The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were NEAR Protocol (NEAR), Algorand (ALGO) and PowerPool (CVP). NEAR Protocol gains 64% The top gainer NEAR Protocol is a decentralized proof-of-stake protocol focused on offering faster transaction speeds at a lower cost to help facilitate the adoption of blockchain technology. Data from Cointelegraph Markets Pro and TradingView …

Big banks have long stored currency, stock certificates and precious objects like gold and jewels on behalf of their clients. Now, thanks to a recent policy change by a federal banking regulator, they will be able to hold Bitcoin (BTC) and other alternative cryptocurrencies as well. In fact, banks have already begun not only accumulating cryptocurrencies but also trading them on crypto exchanges using three major keys to successful trading. Crypto trading trick #1: Crowd psychology We all know that when Elon Musk says jump, Dogecoin (DOGE) says, “How high?” There are key moments when the crowd has reliably reacted …

Solana (SOL) bulls have largely ignored its overvaluation risks as the blockchain asset goes after another milestone price level. The SOL/USD exchange rate almost reached $200 on Tuesday as investors continued to treat Solana as a long-term competitor to Ethereum, the world’s leading smart contracts platform. More bullish evidence came on Monday after Sam Bankman-Fried, CEO of crypto derivatives platform FTX, announced Solana’s integration into FTX’s upcoming nonfungible token (NFT) marketplace. On Monday, Bankman-Fried revealed that the new marketplace would enable NFT creators and owners to trade their digital arts cross-chain using Solana and Ethereum. The platform would also make …

Cointelegraph's Markets Pro data intelligence service, which offers institutional-grade research tools for crypto traders, has shared the latest weekly VORTECS™ Report with its community of subscribers. The full report, available only to subscribers, presents the past week's biggest-gaining tokens as identified by the platform's artificial intelligence tools and offers interpretations of the data that it provides to traders. Here are some of the highlights of the latest issue: Three out of four altcoins with triple-digit weekly gains flash high VORTECS™ Scores before their prices peak. Markets Pro subscribers take profit from FTM's and OGN's rallies thanks to the platform's data …

FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum. On Monday, the FTT/USD exchange rate surged 16.37% to $73.99 in a market-wide rally that saw other top coins post similar but dwarfed price rallies. Additionally, the pair’s intraday climb coincided with gains among top exchange tokens, with Binance Coin (BNB) rising 2.3% and Uniswap’s UNI recording 3.5% profits on a 24-hour adjusted timeframe. LedgerX acquisition The news of FTX’s Ledger acquisition served as the primary bullish backdrop …

Now that altcoin season is upon us again, multiple tokens are witnessing illustrious price hikes every day. In a sideways market, a key skill for a trader is the ability to anticipate when an asset will break out — and when everything is green, knowing when the rallies are coming to an end becomes equally essential. This week, CELO embarked on a flash rally that generated an almost vertical line on its price chart, but then it quickly faded without ushering in a strong second wave. Aside from keeping a steady eye on candlestick charts, was there a better way …

Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for the first time in history, following a 35% month-to-date rally. The huge upside move lifted the pair’s returns for the year above 7,500%, taking Solana’s market capitalization over $41 billion to make it the seventh-most valuable project in the cryptocurrency space. Solana’s run-up to record highs also brought overvaluation risks in focus, with a classic momentum indicator, the relative strength index (RSI), returning an overbought …

Ethereum’s native asset, Ether (ETH), has extended its rally on Wednesday to log multi-month highs against Bitcoin (BTC) and the United States dollar. The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a renewed upside sentiment in the second-largest cryptocurrency market after it consolidated sideways for more than three weeks. Ether’s price jump appeared despite a wobbling price behavior across the cryptocurrency market. For instance, Bitcoin prices remained stuck around $47,000 while eyeing a clear breakout move above their …

Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000. Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that wealthy investors consider the current Bitcoin price levels as attractive to place bullish bets. The sentiment appeared the same among small fish — Bitcoin investors who hold less than 1 BTC. Ecoinometrics reported that they have been accumulating Bitcoin since June and, during a period, …

Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, including pseudonymous chartist PostyXBT, noted that the Cardano token had entered a “price discovery mode.” Meanwhile, David Gokhshtein hinted that ADA/USD might continue its bull run until Sep. 12, the day Cardano is going to integrate a smart contracts feature to its blockchain via …

Cardano’s native token, ADA, ignored a serious price crash warning to rally to a new all-time high. The ADA/USD exchange rate reached $2.56 for the first time on Friday, following a 154.54% price boom that started on July 20. In doing so, the pair also ignored veteran trader Peter Brandt’s 60%–90% price crash warning, which was based on a classic bearish pattern called the head and shoulders. I remember being scoffed at unmercifully when I identified this top in $LTCUSD back in mid 2018 Hey Cardano trolls $ADAUSD , take aim... pic.twitter.com/3gytNHW4cR — Peter Brandt (@PeterLBrandt) July 30, 2021 But …

In financial markets, the uneven distribution of information comes hand in hand with the uneven distribution of economic power. The cryptocurrency market is no exception, and oftentimes, those with insider knowledge or access to industry-grade data intelligence tools can put their digital assets to work in ways the everyday retail investor can’t. Still, regular traders can profitably leverage publicly available, market-moving news if they are lucky enough to get to it before the rest of the pack. Research suggests that certain types of news announcements — such as those related to staking, listings and partnerships — have the greatest potential …