADA went from $0.4 to $0.6 per token, similar to the May 25, 2020 action. Previously, ADA broke from the 50-week EMA, moving from $0.05 to $0.07 in seven days. After that, the token traded above the indicator for a 5,580% uptrend to the $3 level in August 2021.  Picked for you Pepe returns from the dead rockets 180% in a week 3 hours ago Bybit integrates TradingView facilitating trades with new charting capabilities 3 hours ago Ripple to unlock 1 billion XRP on March 1; What’s next? 3 hours ago TRON network skyrockets to 100 million addresses, dwarfing Cardano and Avalanche 4 hour...

The XRPL saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared to the same period last year. Despite lingering concerns over the Ripple vs SEC lawsuit , XRP has demonstrated significant growth in multiple areas of its protocol during the second quarter (Q2) of this year, as revealed by a recent report from crypto analytics platform Messari. Based on data from Messari, XRP's circulating market cap has experienced a Year-to-Date (YTD) increase of 42.5%. This growth was driven by the asset's price surge in the first quarter. However, in the second quarter (Q2), the market cap declined by 10.7% Quarter on Quarter (QoQ), from $27.8 billion to $24.8 billion. Although the XRP network experienced a decline in transaction volume QoQ, there was a notable 12.7% QoQ increase in average daily non-fungible token (NFT) transactions, rising from 13,800 to 15,500. While XRP's XRPL has a strong presence in decentralized ...