Bitcoin Makes Two Back-to-Back Weekly Closes Above 200-Week MA

Bitcoin has closed above the 200-week moving average (WMA) for two consecutive weeks, according to market analyst Ali Martinez.

Metaverse housing bubble bursting? Virtual land prices crash 85% amid waning interest

The virtual real estate market is crashing despite a McKinsey report predicting a $5 trillion market by 2030. The metaverse sector is witnessing its very-own housing crisis moment thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market.Land sales plunge 85% in 2022In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations and other key metrics, data from WeMeta shows.For instance, the average price of lands sold across Decentraland peaked at $37,238 in February 2022.

ETH Facing Huge Resistance, Is Major Correction Inbound Before $2K? (Ethereum Price Analysis)

After several attempts, the bulls finally pushed the price above the 100-day moving average line.

Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million. Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital.Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, the firm announced on Friday.With the average BTC price of $22,670, the sales totaled $20.1 million, accounting for a significant part of the maximum outstanding loan balance of $50 million in Q2 2022.

July 2022 – Monthly Research Key Data – Average ETH Gas Price Decreased by 51%

Key data Average number of Ethereum (ETH) transactions per day increased by 15.7% in July.

Bitcoin Miner Riot Earned $9.5M for Shutting Down During Texas Heatwave

Based on Bitcoin’s average price in July, Riot received the equivalent of 439 Bitcoin for helping the state with its energy crisis.

Bitcoin traders pinpoint key levels to watch as BTC price tests key trendlines

The 200-week moving average is just one of a series of lines in the sand for Bitcoiners to keep their eye on this week. Bitcoin (BTC) is pressuring newly-won support levels this week as geopolitical uncertainty raises the stakes for risk assets.After an impressive monthly close, momentum appears to be waning for Bitcoin's latest gains, data from Cointelegraph Markets Pro and TradingView shows, and stock markets are not helping the bulls.Volatility was cool as August began, but angst over a potential showdown between the United States and China over House Speaker Nancy Pelosi's visit to Taiwan is already showing in Asian trading on Aug.

Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

Cardano (ADA) is all flushed today as it plunged by 6% compared to yesterday’s high of $0.53.  While it remains to hover above the 50-day moving average, ADA may drop further down by $0.45 in the next 24 hours as the bears take control of the market.

Cardano (ADA) Showing ‘Surge Signs’ As Vital Metric Flashes Green: Analytics Firm Santiment

Crypto analytics firm Santiment says that the average funding rate of Cardano (ADA) is flashing a bullish signal.

Bitcoin Corrects Towards $22K But How Low Can it Go? (Bitcoin Price Analysis)

The $19K demand zone has served as a significant support level for Bitcoin’s price over the past few weeks resulting in a short-term rally towards the 50-day moving average at around $22K.

Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA

BTC price slides back below its 200-week moving average as analysts stress the importance of staying above $22,800 for bullish momentum to continue.

Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

On-chain data shows the Bitcoin NUPL metric is back to a positive value, suggesting the market as a whole is back in profit.

Bitcoin bulls miss key resistance flip as BTC price sheds 8%

The 200-week moving average fails to hold as a rising dollar adds familiar pressure to Bitcoin and altcoin performance. Bitcoin (BTC) extended losses on the July 21 Wall Street open after a key resistance level failed to hold as new support.BTC/USD 1-hour candle chart (Bitstamp).

BTC price battles 200-week moving average after $930M Tesla Bitcoin sale

A key trendline which the Bitcoin price passed for the first time in over a month is currently seeing its first retest as support. Bitcoin (BTC) staged its first test of critical support on July 21 as news that Tesla had liquidated most of its Bitcoin holdings subsided. BTC/USD 1-hour candle chart (Bitstamp).

Bitcoin price moves toward $24K and traders expect further upside, after a support retest

BTC price is racing toward $24,000, but analysts warn that a lower support retest is needed to confirm the strength of the current breakout. Crypto fans are rejoicing at the sight of green across the market on July 19 as the months of “down only” price action have finally come to an end after the market flashed its first substantial relief rally in at least a month. Data from Cointelegraph Markets Pro and TradingView shows that much of the newfound excitement is the result of Bitcoin (BTC) breaking above resistance at $23,000 to hit a daily high of $23,447, its first meaningful move above the 200-week moving average.

Bitcoin Faces Major Resistance at 200-Week Moving Average

Bitcoin’s consolidation in the lower $20K level continues as the leading cryptocurrency has lacked significant momentum to breach this zone.

Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

The 200-week moving average keeps bulls in check, and traders are keeping quiet on the chances of a breakthrough so early. Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go.BTC/USD 1-hour candle chart (Bitstamp).

Ethereum traders gauge fakeout risks after 40% ETH price rally

Ether price could drop by 45% because its ascending triangle breakout looks unconvincing so far. Ethereum's native token Ether (ETH) saw a modest pullback on July 17 after ramming into a critical technical resistance confluence.Merge-led Ethereum price breakoutETH's price dropped by 1.8% to $1,328 after struggling to move above two strong resistance levels: the 50-day exponential moving average (5-day EMA; the red wave) and a descending trendline (black) serving as a price ceiling since May.ETH/USD daily price chart.

Bitcoin ready to attack key trendline, says data as BTC price holds $20K

The 200-week moving average could see another test from the bulls next, according to signals from exchange order book composition. Bitcoin (BTC) consolidated higher on July 16 after the Wall Street trading week finished with modest gains for United States equities.BTC/USD 1-hour candle chart (Bitstamp).

Bitcoin is now in its longest-ever 'extreme fear' period

Seventy days of straight "extreme fear" shows no end in sight as Bitcoin price action stays wedged around $20,000. Bitcoin (BTC) may have avoided fresh losses since falling to $17,600 last month, but the sentiment is on the floor.Now, one classic crypto market mood gauge is showing just how long and hard the average investor has suffered.70 days of "extreme fear"While crypto market sentiment was already "comparable to funeral" before the start of 2022, the subsequent price drawdown in Bitcoin and altcoins produced cold feet like never before.This has now been quantified by the Crypto Fear & Greed Index, a tool that takes multiple sources into account to create an overall score of how the markets are feeling. As of July 15, Fear & Greed has spent 70 days in its lowest bracket — "extreme fear" — marking of a new bearish record.The Index consists of five such brackets, with the others being "fear," "neutral," "greed" and "extreme greed."A score below 25/100 on its normalized scare corresponds to "extreme greed," and it is that score zone that has characterized the past two months. The las