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Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move. The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options. With the combination of negative skews and a rising put-call
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One key metric suggests that Ethereum (ETH) has enjoyed a much faster rate of adoption and growth in the first five years of existence than Bitcoin (BTC).Comparing the total number of addresses after n days for both Bitcoin and Ethereum. Source: Cryptox, Glassnode, Etherscan.We compared the total number of addresses
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Bitcoin has faced a rather strong correction after its explosion to the $11,500 highs. At the recent lows,
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Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm Glassnode revealed that when the price
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Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000.While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually test $100,000. But not before
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Bitcoin’s price is at its 11-month high as volatility bounces back up. Meanwhile, ether’s dominance has spiked on continued growth in decentralized finance (DeFi). Bitcoin (BTC) trading around $10,998 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.Bitcoin’s 24-hour range: $10,573-$11,422BTC above 10-day and 50-day moving
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As bitcoin retraces slightly after reaching a new 2020 high about $11,000, NLW explores what’s driving the rally and how likely it is to continue. Source
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Bitcoin is currently trading above $10,000, but is the latest move into five figures here to stay? Data suggests this rally might have legs. The leading cryptocurrency has failed a number of times during the last 12 months to keep gains above the $10,000 mark. But this time may be different.
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A crypto hedge fund is folding, Silvergate Bank’s bitcoin-collateralized loans surged this quarter and bitcoin futures markets record triple-digit growth. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here. Top
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Bitcoin’s intense rally throughout the past couple of days has allowed it to fly past multiple crucial resistance
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