Author: Umar Hashmi

The OBV and the CMF volume indicators gave traders a pause, but the bullish conviction could drive prices higher. Solana has breached an imbalance on the daily chart and could retest it as a support zone. The momentum and price action signaled bulls were in control of the market. Solana [SOL] saw a spike in the non-fungible token trading volume. A recent AMBCrypto report revealed that the Solana-based NFT volume increased 30% in the 24 hours that preceded press time, but that its month-to-month volume was still down 57% compared to April. Technical analysis of the token showed that a $200 target was…

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The coin’s recovery aligns with positive shifts in ETF contributions and renewed optimism. Is more on the way? Bitcoin price hit $71,000, leading the market to hit a fear and greed index of 76. The liquidation heatmap pinpointed $76.900 as the next target for BTC. Bitcoin’s [BTC] price hit $71,000 for the first time in almost 40 days, bringing optimism back to the market.  The price increase aligned with AMBCrypto’s recent analysis which explained how the bull run was not over. Beyond the metrics mentioned in that article, there were other reasons BTC recovered. First on the register were the ETFs. For those…

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Despite a recent uptrend, Bitcoin’s price consolidation is expected to continue, with a key breakout point at $71,500 looming. Bitcoin shows signs of continued consolidation, with a potential breakout if it closes above $71,500. Historical patterns and strong holder sentiment suggest a bullish future for BTC. Bitcoin [BTC] has experienced a significant uptrend over the past week, with a price surge of approximately 12.8%. The rise was spurred by factors such as the anticipation of a spot Ethereum [ETH] ETF and Donald Trump’s recent acceptance of Bitcoin for election donations. Despite this rise, the cryptocurrency has encountered a slight downturn in the last 24…

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Schiff suggests that ETH ETF approval could shift funds from Bitcoin. Is it likely? chiff’s remarks come amid Bitcoin’s brief move above $70k. Bitcoin spot ETFs attract significant institutional investment despite the concerns. As the world awaits the approval of an Ethereum [ETH] spot exchange-traded fund (ETF), prominent Bitcoin critic Peter Schiff has taken the opportunity to attack Bitcoin [BTC]. Schiff sees an upcoming bearish trend for BTC  In a 21st May post on X (formerly Twitter), Schiff suggested that Bitcoin could become bearish if the Ethereum spot ETF is approved. He said, “#Bitcoin gained renewed strength from rumors that an #Ethereum ETF will likely be approved. But…

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Ethereum co-founder Jeffrey Wilcke sells his ETH holdings amidst regulatory concerns. Ethereum’s price surged nearly 30%, coinciding with significant SEC regulatory updates. Co-founder Jeffrey Wilcke capitalized on the rally by depositing over $75 million worth of ETH into Kraken. The cryptocurrency market has been buzzing with Ethereum’s [ETH] recent price surge. The asset witnessed a nearly 30% increase in value over the past week, escalating from below $3,000 as of this time last week to as high as $3,810 yesterday. This uptick coincided with significant regulatory movements. Notably, the U.S. Securities and Exchange Commission (SEC) has so far revised its stance on…

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