Cryptocurrency Analysis and News Portal
All of Bitcoin’s recent volatility has occurred within a relatively tight trading range between $9,000 and $10,000.There have been a few occasions in which the cryptocurrency has broken above or below these range boundaries, but each time has been short-lived and followed by a swift movement back into the range.This
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Miner outflows of bitcoin have dropped to decade lows, with analysts suggesting a hoarding mentality is partly responsible. The seven-day average of the total amount of bitcoin transferred out of miners’ addresses declined to 987 on Thursday, hitting the lowest level since Feb. 3, 2010, according to data source Glassnode. The
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Due to a widespread recovery in risk assets, Bitcoin and its altcoin counterparts have recovered all the losses they have incurred in March. From the March lows of $3,700, in fact, Bitcoin is up by over 150%.Yet with BTC finally stalling in the $9,000s, analysts see a confluence of tell-tale
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With bitcoin’s price losing altitude again, small investors appear to be seeking exposure to the top cryptocurrency by market value. Prices fell by 9.8% last week to register bitcoin’s biggest weekly decline since the second week of March, according to CryptoX’s Bitcoin Price Index. A two-week low of $8,630 was registered early
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Bitcoin may have performed extremely well over the past two months, rallying over 100% from the March lows, but technicals show and analysts argue that the rally is far from over.Rally From $3,700 to $10,000 Just the Start of a Bigger TrendAccording to Alex Fiskum, an associate at boutique investment
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All cryptocurrencies have suffered over the past few days, but XRP’s performance has been especially poor.From its $10,100 peak established late last week, Bitcoin is down 13% as of the time of this article’s writing.XRP, on the other hand, has shed more than 18% over that same time frame, underperforming
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It’s been a strong week for Bitcoin and the rest of the cryptocurrency market.Per data from Coin360.com, the leading cryptocurrency has gained close to 20% in the past seven days. While this is undoubtedly one of Bitcoin’s best weekly performances in months, this is actually the asset’s seventh week of
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Bitcoin (BTC) tested support at $7,500 on April 24 after a surprise surge saw the cryptocurrency beat out resistance and reliance on stocks.Cryptocurrency market daily overview. Source: Coin360BTC price puts in a $7.5K foundationData from Coin360 and Cointelegraph Markets showed BTC/USD attempting to form new support at $7,500 on Thursday.Since
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At a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell steeply.Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles (Source: Bitcoin
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Major altcoins have seen their Twitter presence greatly reduced in the wake of the recent cryptocurrency market crash. According to data from Bitinfocharts, major altcoins such as Ethereum, Litecoin, and XRP now find their Twitter mentions nearing two and even three-year lows.Meanwhile, Bitcoin’s Twitter presence doubled in the first
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