Cryptocurrency Analysis and News Portal
Bitcoin’s prolonged bout of sideways trading is bound to end eventually, and all the signs are suggesting that the next large trend-defining movement could take place in the coming days or weeks.This recent price action has been driven primarily by a sharp decline seen in BTC’s liquidity and trading volume
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Crypto staking on the Matic mainnet went live just over two weeks ago. On launch, Matic co-founder and CEO, Sandeep Nailwa took to Twitter to boast of the incredible 150% annual yield available for early adopters.In few hours @maticnetwork community has staked around 6.68% of circulating supply of Matic. The
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Bitcoin has remained caught firmly within the throes of its long-held consolidation phase in the lower-$9,000 region.It is now expressing some signs of weakness due to its inability to surmount the slight resistance that sits around $9,300, but it remains unclear as to whether or not sellers are strong enough
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Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter. Source
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Bitcoin started a steady increase and broke the $9,300 resistance against the US Dollar. BTC is currently up close to 3% and it might continue to rise towards the $9,500 resistance.Bitcoin is gaining momentum and it recently broke the $9,300 resistance zone.The price traded to a new weekly high at
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Bitcoin has performed extremely well since March’s lows, rallying over 150% from the $3,700 capitulation bottom. Even after a strong $1,200 retracement from the $10,500 highs, BTC is still one of the best-performing assets of 2020.Yet a crucial indicator suggests that Bitcoin is still intrinsically undervalued, boding well for the
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In a special announcement made at the Unitize conference on July 6, Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits.The companies involved in the creation of Anchor plan to launch it across their respective blockchains at
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The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been ranging between $8,600 and $10,500 since the halving. During the two-months’ sideways action, the market started to heat up and altcoins entered the spotlight.Additionally, traders and investors are constantly debating whether BTC price is still in bull
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According to Skew, the implied volatility of Bitcoin reached a 1-year low at 46%. The last time BTC’s volatility reached such a low point, a big price movement followed.Researchers said:“BTC 1month ATM Implied Volatility reaches a 1-year+ low at 46%.”The volatility of Bitcoin last dropped to around 50% in the
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Bitcoin opened the week still stuck in a price range just above $9,000 Monday, moving less than 0.2% from Friday’s close as of 20:00 UTC (4 p.m. ET), according to Bitstamp. At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin (BTC) was changing hands around $9,115 on spot exchanges such
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