market sentiment

Cardano Trading Volumes Spike Amidst Divided Market Sentiment

Cardano Trading Volumes Spike Amidst Divided Market Sentiment

Cardano’s monstrous trading volumes come on the heels of a broader cryptocurrency market rally. Cardano’s price has already pumped more than 6% in the past day on these developments. This increase is indicative of recent gains for other altcoins, like Solana. Analysts in the market are not sure how long...

Ethereum's Stagnant Price Raises Concerns Amid Liquidity and Sentiment Issues

Ethereum's Stagnant Price Raises Concerns Amid Liquidity and Sentiment Issues

Ethereum is going through an important liquidity and sentiment headwind, which is why ETH is failing to break above the tight range at the moment. Investors and analysts alike have expressed concern at the current state of the market. At the same time, Ethereum is struggling to reclaim its breakout...

Bitcoin Eyes Record Weekly Close, Fueling Bullish Market Sentiment

Bitcoin Eyes Record Weekly Close, Fueling Bullish Market Sentiment

As of April 26, 2021, Bitcoin is about to make its new record weekly close. Perhaps this surge will help to spark a concurrent boom in the rest of the cryptocurrency market. The top digital asset reached a high of $106,693.69 and hit a 24-hour gain of 1.36%. Despite ongoing...

Ethereum Sees $75 Million in Liquidations Amidst Cautious Market Sentiment

Ethereum Sees $75 Million in Liquidations Amidst Cautious Market Sentiment

Ethereum (ETH) markets experienced a tsunami of futures liquidations in the past 24 hours, with a total of $75.11 million. This steep drop underscores just how jittery investors are today. Bitcoin fell 1% in early trading hours on Friday. In both the spot and derivative markets, things are sluggish. Ethereum’s...

Ethereum Whale Makes $11M Bullish Bet as Market Sentiment Turns Positive

Ethereum Whale Makes $11M Bullish Bet as Market Sentiment Turns Positive

An Ethereum whale recently opened a substantial $11.15 million leveraged long position, signaling strong confidence in the cryptocurrency's near-term performance. This decision comes in tandem with a noticeable shift on Ethereum’s options market. As the last 48 hours have unfolded, the mood has shifted to one of almost giddy optimism....