Cryptocurrency Analysis and News Portal
October has barely started and the price action in the crypto markets has been both exciting and worrisome. Bitcoin (BTC) has seen a strong $10.9K rejection and a quick $10.2K bottom over the past week.The whipsaw price action has been the norm over the past three weeks and is quite
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Bitcoin’s intense rally throughout the past couple of days has allowed it to fly past multiple crucial resistance
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Ethereum’s price has been driven higher by a massive influx of buying pressure seen throughout the past several
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Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash.
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The concept of bitcoin days destroyed (BDD) was introduced in 2011, two years after the creation of the world’s first cryptocurrency, bitcoin. People were already beginning to create blockchain metrics to measure on-chain transaction activity and value. Once the first cryptocurrency metric was created, BDD was quickly followed by a plethora of
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As the price of Bitcoin has risen and more individuals have entered the space, an increasing number of BTC has been held in exchange addresses. This trend is likely a byproduct of the arrival of less-technically inclined investors, coupled with the rise of altcoins. Fortunately for bulls, data shows that the
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Bitcoin’s characteristically high volatility could return soon, giving exhausted traders an end to months of abnormally calm price action. A new metric for on-chain activity makes this prediction by measuring exchange volumes and on-chain transaction volume together to derive a signal for inflection points in bitcoin volatility. Published to popular charting
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Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a threshold not seen since May 2018, according to data provided by the blockchain analytics firm
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Bitazu Capital founding partner Mohit Sorout pinpointed that the volume of Bitcoin (BTC) declined since May. While the price of the top cryptocurrency has dropped since, its volume suggests it is not entirely bearish.Due to the second rejection of Bitcoin at $10,500 this year, traders have suggested the possibility of a
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It’s been hard for some to say that crypto is in a bull market.Despite Bitcoin rallying by over 150% from March’s $3,700 lows, it remains below crucial resistance levels at $10,500 and beyond. The same can be said about Ethereum, which has had similar trouble surmounting $250.Yet there are some
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