#76b

Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K

Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model rings true. According to data from CoinMarketCap, the total cryptocurrency market capitalization fell by nearly $230 billion between…

7.6B more ADAs were transferred to Binance with its price shedding 30%

In the last month, 7.6 billion more ADAs were transferred to Binance than withdrawn according to data from Flipside Crypto. Meanwhile, the price of ADA dropped from $0.141 on August 14 to $0.097 by September 14 — a 31% decrease.

ADA price and market capitalization. Source: CoinMarketCap.

Before the asset’s recent backtrace in price, Cardano’s native currency was on a bull run, culminating with…

It’s been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week’s analysis, all the way to $7,300.

However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading digital asset got some steam left in it ahead of the halving event that is now about three weeks away?

Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. 

According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month.

Cryptocurrency market daily view. Source: Coin360

The March 13 market crash that…