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It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11 bankruptcy. Here we have yet another industry giant with a tale of incestuous lending, little risk management to speak of
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Bitcoin’s (BTC) price has followed a four-year cycle, with consecutive bull and bear trends occurring in somewhat measurable intervals. A closer look at Bitcoin’s long-term price action reveals that the run-up to the top and bottom of the previous cycles look remarkably similar. What’s more interesting is that the 2020–2021
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Mike McGlone, Bloomberg's senior commodity strategist believes Bitcoin (BTC) could be developing a "bottom" in the same way it did prior to 2019's bull run but said there is a major difference this time around.During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when
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Bitcoin (BTC) may be circling its highest levels in months, but few are convinced that the bull market is back.Ahead of a key weekly close, BTC/USD remains near $21,000, data from Cryptox Markets Pro and TradingView shows, with analysts nervous about the good times ending all too soon.Bitcoin to see
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Place/Date: - January 14th, 2023 at 10:36 am UTC · 3 min read Source: HedgeUp The most exciting thing about cryptocurrency investments is that they skyrocket in value when they explode. In 2021, we saw Solana increase in value by more than
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At its current price of $1,408, investors and traders are hopeful that the market bottom is finally here for Ethereum. Analysts are observing that Ethereum is at its key resistance level, poised for a breakout as the Consumer Price Index (CPI) data was released Thursday. This rally by Ether – which is
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Ethereum climbed higher above the $1,350 resistance zone against the US Dollar. ETH tested the $1,420 zone and is currently consolidating gains. Ethereum started a steady increase above the $1,320 and $1,350 resistance levels. The price is now trading above $1,350 and the 100 hourly simple moving average. There is a connecting bullish
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A quant has explained using past trends of the Bitcoin adjusted Spent Output Profit Ratio (aSOPR) whether the current cycle has yet met all the bottom conditions. Bitcoin aSOPR EMAs Are Approaching Golden Cross As an analyst in a CryptoQuant post explained, the aSOPR EMAs are looking to form a golden cross
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On-chain data shows the Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here. Bitcoin 30-Day MA Exchange Depositing Transactions Have Declined As pointed out by an analyst in a CryptoQuant post, the metric’s current levels are the same as in Q1 2019. The “exchange
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The Bitcoin price has seen a slow start in 2023 as the cryptocurrency remains stalled and moving sideways around its current levels. Many experts believe BTC has seen the worst of the recent bearish cycle and could be gearing up for some profits. As of this writing, the Bitcoin price trades
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