After tanking all the way to $1300 levels on Sunday, February 28, Ethereum (ETH) has registered a good pull-back to $1450 levels. At press time, Ethereum (ETH) is trading at a price of $1446 with a market cap of $166 billion. As per the recent technical indicators, Ethereum has set itself on the journey to […]
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Bitcoin may have mooned in 2020 but here’s why watching the top-15 richest addresses will matter in 2021. Transparency is one of the most intriguing aspects of cryptocurrency and it was this openness that drew many early supporters to Bitcoin (BTC). Blockchain technology makes all information associated with the network’s operation accessible for anyone interested […]
Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.
Danny Ryan opines that Phase 0 of Eth2 can still launch even with the over 105k ETH staked. In an AMA session on Nov 18, the Ethereum developer said it makes no sense to leave the over $49 million worth of coins in “limbo for too long” and adjusting the threshold down from 524,288 ETH […]
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Bitcoin has undergone a strong drop since the weekly highs of $15,975. The price of the leading cryptocurrency is $14,800 as of this article’s writing, $1,200 shy of the highs but $500 above the daily lows. In the past 24 hours, Bitcoin is down 5%. Analysts have become fearful that this is the start of […]
Bitcoin’s price saw a 4% drop in the last 24 hours, but it’s unlikely to see a correction like in previous cycles for three reasons. The price of Bitcoin (BTC) has increased by 36% in the last 35 days, showing a strong rally. The market sentiment has been optimistic due to rising institutional demand and […]
This article originally appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! This week, a released cache of thousands of reports from major banks showed that these institutions ignored their own concerns and willingly moved trillions of dollars around the world […]
Bitcoin needs to hold the current price region where it’s at now to confirm that it remains in a bull trend, analysts say. Related Reading: CNBC’s “Mad Money” Host Jim Cramer Is Finally Buying Bitcoin Bitcoin Needs to Hold $10,000 Bitcoin must hold $10,000 in the near future to confirm that it is in a bull […]
Five years later, Ethereum is still chugging along as a decentralized platform for self-executing code. Eth 2.0 is quite close, but for real this time.
Bitcoin and the aggregated cryptocurrency market are continuing to flash some signs of strength BTC is now pushing up towards $9,600, with its slow grind higher allowing it to surmount the slight resistance it faced around this price region This recent price action does appear to confirm the existence of a bullish accumulation pattern, which […]
Save for the slight 2-3% rally seen on Tuesday, Bitcoin’s price action over the past few weeks has effectively been non-existent. On a macro scale, the cryptocurrency looks as though it has flatlined, stuck between $8,900 and $9,400, with bulls and bears failing to establish a trend. Yet an analyst who predicted Bitcoin would see […]
Ethereum traded to a new monthly high near $249 before correcting lower against the US Dollar. ETH price is currently trading nicely above $253 and it could rally again towards $250. ETH price is holding the main $235 support level and the $232 pivot level against the US Dollar. It is facing a couple of […]
The Great Recession of 2008 spawned two things: Bitcoin and increasingly lower negative interest rates. To spur economic growth and ensure the stability of the macroeconomy, central banks around the world have been increasingly lowering their policy interest rates. In Japan and in much of Europe, interest rates are negative, meaning that banks get paid […]
In the span of just over a decade, Bitcoin has gone from a puny asset to one worth over $170 billion. It’s a rally that has caught many off guard, evidenced by those that have long asserted the cryptocurrency is a Ponzi scheme or otherwise. Data shows, however, that BTC remains just a drop in […]
Ethereum reverses from the resistance at $230; buyers seek support at $225. ETH/USD bulls must not underestimate the selling pressure because $200 is still within reach. The second-largest cryptocurrency is battling increased selling activities just like other major cryptocurrencies in the market including Bitcoin, Ripple and Bitcoin Cash. Last week, Ether rose significantly from the […]
Most cryptocurrencies, from Bitcoin to XRP, haven’t fared too well since the highs of the last bull market. Even BTC, which is arguably more bullish than ever fundamentally, is down by over 50% from its all-time high. Bitcoin Cash, however, has done especially poorly, with it only recently getting worse. Bitcoin Cash Hits Fresh Low […]
Traditional markets slide as coronavirus cases spike, and crypto follows because its correlation is still unbroken.
It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows. Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s. Related Reading: BTC Hash Rate Recovers to Pre-Halving Levels, […]
During the bull run of 2017, the top blockchains, Bitcoin and Ethereum, were subject to extremely high transaction fees. At one time, it cost $50 to send BTC from wallet to wallet in a reasonable amount of time. And it once cost a handful of dollars to, say, create a “CryptoKitty” on the Ethereum blockchain. […]
It’s been a tough past few days for Bitcoin. The cryptocurrency has slipped approximately 10% from the $10,100 monthly highs to a recent low of $8,800, triggered by fears that Satoshi Nakamoto is dumping his BTC. Bitcoin price chart from TradingView.com While those rumors have since been disproven by blockchain analytics companies, BTC has yet […]
It has been a tumultuous ride for users of Ethereum’s decentralized finance (DeFi) over the past few days. The evening of April 18th saw DeFi protocol Lendf.me go into a tailspin, with the protocol’s primary address bleeding funds at a rapid clip. In fact, within a few hours, $25 million worth of value, held mostly […]