Cryptocurrency Analysis and News Portal
As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more profitable. Older generation mining
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XRP has a good chance of hitting $1.50 in the fourth quarter of 2021 after painting a bullish crossover between its 20-day and 50-day exponential moving averages (EMA).The so-called Golden Cross has appeared multiple times on XRP charts in history. Its last occurrence was on Aug. 10, which followed up
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The run-up in the price of Shiba Inu (SHIB) so far in October pushed the SHIB token to become the 20th largest digital asset by market capitalization.Shiba Inu's circulating market valuation jumped to $11.08 billion earlier this week and is currently above $10 billion, putting it in the top-20 by
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Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up.However, it is worth noting
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Bitcoin and select altcoins are facing selling at higher levels,
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Ethereum's native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone.In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest
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Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price beats Wednesday’s highData from Cryptox Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum.Wednesday’s dramatic uptick had
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Despite a popular narrative that electric car maker Tesla’s CEO Elon Musk may have accidentally pumped the price, blockchain data shows that the seemingly irrational rally may be prompted by moves by SHIB “whales,” who hold large amounts of SHIB, which were followed by retail traders, or the so-called
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Bitcoin (BTC) faced fresh doubts over the strength of its bull run on Oct. 7 as analysts eyed a potential reversal of Wednesday’s short squeeze.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFunding rates in the red zoneData from Cryptox Markets Pro and TradingView tracked BTC/USD as it hovered near $54,000 after failing
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Bitcoin ran through key technical resistance levels on Wednesday, strengthening a bullish bias, and extended gains Thursday.The cryptocurrency jumped above $55,000 yesterday, breaching the downtrend line connecting the April high of $64,801 and September highs near $52,000.Buyers also flipped the horizontal resistance at $53,000 into support, having taken out a
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