Cryptocurrency Analysis and News Portal
Despite it having a strong fundamental premise, Bitcoin’s Lightning Network has yet to see the adoption that its proponents hoped would happen.According to Lightning data provider 1ML, there is only $9 million worth of BTC locked in the network. There are also only 13,000 Lightning nodes, which, while many more
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Bitcoin’s recent price action has done little to offer investors with insight into the cryptocurrency’s current trend, as it has been stuck between $9,000 and $10,000 for an extended period.There are a few crucial price regions within this trading range that could hold massive sway over the cryptocurrency’s near-term trend,
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Ethereum’s price has been teetering just above its crucial support that exists at the lower boundary of its long-established trading range.This does appear to be an overt sign of technical weakness, although there are several reasons why some analysts still remain bullish on the cryptocurrency.One trader is noting that ETH
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Volume on Ethereum blockchain is rising faster than Bitcoin for the last three months, according to data fetched by Santiment.The second-largest cryptocurrency is leading a pack of top 100 altcoins with better on-chain metrics than that of Bitcoin.Observers note that a swift rise in altcoin volumes forms a local price
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Ethereum has been flashing some signs of tempered weakness throughout the past several days and weeks, hovering just above the lower boundary of its long-held consolidation channel.The cryptocurrency’s present weakness is primarily rooted in that of Bitcoin, which has seen faltering momentum as it continues struggling to break above the
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Bitcoin is trading well above key supports on the daily chart against the US Dollar. BTC seems to be preparing for a crucial bullish breakout above the $10,000 resistance zone.Bitcoin traded as high as $10,390 before it started a minor downside correction.The price is currently trading well above the $9,000
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Bitcoin may be down 50% from its all-time highs, but Ethereum has registered an even more harrowing performance. Even after rallying approximately 175% from the March lows, the asset remains more than 80% below its all-time high of $1,430.Some have remarked that the asset’s inability to recover is a death
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Ethereum is trading in a tight range above the $240 support against the US Dollar. ETH price likely to accelerate higher above the $245 and $250 resistance levels in the near term.Ethereum is trading above a major support and pivot area at $240.The price is likely to surge if it
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The last few days have been quite dramatic in the cryptocurrency industry, for Bitcoin to Cardano.On Monday, Bitcoin sliced through the $10,000 resistance level for the first time since the beginning of the year.Following the upswing, some of the most prominent analysts in the industry affirmed that the increasing rift
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In just a few minutes’ time, Bitcoin will close May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next.A region of importance that many analysts are eyeing is the low-$9,000s. As one analyst explained:“We’ve not had a Monthly close
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