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Bitcoin (BTC) held above $41,000 into the weekend after a late surge Friday took the largest cryptocurrency to two-week highs.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView"The only good bear is a dead bear"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining newly re-won ground Saturday, with the pair's correlation to
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Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest
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Furthermore, Canaccord’s Joseph Vafi said “after adding 600 petahash of new hydro-driven mining capacity in Quebec during Q2, all the pieces are coming together for the company to further, materially expand its hash rate capacity in 2022, leverating 200MW of cheap, Texas wind power and recently placed orders for new
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Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider.Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether has scope
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Yearn.finance has been busy announcing a slew of mergers in the past week, and these have the decentralized finance space buzzing once again. Just after the Yearn and Pickle Finance merger, Yearn has announced a partnership with Cream to launch Cream v2.Some of the key takeaways are that teams from
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In the medium term, technical analysts and traders believe Bitcoin (BTC) is headed for an extended uptrend. For
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Bitcoin’s unrelenting consolidation phase may not last for too much longer.Analysts are now explaining that the cryptocurrency is beginning to flash some subtle signs of bullishness as it trades around $9,300, with these factors potentially helping to boost it higher in the days and weeks ahead.While looking towards BTC’s weekly
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Apple is targeting the healthcare sector as it gets closer to a $2 trillion valuation.The Apple Watch, along with three other vital services, swayed the company to healthcare.The company’s dominance in the wearables industry is further fueling its presence in the industry.Apple (NASDAQ:AAPL) is on track to become the first
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Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250.Ethereum is slowly gaining bullish momentum above the $232 resistanceThe price tested the $235 resistance and trading
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Ethereum continues to struggle with resistance at $250 that has held back the asset for much of the last two years of bear market.However, a crypto-focused investment fund manager is expecting that the asset’s best use case, decentralized finance, could help propel Etheruem to a $1 trillion market cap. This
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