Cryptocurrency Analysis and News Portal
Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin saw the digital asset fall below $43,000 and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated. Amount of Liquidations in the past 24 hours by exchanges in total $3.54
Read More
Bitcoin has been rejected several times after a push north of the $40,000 mark. At the time of writing, BTC trades at $36,621 with a 3.2% profit in the daily and a 31.9% in the weekly chart. BTC with a strong rally in the daily chart. Source: BTCUSD Tradingview The sentiment is
Read More
Bitcoin’s on-chain metrics are painting a bullish picture after weeks of consolidation.The top cryptocurrency hit a peak price of $41,962 on Jan. 8 and has mostly traded the range of $29,000–$40,000 since, according to CryptoX 20 data. However, demand continues to outstrip supply amid the price lull. “In 2021 so
Read More
Bitcoin bulls should brace for a bearish impact as three of the leading on-chain indicators unanimously warn about potential sell-offs in the spot market ahead. CryptoQuant, a South Korea-based blockchain analysis firm, highlighted the latest readings on their proprietary metrics, one of which studies large BTC outflows from miners’ wallets and
Read More
Although institutional interest has undeniably been focused on Bitcoin, Ethereum’s lower cost of entry and unstoppable momentum, have allowed the altcoin to outperform the top crypto asset by market cap recently. A near flawless technical pattern yet to break out coinciding with a trend strength measuring tool approaching pivotal levels, suggests
Read More
Bitcoin and the entire cryptocurrency market have seen mixed price action throughout the past week It has mainly favored bears, with the selling pressure seen when BTC broke below $40,000 being quite significant This led the entire market to plunge lower, but bulls are now in the process of reversing this decline
Read More
The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March.Prices for the largest cryptocurrency had soared last week to an all-time high of $41,962, and that level was apparently sufficient to prompt some
Read More
Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted. Top shelfForced burnRipple Chief Technology Officer David Schwartz tweeted the community could force the burning of billions of the protocol’s XRP native tokens held in escrow
Read More