Cryptocurrency Analysis and News Portal
The smarts contracts giant continues consolidating within a descending parallel channel that began developing at the beginning of the month. Since then, each time Ethereum rises to the upper boundary of the channel, it pulls down to hit the lower boundary, and from this point, it bounces back up again.The
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Data from on-chain analytics firm Glassnode shows over 61 percent of Bitcoins on the open market have not moved in over a year. In contrast, the usage of Bitcoin-pegged ERC20 tokens has increased. Bitcoin a HODL or Inherent Risks? On-chain analytics firm Glassnode shows a majority of all Bitcoin has not moved
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There are many analysts saying that Bitcoin looks like it’s at a medium-term high.As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said:“A couple more clues developing that lend themselves to HTF distribution. 1. Rising
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Ethereum has seen a decentralized finance craze over recent weeks.Due to innovation, high returns on investments, and other attractive characteristics, DeFi has gone parabolic. Data from DeFiPulse shows that the value of cryptocurrency locked in blockchain finance applications has reached $1.6 billion. This isSimultaneously, DeFi-related tokens like Compound’s COMP and
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Ethereum has entered a firm consolidation phase in the time following its recent bout of volatility.This turbulence came about yesterday, with ETH’s buyers propelling it to highs of $255 before it lost its momentum and declined down to lows of $230.Bitcoin triggered this movement, as the benchmark cryptocurrency first rallied
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The Tesla stock is en route to reach a record high this week after a 7.56% gain. Boost in Elon Musk’s image as a CEO and reopening of Tesla’s gigafactories place the company in a strong position. Retail investors are also absorbing the sell-off of TSLA stocks from institutions. The Tesla stock (NASDAQ:
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Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum.Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to
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Nasdaq 100 companies are making a killing amid the pandemic. Global liquidity is a huge factor behind the recent stock market rally. The smart money will eventually find its way to fundamentally sound companies. The Nasdaq Composite (IXIC) is slaughtering bears in a time of global crisis. The benchmark
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Ethereum has been pushing higher throughout the past day alongside Bitcoin and most other major altcoins.This climb has come about after an extended period of sideways trading within the lower-$200 region. It does appear that buyers are now attempting to lay the groundwork for it to see even further upside.One
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Fundstrat’s Tom Lee thinks the S&P 500 will hit all-time highs by year-end. Massive stimulus and a sharp rebound in corporate earnings are driving stock prices higher. There is no better alternative to stocks, as bonds have meager yields. While many investors believe the stock market will crash soon,
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