A major rally in WAVES price this week that saw it nearly double risks faltering in the coming sessions due to a "death cross" technical pattern. WAVES price crashed 85% after 'death cross' in 2018 A death cross measure appears when an asset's long-term moving average closes above its short-term moving average. Notably, on the WAVES' weekly chart, its 50-week exponential moving average (50-week EMA; the red wave) jumped above its 20-week exponential moving average (20-week EMA; the green wave) in the week ending Feb. 21 — a bearish crossover. That is WAVES' first "death cross" occurrence on a weekly …

Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long. Europe stocks sink on Friday open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching lows of $40,800 on Bitstamp Friday after a major options expiry event. Overnight performance, initially showing a recovery, had been stymied by worries over a nuclear power plant fire in Ukraine. Stocks futures fell on the news, the severity of which was subsequently questioned. In Germany, the DAX index hit a one-year low on the daily open, with the S&P 500 yet to commence trading. "From …

The Dogecoin Foundation announced on Twitter on Wednesday that it had registered “Doge,” “Dogecoin” and its associated logos as trademarks in the European Union. The certificate displayed in the tweet was dated Jan. 13, 2022. Foundation executive board member Jens Wiechers said in the tweet thread, “The issue isn't (and has never been) use in memes, etc, but attempts by people completely unaffiliated with Dogecoin to register them, which only really makes sense if they want to then extort either the community or the Dogecoin project, devs, foundation, etc. directly.” Much success. It's a small victory that seems so very …

Choppy market conditions dominated the cryptocurrency landscape on March 3 as the global economy continues to face challenges on multiple fronts and uncertainty about the future weighs heavily on asset prices. Data from Cointelegraph Markets Pro and TradingView shows that the gains made by Ether (ETH) on March 2 were nullified in trading on Thursday as the price drifted from yesterday’s high of $3,044 to a daily low of $2,784, reflecting an overall decline of 8.5%. Here’s what several analysts in the crypto market are saying about what could be in store for Ether in the next few weeks. Ether …

Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing so, the Anchor Protocol also erased all the losses it had incurred during what some called "crypto winter" that started in Q4/2021 — against the prospects of the Federal Reserve's aggressive rate hikes. ANC is the governance token of the Anchor Protocol's decentralized money market …

Bitcoin (BTC) corrected from highs above $45,000 on March 3 as traders' optimism over continued upside remained in the driving seat. "Liquidity taken" at $43,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly dipping below $43,000 Thursday. The reset was expected, punctuating a multi-day uptrend which had seen the pair add $10,000 in a single week. "Short term correction happened on Bitcoin after taking the liquidity again," Cointelegraph contributor Michaël van de Poppe summarized in a Twitter update. "Looks to me like we're going to see another run to the highs, as the correction is not as swift …

In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class. The wealth management company said that it was restructuring its Future Innovation Company into a brand new Digital Company, which will begin operations in April. The main objective of the new company will be to increase clients' use of digital assets and provide related services. Nomura Group President and CEO said, Kentaro Okuda said: "The new Digital Company will lead deeper collaboration among internal and external …

The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from Glassnode suggested that traders who had purchased Bitcoin (BTC) near the November 2021 high liquidated their positions in the past two and half months. This supply was absorbed by high conviction investors, which resulted in a redistribution from weak hands to strong hands. The crypto market, due to its resilience, continues to attract erstwhile naysayers to its fold. The latest popular figure to have a change of heart is Ken Griffin, founder of American multinational hedge …

Bitcoin (BTC) hit daily lows then bounced strongly on March 2 as fresh comments by the United States Federal Reserve added to macro volatility. Powell: March rate hike expected "appropriate" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $43,350 on Bitstamp before the Wall Street open Wednesday. A recovery ensued as trading began, however, with the pair already back above $45,000 at the time of writing. The volatility followed the release of a new statement from Fed Chair Jerome Powell, who for the first time gave concrete notice of a key rate hike coming this month. "Our …

The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar. A $150 SOL ahead? Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment exhausts, leading to a sharp upside retracement and a breakout move afterward. SOL has been somewhat painting a similar pattern since Jan. 24, especially after extending its rebound …

2021 was a roller coaster of a year for THORChain (RUNE) that saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune and a few potentially bullish factors could include the protocol's recent integration with the Terra and Cosmos ecosystem, an upcoming mainnet launch and the attractive yields offered to liquidity providers. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $3.00 …

Development never stops in the blockchain sector and projects that continuously evolve are the ones that stay at the forefront and survive over the long-term. One project attempting to stay on top of the innovation wave is Waves, a multi-purpose blockchain protocol designed to support a variety of use cases, including decentralized applications and smart contracts. Data from Cointelegraph Markets Pro and TradingView shows that the price of WAVES has rallied 120% since forming a double bottom at $8.28 on Feb. 22. Three reasons for the price growth for WAVES include the recent announcement that the protocol will migrate to …