Cryptocurrency Analysis and News Portal
Meanwhile, the Relative Strength Index (RSI), a price-chart indicator, for bitcoin slid to favorable levels in European trading hours on Tuesday after reaching overbought conditions last Friday. The tool calculates market momentum for assets, and an overbought level implies prices are overvalued and may be primed for a trend reversal
Read More
Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRSI sees "bullish engulfing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight.The pair then recovered to circle $56,500
Read More
Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and
Read More
Bitcoin (BTC) is stabilizing after a near 10% decline over the past week. The cryptocurrency is holding initial support above $56,000, although resistance around $65,000 could limit further upside over the short-term.The relative strength index (RSI) is oversold on intraday charts, which could encourage brief buying activity. On the daily
Read More
Bitcoin (BTC) diving nearly 20% from all-time highs has finally taken its toll on market sentiment — investors are now “afraid.”According to the Crypto Fear & Greed Index, overnight losses on Nov. 19 removed the last traces of “greed” away from traders’ minds.From “greed” to “fear” in two daysAs BTC
Read More
Data shows Bitcoin supply has been relatively illiquid recently as long-term holders haven’t started realizing profits much. Bitcoin Supply Last Moved Within 30 Days Has Been Relatively Low As per the latest weekly report from Arcane Research, despite a rise in BTC’s price recently, the supply moved within the last 30 days
Read More
MarketsStill, blockchain data show bitcoin holder positioning is consistent with the early stage of a bull market, one firm says.By Damanick Dantes, Helene BraunOct 26, 2021 at 8:34 p.m. UTCUpdated Oct 26, 2021 at 8:34 p.m. UTCBitcoin 24-hour price chart (CoinDesk) Original Source
Read More
On-chain analytics provider glassnode reports that long-term Bitcoin holders are refusing to sell despite the BTC markets rallying to a five-month price high.In its Oct. 11 “Week on Chain” report, Glassnode noted that “long-term holders” — BTC wallets that have not seen outflows for more than 155 days — are
Read More
Over Zoom, Al-Naji explained that BitClout was always really just a proof of concept for DeSo. “We wanted to essentially launch a demo app that showcases the features of the DeSo blockchain,” he said. “But what happened, which is kind of weird, is the BitClout app kind of exploded. A
Read More
Bitcoin is now reeling after a rejection prevented further highs around the time Coinbase Global went live on the Nasdaq. The same stock market has also been booming alongside crypto – both markets gone parabolic against a common denominator: the dollar. The greenback’s “exponential decay” is poised to continue, further benefiting
Read More