Bitcoin (BTC) quickly returned to $48,000 during Sept. 15 as BTC/USD continued on the path to a $50,000 retest. Bitcoin takes aim at $50,000 Data from Cointelegraph Markets Pro and TradingView tracked the largest cryptocurrency as it beat out thin resistance above $47,000 to zone in on psychologically significant higher levels. Passing $47,000 was a substantial gain for bulls, with resistance then shifting up towards the $50,000 mark, an area which should come next, analysts say. "Right now, we are looking at a potential breakout above the range high," Cointelegraph contributor Michaël van de Poppe said in his latest YouTube …

Uniswap (UNI) was among the best performers among the top cryptocurrency tokens by market capitalization in the previous 24 hours, logging better gains than other top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB). On Wednesday, the UNI/USD exchange rate jumped 13.26% to hit a seven-day high of $25.68. Traders continued to bid higher on the pair entering Wednesday, pushing its value higher to $26.07 at one point, up more than 15% from the previous session’s open of $22.66. Market-wide recovery behind UNI gains? The majority of UNI’s gains in the previous 24 hours seems to have surfaced …

Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Tuesday at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a 45-minute period. Six hours after announcing the incident, Solana Status explained that a large increase in transaction load to 400,000 per second had overwhelmed the network, created a denial-of-service, and caused the network to start forking. 1/ Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction …

Decentralized finance-focused protocols are seeing a sustained upward move, and the momentum appears to be picking up pace now that the NFT sector has cooled off over the past two weeks. Since the beginning of August, Elrond (EGLD) — a scalable and secure blockchain platform designed for distributed apps and enterprise-level businesses — has been in a strong rally. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $52.00 on June 22, the price of EGLD has charged 437% higher to a new all-time high of $302.14 on Sept. 14. Three reasons for EGLD's surge …

The recent 256% recovery by Polkadot (DOT) over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin's $39 billion market capitalization has outperformed Ether (ETH) by 66% over the past thirty days. Polkadot is a blockchain network designed to support various interconnected, application-specific parallel chains — known as parachains. This scalability-focused project breaks transactions up into many shards and processes them in parallel, similar to what ETH 2.0 aims to achieve. Polkadot refers to the entire ecosystem of parachains that plug into a …

According to derivatives markets, Ether (ETH) traders are still confident that there is the chance formore upside even though the 23% correction on Sept. 7 took a hit on prices. Ethereum network congestion also peaked on Sept. 7 when the average transaction fee reached $60, and since then it has remained above $17. As a result of the lingering challenges experienced by the network, investors have shifted into Ethereum competitors with bridge and layer-two capabilities. For example, Polkadot’s DOT rose by 29% over the past week and Algorand’s ALGO spiked 67%. Undoubtedly, there’s a quest for interoperability and layer-two scaling …

Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Rari Governance Token (RGT), Curve (CRV) and Synthetix Network (SNX). RGT holders vote on the project's first DAO proposal The Rari Governance Token is the native token of Rari Capital, a non-custodial decentralized finance (DeFi) protocol …

In April of this year, an anonymous buyer purchased a copy of Action Comics #1 for $3,250,000 USD — the highest figure on record for a vintage comic book. Published in 1938 and featuring the first-ever appearance of Superman, the comic is one of the last known copies in existence. Prior to the auction, it was graded by the Certified Guaranty Company, or CGC, using a 10-point system, where it received a near-perfect score. Any legitimate copy of Action Comics #1 would have been worth a decent sum of money, but this particular book out-sold all others because its physical …

Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a golden cross is starting to form. Next to that, the exchange reserves are hitting record lows, which is a massive signal of strength, suggesting that most investors are taking their Bitcoin from exchanges, reducing the overall supply that can be sold on the market. Will Bitcoin break out due to the golden cross? The daily chart for BTC/USD shows …

Bitcoin (BTC) preserved a higher low overnight on Tuesday in what one analyst believes may lead to sustained recovery. Analyst: Time for “inevitable” Bitcoin supply shock Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to rechallenge $46,000 Tuesday. The pair had been drifting south before a sudden bout of volatility produced lows of $43,380 on Bitstamp. At the time of writing, these remained untested, with Bitcoin gaining around 5.5%. “This could be a macro HL for $BTC. It acted as support before,” popular trader Pentoshi summarized about the area immediately below around $45,300. “We took out the HL …

Nonfungible tokens (NFTs) and play-to-earn gaming are two of the hottest trends in the crypto sector because each presents new avenues for attracting users and the unique character of each niche allows participants to generate wealth rather than having to spend money to become a part of the community. Gala Games, a blockchain-gaming-focused project that allows users to use their unique NFT characters in gameplay, saw its GALA token etch out significant gains after Binance announced plans to list the GALA token. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.021 on Sept. 12, …

Bitcoin’s (BTC) failure to make a strong recovery in the past few days has resulted in profit-booking in most major altcoins, threatening to pull the total crypto market capitalization back below $2 trillion. The United States equity markets witnessed profit-booking and the S&P 500 dropped by 1.69% last week, suggesting the development of a risk-off sentiment. Charles Edwards, CEO of investment manager Capriole, pointed out that “almost every Bitcoin correction in 2021” has corresponded with a 2% or more drop in the S&P 500. Irrespective of the near-term weakness in Bitcoin, MicroStrategy has continued to build its holdings. The company’s …