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Like Bitcoin, Ethereum (ETH) has flatlined over recent weeks in an extremely tight range. For the leading altcoin, this range has been approximately $230-245. Bears may soon gain the upper hand as the on-chain and technical analysis case for Ethereum has purportedly flipped bearish. This comes at a pivotal time for
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Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks. This has made it exposed to some near-term downside, as BTC is currently sitting just a hair above the lower boundary of its long-held trading range between $9,000 and $10,000. It appears that ETH has been forming
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Bitcoin has found itself in no man’s land. Take the chart below, which shows that over the past few months, the cryptocurrency has centered around the low-$9,000s,Chart of BTC's price action over the past four months. Chart from TradingView.comThe stagnation in the cryptocurrency market has been further accentuated by volatility
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Stellar Lumens is back in the spotlight of the cryptocurrency market after the impressive bull run it has gone through in the last three days. The cross-border remittances token surged over 50% to hit price levels not seen in over a year.As the buying pressure behind it skyrocketed, XLM reached
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Within the last few hours Bitcoin (BTC) price pushed above $9,300 after struggling to hold the $9,300-$9,400 level for the past three days. The move was accompanied by a notable surge in purchasing volume which is exactly what is needed given that on July 6 and 7 the Bitcoin price formed
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The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data.The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity.Meanwhile, the BTC network hashrate has continued to grow, with the seven-day average reaching 123.4 exahash per
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Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.The stock market has been seeing an intense recovery, and its momentum appears to be picking up
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Ever since its inception, bitcoin has been dubbed “digital gold,” given it is durable, fungible, divisible and scarce like the precious metal. However, while gold has a strong track record of rallying in times of stress in the global equity markets, bitcoin is yet to build a similar reputation as a
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Ethereum has been struggling to recapture its long-held position within its trading range between $230 and $250.The token has traded below the lower boundary of this range for the past several days, but bulls are now trying to surmount it.It does appear that $230 has become a resistance level for
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After weeks of uninspired price action, Bitcoin hit new heights today on a variety of metrics: new addresses, active addresses, hourly transaction count and hourly spent outputs.Glassnode CTO Rafael Schultze-Kraft posted on twitter listing the achievements:Quite the on-chain activity on #Bitcoin today –Hourly New Addresses: 2-year highHourly Active Addresses: 1-year
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