Cryptocurrency Analysis and News Portal
Aave has been on a downtrend since April amidst intense volatility in the market. Major altcoins have extended losses owing to a major sell off all across the cryptocurrency industry. Over the past week, the coin presented lower lows and displayed intense selling pressure. The altcoin has also experienced high trading
Read More
So far, profit taking among long-term holders is occurring at the most significant rate in bitcoin's history, according to Glassnode data. "This indicates that long-term holders from the 2021-2022 cycle are capitulating, spending and redistributing their coins, specifically during the last three months," the firm wrote in a blog post. Original
Read More
In downplaying the near-term promise of Horizon Worlds and Oculus, the former Facebook seemed to confirm that its Meta rebrand was a strategic distraction. Source
Read More
A survey by crypto trading platform Bitstamp shows that 80% of institutional investors believe crypto will overtake traditional investment vehicles. Furthermore, 70% of institutional investors said crypto was a trustworthy investment, with 68% actively recommending this asset class in investment strategies. Institutional Investors Bullish About Crypto Bitstamp, a major crypto derivatives trading
Read More
A senior researcher at the American Institute for Economic Research dissects the Biden administration’s executive order on crypto. Source
Read More
The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold above $3,400. Data from Cryptox Markets Pro and TradingView shows that the price of Bitcoin has been
Read More
Cryptocurrencies failed to break the 42-day long downtrend after the $1.95-trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally.Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14 and
Read More
Generally, altcoins outperform during bull markets because they have a greater risk profile relative to bitcoin. And during down markets, bitcoin outperforms as investors reduce their exposure to risk. So, when correlations are high, there is less opportunity to reduce volatility in a crypto portfolio, which is why some traders
Read More
Bitcoin mining difficulty fell by 1.5% last week, following the full recovery of China’s mining ban last year. China started to crack down on cryptocurrency, prohibiting financial institutions and payment companies from providing services related to cryptocurrency transactions. China accounted for roughly 75% of the “average monthly hashrate share,” a term used
Read More
"We added to our longer-term options position, selling the volatility spike post-invasion," QCP Capital, a crypto trading firm, wrote in a Telegram chat, referring to Russia's invasion of Ukraine. The firm has been tactically accumulating a long volatility position, "expecting outsized volatility" going into the U.S. Federal Reserve meeting March
Read More