Cryptocurrency Analysis and News Portal
After attempting to rally through $9,500 this week, Bitcoin failed to sustain its bullish momentum yet again. As of this article’s writing, the leading cryptocurrency trades for $9,200, having sustained somewhat of a pullback.The retracement notably wasn’t caused by Bitcoin: a drop in the S&P 500 on Wednesday forced the
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The smart contracts giant kicked off the week on the right foot. Its price has surged over 4.60% since the weekly open to hit a high of $237.5. However, the Tom Demark (TD) Sequential indicator estimates that Ethereum could be bound for a small intraday correction before it continues rising
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Bitcoin 10-day realized volatility reaches 20 percent for the first time since November 2018, according to data collected by Skew.The dip follows the cryptocurrency’s sideways consolidation moves in a narrow trading range across the last two weeks.Skew alerted the current volatility levels risks a “great sell-off,” citing a similar downside
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The size of the Ethereum options market on Friday equaled the size of the Bitcoin options market in December 2018, according to data provided by Skew.Ethereum’s growth in the derivatives market pointed to its increasing institutionalization like Bitcoin.It further hinted at a breakout price rally ahead for the second-largest cryptocurrency.Ethereum
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Bitcoin started an upside correction after testing the $9,000 support against the US Dollar. BTC is now facing a strong resistance near the $9,300 and $9,400 levels.Bitcoin is recovering and it is trading above the $9,200 support level.The price is facing a few key hurdles near $9,300, $9,400, and the
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Bitcoin “whales,” or users holding significant amounts of BTC, are surging in recent weeks to reach levels last seen in January 2018. BTC Whales Growing A report by on-chain analytics firm Glassnode noted on June 15 that BTC whales are steadily growing, presumably as worldwide financial markets see increased volatility and turmoil
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The number of investors holding an immense amount of Bitcoin is starting to approach levels the crypto community hasn’t seen since the cryptocurrency’s rally to $20,000. According to Glassnode’s ‘The Week On-Chain’ report for June 15, there has been steady growth in the number of Bitcoin (BTC) whales—traders holding 1000 BTC
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The average transaction fees for Bitcoin have dropped under the $1 mark, and are back to levels not seen since before the rewards halving. According to data from crypto analytics website BitInfoCharts, from May 20 until June 14, Bitcoin (BTC) transaction fees decreased by 91% from $6.65 to $0.56. This follows
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[sociallocker id="55298"] Bitcoin has just got easier to mine. At block height 633,024, reached on 12:30 UTC Thursday, the Bitcoin blockchain adjusted its mining difficulty to 13.7 Trillion with a 9.29% drop and reached the lowest level since January this year. According to data compiled by CryptoX Research, today saw
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XTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern.If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats.Its failure now puts the crypto en route to record highs.XTZ is trading almost 28 percent lower from its
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